ATLANTA, Dec. 2, 2010 /PRNewswire-Asia/ --
- CoreNet Global/DTZ Survey Finds That Environmental Metrics Are Not Tracked As Aggressively
Corporate real estate executives (CRE) collect and analyze - benchmark - property data in a variety of areas to improve efficiencies in their departments and companies. However, environmental practices are not benchmarked as actively, and a standard for comparing data would improve all benchmarking against internal departments and outside companies. These key findings were released today from a survey conducted by CoreNet Global and DTZ, the global real estate services firm.
Total occupancy costs and the total cost per person are collected and measured by a majority of the respondents, 87 percent and 82 percent respectively. Only approximately one-third of the respondents are collecting environmental metrics for portfolio benchmarking. For those corporations that are collecting the data, measures focus around CO2 and water consumption and the levels of non-recycled waste.
Comparisons within an organization are by far the most popular benchmarks undertaken by real estate professionals, with 81 percent saying that they compare data internally.
A high percentage of respondents (60%) revealed that they also benchmark against competitors; however, less than half of all respondents were able to identify how they captured competitor data. For those that do collect such data, the process tends to be ad hoc and informal, utilizing personal networks, internet searches and common service providers.
Stephen Fleetwood, Associate Director at global real estate adviser DTZ, said: "The low level of environmental benchmarking is at odds with the sustainability agenda, which is becoming an increasingly important factor in the development of corporate real estate strategies. Whilst some organizations are at least collecting CO2, water and waste data, the environmental agenda is rapidly evolving and companies will need to start looking at other metrics, such as how much of their power requirements are met by renewable energy and the impact of travel to work patterns and modes."
"Portfolio benchmarking is clearly of interest to CRE professionals," said Michael Anderson. "What we have learned from the study is that in order for CREs to achieve more meaningful benchmarks, they need an industry standard approach to data collection and analysis as well as greater access to both industry and company information."
The study was conducted in June 2010 of more than 200 CRE professionals from more than 140 companies around the world and across a wide range of sectors.
CoreNet Global is the world's leading association for corporate real estate (CRE) and workplace professionals, service providers, and economic developers. Our 6,500 members, who include 70% of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally.
For more information, visit http://www.corenetglobal.org.
DTZ is a global real estate services firm with offices in 140 cities and 42 countries (across Europe, Middle East and Africa, Asia Pacific and the Americas). The firm provides advice and on-the-ground delivery to investors, developers, corporate and public sector occupiers and financial intermediaries. DTZ works with clients across the breadth of their real estate needs, spanning all real estate sectors and encompassing Investment Agency, Leasing Agency and Brokerage, Property Management, Project Management and Building Consultancy, Valuation, Investment and Asset Management, Consulting, and Research. The parent company, DTZ Holdings plc, has been listed on the London Stock Exchange since 1987. http://www.dtz.com
