Greenomics and Greentrepreneurs in India
“Greenomics and Greentrepreneurs: Element Analysis and Cost Efficiency of Green Buildings in India”
Executive Summary
Property investors and developers are constantly seeking new strategies to deliver sustainable buildings that attract tenants and buyers while maximizing “green value.” Investments in green buildings can produce measureable financial value, such as increased rental rates and asset value, reduced risk of depreciation, and higher tenant attraction and retention rates. Meanwhile, occupants want buildings that help them attract and retain the best talent, foster collaboration and innovation, and increase employee productivity and well-being. At the same time, they need to reduce operating costs, energy use, and environmental impacts. All of these factors help organizations meet corporate social responsibility goals. India is the second largest populated country of the world. The construction and expansion of cities in India is mostly unplanned. For the sustainable development in India there is a dire need to conserve natural resources. There are many ways to conserve resources, but this study emphasis on grass root level conservation. This is possible only when everybody realise its responsibility. Increased market demand and clear financial rewards, coupled with mounting government regulations and shareholder pressures, provide multiple incentives to own and occupy highperformance green buildings that leverage innovation and deliver triple bottom line value throughout the entire building life cycle. The strategies outlined in this document will provide ideas on how to make green buildings perform on all levels—from profitability to sustainability, and everything between.
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Literature Review
Many works have been done on different aspects and impacts of green Building. Brief review of literature is carried out for a better understanding of the topic. A recent survey by U.S. Green Building Council shows that many of its members
Executive Summary
Property investors and developers are constantly seeking new strategies to deliver sustainable buildings that attract tenants and buyers while maximizing “green value.” Investments in green buildings can produce measureable financial value, such as increased rental rates and asset value, reduced risk of depreciation, and higher tenant attraction and retention rates. Meanwhile, occupants want buildings that help them attract and retain the best talent, foster collaboration and innovation, and increase employee productivity and well-being. At the same time, they need to reduce operating costs, energy use, and environmental impacts. All of these factors help organizations meet corporate social responsibility goals. India is the second largest populated country of the world. The construction and expansion of cities in India is mostly unplanned. For the sustainable development in India there is a dire need to conserve natural resources. There are many ways to conserve resources, but this study emphasis on grass root level conservation. This is possible only when everybody realise its responsibility. Increased market demand and clear financial rewards, coupled with mounting government regulations and shareholder pressures, provide multiple incentives to own and occupy highperformance green buildings that leverage innovation and deliver triple bottom line value throughout the entire building life cycle. The strategies outlined in this document will provide ideas on how to make green buildings perform on all levels—from profitability to sustainability, and everything between.
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Literature Review
Many works have been done on different aspects and impacts of green Building. Brief review of literature is carried out for a better understanding of the topic. A recent survey by U.S. Green Building Council shows that many of its members
References: 1. www.igbc.in 2. Adarsh Associates 3. http://www.grihaindia.org/index.php?option=com_content&task=view&id=30 4. www.ghrihaindia.org 5. Suzlon office in pune gets US green building certification http://www.deccanherald.com/content/66762/suzlon-office-pune-gets-us.html 6. KBLs Office is India’s 2nd greenest building http://www.constructionweekonline.in 7. Statistics (Page 4) - http://gbindia.wordpress.com/green-buildings/ 8. LEED 2011 for India - NC 9. http://www.tatamotors.com/sustainability/CSR-09/pdf/environment.pdf 10. http://www.igbc.in/site/igbc/certifiedbuildings.jsp?start=150&down=23451 11. http://upload.wikimedia.org/wikipedia/commons/8/88/Tata_motors_Pune_plant_1 315.jpg 12. http://www.greenbuildconsult.com/books/ 13. https://www.google.co.in/search?q=pune%20marriott&aq=f&sugexp=chrome,mod %3D8&um=1&ie=UTF 8&hl=en&tbm=isch&source=og&sa=N&tab=wi&ei=__NuUOzrHJDirAfq44DgDw&biw =1366&bih=624&sei=GvRuUJqWH8nirAeVsICYAg 14. http://www.igbc.in/site/igbc/tests.jsp?event=22869 15. https://www.google.co.in/search?q=TATA+MOTORS+PUNE&um=1&hl=en&tbm=isch &source=lnt&tbs=isz:m&sa=X&ei=NfFuUPgGInorQeD3YHgDQ&ved=0CCIQpwUoAg&biw=1366&bih=624 74 | P a g e 16. http://www.greenbusinesscentre.com/site/ciigbc/greenbuild.jsp?servid=184667 17. http://www.google.co.in/search?q=pune+marriot+green+building&oq=PUNE&sugex p=chrome,mod=8&sourceid=chrome&ie=UTF-8 18. Heerwagen, J. (2000), “Green buildings, organizational success, and occupant productivity”, Building Research and Information, Vol. 28 Nos 5/6, pp. 353-67. 19. Leaman, A. (2003), “User needs and expectations”, in Cole, R. and Lorch, R. (Eds), Buildings, Culture and Environment, Blackwell Publishing, Oxford, pp. 154-76. 20. Leaman, A. and Bordass, B. (1999), “Productivity in buildings: the ‘killer’ variables”, Building Research and Information, Vol. 27 No. 1, pp. 4-19. 21. Usable Buildings Trust (2008), Building Use Studies: 2-page Occupant Questionnaire 2008: Probe or Workplace Version, Usable Buildings Trust, York. 22. Sadhguru Jaggi Vasudev: "Dhyanalinga: The Silent Revolution", Isha Foundation, 2000, ISBN 978-81-87910-00-8 23. Fuerst, Franz; McAllister, Pat. Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Property Values. 2009. [ Retrieved: November 5, 2010] Hawken, P., Lovins, A., Lovins, L. 2000 24. http://www.green-e.org/your_e_choices/ca.html, April 2003. Data compiled by the US Environmental Protection Agency 25. Cole, R.J., Robinson, J., Brown, Z. and O’Shea, M. (2008), “Re-contextualizing the notion of comfort”, Building Research and Information, Vol. 36 No. 4, pp. 323-36. 75 | P a g e Glossary of Acronyms A number of acronyms are referred to or used in this report. They are spelled out below, and when they first appear in the text. ASHRAE – American Society of Heating, Refrigerating, and Air-Conditioning Engineers ARB – Air Resources Board (CA) BEPAC – Building Environmental Performance Criteria (Canada) BEES – Building for Environmental and Economic Sustainability BIDS – Building Investment Decision Support BOMA – Building Owners & Managers Association BREEAM – British Research Establishment Environment Assessment Method C&D – construction & demolition CBA – cost benefit analysis CO2 – carbon dioxide EIA – Energy Information Administration (US) EPA – Environmental Protection Agency FEMP – Federal Energy Management Program GHG – greenhouse gases GW(h) – gigawatt (hour) = 1 billion watts HVAC – heating, ventilation and air conditioning IAQ – indoor air quality IEQ – indoor environmental quality IFMA – International Facilities Management Association IPCC – Intergovernmental Panel on Climate Change IPMVP – International Performance Measurement & Verification Protocol kW(h) – kilowatt (hour) = 1000 watts 76 | P a g e