ENERGY STAR Leaders

TIAA-CREF

Logo for TIAA-CREF New York, New York
Top Performer (2007)
Top Performer (2009)
Top Performer (2010)
Top Performer (2012)
10% Improvement (2012)
Top Performer (2013)

TIAA-CREF is a financial services company that has dedicated itself to helping those in the academic, medical, cultural, and research fields for 95 years. It is one of the largest institutional real estate investors in the nation, with a commercial real estate portfolio of Class A office space representing approximately 32 million square feet, along with significant investments in other property types. TIAA-CREF has had a long-standing commitment to improving the energy and environmental performance of its real estate portfolio, partnering with ENERGY STAR in 2002 and launching a formal Sustainability Initiative in 2006. TIAA-CREF is an active supporter, promoter, and participant in EPA initiatives and events, actively uses ENERGY STAR tools and resources to benchmark building energy performance and measure improvements, and is engaged in the ENERGY STAR Challenge. The organization was honored with ENERGY STAR Partner of the Year awards in 2008 and 2009, followed by Sustained Excellence recognition in 2010, 2011, 2012 and 2013.

 

TIAA-CREF has been recognized by EPA as an ENERGY STAR Leader for improving the energy efficiency of its buildings by more than 10 percent compared to a 2000 baseline and as a Top Performer for achieving an average 1-10 ENERGY STAR score of 83 across its portfolio of facilities. TIAA-CREF is enhancing sustainability across its portfolio in many ways  monitoring and tracking energy and water use in Portfolio Manager; implementing operational best practices; educating staff members, third-party property managers, building engineers, tenants, and other stakeholders; and investing in projects that reduce energy and water costs and decrease operating expenses across the portfolio. In total, the company has avoided approximately $64 million in energy costs since 2007. Compared to its baseline year, the organization currently prevents the annual emissions of more than 37,900 metric tons of carbon dioxide, which is equivalent to the carbon sequestered by more than 971,800 tree seedlings planted and grown for 10 years.