LBA Realty: Energy performance

Energy Performance
Average Annual % Improvement3.42%

Better Buildings Challenge Partners strive to decrease portfolio-wide source energy use intensity (EUI) and to increase the percent improvement compared to a set baseline. LBA Realty's portfolio consists of more than 35 buildings and 9 million square feet. Since 2013, LBA has improved energy performance by an average of 3.42% each year, with a cumulative improvement of 14%. Energy savings have been achieved by development of a "Sensible Sustainability Strategy", organizational and property level goals and development of asset by asset action plans for improving energy efficiency. 


Looking at the percent improvement in energy performance across all properties can provide insight into how an organization is saving energy.  LBA has achieved an energy performance improvement of greater than 15% at 14 properties. The properties that have experienced an increase in Source EUI have been targeted for future energy efficiency improvements. Property management teams are encouraged throughout the year to identify areas for improvement in regards to lowering energy cost and consumption through quarterly variance reports. Engagement with property teams, tenants and service providers in addition to benchmarking and tracking the data have resulted in the success of individual properties and the overall program.  


Property-level energy performance metrics, including EUI and percent improvement to date, are critical to track progress over time and identify opportunties for additional energy savings. LBA's portfolio consists of properties with a wide range of baseline EUI values, most of which are from 100 to 200 kBtu/sq. ft. The majority of properties have shown energy improvement since 2013, while the properties located near or below the 0% axis may present good opportunities for further savings.The majority of properties either showed energy improvement or avoided significant increases even while occupancy increased since 2013. LBA continues to identify opportunities for improvement and focuses on investing resources to perform retrofits and complete projects that will further improve energy performance at both the property and portfolio level.