BOSTON – November 5, 2015 – (RealEstateRama) — State Street Corp., based in Boston, was recognized by EPA as one of the nation’s top 100 purchasers of Green Power.
As part of EPA’s Green Power Partnership, more than 1,300 organizations are purchasing billions of kilowatt-hours of green power annually, avoiding carbon pollution equal to that created by the electricity use of more than 2.5 million American homes.
In 2014, State Street increased its commitment to using renewable energy by acquiring more than 211 million kilowatt-hours (kWh) of Green-e certified renewable energy certificates (RECs). This purchase represents 100 percent of State Street’s purchased electricity use for its U.S. real estate portfolio based on the previous year’s consumption. State Street’s green power purchase has helped establish the corporation as a leader among financial services companies in the U.S., and further demonstrates its commitment to sustainability to stakeholders.
“State Street and EPA’s other Green Power Purchasers are driving the development of new renewable energy sources and demonstrating that green power makes good environmental and business sense,” said Curt Spalding, regional administrator of EPA’s New England office. “We applaud their efforts and look forward to other organizations following their lead.”
State Street continues to help lead market development with its seventh consecutive year of renewable energy purchases and fourth consecutive year of increasing purchases of renewable energy certificates. State Street has been a Green Power Partner since 2007.
“We are proud to receive this award from the U.S. Environmental Protection Agency,” said Patrick Centanni, executive vice president, manager of State Street Global Realty, Procurement & Continuity Services and chairman of State Street’s Executive Corporate Responsibility Committee. “Corporate sustainability is no longer a ‘nice to do’ but a ‘must do’. It’s business-critical that we meet the expectations of our stakeholders, from clients and shareholders, to employees and members of the communities in which we work, when it comes to our use of natural resources and overall environmental impact. This is great recognition of our efforts to date and we look forward to keeping the momentum going with the portfolio of policies and goals we have in place around sustainability.”
EPA’s Green Power Partnership provides quarterly updated lists of partners using green power in the following categories: K-12 schools, technology and telecommunications, local government, and retail, among others. More information on EPA’s Green Power Partnership can be found at: http://www3.epa.gov/greenpower/