Energy Distinction

By on Apr 9, 2019 in Energy, News

Yardi has long been proud to provide energy-related technical services to clients with the aim of improving efficiency, lowering costs and meeting sustainability benchmarks. The company gained a measure of its impact this month in the form of an ENERGY STAR® Partner of the Year Award in the service and product provider category.

The award signifies that Yardi demonstrates exemplary leadership, innovation and commitment to environmental protection by instituting ENERGY STAR values, tools and resources within the industry, and its own operations.

Since 1992, ENERGY STAR and its partners have helped American families and businesses save more than $450 billion and over 3.5 trillion kilowatt-hours of electricity while also achieving broad emissions reductions. The EPA co-manages ENERGY STAR, a voluntary program that helps consumers and businesses save money and protect the environment through the adoption of energy-efficient products and practices. Past ENERGY STAR Partner of the Year Award recipients include familiar companies such as JPMorgan Chase & Co., Northwestern University and HP Inc.

“This award reflects our clients’ success in using ENERGY STAR resources to achieve their corporate and community sustainability goals. We are proud of those achievements and look forward to helping our clients and the industry gain even more benefits from ENERGY STAR,” said Anant Yardi, founder and president of Yardi.

“Energy efficiency is a core component of our mission as a real estate technology provider. We thank the EPA for this high honor and will continue applying technical innovation to current and emerging industry challenges,” said Akshai Rao, vice president of energy and procurement at Yardi.

Yardi’s ENERGY STAR-related initiatives in 2018 that the EPA evaluated included:

  • Benchmarking more than a thousand buildings in ENERGY STAR Portfolio Manager® in 27 compliance jurisdictions every month. Yardi also benchmarked other properties in non-compliance areas for other programs
  • Documenting its real estate clients’ success in using energy optimization software to maximize efficiency and reduce costs. One example is SL Green, New York City’s largest office landlord, which used intelligent energy optimization software from Yardi to increase the ENERGY STAR score for one of its properties from 48 to 76. SL Green also won the 2018 Earth Building of the Year Award from BOMA NY
  • Sponsoring the BOMA Water and Waste Challenge Program, which helps property managers track, gather and analyze data. Yardi solutions supported W2 participants by automating data capture and generating insightful reports. One client, Kilroy Realty Corporation, reduced water use at a Class A building by 30%
  • Promoting ENERGY STAR value propositions like higher occupancy and rent, increased asset values, actionable benchmarking information and favorable impressions among investors. The company did this through webinars, industry trade shows and publications, client user conferences, executive briefings, corporate blog posts and other activities
  • Earning ENERGY STAR certification for its corporate headquarters in Santa Barbara, Calif.
  • Working with EPA to improve ENERGY STAR Portfolio Manager software functionality in such areas as building energy performance measurement and reporting

Yardi will receive the ENERGY STAR Partner of the Year Award at a ceremony in Washington, D.C., on April 11.