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CoreNet Calls for Greater Energy Efficiency

DENVER-At its global summit here this week, the professional association for the corporate real estate folks challenges its membership to reap the rewards of energy efficiency.

By Brian K. Miller | Updated on April 30, 2007

DENVER-CoreNet Global today challenged its membership to dramatically reduce its carbon emissions by increasing the energy efficiency in their office and industrial buildings. Focusing on the cost and image benefits that can result, the professional association for corporate real estate professionals dared its membership–which manages US $1.2 trillion in worldwide corporate real estate assets–to freeze their level of carbon emissions and create a timeline for a 50% reduction. It also dared the associated service providers to reduce energy consumption by 60% over five years.

“It’s a pretty simple agenda on the corporate side,” CoreNet Global research director Eric Bowles said this morning at a news conference to launch the CoreNet Global Summit taking place here this week. “Get leadership behind it, get suppliers involved and [establish systems to measure the results].”

The challenge follows a 10-month long study that CoreNet released today as part of the event. “Our survey found a high level of awareness about the advantages of energy savings in corporate facilities,” Bowles said. “What’s most concerning today is how few companies are translating that awareness into broad action.”

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