WASHINGTON-- Jones Lang LaSalle has announced its commitment to reduce energy at large buildings it manages totalling 98 million square feet as part of the Better Buildings Challenge.
* CEO Colin Dyer attends announcement event at White House with President Obama and former President Clinton
* Jones Lang LaSalle will develop plans to reduce energy at least 20% by 2020 in large buildings totalling 98 million square feet
* Better Buildings Challenge to invest $4 billion to create tens of thousands of jobs and save $40 billion in energy costs
Colin Dyer, CEO of Jones Lang LaSalle, attended the announcement event with President Obama, former President Clinton and representatives from more than 60 organizations as part of the Better Buildings Challenge, a national leadership initiative supported by the U.S. Department of Energy in conjunction with its federal partners.
Jones Lang LaSalle has committed to develop action plans that will improve energy efficiency at large properties totalling 98 million square feet across its U.S. managed portfolio, in order to achieve a 20 percent energy reduction by 2020. Through this partnership, Jones Lang LaSalle will highlight its innovative strategies to identify energy savings and determine costs, to establish a solid business case for additional investment.
"Energy efficiency in buildings makes good business sense and good environmental sense," Dyer said. "As a leading provider of energy services for the built environment across the United States and worldwide, Jones Lang LaSalle is well equipped to meet or exceed our 20 percent energy reduction goal, for ourselves and our clients."
President Obama announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next two years. These investments will save an estimated $40 billion in energy costs over time, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the real estate and construction sector.
The $4 billion investment includes $2 billion committed through a Presidential Memorandum for energy upgrades of federal buildings, using long-term energy savings to pay for up-front costs, at no cost to taxpayers. In addition, 60 CEOs, mayors, university presidents, and labor leaders have committed to invest nearly $2 billion of private capital in energy efficiency projects; and to upgrade energy performance by a minimum of 20 percent by 2020 in 1.6 billion square feet of office, industrial, municipal, hospital, university, community college and school buildings.
The announcement today follows a commitment announced by the Clinton Global Initiative in September 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. The three-year project is a collaboration of eight financial, real estate and environmental industry leaders, including Jones Lang LaSalle.
Jones Lang LaSalle's worldwide Energy and Sustainability Services group has helped corporations and real estate owners save more than $300 million in energy over the past three years. The greenhouse gas emissions avoided by these energy strategies have totalled 10 times Jones Lang LaSalle's own carbon footprint in recent years. The firm has achieved 100 percent participation of its U.S. property management portfolio in ENERGY STAR, and has been named ENERGY STAR Partner of the Year three times, including 2010 and 2011.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from 1000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with more than $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
SOURCE Jones Lang LaSalle