A Message from our CEO
Green is our standard. At SL Green, sustainability is deeply rooted in our culture and integrated into our business decisions.
Developing a cultural focus begins with an organization’s leadership, and sustainability is embodied by the entire company. We have organized our program into three categories—efficiency, tenant experience, and industry leadership—a framework that situates SL Green’s at the forefront of sustainability.
Sustainability serves as a critical business tool that reduces operating expenses and contributes value to our community. From 2010 through 2015, we invested $44 million in initiatives to enhance our operational efficiency. Through the ingenuity of our employees, we’ve implemented LED lighting technology, installed low-flow water fixtures, and replaced obsolete building equipment. We monitor consumption through a real-time portfolio energy management system and respond to building performance data to minimize our environmental footprint. In an area brimming with innovation, we capitalize on existing and emerging efficiency opportunities.
The real estate industry recognizes the effectiveness of SL Green’s strategy. Twenty buildings in our portfolio have achieved ENERGY STAR labels, representing 50% of all NYC buildings we own and manage. In addition, we have been named ENERGY STAR Partner of the Year for the second consecutive year. I am also pleased to announce that for the third year in a row, we were ranked in Newsweek’s list of the country’s greenest businesses.
We’ve positioned our portfolio for success in a market notable for both its opportunities as well as its challenges to sustainability. Our approach demonstrates SLG’s leadership in achieving greenhouse gas emission reductions consistent with the long-term plans outlined in Mayor de Blasio’s 80x50 plan. We employ best practices and lead by example for others in our industry to follow, while aligning our program with City and international urban business districts.
Nowhere else is our commitment to sustainability more evident than with the initiatives planned for One Vanderbilt. This cutting edge development will feature the most innovative solutions in occupant health and well-being as we pursue the highest levels of LEED® and WELL® certifications. These designations, coupled with high-efficiency mechanical systems, will allow One Vanderbilt to achieve one of the lowest carbon footprints in the City for buildings of similar scale and density. One Vanderbilt represents SL Green’s vision for the future of commercial office space and will transform the City’s skyline, Midtown’s transit system, and sustainability standards for office environments.
Our focus on sustainability through efficiency, tenant experience, and industry leadership has led to advances in the quality of our portfolio, bene ting our end users and the greater community. I am proud of what we have accomplished and look forward to continued success as we raise the bar even higher.
Chief Executive Officer