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CB Richard Ellis to go carbon neutral by 2010 (September 21, 2007)


LOS ANGELES – One of the world’s largest commercial real estate services companies, CB Richard Ellis Group (CBRE), headquartered in Los Angeles with offices worldwide including Toronto, announced their goal to become carbon neutral by 2010. CBRE, which manages 1.7 billion square feet of building space worldwide, will work with clients to implement energy efficiency programs. This is the first time a major commercial real estate services firm has announced plans to go carbon neutral.

“Our decision is driven by our desire to do the right thing, but is also a direct result of a rapidly evolving marketplace,” Brett White, president and CEO of CBRE, said. “Our clients are driving toward energy savings and solid, sustainable environmental performance. We see a great opportunity to partner with them to improve their operational performance and help protect the climate at the same time.”

CBRE is working with the Natural Resources Defense Council (NRDC), a New York-based non-profit environmental organization, to introduce new energy saving measures and technologies at client properties and corporate facilities. The 2010 goal is expected to be achieved through a combination of energy savings, more efficient space utilization, carbon emissions reductions and, if necessary, through investments in carbon offsets.

According to the NRDC, which has spent over 20 years creating and improving efficiency standards at both the state and federal levels, energy use in buildings is responsible for 40 percent of U.S. global warming emissions.

“Improving the performance of existing buildings as well as new ones is going to be an important part of any effective global warming strategy,” NRDC president Frances Beinecke, said. “When the largest manager of commercial property in the world takes up a challenge like this, it can have a tremendous impact.”

For more information www.cbre.com and www.nrdc.org




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