Indoor Air Quality, Health & Wellness Prepared for: BOMA National Advisory Council Brenna Walraven, Corporate Sustainability Strategies Dave Pogue, CBRE Simon Turner, Healthy Buildings Phil Williams, Delos Context for IAQ • • • Tenant Satisfaction, Retention & Recruitment Poor IAQ can impact Tenant perceptions, comfort and experience Tenants will increasingly require an IAQ program as market understands the benefits Risk Reduction Sound IAQ management practices minimize risk of occupant law suits Presence of IAQ program can reduce insurance costs Value Creation Anything well managed, including IAQ, lowers costs Satisfied Tenants tend to have higher lease renewal rates Market differentiation – Lend Lease in Australia leads with IAQ All of which drive higher NOI and Asset Value Context for IAQ • Approach LEED buildings have helped raise awareness Not just about energy efficiency and cost saving benefits Sound management plan for IAQ isn’t always noticed – but poor IAQ always is • Communicate the Value Proposition • Less toxins and odors is better Green cleaning, Low VOC finishes, Enhanced Filtration are better Air velocity is a double edged sword Tenant Satisfaction and Recruitment Value Creation Anything well managed, including IAQ, lowers costs Need to educate tenants/occupants – can’t always “see” what’s being done much less understand the benefits Tenants are always competing for talent 3/30/300 – Energy per SF, Rent per SF, Tenant Labor Cost per SF Allen JG, MacNaughton P, Satish U, Santanam S, Vallarino J, Spengler JD. 2015. Associations of Cognitive Function Scores with Carbon Dioxide, Ventilation, and Volatile Organic Compound Exposures in Office Workers: A Controlled Exposure Study of Green and Conventional Office Environments. Environ Health Perspect DOI: 10.1289/ehp.1510037 Allen JG, MacNaughton P, Satish U, Santanam S, Vallarino J, Spengler JD. 2015. Associations of Cognitive Function Scores with Carbon Dioxide, Ventilation, and Volatile Organic Compound Exposures in Office Workers: A Controlled Exposure Study of Green and Conventional Office Environments. Environ Health Perspect DOI: 10.1289/ehp.1510037 Allen JG, MacNaughton P, Satish U, Santanam S, Vallarino J, Spengler JD. 2015. Associations of Cognitive Function Scores with Carbon Dioxide, Ventilation, and Volatile Organic Compound Exposures in Office Workers: A Controlled Exposure Study of Green and Conventional Office Environments. Environ Health Perspect DOI: 10.1289/ehp.1510037 2. Center for the Built Environment, University of California Berkeley. (2007). The Impact of Ventilation on Productivity. Retrieved from http://www.cbe.berkeley.edu/research/briefs-ventilation.htm 3. Terrapin Bright Green LLC. (2012). The Economics of Biophilia. Retrieved from http://www.interfacereconnect.com/wp-content/uploads/2012/11/The-Economics-of-Biophilia_Terrapin-Bright-Green-2012e_1.pdf 1. US EPA Region 1. (2013). Questions About Your Community: Indoor Air. Retrieved from http://www.epa.gov/region1/communities/indoorair.html 1. US EPA Region 1. (2013). Questions About Your Community: Indoor Air. Retrieved from http://www.epa.gov/region1/communities/indoorair.html Allen JG, MacNaughton P, Satish U, Santanam S, Vallarino J, Spengler JD. 2015. Associations of Cognitive Function Scores with Carbon Dioxide, Ventilation, and Volatile Organic Compound Exposures in Office Workers: A Controlled Exposure Study of Green and Conventional Office Environments. Environ Health Perspect DOI: 10.1289/ehp.1510037 Context for IAQ • • • Risk Mitigation Approach Insurance Carriers always want to see a proactive plan and practice Attorneys always worry that even talking about IAQ opens up liability A consistent focus on maintaining IAQ, allows owners/operators to address deficiencies quickly and avoid train wrecks Document the Program Evidence of IAQ Program helps with insurers, litigators, tenants/occupants Also need evidence of executing the IAQ Program When there is a problem, address and document – shows prudent management Value Creation Well managed properties have lower operating costs (including lower insurance costs, fewer costs associated with IAQ mishaps) With a written IAQ Plan, Maintenance Program & Tracking, Supports LEED Certification and ability to “prove up” Good Management All of which reduces Risk and Costs Context for IAQ Value Creation • Approach Anything well planned, managed and documented lowers costs and improves results • • Communicate the Value Proposition Connect the IAQ Plan to Outcomes Differentiate your building, management company/ownership Value Creation Lower operating costs Fewer insurance claims and thus lower insurance costs Supports LEED certification and GRESB success Tenants & Occupants Care – Show them you do too
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