Los Angeles-based Kilroy Realty Corp. recently revealed that the U.S. Environmental Protection Agency has for the fifth year in a row recognized KRC as an ENERGY STAR Partner of the Year. In addition, the EPA has also recognized KRC for the third time with its Sustained Excellence designation, which is the Agency’s highest honor.
EPA’s annual ENERGY STAR Awards honor organizations that have made outstanding contributions to protecting the environment through superior energy efficiency, according to a prepared statement. In its last reporting year, ENERGY STAR and its partners saved American businesses and consumers 400 billion kilowatt hours and $30 billion on their energy bills, while achieving broad emission reductions.
The release says that the award winners are chosen from nearly 15,000 partners that participate in the ENERGY STAR program, and the selection is extremely competitive. Commercial landlords that win the prestigious award have demonstrated an organization-wide commitment to reducing energy costs for their tenants in partnership with ENERGY STAR. Only organizations that have consistently earned Partner of the Year for several years are eligible to earn Sustained Excellence, and their annual achievements must continue to surpass those in previous years, the release says.
According to Jeff Hawken, COO, “Lowering operating expenses for our tenants via energy efficiency is a key business strategy at KRC. The ENERGY STAR program helps us find new opportunities to reduce energy use and achieve recognition for doing so from our tenants, investors and other stakeholders.”
KRC’s key 2017 accomplishments related to award-winning energy management programs included:
*55 properties (9.1 million square feet) earned the ENERGY STAR Label in 2017, representing 73% of the KRC eligible stabilized portfolio
*KRC recognized the work of its tenants through an innovative social media campaign
*KRC’s office portfolio experienced a drop in energy use of 3.9%, over 27,000 megawatt-hours, even though occupancy increased over the same timeframe
*The annual CO2 reduction was equivalent to taking 1,353 cars off the road for a year, providing a year of electricity to 682 homes, planting 163,700 trees and letting them grow for 10 years, and avoiding burning over 34.5 railcars’ worth of coal. Since the 2010 launch of our energy efficiency programs, KRC has cumulatively reduced its energy consumption by nearly 39.4 million megawatt-hours.