WASHINGTON, D.C. – February 28, 2013 – (RealEstateRama) — The Building Owners and Managers Association (BOMA) International recently concluded its 7-Point Challenge, a five-year program designed to help incentivize voluntary market-driven efforts among commercial real estate companies to reduce their use of natural resources, non-renewable energy sources and waste production.
Participating companies were challenged to complete the following objectives: decrease energy consumption by 30 percent across portfolios; benchmark energy performance and water usage through ENERGY STAR® metrics; provide sustainability education to engineers, owners and operators; perform energy audits to implement low-risk and low-cost strategies; and improve operations and building maintenance systems. Companies also were asked to position themselves as industry leaders in sustainability and positively impact the planet by helping to reduce the industry’s role in global warming.
BOMA International honored the following companies for successfully meeting all goals of the challenge:
The Ashforth Company
Brookfield Office Properties
Crimson Services, LLC
Liberty Property Trust
Munich Reinsurance America, Inc.
Riverview Realty Partners
Parmenter Realty Partners
RREEF Real Estate
Stream Realty Partners, L.P.
Shorenstein Realty Services LP
USAA Real Estate Company
Wells Real Estate Funds
Two companies also were honored with special recognition awards for their efforts during the 7-Point Challenge. Munich Reinsurance America, Inc. received the award for “Most Improved” for raising the ENERGY STAR® score of its portfolio from a 10 to a 63. The company’s headquarters building is carbon neutral and they believe they can be carbon neutral portfolio-wide by 2015. Liberty Property Trust was presented the award for “Most Innovative” for its Liberty Energy Efficiency Partnership, or “LEEP,” program. The LEEP program is an internal program created to work with tenants who control their own energy bills.
“BOMA International congratulates the companies who completed the 7-Point Challenge and thus established themselves as proven leaders in the areas of energy efficiency and sustainability,” commented BOMA International President and Chief Operating Officer Henry H. Chamberlain, APR, FASAE, CAE. “These companies have proven that self-regulation can result in innovation and positive market transformation.”
All companies that completed the challenge were recognized during BOMA International’s recent Winter Business Meeting.
About BOMA International
The Building Owners and Managers Association (BOMA) International is a federation of 93 BOMA U.S. associations, BOMA Canada and its 11 regional associations and 13 BOMA international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types, including nearly 10 billion square feet of U.S. office space that supports 3.7 million jobs and contributes $205 billion to the U.S. GDP. Its mission is to advance the interests of the entire commercial real estate industry through advocacy, education, research, standards and information. Find BOMA online at www.boma.org.
Courtney C. McKay
Manager of Communications & Marketing