The CFO of Company XYZ
wants to reduce the carbon footprint
of the real estate portfolio by terminating the lease of a vacant
facility.
Company XYZ is renting
a floor of a building that is no longer
being used. To reduce the carbon footprint of the portfolio, environmental
manager Gary Green works with the real estate department to consider
options for disposing of the floor.
Step 1: Researching
the lease
The real estate
department uses IBM®
TRIRIGA® Real Estate Manager to
determine that the lease for the floor does not expire for two more
years. They find that the early termination fee is less than the cost
of continuing to rent the floor through the end of the lease.
Step 2: Terminating the lease for the vacant floor
The
real estate department completes the process of terminating the lease
for the vacant floor and updates the records in TRIRIGA.
Step 3: Tracking the results of the real estate disposition
project
Gary tracks the changes in energy consumption and overall
carbon footprint after the disposition to report on the results. The
project results in a reduction of the overall rental expense, the
energy cost, and the carbon footprint.