Real Estate Industry Cuts Carbon Emissions 3.4%
Jones Lang LaSalle, Prudential Real Estate Investors, Starwood Hotels and Resorts and other global real estate firms cut their collective carbon emissions 3.4 percent between 2011 and 2012, says a report published by the Urban Land Institute’s (ULI) Greenprint Center for Building Performance.
Buildings also reduced their energy consumption by 3.2 percent, increased recycling by 21.4 percent and slightly increased water consumption by 0.5 percent over the same time period, according to volume 4 of the Greenprint Performance Report, which measures and tracks the performance of 3,232 buildings owned by Greenprint’s members.
The number of properties included in this year’s report has risen by 19.6 percent from last year. The portfolio has also grown by 14.9 percent in terms of floor area, and now includes more than 75 million square meters (more than 800 million square feet) of office, multifamily, industrial retail and hotel property. The 3,232 buildings are located across 44 countries and accommodate more than 1.1 million people. Greenprint members hold more than $600 billion of real estate assets under management.
The property data was submitted to the Greenprint Center by its 31 members and affiliated partners, which include real estate owners, investors and financial institutions. Greenprint has set a goal to achieve a 50-percent reduction in the overall building emissions for its property portfolio by 2030.
Other Greenprint members are: Aetos Capital, AvalonBay, Beacon Capital Partners, BlackRock, Blackstone Group, CalPERS, CommonWealth Partners, Deutsche Asset and Wealth Management, Equity Office Properties, First Washington Realty, GI Partners, General Investment and Development Advisors, GLL Real Estate Partners, Grosvenor, Hines, Jamestown Properties, LaSalle Investment Management, Miller Capital Advisory, Paramount Group, Patrizia Immobilien, Prologis, Silverstein Properties, Sonae Sierra, Thomas Properties, TIAA-CREF, Tishman Speyer and UDR.
The Greenprint Performance Report provides an open standard for measuring, benchmarking and tracking energy usage and resulting emissions at a property, fund and portfolio level. ULI says the global scope and size of the report make it the industry’s largest, most verifiable, transparent and comprehensive benchmark of energy use and carbon emissions.
Currently, the database includes 2,021 properties in the Americas; 1,022 in Europe, the Middle East and Africa; and 189 properties in Asia Pacific.
Greenprint innovation partners include Arup, Deutsche Bank, Gensler, Johnson Controls and Lutron. It also has ongoing collaborative relationships with the Natural Resources Defense Council and the London Better Buildings Partnership. Over the past year, Greenprint has also established new alliances with the EPA’s Energy Star Program, the C40 Cities Climate Leadership Group and the Downtown (Washington) DC ecoDistrict program.
In other efforts to shrink buildings’ environmental footprint, a suit of tools released this week by AT&T and Environmental Defense Fund can save US commercial buildings up to 28 billion gallons of water annually, the organizations say.
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