Burton Energy Group helps Staples reduce energy consumption in a 500,000-square-foot warehouse by more than 7 percent, with a predicted payback period of 2.4 years, through measures identified in an “Energy Reduction Treasure Hunt."
This 2-page factsheet summarizes the energy, operational, and property characteristics of retail stores benchmarking in Portfolio Manager. Other statistics are also presented in an easy-to-read format.
Do you have energy efficiency projects that have been postponed or rejected due to capital budget limitations, other projects with better returns, or lack of expertise? Yet, from your perspective the project should be a “no brainer” due to the immediate positive cash flows generated by the energy savings. Understanding your organization’s decision-making process, being able to effectively speak to the benefit of improved cash flow, and improving your financial literacy can greatly increase your probability of receiving approval for a project. The self-funding aspect of energy efficiency is often under-appreciated by senior management, and you want to be able to clearly address any questions, concerns, and benefits.
The ENERGY STAR score for retail stores applies to both retail stores and wholesale club/supercenters. The objective of the ENERGY STAR score is meant to fairly assess how a property’s energy use measures up against similar properties considering the climate and business activities. A statistical analysis of the peer population is performed to identify the aspects of property activity that are significant drivers of energy use and to normalize for those same factors. The result of this analysis is an equation that predicts the energy use of a property, based on its business activities. This prediction is compared to the property’s actual energy use to yield a 1 to 100 percentile ranking in relation to the national population of properties.
Staples has the distinction of being one of the first retailers to benchmark its entire portfolio of over 1,500 retail stores and 200 distribution centers. Even as the company’s building portfolio has grown, with total square footage increasing by over 6 percent in just the past three years, Staples has reduced its building portfolio-wide energy usage by more than 11.4 percent, and became the first retailer to earn ENERGY STAR Leaders recognition! Read this two-page fact sheet to find tips and strategies.