Shorenstein Announces New Performance Goals in 2018 Sustainability Report
On June 21, 2018 Shorenstein Properties released its 2018 Sustainability Report that highlights the company’s aggressive new environmental performance goals. By 2025 Shorenstein is seeking to cut both energy use and greenhouse gas emissions by 40%, while increasing recycling by 20%.
Shorenstein is an owner and operator of office and mixed-use properties across the nation and was one of the first partners of the Better Buildings Challenge. In 2017 Shorenstein achieved its Better Buildings goal three years ahead of schedule through a 20% reduction in energy use across a 21 million square foot portfolio. Their portfolio-wide improvements have resulted in energy savings of $6.5 million annually.
Additional highlights of Shorenstein’s 2018 Sustainability Report include:
- Earning four out of five “Green Stars” on the 2017 Global Real Estate Sustainability Benchmark
- Receiving the EPA’s inaugural ENERGY STAR Charter Tenant Space recognition for their New York corporate office
- Completing 58 energy and water efficiency projects across the portfolio in 2017, saving over $650,000 annually in energy costs
Shorenstein has shared some of its organizational strategies for promoting energy efficiency through its “Flip the Switch” Tenant Engagement Program and Student Fellowships To Kickstart In-House Energy Programs implementation models. Additionally, Shorenstein has developed two showcase projects for its 50 California Street and Palisades Office Park properties.
The 2018 Sustainability Report can be found at: https://shorenstein.com/sustainability