United States. The US Green Building Council (USGBC) released a new report, LEED in Motion: Retail, which shows the prevalence of LEED certification in retail spaces around the world. LEED is used in more than 12,500 retail stores worldwide, allowing major brands such as TD Bank, Starbucks, 7-Eleven and more to demonstrate the achievement of ESG goals to their investors, customers and other stakeholders.
"Now, perhaps more than ever, consumers demand transparency and accountability from the brands they support," said Mahesh Ramanujam, president and CEO of USGBC. "The retail sector is no exception, and many retailers recognize the importance of developing healthy, sustainable spaces that delight their customers and support the wider community. LEED provides these companies with a powerful tool to meet their commitments and engage consumers."
Research from the Association of Retail Industry Leaders shows that 93 percent of global consumers expect the brands they use to support social and environmental issues. An estimated 68 million American adults base their purchases on their personal, social and environmental values, and say they will spend up to 20% more on eco-friendly products. This clear preference for responsible business is pushing the retail sector to adopt policies and practices that express its dedication to sustainability and social equity.
Green buildings offer a practical solution for companies looking for a secure future and an immediate impact on climate mitigation. By building offices, manufacturing facilities, and stores that implement green building strategies, retailers can truly adopt a triple bottom line philosophy: supporting the health of their employees and customers; promotion of environmental conservation; and saving money on energy, water and waste management.
Commercial spaces are intertwined in neighborhoods and communities, and the retail sector comprises a significant part of the American economy. In the first quarter of 2019 alone, retail in the U.S. was responsible for $1.9 billion in gross production, accounting for 5% of total gross production across all sectors. Retail supports one in four jobs in the United States, making it the largest private-sector employer.
Proven performance is the future of sustainable retail development, and third-party verification is an important measure of accountability. LEED affirms the integrity of green building commitments by ensuring that completed projects meet the expected results identified at the design stage. LEED certification is available for new and existing commercial buildings, as well as new and existing interior spaces. Retail owners and operators can learn more about LEED and the online certification process at usgbc.org.
