The benefits getting your property CSP certified
After nearly a decade and close to 2,000 certifications, the 乐竞体育赛事直播庐 Certified Sustainable Property (CSP) program is recognized as a leading green certification program. In the last two years, the program has grown by more than 30%, demonstrating its value to building owners, investors, and property managers.
The Journal of Property Management (JPM庐), recently spoke with . Some highlights are below.
Earning the CSP gives property owners and managers like Charles Cayce, CPM庐 of IvenTrust Property Management the opportunity to showcase performance in sustainability efforts and efficiencies that have already been implemented. The certification reflects best practices in sustainable programs, making it a crucial part of a company鈥檚 ongoing operational strategies.
Another important feature is the role that CSP plays in ESG reporting like GRESB. For Robert McGuiness of Kite Realty Group, the certification helps align property management practices with corporate responsibility goals, providing a structured framework for engaging tenants and merchants in sustainability efforts. The CSP has guided his company鈥檚 policies on new installations like LED lighting and electric vehicle charging stations by emphasizing sustainability at the property level, which eventually contributes to Kite's broader ESG objectives and enhances results on the GRESB Real Estate Assessment, as well as other reporting frameworks.
Industry experts like Chris Corsten of EBI Consulting recommend the CSP program to clients because its focus on key areas like energy, water, waste, health, and procurement help property managers prioritize where they can make the biggest impact in their sustainability efforts. In addition, he points out that obtaining CSP certification can also help property owners streamline their application process for other, more expensive or complicated energy-saving certification programs.
CSP certification is popular in the multifamily sector because of its flexibility. Many multifamily properties struggle with existing certifications due to limited access to whole-building data, but the CSP program evaluates properties using available utility data. According to Hannah Tillman of Berkshire Residential Investments, the CSP is not only an affordable and effective certification option that attracts and retains residents, it also helps educate property management teams on sustainability best practices.
Beyond operational improvements, the CSP certification gives property managers the ability to showcase their commitment to sustainability to investors and stakeholders. The transparent certification process supports ESG reporting, further contributing to a property鈥檚 overall performance and reputation in the marketplace.
Read the entire , or learn more about the CSP program.