Market Overview: The Emergence Of Smart Building Certifications

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Executive Summary

The building certification market is entering a new phase, marked by the rise of technology-focused accreditations to assess smart buildings. This report identifies the factors propelling the adoption of these rating systems in 2023 and forecasts the trends this market will exhibit. It reviews the range of schemes currently available, examines the challenges faced by these standards and provides advice on extracting value from the implementation of benchmarks. The report is targeted at stakeholders across the real estate value chain, as well as building technology vendors and accreditation bodies. The study draws on the latest Verdantix smart buildings research and a unique mix of insights from interviews with experts across the real estate and technology sectors.

Table of contents

New Entrants In The Accreditation Space Target Smart Buildings
The Certification Market Continues To Evolve And Expand
The Perceived Value Of Certifications Differs Amongst Stakeholders
SBCs Must Overcome Five Roadblocks To Achieve Scheme Success 
Accreditation Bodies Need To Sharpen Their Competitive Claws
Partnership Strategies And Incoming Regulations Will Shape The Future Of Certifications

Table of figures

Figure 1. Roadmap Of Building Certifications
Figure 2. BOMA BEST Smart Buildings Certification Overview
Figure 3. Smart Building Certification Overview
Figure 4. SmartScore Certification Overview
Figure 5. SPIRE Smart Buildings Certification Overview
Figure 6. Drivers For Smart Building Certifications For Different Stakeholders
Figure 7. When Certifications Don’t Hit The Mark

About the authors

Amelia Feehan

Industry Analyst

Amelia is an Industry Analyst in the Verdantix Smart Buildings practice. Her current research agenda focusses on IoT platforms to improve building performance. Prior to joining Verdantix, Amelia worked as a façade engineer at Arup where she gained experience in sustainable building design and building information modelling. She holds a MEng in Civil, Structural and Environmental Engineering from Trinity College Dublin.

Rodolphe d’Arjuzon

Global Head of Research and Finance Director

Rodolphe co-founded Verdantix in 2008 and directs the firm’s research strategy across all practice areas. He also leads the Smart Buildings practice on an interim basis. Rodolphe has over twenty years of experience in technology research and strategy consulting. He previously worked for Barclays Bank and L.E.K. Consulting. Rodolphe holds a PhD in Physics from Cambridge University.

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