For the tenth consecutive year, the U.S. Environmental Protection Agency has recognized CBRE Group – a Los Angeles-based Fortune 500 commercial real estate services and investment firm – for its Energy Star performance.
The 25-year-old federal energy efficiency initiative – which may lose funding under the Trump Administration’s “America First” budget – has recognized CBRE this time with a 2017 Energy Partner of the Year – Sustained Excellence Award.
Since CBRE first developed its environmental sustainability program in 2006, Energy Star has remained the operational framework for advancing energy efficiency practices in the company’s managed portfolio.
These efforts have produced strong results:
- Since 2007, CBRE has successfully improved its average Energy Star score, achieving a cumulative increase of 9.5 percent – and the company was in the top quartile of performance for 2016;
- CBRE drove a cumulative 16 percent reduction in average normalized site energy intensity over the past 10 years, including a savings of nearly 20 million kBtu, the equivalent of reducing 10 million passenger vehicle miles driven in an entire year;
- The company has 1,975 buildings, representing more than 314.5 million square feet participating in the program – significantly more than from any other third-party management firm; and
- CBRE’s 288 labeled Energy Star buildings under management represent nearly 3.5 percent of the total U.S. office buildings labeled.
CBRE’s sustainability program includes global commitments in 11 key areas of environmentally sound performance – among them, resource management, occupancy, communications and training, public policy, and procurement.
“During the past decade we have worked diligently to expand our efforts to use the tools of the EPA to benchmark our portfolio, educate and train our staff on energy efficiency, and provide consistently positive outcomes for our clients and their properties,” said CBRE’s Global Director of Corporate Responsibility David Pogue,.
“Since we began our efforts in 2006,” Pogue added, “we have relied upon the resources of EPA Energy Star, making it the foundation of our practice. It is as important to our success today as it was the day we started. We are proud to be associated with EPA.”
Since its inception, Energy Star and its partners have saved American businesses and consumers 503 billion kWh and $34 billion on their energy bills annually, the federal agency said.