Sustainable building certification systems
Building sustainable building certification systems are essential tools used by stakeholders in the construction and real estate sectors to meet high standards of quality and sustainability. For developers and financial institutions, these certifications provide a reliable way to ensure that buildings meet advanced environmental and performance criteria. This not only reduces investment risk but also enhances the value of the building. Some studies suggest that investors are willing to pay 19 % more for an office building with green certifications relative to a comparable non-certified building. [1]
Occupants, such as tenants and building owners, use certifications to ensure that their buildings offer a healthy indoor environment and efficient use of resources, leading to better living and working conditions and lower operational costs. Real estate brokers rely on these certifications to offer clear, measurable data on a building’s environmental impact and overall performance, making it easier to compare properties and make informed decisions.
Building managers use certification systems to improve the efficiency of their buildings, which can lead to significant savings in maintenance and energy costs. Additionally, government bodies and municipalities adopt these systems to set high standards for public buildings, aiming to achieve strong socio-economic and environmental outcomes that comply with regulations and support sustainable development.
[1] Vlad-Andrei Porumb, Gunther Maier, Ion Anghel, The impact of building location on green certification price premiums: Evidence from three European countries, Journal of Cleaner Production, Volume 272, 2020, 122080, ISSN 0959-6526.