Thank You For Completing The Challenge
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 seven 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.
Additionally, the following companies deserve recognition for completing the submission process and offering their portfolios for consideration:
RiverRock Real Estate Group
JMB Realty Corporation
IDS Center- Inland American Office Management, LLC
CASE Commercial Real Estate Partners
CNL Commercial Real Estate
Healthcare Facilities Development
Coventry Health Care, Inc.
Seven Oaks Management, LLC
Texas Guaranteed Student Loan Corporation
Congratulations to all the companies who stepped up to the 7-Point Challenge. The data and wealth of information shared far exceeded our expectations. BOMA International will work with these companies over the next few months to transform the information shared with us into true sustainability stories of success!
For questions about the 7-Point Challenge, please contact Emily Naden, BOMA’s Manager of Advocacy, at email@example.com
or (202) 326-6326.
The 7-Point Challenge
Continue to work towards a goal to decrease energy consumption by 30 percent across your portfolios by 2012 – as measured against an “average building” measuring a 50 on the ENERGY STAR® benchmarking tool in 2007.
At least once a year, benchmark your energy performance and water usage through EPA's ENERGY STAR benchmarking tool (and share your results with BOMA);
Provide education to your managers, engineers, and others involved in building operations, to ensure that equipment is properly maintained and utilized;
Perform an energy audit and/or retro-commissioning of your building, and implement low-risk, low-cost and cost effective strategies to improve energy efficiency with high returns;
Extend equipment life by improving the operations and maintenance of building systems and ensure equipment is operating as designed;
Through leadership, positively impact your community and your planet by helping to reduce your industry's role in global warming; and
Position yourself and the industry as leaders and solution providers to owners and tenants seeking environmental and operational excellence.