LOS ANGELES—AECOM has announced plans to cut greenhouse gas emissions across its global operations. The decision came after attending a Department of Energy meeting, where President Obama was also in attendance. The exact strategy will be reported in the company's annual enterprise sustainability report, starting in 2016.

“This program formalizes and extends a range of efforts we've been making in our offices and across our organization to reduce our carbon impact and natural resource usage,” Gary Lawrence, chief sustainability officer for AECOM, tells GlobeSt.com. “Our goal is to minimize our GHG emissions and maximize the benefits to our environment and our business.”

The Department of Energy meeting was held on March 19 and discussed the business and environmental benefits of GHG-reduction targets. It was held after President Obama introduced an executive order to cut federal GHG emissions by 40% over the next decade, a cut that will save taxpayers $18 billion. AECOM's announcement will make sustainability advancements in the private sector, both in the buildings it occupies and those that it designs. “Sustainability is not just fundamental to our corporate purpose; it's essential to our shared future,” says Lawrence. “It's useful to view sustainability efforts as a form of risk management, and reducing greenhouse gas emissions is one of the most important risk management steps human society can take.”

AECOM is in the midst of designing a major project in Downtown Los Angeles in partnership with Mac Urban. The partnership recently broke ground on the $144-million project and teamed up with Carpi Capital Partners. The 326-unit property will be completed at the end of 2016.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.