Kilroy Realty Corporation Wins 2016 ENERGY STAR Partner of the Year Sustained Excellence Award
March 28 2016 - 6:42PM
Business Wire
Kilroy Realty Corporation (NYSE: KRC) announced today
that the U.S. Environmental Protection Agency (EPA) has for the
third year in a row recognized KRC as an ENERGY STAR Partner of the
Year. In addition, the EPA has also recognized KRC for the first
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. The award winners are chosen
from nearly 20,000 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.
“Reducing energy use in our existing buildings is a core
operational goal at KRC, and the ENERGY STAR program is crucial for
enabling us to find reductions each year,” said Bill Wendt, Vice
President, Facilities and Engineering at KRC. “ENERGY STAR gives us
the tools we need to collaborate across Engineering,
Sustainability, Asset Management, Legal and Finance to drive
continued improvements.”
With a focus on ongoing performance measurement and
whole-building improvement, EPA's ENERGY STAR program provides a
proven energy management platform that has helped KRC achieve
important reductions in energy use and greenhouse gas
emissions.
KRC’s key 2015 accomplishments related to award-winning energy
management programs included:
- 40 properties (7.2 million square feet)
earned the ENERGY STAR Label in 2015, representing 64% of the KRC
eligible stabilized portfolio
- Labeled properties had an average
ENERGY STAR score of 88
- KRC recognized the work of its
engineers through an award-winning social media campaign
- KRC’s portfolio experienced a drop in
energy use of 3.5%, even though occupancy increased over the same
timeframe
- The annual CO2 reduction is equivalent
to taking 1,389 cars off the road for a year, providing a year of
electricity to 602 homes, planting 169,160 trees and letting them
grow for 10 years, and avoiding burning over 35.4 railcars’ worth
of coal. Since the 2010 launch of our energy efficiency programs,
KRC has cumulatively saved over 21.5 million kwh and $3.9
million.(http://www.epa.gov/cleanenergy/energy-resources/calculator.html#results)
“By continued collaboration with ENERGY STAR, KRC is helping
Americans save money, save energy, and do their part to reduce our
nation’s greenhouse gas emissions that exacerbate climate change,”
said EPA Administrator Gina McCarthy. “I’m proud to recognize KRC
with the highest form of ENERGY STAR recognition, as the winner of
the 2016 Partner of the Year – Sustained Excellence Award. KRC
demonstrates a strong commitment to energy efficiency and to
preserving a healthy planet for future generations.”
The award winners, including KRC, will be recognized at an
awards ceremony in Washington, D.C. on April 13th.
About ENERGY STAR. ENERGY STAR was introduced by
the U.S. Environmental Protection Agency in 1992 as a voluntary
market-based partnership to reduce greenhouse gas emissions through
increased energy efficiency. Today, ENERGY STAR offers businesses
and consumers energy-efficient solutions to save energy, money, and
help protect the environment for future generations. Nearly 20,000
organizations are ENERGY STAR partners committed to improving the
energy efficiency of products, homes, and buildings. For more
information about ENERGY STAR, visit www.energystar.gov or call
toll-free 1-888-STAR-YES (1-888-782-7937).
About Kilroy Realty Corporation. With more than 65 years’
experience owning, developing, acquiring and managing real estate
assets in West Coast real estate markets, Kilroy Realty Corporation
(KRC), a publicly traded real estate investment trust and member of
the S&P MidCap 400 Index, is one of the region’s premier
landlords. The company provides physical work environments that
foster creativity and productivity and serves a broad roster of
dynamic, innovation-driven tenants, including technology,
entertainment, digital media and health care companies.
At December 31, 2015, the company’s stabilized
portfolio totaled 13.0 million square feet of office
properties, all located in the coastal regions of greater Seattle,
the San Francisco Bay Area, Los Angeles, Orange County and San
Diego. The company is recognized by GRESB as the North American
leader in sustainability and was ranked first among 155 North
American participants across all asset types. At the end of the
fourth quarter, the company’s properties were 47% LEED certified
and 64% of eligible properties were ENERGY STAR certified. In
addition, KRC had approximately 1.9 million square feet of new
office and mixed-use development under construction with a total
estimated investment of approximately $1.2 billion. More
information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are
difficult to predict, many of which are outside of our control.
Accordingly, actual performance, results and events may vary
materially from those indicated in forward-looking statements, and
you should not rely on forward-looking statements as predictions of
future performance, results or events. Numerous factors could cause
actual future performance, results and events to differ materially
from those indicated in forward-looking statements, including,
among others, risks associated with: investment in real estate
assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and
rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; the availability of cash
for distribution and debt service and exposure of risk of default
under debt obligations; adverse changes to, or implementations of,
applicable laws, regulations or legislation; and the ability to
successfully complete development and redevelopment projects on
schedule and within budgeted amounts. These factors are not
exhaustive. For a discussion of additional factors that could
materially adversely affect our business and financial performance,
see the factors included under the caption “Risk Factors” in our
annual report on Form 10-K for the year ended
December 31, 2015 and our other filings with the
Securities and Exchange Commission. All forward-looking statements
are based on information that was available, and speak only as of
the date on which they are made. We assume no obligation to update
any forward-looking statement made in this press release that
becomes untrue because of subsequent events, new information or
otherwise, except to the extent required in connection with ongoing
requirements under U.S. securities laws.
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Kilroy Realty CorporationSara NeffSenior Vice President,
Sustainability310-481-8449sneff@kilroyrealty.com
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