What is Compliance Monitoring?

Measurabl’s Compliance Monitoring tool, powered by Singularity, is designed to help you get a high-level understanding of your portfolio’s fine risk, identify bottom performers, and experiment with how deploying mitigation strategies can lower risk. This tool assesses which buildings in a portfolio are subject to Local Law 97, and the carbon thresholds they’re subject to based on their size and use type.

Compliance Monitoring automatically detects buildings' compliance requirements based on core characteristics and, using historical data, projects buildings' carbon performance into the future, visually demonstrating liability to meet or not meet imposed thresholds. This tool also reveals financial risks associated with missing thresholds, and the mitigation strategies allowable by the law so that you can speculate on risk potentials, even when mitigations are deployed.

See here to learn more about Compliance Monitoring's calculations & methodology.

• Where can I find Compliance Monitoring?

  1. From the Measurabl landing page, you will select the 'Analytics' tab on the left hand menu.
  2. At the top, you will select 'NY Local Law 97'. Next, you can review the following information:
     • The graph which shows past carbon performance, and how it projects into the future
     • Carbon thresholds imposed by LL97:
       • Aggregated for the whole portfolio
       • For each subject building
     • Estimated fines to be driven by missing thresholds
     • Carbon mitigation strategies allowable by NYC. NOTE: If you select any of the 'Recommendation' boxes on the left, it will adjust your predicted performance.
     • How deploying mitigation strategies has the potential to impact fines
     • Which buildings are driving the most fines
  3. You can also select each of the properties at the bottom to see their specific data reflected in the graph.

• Who can access Compliance Monitoring?

  • Note that only Measurabl Premium customers that have portfolios containing NYC buildings will have this tool.

• What is NY Local Law 97?

  • A mandate from the city government requiring all large buildings to report annual emissions to the city starting in 2024. Any buildings exceeding the city's established intensity limits for its occupancy type are subject to fines based on how much over the limit the building's emissions were. The limits become more stringent in 2030.

• What ordinances are supported by Compliance Monitoring?

  • Currently, only New York’s Local Law 97 (LL97). Further releases will introduce support for new ordinances such as the ones passed in Boston and DC.

• How does Compliance Monitoring determine which buildings are subject to the law?

  • The tool examines a building’s basic characteristics and usage data to determine whether it will be included in the analysis and to predict which emissions thresholds it will have to meet.

    To be included in the analysis, a building must…

    1. have its City field set to New York or New York City

    2. have a Gross Floor Area of 50k square feet or more

    3. have 12 consecutive months of usage data within the last 3 years

    4. not have a Sold lifecycle event tracked

• What does 'Efficiency Improvements' mean?

  • This recommendation is intended to capture operational and maintenance changes to reduce a building's energy usage—replacing light bulbs, improving insulation, changing usage patterns, etc. The US Department of Energy estimates these types of changes can result in 5-20% annual energy reduction in an average building without significant investments.

• When is the first compliance report due?
  • May 1, 2025 demonstrating 2024 emissions.

Feel free to submit a request or email us directly if you have any questions!