Kilroy Realty Corporation Wins 2016 ENERGY STAR Partner of the Year Sustained Excellence Award
Kilroy Realty Corporation (NYSE: KRC) announced today that
the U.S. Environmental Protection Agency (EPA) has for the third year in
a row recognized KRC as an ENERGY STAR Partner of the Year. In addition,
the EPA has also recognized KRC for the first time with its Sustained
Excellence designation, which is the Agency’s highest honor.
EPA's annual ENERGY STAR Awards honor organizations that have made
outstanding contributions to protecting the environment through superior
energy efficiency. The award winners are chosen from nearly 20,000
partners that participate in the ENERGY STAR program, and the selection
is extremely competitive. Commercial landlords that win the prestigious
award have demonstrated an organization-wide commitment to reducing
energy costs for their tenants in partnership with ENERGY STAR. Only
organizations that have consistently earned Partner of the Year for
several years are eligible to earn Sustained Excellence, and their
annual achievements must continue to surpass those in previous years.
“Reducing energy use in our existing buildings is a core operational
goal at KRC, and the ENERGY STAR program is crucial for enabling us to
find reductions each year,” said Bill Wendt, Vice President, Facilities
and Engineering at KRC. “ENERGY STAR gives us the tools we need to
collaborate across Engineering, Sustainability, Asset Management, Legal
and Finance to drive continued improvements.”
With a focus on ongoing performance measurement and whole-building
improvement, EPA's ENERGY STAR program provides a proven energy
management platform that has helped KRC achieve important reductions in
energy use and greenhouse gas emissions.
KRC’s key 2015 accomplishments related to award-winning energy
management programs included:
-
40 properties (7.2 million square feet) earned the ENERGY STAR Label
in 2015, representing 64% of the KRC eligible stabilized portfolio
-
Labeled properties had an average ENERGY STAR score of 88
-
KRC recognized the work of its engineers through an award-winning
social media campaign
-
KRC’s portfolio experienced a drop in energy use of 3.5%, even though
occupancy increased over the same timeframe
-
The annual CO2 reduction is equivalent to taking 1,389 cars
off the road for a year, providing a year of electricity to 602 homes,
planting 169,160 trees and letting them grow for 10 years, and
avoiding burning over 35.4 railcars’ worth of coal. Since the 2010
launch of our energy efficiency programs, KRC has cumulatively saved
over 21.5 million kwh and $3.9 million.
(http://www.epa.gov/cleanenergy/energy-resources/calculator.html#results)
“By continued collaboration with ENERGY STAR, KRC is helping Americans
save money, save energy, and do their part to reduce our nation’s
greenhouse gas emissions that exacerbate climate change,” said EPA
Administrator Gina McCarthy. “I’m proud to recognize KRC with the
highest form of ENERGY STAR recognition, as the winner of the 2016
Partner of the Year – Sustained Excellence Award. KRC demonstrates a
strong commitment to energy efficiency and to preserving a healthy
planet for future generations.”
The award winners, including KRC, will be recognized at an awards
ceremony in Washington, D.C. on April 13th.
About ENERGY STAR. ENERGY STAR was introduced by
the U.S. Environmental Protection Agency in 1992 as a voluntary
market-based partnership to reduce greenhouse gas emissions through
increased energy efficiency. Today, ENERGY STAR offers businesses and
consumers energy-efficient solutions to save energy, money, and help
protect the environment for future generations. Nearly 20,000
organizations are ENERGY STAR partners committed to improving the energy
efficiency of products, homes, and buildings. For more information about
ENERGY STAR, visit www.energystar.gov
or call toll-free 1-888-STAR-YES (1-888-782-7937).
About Kilroy Realty Corporation. With more than 65 years’
experience owning, developing, acquiring and managing real estate assets
in West Coast real estate markets, Kilroy Realty Corporation (KRC), a
publicly traded real estate investment trust and member of the S&P
MidCap 400 Index, is one of the region’s premier landlords. The company
provides physical work environments that foster creativity and
productivity and serves a broad roster of dynamic, innovation-driven
tenants, including technology, entertainment, digital media and health
care companies.
At December 31, 2015, the company’s stabilized portfolio totaled
13.0 million square feet of office properties, all located in the
coastal regions of greater Seattle, the San Francisco Bay Area, Los
Angeles, Orange County and San Diego. The company is recognized by GRESB
as the North American leader in sustainability and was ranked first
among 155 North American participants across all asset types. At the end
of the fourth quarter, the company’s properties were 47% LEED certified
and 64% of eligible properties were ENERGY STAR certified. In addition,
KRC had approximately 1.9 million square feet of new office and
mixed-use development under construction with a total estimated
investment of approximately $1.2 billion. More information is available
at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements are based
on our current expectations, beliefs and assumptions, and are not
guarantees of future performance. Forward-looking statements are
inherently subject to uncertainties, risks, changes in circumstances,
trends and factors that are difficult to predict, many of which are
outside of our control. Accordingly, actual performance, results and
events may vary materially from those indicated in forward-looking
statements, and you should not rely on forward-looking statements as
predictions of future performance, results or events. Numerous factors
could cause actual future performance, results and events to differ
materially from those indicated in forward-looking statements,
including, among others, risks associated with: investment in real
estate assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and rental
rates of properties; the ability to successfully complete acquisitions
and dispositions on announced terms; the ability to successfully operate
acquired properties; the availability of cash for distribution and debt
service and exposure of risk of default under debt obligations; adverse
changes to, or implementations of, applicable laws, regulations or
legislation; and the ability to successfully complete development and
redevelopment projects on schedule and within budgeted amounts. These
factors are not exhaustive. For a discussion of additional factors that
could materially adversely affect our business and financial
performance, see the factors included under the caption “Risk Factors”
in our annual report on Form 10-K for the year ended December 31, 2015
and our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on information that was available,
and speak only as of the date on which they are made. We assume no
obligation to update any forward-looking statement made in this press
release that becomes untrue because of subsequent events, new
information or otherwise, except to the extent required in connection
with ongoing requirements under U.S. securities laws.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160328005766/en/
Copyright Business Wire 2016