Saving the environment also saves you money — it's a win-win situation. It provides you with several economic and cost-effective benefits. These include reducing operating costs, improving occupant efficiency and saving on tenants' utility bills. In addition, it improves asset performance and profits due to its savings in operating costs.
Finally, properties that are built in an environmentally friendly way require lower maintenance costs, since they are built with sustainable components, which in turn adds value to the property. Various studies show a positive relationship between green building elements and the increase in worker productivity. Many assume that building a green building is more expensive than it seems, but research shows that its price is comparable to that of conventional methods. By reducing water use, green buildings minimize the harmful effects of water use and its effects on local ecologies, such as aquatic life.
Mitigated risk: Many of the tangible benefits of green buildings reduce a variety of risks, which should be reflected in insurance rates. Optimizing energy consumption by providing adequate comfort and reducing environmental impact is essential for achieving cities with cleaner air and sustainable neighborhoods and green buildings. ESD-Ltd is an Israeli consulting firm that dedicates its best efforts to taking advantage of the greening of the intensively growing Israeli real estate market. The advantages of green construction go far beyond finance and the ecosystem; they benefit people on a social level.
For example, green buildings tend to be healthier for occupants, which should be reflected in health insurance premiums. In another study conducted by the U.S. Green Building Council. In the US, industry absorbs 40% of global energy consumption.
For example, Fireman's Fund Insurance offers discounts to business owners who rebuild damaged properties using “green building” practices, which also tend to improve building safety. The study suggested that contact with nature and sunlight can improve emotional functioning (positive emotions that lead to worker satisfaction) and that the ecological characteristics of buildings, such as indoor and outdoor relaxation areas with vegetation and views, are likely to improve social interactions and a sense of belonging. Green construction not only reduces water waste, but it can also contribute to enriching water reserves, conserving natural resources, defending biodiversity and improving air and water quality. Green buildings promote the use of materials with lower environmental and ecological loads.
Green construction also reduces the carbon footprint by producing less waste and reducing the amount of toxic gases released into the air.