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Cushman, EPA in Green Agreement

NEW YORK CITY-The memorandum of understanding sets a goal of reducing energy use at Cushman & Wakefield's managed properties by 30%.

By Cody Lyon | Updated on January 06, 2009

NEW YORK CITY-Cushman & Wakefield is signing a memorandum of understanding with the US Environmental Protection Agency–reportedly the first such agreement by a real estate services firm. The MOU, which seeks to green C&W’s offices and managed properties, was announced Tuesday morning by Joseph Harbert, COO of C&W’s New York metro region, at the company’s quarterly Manhattan market overview event.

“In the long run, this agreement has the potential to impact thousands of buildings, including their own offices,” an EPA spokesman tells GlobeSt.com. The agreement encourages several goals, which include the evaluation of energy saving opportunities, as well as beginning energy efficient pilot programs at several offices and an overall result of decreasing energy consumption at the company’s offices and managed properties by 30% by 2012.

Further, the MOU will work to track water usage, waste and recycling while fostering the use of reusable industrial materials along with the implementation of sustainable landscaping practices. The agreement also encourages the seeking of certification under the US Green Building Council’s LEED program, or a similar green building rating system for new corporate office space.

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