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Similar to other professional services organizations, the biggest positive impact JLL can make when it comes to the environment is through the advice we provide our clients in reducing their own energy consumption and greenhouse gas emissions. These measures also serve to reduce their costs and to improve efficiency. Because of this impact, we invest significant resources in developing world- class energy management strategies for our clients.
Energy management for our clients
JLL’s Energy and Sustainability Services teams help to deliver savings and efficiencies for our clients. We provide a range of services covering the construction, operation and maintenance of their facilities as well as advice on occupier behavior and location. We also provide a range of strategic solutions such as portfolio energy management and energy reduction programs that aim to deliver lasting improvements in the efficiency of our clients’ portfolios.
During 2014, we helped deliver energy savings for US clients of 477 million kWh (278,000 metric tons of CO2), equating to estimated cost savings of $47 million. This reduction in energy use is roughly equivalent to the average annual energy consumption of more than 30,000 homes. These energy savings have risen by 27% compared to the previous year.
Energy advice at LaSalle Investment Management
LaSalle Investment Management also has a significant opportunity to embed sustainability best practice in the $53.6 billion of assets that it acquires and manages for clients. One of LaSalle’s five guiding principles is to reduce the environmental impact and monitor the effects of climate change on clients’ properties. Accurate measurement and benchmarking are fundamental to achieving this goal. LaSalle participated in the Greenprint Foundation, a worldwide alliance of real estate owners, investors, financial institutions and other industry stakeholders committed to reducing carbon emissions across the global property industry.
In 2014, more than 300 assets were submitted to the Greenprint Foundation Carbon Index for benchmarking and tracking.
LaSalle is committed to reducing energy and has set targets for core funds where it has management control. LaSalle follows environmental, social and governance portfolio guidelines to complement its performance monitoring and further integrate sustainability issues into internal investment decisions and with business partners.
Renewable energy for our clients
JLL has expertise in a wide range of renewable energy technologies such as solar photovoltaic, wind and biomass. Our proficiency in these areas allows us to design and implement bespoke energy solutions for our clients at the local, regional and global level. For example, our Renewable Energy Capital Group in the UK assists with raising capital, identifying investment opportunities and provides financial and commercial expertise to clients across every major renewable energy technology category.
The total GHG emissions averted from installed or consented renewable energy projects we advised on in 2014 was more than 62,000 metric tons of CO2. There is the potential to avert a further 1.6 million metric tons if the renewable energy projects we advised on last year achieve planning consent or successful development. There has been a significant increase in the emissions averted through projects that have either been installed or received consent by more than 44,000 metric tons since 2013.
JLL’s direct environmental impact stems from greenhouse gas emissions in our corporate offices and from business travel. We are committed to driving down our emissions wherever possible through innovative workplace strategies. JLL has committed to reducing energy consumption and greenhouse gas emissions from our offices by 10% per employee and to reduce the rented area in our offices by 8% per employee by 2017. Each of these targets is set against a 2012 baseline.
Tackling our carbon footprint
In 2014, JLL’s absolute greenhouse gas emissions were 51,960 metric tons of CO2e, compared to 49,344 metric tons in 2012, an increase of 5%. While our emission increased, our business also grew with our gross global revenue increasing by 38% over the same period. Our building related emissions per corporate office employee were 1.5 metric tons, a reduction of 6% against our 2012 baseline. Our building related energy consumption per corporate office employee was 3.7 MWh in 2014, in line with 3.7 MWh in 2012, a 1% reduction. In 2014 we rented 162 square feet of property per employee compared to 172 square feet per employee in 2012, a reduction of 6%.
64% of our offices have video conferencing facilities and employees are routinely provided with video-conferencing enabled personal IT equipment. We also encourage our employees to minimize the use of business travel by seeking to provide alternatives wherever possible. Additionally, JLL takes advantage of the benefits of switching to green energy. By the end of 2014, 10% of our offices procured energy from renewable sources, in line with 2013.
Engaging with employees on sustainability
JLL runs an employee engagement and communications program called ACT: A Cleaner Tomorrow. The aim of this program is to give employees the tools they need to reduce their individual environmental impact at the office and at home. These efforts are supplemented by the many energy efficiency initiatives run by sustainability experts and employees locally – we have introduced energy and greenhouse gas reduction initiatives in 66% of our offices, many of which are aligned with the aims of the ACT program.