Sign in Subscribe
News agencies

Clinton Global Initiative Announces Commitment to Boost Energy-Efficient Commercial Tenant Space

Strategic Insights

— 2 min read

The Clinton Global Initiative has made a commitment to reduce energy use, create jobs, and provide significant savings for the commercial real estate sector by boosting the market for energy-efficient commercial tenant space. A three-year project, led by financial, real estate, and environmental industry leaders, aims to undertake energy-efficient improvements that provide value for tenants and owners. By making commercial buildings more energy efficient, the partners aim to not only reduce harmful air pollution but also save property owners and tenants serious cash.

Key Takeaways:

  • The Clinton Global Initiative's commitment aims to reduce energy use, create jobs, and provide significant savings for the commercial real estate sector through energy-efficient commercial tenant space.
  • The three-year project is a collaboration between financial, real estate, and environmental industry leaders, including Goldman Sachs, Greenprint Foundation, Johnson Controls, Jones Lang LaSalle, Malkin Holdings LLC, the Natural Resources Defense Council, Vornado Realty Trust, and YRandG.
  • Partners will work with tenants to incorporate energy efficiency measures into new or existing properties, including lighting, air distribution, and energy management systems.
  • The goal is to help other tenants throughout the nation identify the savings potential of energy efficiency and provide a roadmap to boost the market for energy-efficient commercial building space.
  • Untapped, cost-effective efficiency improvements could save the building sector up to $33 billion per year by 2030, according to a study by McKinsey and Company.
  • Buildings are responsible for 40 percent of carbon dioxide pollution nationwide and 80 percent in New York City.
  • The project is unique in focusing on tenant demand for green buildings as the driver for increasing the energy efficiency market and in including industry leaders from every aspect of the market.
  • Several commercial tenants, including Bloomberg LP, LinkedIn, and Jones Lang LaSalle, have already committed to participating in the project.

Sources:

  • Natural Resources Defense Council (NRDC)
  • Clinton Global Initiative
  • McKinsey and Company
  • Bloomberg
  • Greenprint Foundation
  • Goldman Sachs
  • Johnson Controls
  • Jones Lang LaSalle
  • Malkin Holdings LLC
  • Vornado Realty Trust
  • YRandG

Statistics:

  • $33 billion: Untapped, cost-effective efficiency improvements could save the building sector per year by 2030 (McKinsey and Company)
  • 40 percent: Buildings account for carbon dioxide pollution nationwide (NRDC)
  • 80 percent: Buildings account for carbon dioxide pollution in New York City (NRDC)
  • 1.3 million: Members and online activists of the Natural Resources Defense Council (NRDC)
  • 300,000: Subscribers to the Bloomberg Professional service globally (Bloomberg)
  • 13,000: Employees of Bloomberg worldwide (Bloomberg)
  • 185: Locations of Bloomberg around the world (Bloomberg)
  • 72: Countries with Bloomberg bureaus (Bloomberg)
  • 1.5 billion: Square feet of commercial real estate managed by Johnson Controls (Johnson Controls)
  • 16 million metric tons: Carbon dioxide emissions reduced by Johnson Controls since 2000 (Johnson Controls)
  • $7.5 billion: Savings generated by Johnson Controls since 2000 (Johnson Controls)

Read more