Thursday 16 September 2021

Tishman Speyer commits to net zero emissions globally by 2050

Real estate developer, owner and investor Tishman Speyer has announced its commitment to achieve operational net zero carbon emissions by 2050 globally.

Its global portfolio currently covers 87 million square feet in 140 properties across North America, Asia, Europe and South America.

A total of 73% of the company's global portfolio has received sustainable certifications from internationally-recognised accrediting programmes, including LEED, BREEAM and DGNB.

In addition, 100% of its US portfolio is benchmarked by Energy Star, a programme run by the US Environmental Protection Agency and US Department of Energy that promotes energy efficiency.

Tishman Speyer has also set a minimum global standard that all of its new construction projects will be built to an LEED Silver standard, with an ultimate target of LEED Gold or higher.

It currently retrofitted its central plant at its headquarters in the Rockefeller Centre, with the replacement of chillers with 102 new ice storage tanks, maximising energy efficiency and achieving a 70% reduction in on-peak electrical demand and carbon emissions throughout the centre.

Jonathan Flaherty, Global Head of Sustainability and Building Technology Innovation at Tishman Speyer said: “We are dedicated to the health and wellbeing of our customers and neighbourhoods.

“We design, construct and operate our properties with this is mind. Our commitments to be net zero by 2050 and to the PRI [UN's Principles for Responsible Investment] will ensure that as we are enhancing our physical environments, we are also minimising our environmental impact. We all bear responsibility for this planet.”