Commercial buildings account for roughly 30 percent of New York City’s emissions and the energy used in leased interior space accounts for between 40 to 60 percent of total energy consumption in a typical commercial office building. However, commercial owners and tenants face a range of barriers to meaningful coordination that delay or prevent uptake of energy efficiency and cost saving measures. These include split incentives, in which the party responsible for making the energy improvement does not reap the costs savings, lack of coordination between base building and supplemental heating and cooling systems, and oversizing of equipment in new tenant space fit-outs.
In 2013, New York City launched the original NYC Carbon Challenge for Commercial Offices to the city’s largest commercial tenants and owner-occupiers. In 2017, to help provide the industry with solutions to coordination barriers, the City launched the NYC Carbon Challenge for Commercial Owners and Tenants—expanding the original Carbon Challenge for Commercial Offices to include additional commercial tenants as well as owners. As part of the expansion, participating commercial owners and tenants will be better equipped to find unique and creative solutions that enable greater energy efficiency and sustainability improvements than either party could achieve on its own.
Current commerical tenants and owner-occupiers
- Allen & Overy LLP
- Barnes & Noble
- Bloomberg LP*
- Credit Suisse
- Deutsche Bank*
- Environmental Defense Fund (EDF)
- Fried, Frank, Harris, Shriver & Jacobson LLP
- Goldman Sachs
- Interpublic Group
- JP Morgan Chase
- Kirkland & Ellis, LLP
- Morgan Stanley
- Natural Resources Defense Council (NRDC)
- Paul, Weiss, Rifkind, Wharton & Garrison LLP
- PVH Corp.
- Stroock & Stroock & Lavan LLP
- Sumitomo Corporation of Americas
- White & Case LLP
- YMCA of Greater New York
Current commercial owners
- Durst Organization
- Fisher Brothers
- Forest City Ratner Companies
- Industry City
- Normandy Real Estate Partners
- Related Companies
- Rockefeller Group
- Rudin Management Company, Inc.
- RXR Realty
- Silverstein Properties, Inc.
- SL Green Realty Corp.
- Vornado Realty Trust
*Commercial participants committed to the 50 percent reduction goal by 2025 or sooner
Find out about more details of the program in the NYC Carbon Challenge for Commercial Offices Program Design. For additional information about participation, please contact CarbonChallenge@cityhall.nyc.gov.
Learn how five commercial participants have already met the Carbon Challenge goal:
- New York 1 - February 2, 2017
- DNAinfo New York - January 26, 2017
- Associated Press - January 26, 2017
- Crain's New York - April 18, 2013
- National Geographic - April 18, 2013
- Wall Street Journal - April 18, 2013
- The Huffington Post - April 22, 2013
- New York Daily News - April 19, 2013
- AM New York - April 21, 2013
- Staten Island Live - April 19, 2013
- Gothamist - April 18, 2013
- Environmental Leader - April 19, 2013