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Study Finds Green Buildings Improve Company Financial Performance and Lower Operational Costs
Notre Dame Directly Links Corporate Sustainability to Financial Performance in Study of Paladino-Developed PNC Pioneering Green Branch® Bank Branch Program
Seattle, WA (PRWEB) April 11, 2012 A new study by University of Notre Dame management professors Edward Conlon and Ante Glavas shows that business performance in LEED® (Leadership in Energy and Environmental Design) rated buildings exceeds that of non-certified properties. The first-of-its-kind study compares the financial performance of 93 LEED rated bank branches with 469 non-rated branches owned and operated by PNC Financial Services Group, using consumer deposit and loan data collected between 2008-2010. “This is the first study we have seen linking what have traditionally been considered intangible benefits of green building – employee satisfaction and brand reputation – to corporate financial growth metrics,” said Tom Paladino, whose firm Paladino and Company collaborated with PNC to develop the pioneering Green Branch® bank branch program. “The implications of the study findings are enormous. Owners and occupants of green buildings can now be expected to experience measurable business benefit beyond simple operational efficiencies.” The Findings
PNC’s LEED rated facilities opened 458 more consumer deposit accounts and had over $3 million more in consumer deposit balances per facility per year over non-certified properties.
Conlon and Glavas comment PNC was an ideal candidate for such a study for several reasons: it owns and operates the most newly constructed LEED buildings in the world so it could provide a statistically significant sample of third-party-validated green buildings, all branches provide the same products and services, the products themselves are not tied to environmental concerns, and the Green Branch® program is completely voluntary and not a response to government or industry regulations. Please click here to download and view the study. Cost-Effective Approach to LEED Certification
These study findings independently validate a post occupancy study performed by Paladino in 2007 and presented at Greenbuild, which showed that PNC’s green bank branches outperformed the conventionally designed branches in areas of worker satisfaction, retention and comfort, as well as energy and water efficiency. The LEED® green building certification program is the nationally accepted benchmark for the design, construction, and operation of green buildings. About Paladino and Company
About PNC Financial Services Group
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