BOMA W2 Challenge

Water + Waste Reduction Effort

By Joel Nelson on Jan 19, 2018 in News

A grant from Yardi is helping owners and managers of hundreds of properties improve water and waste management practices in a Water and Waste Challenge program sponsored by the Building Owners and Managers Association International.

The W² Challenge is a two-year initiative designed to benchmark water and waste consumption and associated costs, and then develop new best practices for improvement. This year is dedicated to establishing a baseline using ENERGY STAR^® Portfolio Manager^® and 2019 will be focused on implementing performance improvements. Seventeen hundred properties signed up for the program so far.

“Owners, operators, tenants and investors all have a stake in maximizing a building’s performance, and interest in the program has exceeded all expectations. The W² Challenge is a unique opportunity to gain full understanding of water consumption and waste management, and take the industry’s sustainability efforts to the next level,” said Ken Rosenfeld, director of state and local affairs for BOMA International.

“The program’s tips, tools and resources can help participants compare their performance to that of their peers, identify opportunities for improvement and reduce operating costs. Participants will also earn recognition for their leadership on this issue, including visibility at a future BOMA International Conference & Expo, use of the program logo and the opportunity to be featured as success stories that will be published in BOMA publications.”

The Yardi Smart Energy Suite provides tools that can help building owners and operators obtain maximum value from the W² Challenge, starting with automated data capture. For example, Yardi Utility Expense Management captures cost and consumption data directly from utility company invoices and Yardi Utility Billing allows companies to recover utility costs directly from tenants through submeter installation, maintenance and data administration services.

Once the data is easily captured, building operators use Yardi E2 Insight to track all costs and consumption for insightful, actionable reporting, ensuring efficient management of individual meters or entire portfolios. Yardi also offers ENERGY STAR benchmarking services to help our clients navigate Portfolio Manager, saving time and hassle while getting the benefits of benchmarking.

Learn more about BOMA’s W² Challenge, which is open to all building owners and managers—participants don’t need to be members of BOMA, and properties can be from any commercial building sector.