The BOMA BEST sustainable buildings certification program has been assisting building owners and managers in North America since 2005. Its main goal is to assess and enhance the environmental performance of existing buildings.
In 2023, the BOMA BEST 4.0 program will continue to focus on sustainability, including decarbonization, water, energy efficiency and more. Additionally, it will address resiliency and managing climate risk. (An essential component for all ESG strategies.)
A resilient future
Climate-resilience best practices is now a key area of focus for BOMA BEST 4.0 Sustainable. The Resilience and Site section has 10 or 11 questions that applicants must answer. These questions are about climate hazards, resilience strategies, capital planning, critical systems maintenance, and innovation. The number of questions depends on the type of building.
Meeting the challenge
Real estate investment firms’ ESG and operations teams are already tasked with providing credible data to meet existing ESG reporting and regulatory requirements. Now, to meet the new BOMA BEST 4.0 Sustainable requirements, the importance of credible climate-risk data—that includes credible Climate Value at Risk in dollar amounts—and actionable resiliency plans, matters more than ever.
Fortunately, a downloadable report from ClimateFirst simplifies the reporting process for resiliency—both for many existing ESG frameworks and programs, like BOMA certification). A ClimateFirst report identifies climate risks, quantifies them financially, and provides plans to increase resilience and meet site requirements.
Planning to certify a building with the BOMA BEST 4.0 Sustainable program? Reach out to learn how ClimateFirst can help.