Tuesday, April 24, 2012

Green Buildings = Benjamin Green!

The blog post excerpted and linked below references a new study demonstrating LEED certified bank branches generate more revenue and save the owner significant sums, per employee, on utility / energy costs.  Download / print a copy of the study to share with skeptical owners who ask whether LEED certification really adds value.

Keep in mind, also, that a design / construction team's ability to achieve LEED certification on a facility at a cost effective price is greatly enhanced if the team is BIM enabled and is further enhanced if the team is fully integrated.  I will add arguments based off this study to my ROI to the X power of IPD & BIM Solutions presentation.

In the study, called "The Relationship Between Corporate Sustainability and Firm Financial Performance," Conlon and Glavas found that:
  • PNC’s LEED rated facilities opened 458 more consumer deposit accounts and had over $3 million more in consumer deposit balances per facility per year over noncertified properties.
  • LEED rated facilities also opened 25 more consumer loan accounts and had almost $1 million more in loan balances per facility per year. The data also shows that financial performance at LEED rated facilities increased at a greater rate than at conventional facilities.
  • After controlling for other variables that influence performance (such as consumer net worth, employee demographics, market demographics, branch size and age and advertising spending), the sales at LEED-certified branches topped those at noncertified locations by $461,300 per employee.
  • Utility costs per employee in LEED branches were significantly lower than in the noncertified buildings, to the tune of $675 less per employee.
Also very interesting is what the study didn't find: Business account activity was statistically unaffected by whether the branch was LEED certified or not.

Read the whole thing.

Welcome to the Collaborative Revolution!
James L. Salmon, Esq.
Collaborative Construction
300 Pike Street
Cincinnati, Ohio 45202
Summary of Services and James L. Salmon's CV
Office 513-721-5672
Fax 513-562-4388
Cell 512-630-4446
Collaborative Construction Website
Sustainable Land Development International

1 comment:

Mary @ Foundation Drilling said...

Where can I download a copy of the study?