Major office tenants pledge to cut energy consumption by 30%

JPMorgan Chase, Goldman Sachs, Google are all involved
April 18, 2013 03:30PM

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