Why did the CMP Green Value Score weight the EPA ENERGY STAR score as the greatest factor of value?
The EPA ENERGY STAR program is a government-based program that is based on an asset’s energy performance using an asset’s actual trailing 12-month energy use profile which is benchmarked against a statistically relevant database. Energy use and associated expenses are a significant component of financial value as is an asset’s exposure to future energy price increases and/or price volatility. ENERGY STAR is set up to quickly and easily score an asset on a 1-100 relative scale compared to this statistically relevant peer group. This score is a valid measure of an asset’s energy performance which is one attribute that makes up an asset’s ‘green’ profile. ENERGY STAR is electronic-based and immediately scalable to handle the high volume of inquiries the capital markets will require to implement this Standard. Climate Neutral is of importance to reducing asset-specific grid demand, encouraging onsite renewable energy applications, promoting entry into long-term renewable energy contracts,
