BOMA Finds U.S. CRE Sector Makes Carbon Progress

WASHINGTON – The Building Owners and Managers Association International has released the first results of its Carbon Reduction Challenge, revealing the commercial real estate industry is making progress in reducing building emissions.

Hundreds of properties across the country are participating in the Challenge, and from 2022 to 2023, participating buildings experienced a year-over-year reduction in total emissions, emissions intensity, and total energy consumption. The take-away statistic: participating buildings in the U.S. reduced their total emissions by 3.84% in a single year.

The Carbon Challenge asks properties to benchmark their emissions in ENERGY STAR Portfolio Manager. The initiative includes an online decarbonization resource library that catalogs best practices from leading organizations and government agencies.

This initiative is designed to allow building owners and operators to determine what carbon reduction practices work best for their particular circumstances," said Don Davis, BOMA International Vice President for Advocacy and Building Codes.

BOMA International is committed to providing the global built environment with the tools needed to implement carbon reduction strategies that improve building performance, provide pathways to demonstrate building emission reductions, and ensure economic viability.

"This initiative is designed to allow building owners and operators the opportunity to determine what carbon reduction practices work best for their particular circumstances," said Don Davis, BOMA International Vice President for Advocacy and Building Codes. "We want to support ongoing voluntary efforts and recognize the successes of the commercial real estate industry in reducing carbon emissions in the built environment."

BOMA congratulates and thanks the properties participating in the Challenge for their demonstration of the commercial real estate industry's commitment to reducing carbon emissions on a voluntary basis. Registration remains open for new participants, and properties can be located anywhere in the world.
More information on the initiative can be found at www.boma.org/carbon.

The Building Owners and Managers Association (BOMA) International, founded in 1907, is a federation of U.S. local associations and global affiliates. The leading trade association for commercial real estate professionals, it represents the owners, managers, service providers and other property professionals for all commercial building types, including office, industrial, medical, corporate, and mixed-use.