Focus on Sustainability
Franklin Street Properties' asset type, commercial buildings, can affect the environment in many different ways, from energy and water use to the materials consumed. We believe that reducing our environmental footprint and making smart choices about our actions maximizes long-term investor returns though lower property operating costs and higher tenant satisfaction.
FSP measures its sustainability progress using two nationally accepted standards: the Environmental Protection Agency’s and the U.S. Department of Energy’s ENERGY STAR program and the Leadership in Energy and Environmental Design (LEED®) rating system, administered by the U.S. Green Building Council.
The optimization of our energy use is a particular area of emphasis. Our portfolio includes buildings that are rated in the top percentile in the nation for energy efficiency. More than a third of FSP’s directly owned or asset-managed buildings have earned the ENERGY STAR label, signifying that their energy performance is among the top 25% of similar properties.
Through LEED, our properties have been recognized for superior site and water management, material use and indoor environmental quality. Approximately a quarter of FSP’s directly owned or asset managed portfolio has earned the LEED designation under the various rating systems.
FSP is continually seeking to increase the sustainable performance of properties in its portfolio. Successful strategies employed thus far have included:
- Plumbing fixture enhancements to reduce water usage
- Lighting fixture and lighting control upgrades for energy reduction. In many instances, we have benefited from local utility rebates, which further accelerated our payback on investment
- Waste diversion from landfills of consumable and durable goods, as well as waste from facility alterations
- Green cleaning programs and high efficiency air filters for enhanced property air quality
- Water savings through landscaping with low water use plantings as well as utilizing efficient irrigation systems
- Sustainable building hardscape, exterior management and integrated pest management plans to minimize the impact of the buildings’ operations on the surrounding areas
- Comprehensive energy audits and building systems commissioning to aid in identifying further areas for improvement