Toronto (May 5, 2022) — BentallGreenOak is proud to announce that it has received the 2022 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy. This year marks the 12th consecutive year BentallGreenOak has been recognized for responsible investing. “Partner of the Year” is the highest level of EPA recognition, demonstrating the company's long-term commitment to fighting climate change through energy efficiency.
“For more than a decade, BentallGreenOak has remained committed to ENERGY STAR as an internationally recognized, energy benchmarking system and as a certification program that marks superior energy performance,” said Amy Price, president, BentallGreenOak. “Our asset management teams working across our U.S. and Canadian real estate portfolio have firmly embedded environmental responsibility and energy efficiency into their approach, and our proud culture of ESG excellence will continue to deliver compelling value and demonstrate accountability to our clients.”
Continuous improvement is a key part of BentallGreenOak’s approach to sustainable investing. Current and future initiatives to improve sustainability practices across the portfolio include a target of 444.7M ekWh of total savings will be achieved by year end 2025, across 174 sites. This translates to over 86,900 tCO2e avoided and increases BentallGreenOak’s average ENERGY STAR by 2.8% versus a 2018 baseline.
Over the past 12 years, 487.8 M ekWh has been saved cumulatively, equivalent to the total energy use of 41,628 average American homes over the course of one year. This decrease has saved BentallGreenOak and its clients $57.7 million (USD) and avoided 345,682 tCO2e of greenhouse gas emissions, equivalent to removing 75,179 passenger cars off the road for one year.
“We know it’s going to take all of us working together to tackle the climate crisis, and the 2022 ENERGY STAR award-winning partners are demonstrating what it takes to build a more sustainable future,” said EPA Administrator Michael S. Regan. “These companies are showing once again that taking action in support of a clean energy economy can be good not only for the environment, but also for business and customers.”
Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies. These efforts are essential to fighting the climate crisis and protecting public health.
Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2022 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
About BentallGreenOak
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $74 billion USD of assets under management (as of December 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bentallgreenoak.com
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40 percent of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR’s impacts can be found at www.energystar.gov/impacts and state-level information can be found at www.energystar.gov/statefacts.