Given the strong market value of a LEED rating, does the CMP Green Value Score treat this value appropriately?
The Standard provides credit for a LEED rating up to 15% of the total possible points under the 100 point CMP Green Value Score. These 15 possible points reflect the intangible benefits attributed to a LEED-certified asset for marketing/PR benefits, market positioning, and also address the positive intangible environmental benefits embedded within LEED points that are not called out specifically within the Standard. The Standard is predominantly focused on identifying and attributing tangible financial attributes that impact value pertinent to the financial community – energy / water efficiency differentials along with indoor environmental quality. As such, the Standard places 85% weight on tangible value factors. Because specific tangible LEED points play a large component of the Standard scoring matrix, the asset market value from attaining a LEED certification is higher than these 15 points due to these tangible attributes being “baked into” the scoring system.
