PACE Equity Recognized for Advancing Sustainability through Sustainable Business Council Green Masters Program Assessment
The Wisconsin Sustainable Business Council has recognized PACE Equity at the Advancing level with its Green Masters Program®. Recognizing Wisconsin businesses that are prioritizing sustainability, the Advancing status signifies that an organization has begun to manage some of its material sustainability issues and is working to improve its performance related to those issues.
The built environment is a significant contributor to carbon emissions. The journey to a sustainable future requires practical, actionable steps, such as reducing carbon footprints and aiming for energy efficient buildings. It is for this reason that PACE Equity announced its corporate vision: Innovating for Impact.
We seek to impact our clients and the planet every day as we fund projects that pursue energy and water efficiency, resiliency measures, and renewable energy. Especially notable is our CIRRUS product which offers reduced financing rates to encourage lower carbon designs and building practices.
PACE Equity is committed to empowering building owners and developers to achieve these goals without sacrificing financial performance. Our innovative CIRRUS program offers a unique solution that combines environmental benefits with economic advantages. By meeting specific low-carbon design standards, developers can qualify for significantly reduced interest rates.
The lower interest rates and immediate capital boost, paired with the long-term benefits of a CIRRUS-verified low-carbon building, resulting in an average 13:1 ratio of financial benefits compared to the incremental costs of meeting efficiency standards. This program provides a practical and actionable approach to achieving green buildings.
To date, CIRRUS projects have collectively saved 1.4 million in energy costs expected over the weighted average life of the efficiency measures, and 67,000 metric tons of carbon emissions. As cities and municipalities worldwide implement stricter carbon reduction regulations, PACE Equity’s CIRRUS program provides a clear pathway to compliance and competitive advantage.
By achieving Advancing status in the Green Masters Program through our corporate actions and our product offerings, we are taking significant steps to drive energy efficiency and reduce carbon emissions. We continue to build partnerships with other organizations with the same missions regarding sustainability to foster the conversation of lower carbon buildings.
