JLL Tapped for KeyCorp’s Greening Initiatives
- Aug 31, 2011
August 31, 2011
By Nicholas Ziegler, News Editor
Hot off the heels of achieving LEED Gold for the Sunnyvale, Calif., headquarters of search giant Yahoo, Jones Lang LaSalle has been tapped to serve as climate-and-energy-sustainability advisor for Cleveland-based KeyCorp. The program, aimed to be an enterprise-wide solution for the bank’s 3.5 million square feet of office space and 5.6 million square feet of retail-branch banks, will also be focused on delivering shareholder value as well as greening initiatives.
“We are focused on making our entire value chain more sustainable, because this is the right thing to do for our shareholders and the communities we serve,” said KeyCorp CEO Beth Mooney. “Higher levels of sustainability will improve operating efficiency, reduce our risk, and grow the top line.”
The program will include property-focused strategies such as energy management, carbon-footprint measurement and reduction and sustainable workplace initiatives. The partnership between the two firms runs deep, as JLL has has performed transaction management, occupancy planning, project management, mobile engineering and strategic consulting services for KeyCorp’s properties since 2009.
The real estate management firm spoke with Commercial Property Executive regarding the development of the Yahoo campus’ green efforts, and many of its approaches will remain in place for the Key Bank partnership. “We have integrated our facilities-management process to work with many clients,” Frank Teng, energy and sustainability program manager for Jones Lang LaSalle said of the California project. “We’ve developed a toolbox of processes that we can customize, from the engineering and maintenance of sites to a preventative-maintenance program that we can monitor to ensure we’re hitting certain metrics and moving towards energy savings.”
“KeyCorp has already deployed several sustainability tactics, including the achievement of LEED certifications and a waste-reduction effort that saved 20 million sheets of paper last year,” said Key’s Peter Hemme, Executive Vice President, Real Estate. “Now, with Jones Lang LaSalle’s help, we are taking an industry leadership position by expanding sustainable practices to every aspect of our business.”