New York, New York

ENERGY STAR Partner of the Year - Energy Management


TIAA-CREF is one of the largest institutional real estate investors in the nation, with a portfolio of approximately 43 million square feet of Class A office space, 45 multifamily communities, and about 20 million square feet of retail properties. TIAA-CREF is receiving ENERGY STAR recognition for its commitment to using ENERGY STAR tools, resources, and strategies to identify cost-effective energy efficiency improvements. This is the second time TIAA-CREF has received ENERGY STAR recognition. Key 2008 accomplishments include:

         Reducing energy use by 3.6%.

         Earning the ENERGY STAR for 35 buildings in 2008, for a total of 67 ENERGY STAR qualified buildings representing approximately 22 million square feet.

         Setting a goal of reducing the energy use of its office portfolio by 10% by 2010 and working toward this goal by coordinating among TIAA-CREF asset managers and 25 third-party property management companies to implement numerous energy efficiency projects.

         Supporting the Change the World, Start with ENERGY STAR campaign by giving ENERGY STAR qualified CFLs to each employee of its office tenant companies, its own employees, and the residents of its multifamily units. In total, more than 250,000 CFLs were distributed to TIAA-CREF's properties across the nation, in support of the Change the World, Start with ENERGY STAR campaign.

         Communicating the business and environmental value of energy efficiency to staff, program managers, and the real estate industry through vehicles such as presentations and press releases.

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