Vert Energy Group

Author: Vert Energy Group Marketing Team

How a Corporate Efficiency Program Protects Profits, Asset Value & Compliance Risks?

As a business, it is important to value efficiency in order to ensure profitability and compliance with regulations. However, many companies overlook the importance of implementing an effective corporate efficiency program. Not only does this approach help protect your organization’s financial assets, but it can also reduce risks that could lead to costly lawsuits or fines for noncompliance. In this blog post, we will discuss why an initiative focused on achieving corporate efficiency is essential for modern organizations as well as offer tips and strategies you can use when launching such a program at your company.
What is Corporate Efficiency Program?
A corporate efficiency program is a strategic initiative to help a company or business reduce waste and increase productivity. By assessing processes and workflows, companies can identify opportunities to reduce costs, streamline operations, and improve overall performance. These cost-saving initiatives are key in developing a profitable workplace that is able to deliver the same high-quality products or services while investing in resources more efficiently. Introducing corporate efficiency strategies helps create an environment that encourages collaboration between teams, allowing each job to be completed as quickly and accurately as possible. With this model of execution comes increased customer satisfaction, improved financial performance, and greater employee development—ultimately boosting the success of any organization.
How a Corporate Efficiency Program Protects Profits, Asset Value & Compliance Risks?
Corporate efficiency programs are essential for any organization looking to protect its profits, asset value, and compliance risks. These programs involve taking a strategic approach to achieving greater productivity and efficiency across multiple areas of the business by streamlining administrative processes, minimizing redundant workflows and costs, and ensuring that critical tasks are automated correctly.
Additionally, corporate efficiency programs can help protect against compliance risks by providing stakeholders with transparency into how their resources are being managed, as well as better visibility into overall processes that could potentially expose their business to risk. By optimizing operational performance, an organization can protect its profits, asset value, and minimize potential risks.
How can Corporate Efficiency Program Help Businesses?
Corporate efficiency programs offer businesses the means to alleviate risk and make their operations more effective. A risk management process helps by identifying risks within business processes and reducing them through effective risk mitigation strategies. Likewise, you can improve business efficiency through investment management firms that specialize in consulting services and corporate finance.
These organizations leverage financial resources to help businesses reallocate resources, streamline processes, and increase profits. By investing in a corporate efficiency program, companies have the potential to optimize their activities with less risk involved, resulting in higher profits for the company.
Why Is Corporate Efficiency Program Important
A corporate efficiency program is vital for companies to remain compliant, competitive and successful. These programs help companies with compliance and regulatory issues as well as enabling them to operate in an efficient way. The compliance program encourages organizational compliance with laws and industry regulations that are applicable to the business model.
Additionally, corporate efficiency programs allow businesses to minimize costs and make more informed decisions regarding their business model. It assesses current practices and identifies areas that need improvement to maximize productivity within the organization while also maximizing profits.
By embracing a corporate efficiency program, businesses can ensure they are up-to-date on compliance issues while also improving their bottom line by making sure work is done quickly, correctly and efficiently.
Does Corporate Efficiency Improve Efficiency of a Business?
Corporate efficiency is a necessity for today’s businesses as competition in the marketplace is tougher and fiercer than ever. High levels of efficiency allow companies to increase their profits and productivity while reducing costs and risks associated with outdated practices. By using technology automation, streamlining processes, and maximizing resources, businesses are able to achieve more with less.
As such, corporate efficiency helps organizations run smoother operations and ensures efficient use of resources so that the customer experience remains top-notch. With an optimized workflow and empowered employees driving business growth, corporations can set themselves up for long-term success.
Common Risks Associated With Assets
Let’s check out some common risks associated with assets:
Market risk
This is the risk of changes in market prices that can impact the value of an asset. An example would be a decline in stock prices due to macroeconomic factors like recession or inflation.
Interest rate risk
This refers to the risk posed by change in interest rates which may reduce the return on an asset. For example, higher interest rates may reduce the value of bonds as investors seek out other investments with higher returns.
Credit risk
This is the risk that a borrower will default on their debt obligation and fail to repay any money that is owed. It can be difficult to manage credit risks because it is impossible to predict when a borrower may default, so it is important to have adequate risk management procedures in place.
Liquidity risk
This is the risk that an asset cannot be easily converted into cash if needed. It can be difficult to manage liquidity risks because they are often unpredictable and not always foreseeable.
By understanding these common risks associated with assets, businesses can better manage their operational efficiency, financial efficiency and maximum efficiency by mitigating them. Risk management should be a priority for any business, whether large or small. It is important to understand the risks associated with your assets in order to ensure that you are taking all steps necessary to protect them from potential losses.
Ways in which Corporate Efficiency Programs Protect Profits
Here is how it protects profits:
Accounts Receivable Turnover
Corporate efficiency programs help to ensure that accounts receivable turnover is optimized. This means that the accounts receivable are paid in a timely manner, reducing the risk of debtors defaulting on payments and improving the cash flow. It also helps to manage accounts receivables more efficiently by identifying any issues or accounts that may require further attention.
Mitigating Risk
Corporate efficiency programs help to mitigate risk by analyzing the accounts receivable and accounts payable data. This helps in identifying potential areas of risk exposure and taking corrective action before losses are incurred. Investment managers also use these programs to gain a better understanding of the company’s accounts and investment portfolios, allowing them to make smarter investment decisions.
Cutting Costs
Corporate efficiency programs can help to reduce overhead costs by automating manual tasks and streamlining processes. This allows businesses to save money on labor costs while improving the quality of their services. The programs also allow investment managers to identify cost-cutting opportunities within the company’s investment portfolio.
Compliance Guidelines
Corporate efficiency programs enable businesses to adhere to compliance guidelines and regulations more effectively. This helps asset managers to ensure that the investment portfolios meet all regulatory requirements and remain compliant with industry standards. The programs also help investment managers stay up-to-date with changes in compliance guidelines, thus avoiding potential costly penalties and fines.
In summary, corporate efficiency programs are beneficial for investment managers as they can help to protect profits, mitigate risk, reduce costs, and ensure compliance with regulatory guidelines. By investing in these programs, investment managers can improve their business efficiency and maximize returns on investment.
Benefits of the Corporate Efficiency Program
Here are some more advantages of corporate efficiency program:
Improved Productivity
By improving the efficiency of businesses, corporate efficiency programs can lead to improved productivity and better results. This in turn can help increase profits and create more successful business operations.
Reduced Overhead Costs
By implementing a corporate efficiency program, businesses can reduce their overhead costs by improving the way they manage their resources. For example, by improving the way they use energy and other resources, businesses can save money in the long run.
Increased Employee Morale
Improving efficiency also helps to increase employee morale. By improving the way businesses operate and manage their processes, employees feel more engaged and motivated which can lead to increased productivity and better work outcomes.
Faster Growth
By improving the way businesses manage their resources, corporate efficiency programs can help to speed up growth. This is because increasing efficiency leads to increased profits, which gives businesses more money to reinvest into new initiatives or expand operations further.
Improved Quality
Improving efficiency also helps to improve product and service quality. By improving the way processes are managed, businesses can ensure that their products and services are of the highest standard possible, leading to improved customer satisfaction.
Overall, improving business efficiency through corporate efficiency programs provides many advantages for businesses. From improved productivity and cost savings to better employee morale and quality improvement, it is an effective way for businesses to improve their operations and create better outcomes.
Conclusion
A corporate efficiency program is the best way to improve your business and make it run smoother. Not only will this help protect your profits, but your asset value and compliance risks will be improved as well. If you want to learn more about how we can help you with your corporate efficiency program, contact us today. We would be happy to discuss what options are available to you and how we can tailor a program specifically for your company’s needs. Don’t wait – an efficient business is a profitable business!

January 18, 2023
The Ins and Outs of Energy Benchmarking in New York City

Are you considering investing in sustainable energy solutions for your building? Or do you need to reduce the amount of power it’s using and manage its associated costs? If so, benchmarking may be just the tool for you. Energy benchmarking is a way to track and compare your buildings’ energy usage—and are even mandated by law here in New York City! In this blog post, we explore the ins and outs of energy benchmarking: what it means, how to use it effectively, and some inspiring stories from businesses around NYC leading by example. Read on if you want to join them – get started with understanding what energy benchmarking is all about today!
What Is NYC Benchmarking?
NYC Benchmarking is an energy efficiency standard set by the City of New York for energy and water consumption for large buildings. Building owners are required to annually track energy and water usage in their properties, submit this data to a recognized energy tracking platform, and receive an energy efficiency grade that measures energy performance relative to other buildings in New York City.
This allows owners to observe energy usage trends over time and make modifications as needed to improve energy efficiency and save money on energy bills while inspiring positive behavior changes that lead to a healthier environment. NYC Benchmarking provides building owners with valuable insights into their energy performance in order to promote energy savings and lessen our carbon emissions.
How To Comply With NYC Energy Benchmarking
Complying with NYC energy benchmarking requirements is an effective way to improve energy performance, save energy and money, and increase the energy efficiency of your building. Every building in the city must have a current energy efficiency score based on energy use metrics like energy and water use, HVAC systems, etc., as well as a relative Energy Efficiency Score indicating energy usage relative to similar buildings in NYC.
To calculate your energy efficiency score, use the energy benchmarking tool to input energy data from your utility bills for 12 consecutive months. Once you’ve completed the input process for one year of data, you will receive a report demonstrating which areas need improvement and how much those improvements could save you in energy costs. With this report as your guide, you’re ready to start optimizing your energy efficient building design to help meet compliance requirements and maximize cost savings.
Requirements For NYC Energy Benchmarking?
New York City’s energy benchmarking requirements mandate that energy consumption and energy efficiency scores of certain buildings must be tracked using Energy Star Portfolio Manager. Owners and tenants must track their energy consumption usage in the building throughout the year, allowing them to understand their energy usage and identify potential savings through energy efficiency initiatives.
By regularly monitoring energy consumption, owners are empowered with data-driven insights that can inform decisions around energy efficiency strategies with tangible performance metrics to measure success. While energy benchmarking can often reveal opportunities to improve energy efficiency, NYC’s energy benchmarking requirements help drive accountability from stakeholders across the city and actively seek measurable change for a more sustainable future.
The ins and outs of energy benchmarking in New York City
New York City has an intricate and active building energy efficiency system in place to improve the energy performance of its public and private sector structures. This system, called energy benchmarking, helps building owners understand how much energy their building uses and incentivizes them to reduce emissions by creating an opportunity to compare building data with a standard group of similar buildings.
Through this process, building owners can identify building systems that are inefficient or not operating as intended. Implementation of these improvements is essential for success under the city’s Energy Star program. This program further encourages building owners to reach annual energy efficiency by performing an energy audit. With improved building performance, building owners have experienced positive economic outcomes in addition to helping reduce New York City’s impact on climate change.
Deadline For New York City Benchmarking Report
Meeting the July 1st deadline for New York City’s annual Benchmarking Report may be a challenge this year, but the city is ready to rise to the task. The report measures energy and water performance of buildings 50,000 square feet or larger.
This data helps New York City engage with tenants and owners about energy efficiency and conservation projects to help reduce their environmental footprint. Fortunately, meeting the deadline doesn’t necessarily require working late – convenient online tools make it easier to collect and submit data on time. With a little work, the Benchmarking Report can be completed on schedule!
Benefits Of NYC Benchmarking Report
Here are the benefits of the NYC benchmarking report:
1. Understand how your building performs compared to the local market: The benchmarking report provides an overview of how your property’s energy and water performance measures up against similar buildings nearby. This can help you determine if it is performing as expected, or if there are areas where further improvement is needed.
2. Identify potential savings opportunities: By comparing your building’s performance against similar buildings, you may be able to identify areas in which your property can reduce its energy and water use, thereby reducing operating costs.
3. Keep track of changes over time: The benchmarking report allows you to track changes in your property’s energy and water performance over time, so that you can see how your building is performing compared to similar buildings in the local market.
4. Demonstrate your commitment to sustainability: Benchmarking reports are a great way for owners and developers to demonstrate their commitment to sustainability by publicly disclosing their energy and water performance. This provides transparency and sets an example of best practices for other buildings in the area.
5. Meet local and regulatory requirements: Many cities, including New York City, have implemented benchmarking laws which require building owners to disclose their energy and water data annually. By using a NYC benchmarking report, you can ensure that your property meets all of the local and regulatory requirements.
6. Access expert advice: By working with experienced professionals, you can access expert advice and guidance on how to improve your building’s energy and water performance. This can help you identify cost-effective measures that will have a positive environmental impact and lower operating costs.
7. Improve tenant satisfaction: By improving your building’s energy and water performance, you can create a healthier and more comfortable environment for tenants. This can lead to increased satisfaction and loyalty among tenants, resulting in higher occupancy levels for your building.
8. Enhance the value of your property: By taking steps to improve your building’s energy and water performance, you can enhance its marketability, attract new investment, and increase the overall value of your property.
Overall, a NYC benchmarking report can be an invaluable tool for building owners, developers, and tenants alike. By providing an overview of how your property is performing compared to similar buildings in the local market, you can identify potential savings opportunities and access expert advice on how to make improvements that will benefit both the environment and your bottom line.
Step-By-Step Guide To NYC Energy Benchmarking
Understanding energy benchmarking for NYC buildings is essential for any energy audit! The process can seem intimidating, but it doesn’t have to be. If you break it down into a few simple steps, you’ll have the data and information that you need in no time. First, gather all necessary documents and check the building’s utility meter, which will provide essential energy usage history statistics.
Second, register your building online with the EPA’s ENERGY STAR Portfolio Manager in order to participate in the benchmarking process. Third, enter all available data into Portfolio Manager, which will generate two important documents: a Building Summary Report and an Energy Performance Score.
Finally, use both documents to understand current levels of energy efficiency and measure improvement over time. With these easy steps, understanding NYC Energy Benchmarking is just around the corner!
Why is New York City Energy Benchmarking Important?
New York City energy benchmarking is a critical step in improving environmental sustainability. It provides crucial data on the consumption levels of electricity and other energy resources across multiple buildings within the city. This helps identify structures with high electrical consumption and overall inefficiencies.
Having access to this information empowers NYC to create tailored strategies that reduce carbon footprints, reduce utility bills, and decrease potential detrimental impacts to the environment. Additionally, benchmarking allows for communities to make informed decisions when implementing new regulations or engaging in sustainability initiatives. With New York City’s commitment to becoming more eco-friendly and efficient, energy benchmarking is an essential step toward attaining those goals.
Tips For Complying With NYC Energy Benchmarking
Here are some tips for complying with NYC energy Benchmarking:
1. Take inventory of energy use: Know how much energy your building consumes by benchmarking it against similar buildings in the area using EPA’s Portfolio Manager tool. This will allow you to track and compare your building’s performance over time, identify potential inefficiencies, and set goals for improvement.
2. Analyze data and set goals: Analyze your identified inefficiencies and develop a plan to address them. Set realistic goals for improving energy efficiency and consider using an Energy Management System (EMS) to monitor, manage, and analyze the data.
3. Implement energy efficient measures: Invest in energy-efficient improvements such as lighting retrofits, HVAC upgrades, insulation, and other energy efficiency measures. Be sure to analyze their return on investment (ROI) before investing.
4. Engage and educate tenants: Encourage tenants to reduce their own energy use by providing tips and resources for conservation. Educate them about the building’s sustainability goals and how they can help meet them.
5. Monitor performance: Continually monitor your building’s energy use and strive to improve efficiency. Track progress with regular benchmarking reports, and use the data to inform future investments and improvements in energy efficiency.
Conclusion
Energy benchmarking is a great way to save money and energy in NYC. If you own a property or run a business in New York City, you should definitely consider energy benchmarking. It’s easy to do and it could save you a lot of money in the long run.

January 11, 2023
Utilize Los Angeles Benchmarking Metrics

As Los Angeles businesses increasingly strive to utilize benchmarking metrics to maximize productivity and profitability, it’s important to create a defined process for implementing a successful strategy.
Benchmarking is an essential tool for keeping up with industry trends, measuring the performance of individual teams, improving customer service levels, and ultimately driving growth in the company.
Los Angeles benchmarking can be difficult as numerous factors relating to demographics, geography, and resources must all be taken into portfolio manager account when evaluating success.
By establishing a precise method that details how data should be collected, analyzed, and used in the decision-making process, companies will have more clarity on their results and objectives so they can make wise business decisions moving forward.
In this blog post, we’ll explore why creating designated processes specifically tailored for Los Angeles are imperative for optimal performance.
What Is Los Angeles Energy Benchmarking?
Los Angeles has a unique program called EBEWE, or Existing Buildings Energy & Water Efficiency Program, that is making strides in revolutionizing energy efficiency. EBEWE requires all existing large multiple buildings to be benchmarked annually. This data is then reported to the City and is used to analyze energy usage trends over time and contribute to emissions reduction goals.
EBEWE also ensures that owners of larger commercial buildings subject receive full disclosure of their property’s energy use with actionable steps they can take to reduce their emissions. EBEWE is an innovative way for the City of Los Angeles to help combat climate change, increase awareness about environmental sustainability, and promote energy efficiency in privately owned buildings.
What Are The Requirements For Los Angeles Energy Benchmarking?
If you own a commercial building in Los Angeles, then you likely need to comply with the requirements of the city’s energy benchmarking law. This law requires property owners to run data quality checkers and report detailed energy consumption data to the Department of Water & Power (LADWP).
In order to meet these requirements, property owners must enter their information into an online database called Energy Star Portfolio Manager. This system will generate a score for each property based on how much it uses compared to another associated building.
Once all necessary information is entered and documented, property owners must submit this data by June 1st of every year so officials can analyze it. With this program, they hope to reduce overall energy consumption and promote more environmentally friendly practices in L.A.
Who Is Required To Comply With The LA Energy Benchmarking Law?
The Los Angeles Energy Benchmarking Law requires that commercial buildings larger than 20,000 square feet and residential buildings with five or more units comply with city-mandated energy tracking.
This law seeks to promote accountability from large-scale building owners so they are aware of their energy consumption, use of renewable energy, and carbon emissions. All building owners must measure and report the energy performance of their property through an online tool managed by the City’s Department of Water and Power each year.
The online system also allows building owners to track their progress over time and make informed decisions about efficiency upgrades for their properties.
As one of the largest cities in the nation, LA has a key role in setting a national benchmark for tracking energy consumption levels within its residential and commercial infrastructure – compliance with this law is necessary for progress toward cleaner living environments.
Step-To-Step On How To Create A Defined Process For Los Angeles Benchmarking
Los Angeles benchmarking is a great way to track performance objectives and help achieve organizational goals. It is not always an easy task, but with clear guidance and a comprehensive framework, it can be made much easier.
By following several steps including identifying performance indicators, setting goals, data gathering and analysis, decision making, and creating feedback loops you can create a successful benchmark for your organization.
Starting by carefully analyzing the current process in place helps ensure that the new system will improve on what has been done before and provide measurable results. The decision then needs to be made on which metrics need to be used in the new system in order to best track progress over time.
Once proper data has been collected from both internal sources and outside competition it must then be analyzed for areas of strength and weakness so that effective strategies can be designed for the optimization of resource use.
Finally, a feedback loop should be created so that changes can be tracked moving forward with any adjustments being quickly implemented. Following these steps ensures that an effective process can be established for benchmarking in Los Angeles while continuing the pursuit of ever-improving performance objectives.
Benefits Of Creating A Defined Process For LA Benchmarking
Let’s check out the benefits of creating a defined process for LA benchmarking:
Improved Efficiency
Having a standard process for benchmarking helps to ensure that all utility data is collected in the same way, making it easier to analyze and draw conclusions. This saves time and money, allowing businesses to focus on more important tasks.
Increased Accuracy
By using a consistent process for benchmarking, you can be sure that the data collected is accurate and reliable. This reduces the risk of errors and misinterpretations which could lead to inaccurate conclusions.
Higher Quality Results
With a well-defined process, benchmarks can be more reliable and provide a better foundation for decision-making. This leads to improved quality results that could help to identify areas of improvement or opportunities for further development.
Easier to Stay Up-to-Date
By having a standard process in place, it’s easier to stay on top of the latest trends and technologies, allowing businesses to stay ahead of the competition.
Overall, creating a defined process for LA benchmarking can help ensure more efficient and accurate data collection and analysis, leading to higher quality results that can be used to better inform decision-making. It also makes it easier to stay up-to-date with the latest trends, helping businesses to stay ahead of the competition. All in all, having a well-defined process for LA benchmarking can be an invaluable asset to any business.
When Is The Los Angeles Energy Benchmarking Report Due?
The Los Angeles Energy Benchmarking Report is due by July 1st of each year. This benchmark report provides an assessment of the energy usage for commercial and multifamily buildings larger than 20,000 square feet and municipal buildings over 10,000 square feet in an effort to identify how energy can be used more effectively in buildings across the city.
The Earth Engineering Center helps to manage this program and encourages owners of such buildings to submit their annual benchmarking reports on time so that valuable insights about energy efficiency can be used to create actionable plans towards sustainability.
Local property owners have a unique opportunity to combat climate change through their participation in this program, making energy benchmarking a priority activity well worth participating in.
What Are The Penalties For Non-Compliance With The Los Angeles Energy Benchmarking Law?
The Los Angeles Energy Benchmarking Law sets out certain standards for commercial and residential buildings that aim to reduce energy use.
If these benchmarks are not met or if reports are not properly submitted, then those responsible can face consequences from the city of Los Angeles. Penalties start with a warning letter demanding corrective action and if that is not taken, misdemeanor charges can follow.
A monetary fine of up to $2,500 may also be applied along with community service hours and any other terms deemed necessary by the court. In overall compliance summary statistics, it is vital to adhere to the provisions set out by this law as non-compliance could mean costly penalties for those involved.
How Can The Lack Of A Defined Process Lead To Inaccurate Or Incomplete Data Sets?
Without a defined process, it’s impossible to ensure accuracy and completeness in data sets. Without checkpoints and clear steps outlined, vital information might mysteriously disappear or irrelevant details may accidentally be included.
As the number of potentially inaccurate data sets increases, organizations can end up making decisions based on unreliable sources. This leads to expensive mistakes that could have been prevented by having a well-defined process for gathering information in the first place.
Moreover, recognizing areas where there is a lack of process and taking action to create one is key to avoiding costly problems down the line. To ensure accuracy and completeness, we must always consider creating processes so that all data sets are as accurate and reliable as possible.
What Could Be The Potential Consequences Of Faulty Benchmarking Information
Many businesses rely on benchmarking data to help inform decisions, plan for the future, evaluate their progress, and spot opportunities. However, if this data is flawed or inaccurate, it can lead to serious consequences.
Companies could make costly investments in infrastructure or services that don’t add value to their business because of incorrect data. Management might think they’re performing extremely well or worse than expected when the truth is far from either of those assessments.
Blind reliance on misrepresented benchmarking information could result in delayed reactions and missed opportunities as a company fails to stay agile and up-to-date with market trends. Ultimately, faulty benchmarking data runs the risk of damaging a business’s reputation and creating lasting repercussions.
How Should We Go About Creating A Defined Process That Will Produce Accurate And Reliable Data Sets?
In order to create consistent, reliable data sets, we must implement a rigorous process that focuses on accuracy and precision. This process needs to include steps that ensure quality control of the data being collected, as well as providing guidance for evaluating whether the results are accurate. We also need to ensure that there is transparency in the manner results are stored and presented so users know exactly where information has been sourced from.
Furthermore, the process should build robust validation checks and include tools for efficient cleaning and formatting. Finally, analysts must be held to the highest standards and trained adequately in order to produce trustworthy data sets. By focusing on quality over quantity when building these processes, ultimately our goal will be achieved: developing accurate and reliable datasets every time.
Conclusion
Implementing a defined process for benchmarking is essential to the success of any business. By understanding how your company compares to others in your industry, you can make informed decisions that will help improve your bottom line. If you’re not sure where to start, we can help. Our team of experts has developed a comprehensive guide that walks you through the entire process, step-by-step. With our easy-to-follow blueprint, you can create a customized benchmarking plan that fits your unique business needs. Ready to get started? Contact us today and let us show you how easy it is to take your business to the next level with benchmarking!

December 29, 2022
Investing in Energy Benchmarking

Why You Should Invest In NYC Energy Benchmarking To Reduce Your Carbon Footprint
As the world continues to face an uncertain and ever-changing environment, it is becoming increasingly important for businesses of all sizes to reduce their carbon footprints. One cost-effective way for companies in New York City (NYC) to do this is by investing in energy benchmarking. NYC’s Energy Benchmarking law has made it easier than ever before for building owners and tenants to monitor, compare, and improve their energy performance. With all the potential benefits that come from investing in benchmarking solutions, it’s a great opportunity for any company looking to go green! In this blog post we will explore why NYC Energy Benchmarking is key for your business operations and how you can begin taking advantage of its environmental advantages today.
What is NYC Energy Benchmarking?
NYC Energy Benchmarking is a mandatory energy efficiency program requiring certain buildings in New York City to track and submit energy use data on an annual basis. Buildings that participate in energy benchmarking are provided with energy efficiency ratings, giving owners insight into how their building compares to similar ones.
The overall goal of the local law is to improve the energy efficiency of NYC buildings throughout the five boroughs by providing comprehensive, actionable data that helps identify and reduce energy and emissions performance.
Leveraging the ENERGY STAR portfolio management tool, cities across the country can monitor progress and improve efficiency in thousands of public and private buildings at once.
NYC Energy Benchmarking is ultimately a cost-saving practice for landlords and building owners looking to make their property more efficient- friendly for both tenants’ wallets and our planet!
What are NYC Energy Benchmarking Requirements?
New York City has set out energy benchmarking requirements to help reduce the city’s pollution levels, which have had a devastating effect on public health and the environment. NYC Energy Benchmarking is a voluntary program that helps building owners understand the energy use of their buildings in comparison to similar buildings, setting targets for energy efficiency improvements.
This program requires that each year buildings over 25,000 sq ft track each and submit their annual energy and water usage with the intention of creating awareness of how much energy their buildings use. Owners then can compare their buildings’ energy performances throughout time with EPA ratings from over 5000 commercial buildings.
If a certain building is found to be an inefficient use of resources, NYC Energy Benchmarking provides suggestions on how to improve its performance in order to help reduce emissions and save money. All data is then used by the city as aggregate data only, reducing privacy concerns so authorities can assess the emission profiles of individuals or groups of buildings.
Through this program, New York City not only reduces its own carbon footprint and saves its renewable energy but other cities adopt these practices and are inspired by New York’s leadership in this effort thus leading to global impact.
Benefits of Investing in NYC Energy Benchmarking
New York City buildings account for nearly 75% of the city’s carbon emissions, making energy efficiency through benchmarking a critical factor in fighting climate change. Investing in NYC Energy Benchmarking can provide a significant return on investment by reducing energy costs and creating a healthier living environment.
For commercial buildings, it can mean improved occupancy rates from tenants who value eco-friendly options, better leasing deals as new efficiency measures lower energy bills even further, and tax incentives provided by the New York State Energy Research and Development Authority.
Property managers also benefit from an easy-to-use online system to compare their buildings’ performance with similar properties and receive energy efficiency grades based on their energy savings efforts.
NYC Energy Benchmarking is an important step towards achieving greater sustainability at both an individual building level as well as community-wide.
Reasons to Invest in NYC Energy Benchmarking
Leverage Data for Real Estate Investment:
Benchmarking provides real estate owners and investors with data that can be used to make informed decisions. Real estate owners can use benchmarking data to compare their building’s energy performance against similar buildings, identify opportunities for improvement, and prioritize investments.
Improve Property Value:
Benchmarking can help improve property value by increasing overall efficiency and enhancing tenant comfort. Owners have the opportunity to demonstrate their commitment to energy efficiency, which has become an increasingly important factor for tenants when selecting the property.
Reduce Operating Costs:
By benchmarking a building’s performance and identifying opportunities for improvement, owners can reduce operating costs. The data provides insight into potential cost savings and the ability to target investments towards areas of greatest return.
Reduce Greenhouse Gas Emissions:
Benchmarking helps reduce greenhouse gas emissions by providing real estate owners with data that can inform operational decisions. By understanding energy use in their buildings and setting goals for improvement, owners can take action to reduce carbon dioxide emission levels.
Maximize Subsidies & Incentives:
Benchmarking can help owners maximize their access to subsidies and incentives offered by energy service companies, energy efficiency programs, and local governments. Depending on a building’s performance, owners may be eligible to receive funding or tax credits.
Attract Eco-conscious Tenants:
NYC Energy Benchmarking provides an opportunity for owners to demonstrate their commitment to sustainability and attract tenants who prioritize energy efficiency. Owners can use the data to demonstrate their building’s performance in comparison with industry standards and showcase the improvements they have made.
Meet Legal Obligations:
NYC Energy Benchmarking is a legal requirement for buildings over 25,000 square feet in NYC. It’s important that owners comply with the law and submit their reports on time to avoid potential fines. Benchmarking also helps owners meet other legal obligations related to energy efficiency, such as the Carbon Emission Reduction Requirement.
Demonstrate Leadership:
Benchmarking provides owners with a powerful platform to demonstrate their commitment to energy efficiency. By investing in NYC Energy Benchmarking, owners can demonstrate their leadership to the market and gain recognition for their achievements. This will help them stand out from the competition and attract eco-conscious tenants.
By investing in NYC Energy Benchmarking, real estate owners and investors can capitalize on data to make informed decisions, improve property value and reduce operating costs, maximize subsidies and incentives, attract eco-conscious tenants, and meet legal obligations. Investing in benchmarking is an essential step for real estate owners to succeed in the changing market.
How NYC Energy Benchmarking Can Lower Your Carbon Footprint?
City-wide efforts to reduce carbon emissions are a must in the fight against climate change, and the New York city council is leading the way. Through NYC energy benchmarking, they are making new requirements that existing buildings need to meet regarding their heating and cooling systems.
By better understanding the energy and water usage of these buildings, owners have the data points needed to make informed decisions about new efficient equipment installations and timely repairs that improve efficiency.
These changes can significantly help lower the carbon footprint in New York City because less energy is being used which also reduces greenhouse gas emissions from power plants. In addition, it saves businesses money on their utility bills every month!
As NYC continues to invest in this practice, we’ll all be able to benefit from cleaner air, reduced costs, and a healthier planet.
How Building Owners Can Use NYC Energy Benchmarking To Increase Energy efficiency?
Building owners in New York City have the ability to increase their energy efficiency with NYC Energy Benchmarking. This program, put forth by the New York City Department of Buildings provides covered buildings with the resources to reduce their carbon footprint and save money.
By using this program covered building owners can access a wealth of knowledge on data-driven recommended investments, distributed energy resources, and ways they can measure their success.
NYC Energy Benchmarking allows building owners to identify where their buildings are wasting energy, understand their economic and environmental gains from implementing energy efficient solutions, as well as tracking progress over time.
With this invaluable information covered building owners will be able to save money while helping protect the environment.
How To Get Started With NYC Energy Benchmarking?
NYC Energy Benchmarking is a great way for building owners for reducing greenhouse gas emissions of their buildings while simultaneously reducing energy costs.
It requires an owner with an online NYC Buildings account to first log into the website and supply basic information about their building, including the address and borough.
The next step is uploading certain documents, including an energy report and electricity bills, then viewing your building’s initial energy score—generated by combining reported details on square footage, number of buildings, thermostat capacity, etc.—and comparing it against peer buildings.
NYC Energy Benchmarking projects power bill reductions of up to 10% each year when reducing energy use by 20%. Start reducing your energy footprint today with NYC Energy Benchmarking!
Conclusion
NYC energy benchmarking is an important step towards reducing your carbon footprint and saving on energy costs. By understanding how much energy your building uses, you can make informed decisions about how to reduce consumption and save money. And, by reducing your building’s energy use, you’ll also be doing your part to help the environment. If you’re interested in learning more about NYC energy benchmarking or would like help getting started, we’d be happy to talk with you.

December 27, 2022
Los Angeles energy benchmarking program

Residents of Los Angeles have the opportunity to gain insight into their energy consumption—and their role in climate change—through energy benchmarking. A tool developed by cities like Los Angeles, it allows users to compare the performance of buildings and businesses when it comes to energy efforts and emissions tracking. This makes it easier for everyone involved to understand opportunities for improved efficiency, as well as changes that could be made on a smaller scale that drastically impacts larger-scale success. In this blog post, we take an in-depth look at how Los Angeles’s energy benchmarking program prospers and why city residents should take advantage of its offerings.
Los Angeles Energy Benchmarking
Los Angeles is leading the charge in revolutionizing a sustainable future through the Energy Benchmarking and Disclosure for Existing Commercial Buildings (EBEWE) program. Requiring all existing large multiple buildings to be benchmarked annually and reported to the City, EBEWE provides homeowners of these properties with full disclosure of their respective energy usage, helping them make responsible decisions toward reducing emissions.
For example, owners can access actionable steps for lowering their building’s carbon footprint. Not only does EBEWE assist in analyzing energy trends over time and contribute to emissions reduction targets chosen by the local government, but it also serves to encourage an environmental consciousness within residential communities.
By making energy efficiency more accessible and tangible, Los Angeles is laying down an inspiring path other cities can follow toward improving the planet’s future.
Requirements For Los Angeles Energy Benchmarking
Owning a commercial building in Los Angeles is a one-of-a-kind opportunity, and with that comes a unique responsibility – to comply with the city’s energy benchmarking law. This law requires detailed energy consumption data to be reported by property owners directly to the Department of Water & Power (LADWP).
As a result, property owners have access to the Energy Star Portfolio Manager – an online database designed for convenient and efficient benchmarking. This system will generate scores for each property based on how much energy it uses compared to an associated building.
All relevant information must be entered and properly documented by June 1st of every year, so officials can review and evaluate current usage data. By complying with this program, property owners are helping reduce energy consumption for a more sustainable future for us all!
What Is Los Angeles Energy Benchmark Compliance?
Los Angeles Energy Benchmark Compliance is a citywide initiative to improve the sustainability and energy efficiency of buildings. Through innovative energy management and reporting practices, this program helps reduce the consumption of electricity, natural gas, energy, and water in buildings, helping them meet their energy savings goals and save money. From small apartment buildings to large office towers, all commercial properties are required to comply with LA’s requirements for benchmark compliance.
This data-driven approach ensures that building owners have accurate information on their total energy usage so they can make well-informed decisions about how best to conserve. By increasing our knowledge of how our built environment performs under real operating conditions, Los Angeles Energy Benchmark Compliance is working to ensure a more sustainable future for us all.
How Does Los Angeles Benchmarking Work?
Benchmarking in Los Angeles is designed to help improve the performance of companies in the region. The process involves collecting and analyzing data on key indicators, such as capabilities, procedures, processes, and costs associated with a company’s operations.
Companies then compare their results against others within their own industry or compare them to a group of peers. These comparisons are used to create goals that lead to improvements through better practices and more efficient practices over time.
As part of the benchmarking process, Los Angeles businesses use cost-benefit analysis to identify how changes can be implemented quickly and profitably. In other words, benchmarking provides businesses with an opportunity to imitate proven practices from peer companies in order to achieve greater success.
Who Is Required To Comply With The LA Energy Benchmarking Law?
Since the enactment of the LA Energy Benchmarking Law, numerous organizations have been required to abide by its regulations. Any non-residential building exceeding 20,000 square feet must comply, as well as any multifamily space that has five or more units and meets certain criteria.
Furthermore, any residential building with over 20 units must follow the law. All participants must regularly report their energy data so that their progress can be tracked over time as a measure of efficiency and improvement. Adherence to the LA Energy Benchmarking Law is not just a civic duty, but an important step toward environmental sustainability and preservation.
Benefits Of LA Energy Benchmarking
Here are the benefits of LA energy benchmarking:
Improved Sustainability
Energy benchmarking helps identify areas for improvement in energy efficiency, enabling organizations to better understand their environmental impact and reduce their carbon footprint. Benchmarking also allows companies to track progress against established sustainability goals.
Cost Savings
By understanding where energy is being used or wasted, benchmarking can help organizations identify cost-saving opportunities. This information can be used to develop more efficient systems and practices, resulting in greater savings on energy bills.
Improved Compliance
LA’s benchmarking program requires the tracking and reporting of energy use data, which helps companies stay compliant with local ordinances and regulations.
Increased Awareness
Energy benchmarking helps foster a culture of energy efficiency within organizations. By understanding and tracking their energy use, employees can become more aware of how their practices affect greenhouse gas emissions. This awareness can help them to make better decisions and take ownership in reducing the environmental impact of their workplace.
Increased Transparency
Energy performance data collected through LA’s benchmarking program is available publicly, providing transparency to stakeholders and customers. This information gives customers greater insight into the sustainability of an organization, which can improve customer loyalty and trust.
Overall, LA energy benchmarking helps organizations reduce their greenhouse gas emissions, save money on energy bills, stay compliant with local regulations and increase transparency to customers. With the benefits of LA energy benchmarking, it is easy to understand why so many organizations are becoming more committed to sustainability.
Step-To-Step Guide On How Los Energy Benchmarking Performs
Los energy benchmarking is a process that provides energy performance ratings for commercial and multifamily buildings based on energy consumption. This energy performance rating system helps building owners and managers track the building’s energy efficiency, compare the energy use of similar buildings, identify potential areas of improvement, and develop strategies for energy consumption reduction. The following guide outlines the steps involved in energy benchmarking for commercial and multifamily residential buildings.
Data Collection
The first step of energy benchmarking is to collect energy consumption data from the building’s energy utility bill, energy audit, or energy management system (EMS). This energy data can be used to determine a baseline energy performance rating.
Benchmark Analysis
The energy data is then analyzed to gain insights into energy use patterns and energy consumption by different building systems. This analysis helps identify energy-saving opportunities.
Energy Performance Rating
After analyzing the energy data, a performance rating is assigned to the building based on how efficiently it manages energy use compared with similar existing buildings.
Develop Strategies and Action Plans
Once energy performance ratings are established, the next step is to develop energy-saving strategies and action plans. This includes assessing energy efficiency retrofit opportunities, energy management systems upgrades, and energy policy development.
Monitor Progress
The energy benchmarking process should also include a periodic review of energy consumption data to ensure that energy savings goals are met. This helps identify any energy management issues that need to be addressed.
Energy benchmarking not only provides energy performance ratings, but it also helps building owners and managers develop energy-saving strategies, track energy use patterns, and reduce energy consumption over time. By following these steps, commercial and multifamily buildings can achieve improved energy efficiency and lower energy bills.
By utilizing energy benchmarking, commercial and multifamily buildings can not only reduce energy consumption but also save money. By making energy efficiency improvements and developing energy-saving strategies, building owners and managers can significantly reduce energy costs while providing a more comfortable living or working environment. This is why energy benchmarking is becoming increasingly popular in the commercial and multifamily building sector.
When Is The Los Angeles Energy Benchmarking Report Due?
The Los Angeles Energy Benchmarking Report is a yearly commitment for property owners of commercial and multifamily buildings larger than 50,000 square feet and municipal buildings over 10,000 square feet of gross floor area in the city.
Completing this report by June 1st each year provides invaluable insight into the effectiveness of energy usage, helps the Earth Engineering Center develop actionable plans towards sustainability, and gives local owners an opportunity to become part of the solution to climate change.
Owners are therefore encouraged to submit their reports early so that more collective progress can be made in energy efficiency.
What Are The Penalties For Non-Compliance With The Los Angeles Energy Benchmarking Law?
The Los Angeles building Energy Benchmarking Law is an important legislation set at the city level to reduce energy use in commercial and residential buildings. What many may not know is that failure to comply or not submitting reports can result in serious consequences.
In cases of non-compliance, the first step taken by the City of Los Angeles is a warning letter demanding corrective action – if it goes ignored, misdemeanor charges may follow along with fines up to $2,500; an amount that can easily add up with additional community service hours depending on the judge’s ruling.
For this reason, those affected should be sure to meet all obligations outlined in the law and stay informed on any changes or notices from local authorities to avoid facing penalties for non-compliance.
How To Submit Los Angeles Benchmarking Report?
Submitting the Benchmarking Report for Los Angeles is simple, efficient, and green! All you need to do is create an online profile with the City of Los Angeles Performance Reporting website. Then you can easily find and submit your report in a standard online form. For easy access, you can also start the Benchmarking survey process by calling toll-free from anywhere in Southern California. Finally, if the paper is more your style, you can request a paper version of your report from their customer service department. Once your report is completed, simply mail it to their address for review and submission. Submitting the Benchmarking Report has never been easier!

December 23, 2022
Local Law 84 Benchmarking Report
Are you a business in NYC feeling overwhelmed by the number of compliances to adhere to the Benchmarking Report, famously known as Local Law 84? Don’t fret – we’re here to help! Here at [insert your business], we guide businesses in understanding baseline year energy consumption and easily submitting their report.
Our experts will provide detailed insights regarding the best practices for energy reduction and provide exemplary support throughout the process. With our assistance, you can be sure your building is taking all measures to save energy, and money, and contribute towards mitigating climate change! Join us today on this journey of creating a more sustainable future!
What Is Local Law 84?
Local Law 84 (LL84) is bringing about positive change to building efficiency in New York City. A part of the Greener, Greater Building Plan, LL84 requires two or more buildings on a single lot over 100,000 square feet to report their energy and water usage each year through benchmarking data. This helps owners and tenants better understand how they can make energy-saving changes through energy audits, enabling them to reduce their use and impact on the environment.
Every person in all five boroughs of NYC has the opportunity to be a sustainability hero by submitting these annual energy reports. LL84 provides the platform for real results that can amplify sustainability efforts across the entire city—we just need to make sure we’re utilizing it!
How Can Building Owners Track The Building’s Energy Efficiency?
Building owners in New York have an essential responsibility: they must use an energy benchmarking tool to measure, track and report their building’s energy and water consumption.
For Local Law 84 Compliance, the ENERGY STAR Portfolio Manager tool is utilized to generate an ENERGY STAR score, as well as the Building’s Energy Efficiency Rating or Energy Grade corresponding to NYC’s Local Law 95. In cases where tenant space is differently metered by a utility company, building owners must also submit their tenant-metered energy/water data.
Non-compliance with each of these landmark regulations carries with it hefty quarterly fines, so it is paramount that all building owners understand and adhere to their requirements.
What Are The Effects Of Ll84 On ROI?
The LL84 has the following effects on ROI:
Increased Energy Savings
The LL84 requires buildings to meet specific energy efficiency standards, resulting in lower energy costs and associated savings for owners. This can lead to improved return on investment over time.
Improved Comfort Levels
Higher efficiency standards mean greater comfort levels within a building, leading to increased productivity and tenant satisfaction which can also lead to increased ROI.
Increased Marketability
Buildings that comply with LL84 standards can be more attractive to prospective tenants due to their energy efficiency, which means owners may be able to charge higher rents and receive better returns on their investments.
Reduced Operating Total Cost
Lower utility bills resulting from the improved energy efficiency of a building can also lead to reduced operating costs, which can improve ROI.
Increased Property Value
The improved energy efficiency resulting from the LL84 standards can also increase the value of a building in the long term, leading to higher returns on investments.
Overall, implementing LL84 standards in buildings can lead to improved returns on corporate finance in the long run. By incurring initial costs for achieving LL84 compliance, owners can benefit from reduced energy bills, increased rents, and improved property values, leading to greater returns over time.
Requirements For Ll84 Energy Benchmarking
The requirements for Local Law 84 energy benchmarking are essential for ensuring efficient energy use across New York City. Complying with the requirements of this law not only makes a substantial impact on reducing carbon emissions but also creates a more cost-effective way to manage energy resources.
All NYC buildings larger than 50,000 square feet are required to track their energy and water use every year and submit the information in an online portal run by the NYC Department of Buildings. By making sure you understand these simple requirements, you can easily help your building and the city advance toward sustainable energy solutions!
Who Should Comply With LL84 Energy Benchmarking?
The Local Law 84 energy benchmarking process is an important step in helping New York City create a more efficient and sustainable future. All buildings that are over 50,000 square feet and have been certified for occupancy for at least one year must comply with the law’s provisions.
This includes commercial office spaces, residential rental properties, hotels and motels, shopping malls and centers, hospitals, nursing homes, and other large-scale institutional spaces. The LL84 requirements help property owners keep track of their buildings’ energy performance while providing them with the opportunity to reduce their energy costs through improved efficiency. By adhering to this law, we can all be part of the larger effort to make New York City greener and more efficient.
Benefits Of Benchmarking Energy Consumption
Let’s check out the benefits of benchmarking energy consumption:
Improved Efficiency: Benchmarking energy consumption helps to identify areas where efficiency gains can be made, helping to reduce overall energy usage and costs. This is especially beneficial for large organizations with complex systems or multiple buildings.
Reduced Emissions: By tracking and reducing energy use, companies can reduce their environmental impact by reducing greenhouse gas emissions. This helps organizations meet their sustainability goals and combat climate change.
Increased Awareness: Benchmarking energy consumption raises awareness of how energy is used, encouraging employees to make more conscious choices about their own usage and promoting green initiatives within the company.
Enhanced Competitiveness: Having a clear understanding of energy consumption can give organizations an edge when competing for resources and contracts. This is especially true in competitive markets, where customers may be looking to do business with the most energy-efficient organization.
Improved Performance: Benchmarking can help identify areas of underperformance and allow energy managers to address them before they become bigger issues. This helps organizations save money while also ensuring that they are running at peak efficiency.
Cost Savings: By tracking and reducing energy consumption, organizations can save money by lowering their overall energy bills. In addition, benchmarking helps identify areas where equipment upgrades or other changes may be necessary to reduce energy costs in the long run.
Compliance with Regulations: Governments and other regulatory bodies often require organizations to track and report their energy consumption. Benchmarking can help ensure that these requirements are met, helping to avoid costly fines or other penalties.
In short, benchmarking energy consumption can provide numerous benefits for businesses, from improved efficiency and reduced emissions to cost savings and enhanced competitiveness. As environmental regulations become increasingly strict, it is more important than ever for organizations to take steps to reduce their energy consumption. Benchmarking helps make this easier and can help most companies save money in the long run.
Penalties For Non-Compliance With The LL84 Energy Benchmarking
In New York City, non-compliance with Local Law 84 Energy Benchmarking can be costly for commercial building owners. Fines range from $500 to $2,000 a day and the building does not follow LL84 regulations. The violation persists every day and the correction of the issue is overdue until compliance is achieved. If a property is determined to be in violation of the law for six months or more, the environmental administrator will refer it to the Environmental Control Board, and hefty fines can result based on the severity of the offense. Building owners must ensure their properties meet LL84 compliance requirements to avoid costly penalties due to their actions.
How To Get Started With Ll84 Benchmarking In Your Business?
Here is how you can start with Ll84 benchmarking in your business:
Identify the areas that need improved energy efficiency in your business. This includes equipment, lighting, heating, and cooling systems, and other areas where energy is used.
Analyze the current energy usage of each area in order to determine how much can be saved by making changes or upgrades.
Set goals for each area and create an action plan to reach the goals. This action plan should include specific tasks, timelines, and responsibilities for achieving the energy efficiency goals.
Train staff on how to perform lead generation and benchmarking activities and ensure that they are well-versed in the process of collecting data, analyzing it, and reporting findings.
Analyze the data collected to find areas where energy is being wasted and make improvements accordingly. This can include replacing outdated equipment or making upgrades to existing systems.
Monitor the company’s sales progress on a regular basis and adjust goals as needed to ensure that the desired outcomes are achieved.
Report findings to management and relevant stakeholders and use the results to plan further action.
Following these steps will help you get started with LL84 benchmarking in your business, enabling you to make improvements that can save energy and money. With regular performance reviews and evaluations, your business can reap the rewards of increased efficiency and reduced energy costs over time.
Case studies of businesses that have benefited from ll84 benchmarking
Step-To-Step On LL84 Benchmarking And Its Affect on ROI
Measure Your Business’s Current Financial Performance
To mark a good benchmark for your content marketing programs’ performance in the business world, you need to have a baseline measurement of where you currently stand. This can be done by reviewing financial records, customer satisfaction surveys, and other data sources that measure the success of current operations.
Analyze Key Performance Indicators (KPIs)
By understanding which KPIs are most important for your business, you can then use them as a comparison tool to measure changes in performance over time. KPIs such as customer satisfaction scores, return on investment (ROI), cost per acquisition, and employee productivity should be regularly monitored and tracked in order to accurately assess the impact of any changes.
Set Goals and Objectives
Once you’ve determined your current performance, set goals for improvement and create an action plan with measurable objectives to achieve them. Make sure that these objectives are realistic and achievable in order to maximize the ROI from your efforts.
Implement Changes
Based on the data gathered from benchmarking, implement changes to improve the performance of your business. For example, if you’ve identified a weak area in customer satisfaction, focus on addressing that issue by improving customer service or providing more products or services tailored to customer needs.
Monitor Progress
Lastly, it is important to track progress and measure the success of any changes made. Keep an eye on your KPIs and make adjustments to ensure that you are achieving the desired results.
By properly benchmarking efforts and tracking performance, you can measure the success of changes made over time, maximize ROI and ultimately improve the overall performance of your business. It is important to regularly review key metrics and use data to inform decisions in order to ensure that your business is reaching its full potential. With a thorough understanding of the LL84 benchmarking process, you can more accurately measure and improve the performance of your organization — all while increasing ROI.
December 12, 2022