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Government Relations & Public Policy

Landlord-Tenant Energy Partnership releases sustainability report

February 18, 2020

Since 2018 ICSC has been a founding partner in the Landlord-Tenant Energy Partnership (LTEP), a coordinated national effort to reduce energy use across billions of square feet of leased retail space. Together with the Retail Industry Leaders Association (RILA) and Institute for Market Transformation (IMT), LTEP’s programs have had the goal of increasing landlord-tenant interaction to enable energy-saving efforts throughout the course of a tenant’s lease. All of these practices position tenants and landlords to make more informed business decisions regarding their operations and leased space.

Energy management within leased stores continues to be a challenge for many retailers and their landlords.  LTEP’s most recent publication, Overcoming the Six Biggest Hurdles to Better Energy and Sustainability Performance in Leased Retail Spaces, summarizes the challenges that retailers and landlords frequently encounter during efforts to plan and execute projects, and identifies tangible solutions to enable a cascade of high-impact energy efficiency and sustainability actions to take in leased buildings that align with ESG or corporate social responsibility goals in brick and mortar locations.  

The recommendations include:

  • How landlords and tenants can avoid communication breakdowns
  • Ways to increase transparency in utility data
  • Methods of tracking recycling and waste
  • Flexible financing approaches for sustainability projects
  • Aligning priorities to address lack of interest in sustainability
  • Generating interest in on-site renewables (such as solar)

Interested in learning more about ICSC’s commitment to sustainability, and related programs and publications?  Please contact gpp@icsc.com.