February 19, 2010
In developing a sustainability strategy plan for your portfolio the blue print starts with determining the overall sustainability goals of the organization and identify initiatives are already in place to address sustainability.
A contributing factor to company’s overall corporate social responsibility strategy is for the CRE professional would be to bring the real estate perspective by:
- Evaluating the financial and environmental impact of capital investment decisions focused on resource consumption and carbon efficiency
- Outsourcing non-core services to ‘green, cleantech’ providers
- Streamlining and ‘greening’ departmental workflows
- Automating corrective and preventive maintenance schedules and alerts to maintain facilities at peak resource and energy efficiency
- Establishing carbon disclosure reports and creating sustainability scorecards
- Exploring the feasibility and benefits of alternative and renewable energy sources (solar, wind, geothermal, hydroelectric, Co-generation, etc.)
By achieving greater efficiency of business workflows and facility operations, carving out occupancy costs and implementing environmental sustainability measures not only makes good business sense but, it’s the right thing to do for the environment.
What do you think?
February 15, 2010
Because ‘you can’t manage what you can’t measure’, it is critical to articulate the key performance indicators (KPIs) to determine if you’re making progress to achieve success.
These KPIs become the “gauges on your dashboard.” Research has indicated that some of the primary corporate real estate KPIs are:
- Cost/Square Feet (SF)
- Cost/Full-time equivalent (FTE)
- % Owned, % Leased
- % Occupied, % Vacancy
- % Cost of Company Revenue
What are the gauges on your dashboard?
February 13, 2010
This is first post from a newly formed real estate advisory firm, “CRE3 Consulting.”
CRE3 provides solutions for corporate and commercial real estate organizations to address the Efficiency, Economics and Environmental Sustainability of their portfolio of leased and owned facilities.
It is our hope to utilize this blog as a forum to share thoughts/ideas and solicit comments about topics impacting corporate/commercial real estate professionals today.
We’d like to start the dialogue by asking, “what are the most critical questions being asked of you by your company’s senior management?”
It’s been our experience that, in today’s economy, it is likely to be:
“What is our total cost of occupancy?”
“How can we reduce it?”
“How can our portfolio of leased and owned facilities be managed in such a way where they meet our operational needs, contribute to the corporate social responsibility initiatives underway within our organization and take us closer to sustainability?”
We’d like to hear from you…..what have been your experiences?