LOS ANGELES--(BUSINESS WIRE)--The U.S. Environmental Protection Agency (EPA) has recognized CBRE Group, Inc. (NYSE:CBG) with a 2017 ENERGY STAR® Partner of the Year - Sustained Excellence Award for its continued leadership in protecting our environment through superior energy efficiency. This marks the tenth consecutive year that CBRE has been recognized for ENERGY STAR performance.
Since its inception, ENERGY STAR and its partners have helped prevent a total of more than 2.8 billion metric tons of greenhouse gas emissions, providing societal benefits by reducing damage from climate change. ENERGY STAR and its partners save American businesses and consumers 503 billion kilowatt hours and $34 billion on their energy bills annually.
“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 David Pogue, CBRE’s Global Director of Corporate Responsibility. “Since we began our efforts in 2006, 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.”
CBRE assists owners and occupiers with energy efficiency programs at properties it manages around the world and ENERGY STAR is a powerful tool that is driving sustainability and has become an industry recognized symbol of highly efficient space. 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% and was in the top quartile of performance in 2016;
- CBRE experienced a cumulative 16% reduction in average normalized site energy intensity over the past 10 years, including a savings of 19,836,450,762 kBtu, the equivalent of reducing 9,791,731 passenger vehicle miles driven in an entire year;
- CBRE 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;
- CBRE’s 288 labeled ENERGY STAR buildings under management represent nearly 3.5% of the total U.S. office buildings labeled.
CBRE offers a wide range of sustainability initiatives under its environmental sustainability program, which includes global commitments in 11 key areas of environmentally sound performance. These include resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices in our clients’ properties, and provide vital training and education to CBRE professionals.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About ENERGY STAR
ENERGY STAR has 16,000 partners working to protect the environment through greater energy efficiency, including manufacturers, retailers, public schools, hospitals, real estate companies, and home builders. Since 1992, ENERGY STAR and its partners have saved American families and businesses $430 billion on their energy bills and 4.6 trillion kilowatt-hours of energy, while achieving broad emissions reductions—including 2.8 billion metric tons of greenhouse gas emissions. ENERGY STAR® is the simple choice for energy efficiency. For 25 years, EPA’s ENERGY STAR program has been America’s resource for saving energy and protecting the environment. Join the millions already making a difference at energystar.gov.