Email a Friend Translate This Page
Text Size: A A A

NYC Carbon Challenge for Commercial Offices
Photo Credit: Jenna Tatum
NYC Carbon Challenge for Commercial Owners and Tenants

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 12 of 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 tenants and owner-occupiers

  • Allen & Overy LLP
  • American International Group (AIG)
  • Barnes & Noble
  • Barclays
  • BlackRock
  • Bloomberg LP*
  • Citi
  • Credit Suisse
  • Deutsche Bank*
  • Etsy*
  • Environmental Defense Fund (EDF)
  • Google*
  • Goldman Sachs
  • JetBlue
  • JP Morgan Chase
  • Kirkland & Ellis, LLP
  • Natural Resources Defense Council (NRDC)
  • Pfizer
  • PVH Corp.
  • Stroock & Stroock & Lavan LLP
  • Sumitomo Corporation of Americas
  • UBS
  • Viacom
  • White & Case LLP

Current commercial owners

  • Durst Organization
  • Forest City Ratner Companies
  • Industry City
  • Normandy Real Estate Partners
  • RXR Realty
  • SL Green Realty Corp.
  • Rudin Management Company, Inc.
  • Rockefeller Group
  • Related Companies
  • Silverstein Properties, Inc.
  • 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 four commercial participants have already met the Carbon Challenge goal:

External Press

Tools for Commercial Owners and Tenants
Your office can reduce its energy use and emissions too. Use these tools to get started!

Learn more

Contact
CarbonChallenge@cityhall.nyc.gov

Quick Links