Cushman & Wakefield to Green Its Real Estate Portfolio

In signing a voluntary agreement with the U.S. Environmental Protection Agency (EPA), real estate development firm Cushman & Wakefield has pledged to cut energy use in its U.S. buildings by 30% by 2012. The commercial real estate services firm holds more than 3,200 properties in the U.S. that amount to over 265 million square feet.

Cushman & Wakefield will participate in several new voluntary EPA programs to reduce not only energy use but also water use and solid waste. The firm will report its results to EPA every six months, and EPA will compile the results and compare them with other projects, such as the New York Mets’ Citi Field stadium. EPA hopes to sign more such agreements and expand environmental performance reporting.