Major office tenants pledge to cut energy consumption by 30%

JPMorgan Chase, Goldman Sachs, Google are all involved

New York /
Apr.April 18, 2013 03:30 PM

Ten large Manhattan office tenants have committed to lowering their energy consumption by 30 percent over the next ten years, Crain’s reported. The pledge will affect the efficiency of about 17 million square feet of office space.

Though new developments like 11 Times Square and One Bryant Park have energy-saving systems, the owners have had difficulty reigning in tenants’ high consumption.

The tenant roster largely comprises banking and investment firms, such as JPMorgan Chase, Credit Suisse and Goldman Sachs, which reportedly consume a lot of energy. Other tenants involved are Google and JetBlue.

Mayor Michael Bloomberg’s office, which announced the news today, said this step nails a primary challenge in bringing energy savings from the city’s office buildings, which contribute 75 percent of the city’s greenhouse gas emissions.

The tenants will replace lighting and initiate more enhanced power-saving techniques. [Crain’s]Zachary Kussin


Related Articles

arrow_forward_ios
From left: Wells Fargo’s Charles Scharf, SL Green's Marc Holliday, Goldman Sachs’ David Solomon and One Vanderbilt (Getty)
Goldman Sachs, Wells Fargo leading $2.25B refi of One Vanderbilt
Goldman Sachs, Wells Fargo leading $2.25B refi of One Vanderbilt
JPMorgan CEO Jamie Dimon and 270 Park Avenue (Getty, Google Maps)
JPMorgan Chase will embrace “flexible” design for 270 Park HQ
JPMorgan Chase will embrace “flexible” design for 270 Park HQ
David Wolkoff of G&M Realty. (Getty, 5Pointz LIC)
Wolkoff family firm snags $350M loan for 5Pointz
Wolkoff family firm snags $350M loan for 5Pointz
The “flexible hybrid model” is set to debut in July in North America (iStock)
Et tu, Ford? Automaker lets 30K workers stay home post-pandemic
Et tu, Ford? Automaker lets 30K workers stay home post-pandemic
Goldman Sachs CEO David Solomon (Getty)
Goldman Sachs plans move to South Florida
Goldman Sachs plans move to South Florida
55-15 Grand Avenue, Queens; Phil A. Belling of LBA Realty; Jamie Dimon of JPMorgan Chase (Getty, RXR/BL Architects)
LBA lands $316M loan for Amazon warehouse in Maspeth
LBA lands $316M loan for Amazon warehouse in Maspeth
 JPMorgan’s Marianne Lake (Getty, iStock)
JPMorgan walks back some mortgage constraints
JPMorgan walks back some mortgage constraints
Denizen Bushwick at 54 Noll Street (Photos via Denizen Bushwick)
All Year nears $650M financing for Bushwick luxury rentals
All Year nears $650M financing for Bushwick luxury rentals
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...