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25

Creating an environment that facilitates disclosure

• Widespread participation

- In order for the tool to

drive retro-commissioning, upgrades and green building

financing, it needs to be widely perceived as consistent

and hence must be based on a large number of sufficiently

representative buildings. Given the gravitation towards

regulatory measures at the stakeholder engagement

consultation, an effective means to achieve this is to

include clauses in the EAC or template that encourages (or

mandates) reporting and benchmarking.

• Metering

– Buildings need to be sufficiently sub-metered

to gain insight into its operations. Initial feedback from

the EAC reporting of EMSD indicates that a lot of buildings

are inadequately sub-metered. The level of resolution

should distinguish energy usage among major classes of

CBSI. If sub-metering is not possible, appropriate methods

of energy modelling to make estimations are needed.

One Island East: Swire Properties Limited

has successfully benchmarked,

re-commissioned and retrofitted its building stock.

Case Study

Reporting and Benchmarking in New York

• Annual reporting through "Portfolio Manager"

since 2009 - Measure the building's energy and

water use with an online benchmarking tool.

• Significant reduction possible:

• If all buildings improve to 50th percentile

20% GHG reduction

• If all buildings improve to the 75th percentile

33% GHG reduction

• Access to accurate information is an issue

• Automatic uploading from utilities; and

• Explore with utilities ways to offset the

cost of installing smart meters for better

breakdown.