Commercial, Demand Management, Energy Efficiency, GHG Emissions - January 27, 2017
SL Green, tenants team with New York City for GHG reductions through energy efficiency initiatives
New York City-based real estate investment trust , which aims to support the city's broader goal of reducing greenhouse gas emissions 80% by 2050.
The Carbon Challenge is a voluntary pilot program that encourages landlords and tenants to support that broader goal, often referred to as "80 x 50," through collaborative energy efficiency initiatives, the company explained in a news release. SL Green and its participating tenants have committed to reducing greenhouse gas emissions from their buildings by 30% or more in 10 years.
"It is a companywide priority that our buildings operate at the highest efficiency standards," SL Green CEO Marc Holliday said in a statement. "We employ best practices and lead by example, while aligning our sustainability program with the goals enumerated by the city and other international urban business districts."
Achieving energy efficiency is not a new endeavor for SL Green. In May 2016, the REIT was recognized by the U.S. EPA's Energy Star program in May 2016 for its many accomplishments in energy management. At the time, according to Energy Star, SL Green had invested more than $44 million in energy upgrades across its portfolio of commercial buildings since 2010 that have translated to $10 million in annual cost savings, all while making some of the city's most iconic buildings greener.
"As New York City's largest commercial landlord, SL Green is responsible for working with our tenants to strengthen our community's resiliency," Senior Vice President of Operations and director of sustainability Elizabeth Majkowski said in the Jan. 27 announcement. "We recognize that landlord initiatives alone will not address the City’s emission reduction goals—instead, landlord-tenant partnerships are critical."
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