CB Richard Ellis recently announced a goal to become carbon neutral by 2010 and a plan to assist clients with energy efficiency programs at the 1.7 billion sf of building space the company manages. CBRE also says it's working with the Natural Resources Defense Council to introduce new energy saving measures at client-owned and occupied properties.

"Our decision is driven by our desire to do the right thing, but is also a direct result of a rapidly evolving marketplace," says CBRE president/CEO Brett White. "A large number of our clients—both property owners and occupiers—are already actively working to reduce energy costs and create greener space. We see a great opportunity to partner with them to improve their operational performance and help protect the climate at the same time.

"The relationship with NRDC will help us uncover new ideas," he says. "Energy use in buildings is responsible for 40% of U.S. global warming emissions, according to NRDC, which has spent over two decades on energy issues and had a hand in creating and improving efficiency standards at state and Federal levels."

"The buildings where we live and work every day hold huge potential for reducing energy use and emissions," says NRDC president Frances Beinecke.

CBRE has also established a task force to aggregate and share best practices on a global basis, develop educational programs for clients and employees and develop internal policies and business practices. The company expects to achieve carbon neutrality by 2010 through energy savings, efficient space utilization, carbon emissions reductions and, if necessary, investments in carbon offsets. CBRE also recently registered its new Washington, DC office with the U.S. Green Building Council's LEED for Commercial Interiors program and expects to be awarded Gold status.

"CBRE is to be commended for their commitment, which will help drive a shift in the thinking of the real estate services community," says Rick Fedrizzi, president, CEO and founding chair of USGBC.

CBRE was advised in the formation of its task force, development of its environmental policy and relationship with NRDC by Sustainable Finance Ltd., advisors to the financial community on environmental issues.

"This is one of the most important environmental commitments yet," says Sustainable Finance director Matt Arnold.

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CB Richard Ellis Will Go Carbon Neutral

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