Setting sustainability targets for your real estate portfolio? Measurabl allows you to analyze progress towards customizable goals and targets with the release of the Targets feature!
Targets allows you to set absolute or intensity-based targets, and the progress of your performance is visualized on a graph against that sustainability goal. You can add any number of targets across your portfolio or subgroup for energy, water, carbon, and waste diversion goals. Follow the guide below to get started!
HOW TO ADD TARGETS:
- Login to Measurabl
- Navigate to the “Analytics” tab
- Click on "Targets" header
- Click "Add New Target" and fill out your target’s details in the form (Target Name, Metric, Target Type, Desired Outcome, and Baseline and Target Years)
- Click the “Save” button
Measurabl will produce a graph of your target’s performance to date. The x-axis represents the duration of the target period from the baseline year to the target year. The y-axis indicates the target’s metric units (kWh, therms, MTCO2e, etc.) and the target type (intensity-based or absolute).
The target graph is composed of 3 lines:
- Actual Performance: the portfolio’s actual usage plotted from the baseline year to the current year
- Projected Performance: the projection of your performance based on the average annual change of your historical performance, starting from your baseline year
- Target Performance: the ideal performance, calculated by taking the difference between your target and baseline performance, then dividing it by the number of years within the target period
Click on this guide for more on our Targets Calculation Methodology.
Who can add and delete targets within a portfolio?
Both Portfolio Managers and Members can add, edit and delete targets.
Who can see targets created within a portfolio?
Everyone in the parent portfolio can see targets created. This includes portfolio managers, portfolio members, and site managers.
What is the baseline year?
The baseline year is the starting point for your goal; the year from which we calculate your percent increase or decrease in your chosen metric.
What is the target year?
The target year is the year by which you’d like to achieve your goal.
Why do my targets default to a certain metric type? How do I change them?
The units for the different target metrics (energy, water, waste, carbon) are determined based on your default metrics. To change your default metrics, navigate to your account profile and adjust your metric preferences.
What buildings are included in the target? Can I change this?
By default, all buildings in your portfolio are included in your target. You can change this to include ONLY like-for-like buildings by selecting that filter when creating a target.
What metrics are supported?
Energy, Water, Waste Diversion, and Carbon
What do I do if I don’t have data for a baseline year?
If your baseline year does not have 12 months of data, Measurabl will alert you and allow you to enter in your baseline performance amount for the baseline year that you specified.
How is the percent (%) complete calculated?
Percent Complete = (Baseline - Current)/(Baseline - Goal)
What are the different target types and what do they mean?
There are two types of targets you can track: Intensity-Based and Absolute.
Intensity targets specify a change in one metric in relation to another metric. For example, say you want to reduce your greenhouse gas emissions intensity from overall energy consumption by 45% per square foot (kgCO2e / sq ft) by 2025, this would be classified as an intensity target.
Absolute targets specify changes that are measured in units (i.e. “We have a target to reduce carbon emissions by 40% by 2030, relative to a 2013 base year").
Can I set targets for subgroups?
Yes! Targets can be set at the subgroup-level. The data for the target will only pull from the buildings that belong to that subgroup.
Who can add subgroup-level targets?
Subgroup Managers (this person has the same level of access as the Portfolio Manager for that subgroup), and Subgroup Members. Site Managers cannot add targets for subgroups.
Will my targets at the portfolio-level be visible at the subgroup-level?
No. Targets set at the portfolio-level are only accessible at the portfolio-level.
Targets set within the subgroup are also only accessible from within that subgroup.
Can I set like-for-like targets?
Yes! You may now add like-for-like targets by adding the like-for-like filter when creating or editing a target. Available at both the portfolio-level and subgroup-level.
How do you define like-for-like?
Like-for-like targets are defined as:
- The building was owned for the entirety of the target period (from the baseline year to present)
The building was fully operational for the entirety of the target period
e.g. no major renovations or construction events took place
The target metric (energy, water, waste, carbon) had continuous data for the target period
e.g. if I’m setting an energy target, I have to have 12-months of energy data for every year of the target period
Can I change targets I've already created to include like-for-like?
- Yes! You can go into existing targets you've already set by selecting the "Edit" on that target's card, then checking the "enable like-for-like" box.
What’s next for targets?
- Property Type filtering so that you can set targets for specific property types (e.g. retail only, data centers only)
- Ability to identify top-performing and bottom-performing sites, so that you know where to focus your efforts
- Reporting enhancements – exporting targets information out of Measurabl
- Weather normalized targets
- Legally mandated target tracking (e.g. Local Law 97 in New York City)