Regulatory control forms the bedrock of the environmental policies of many countries. Whilst this interventionist approach can ensure a certain minimum standard would be achieved. far greater results can be achieved if it is augmented by a voluntary assessment-scheme. The benefits of having both approaches are explored in the paper with reference to the building energy codes and a voluntary building environmental-performance assessment scheme HK-BEAM, both of which are being implemented in Hong Kong. Quantification of the possible range of energy saving was based on the design characteristics of 22 commercial buildings in Hong Kong. The need for and the benefits of using the energy assessments within HK-BEAM as an alternative compliance route to the building energy codes are confirmed and the compliance criteria are established. The potential energy-saving through the use of the regulatory and the voluntary-based approaches were estimated to be from about 8% to more than 30%.