Clarion Partners Earns 2024 Energy Star(R) Partner of the Year Award

NEW YORK, NY / ACCESSWIRE / March 26, 2024 / Clarion Partners, LLC has been recognized as an ENERGY STAR Partner of the Year for the second consecutive year by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.*

Each year, the ENERGY STAR program honors a select group of businesses and organizations that have made outstanding contributions to energy efficiency and the transition to a clean energy economy. ENERGY STAR Partner of the Year award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies. These efforts have saved more than 5 trillion kilowatt-hours of electricity over the past 30 years.

Clarion Partner's recognition as an ENERGY STAR Partner of the Year Award highlights the Firm's energy management program, which utilizes data tracking and benchmarking to drive new strategic initiatives. The Firm surveys our properties to review compliance with benchmarking legislation, track important sustainability data, and facilitate the recommendations of efficiency improvements and pursuit of ENERGY STAR certification where applicable. In 2023, Clarion Partners achieved ENERGY STAR certification for 75 properties and implemented 241 energy efficiency projects, including the installation of shadow meters and LED lighting.**

One of the Firm's projects was the launch of an LED lighting retrofit program to analyze 63 million square feet of assets and identify the best candidates for retrofit opportunities. As of December 2023, 89 retrofit projects had been completed, covering 21 million square feet of industrial warehouses; this initiative is expected to save approximately 9.8 million kilowatt-hours (kWh) in energy consumption. In addition, Clarion also piloted enhanced "green" Property Condition Assessments (PCAs) on a select group of assets with the goal of identifying actionable decarbonization opportunities.

"Clarion Partner's goal to improve energy efficiency across our portfolio continues to be the backbone of our sustainability strategy and we are honored to be recognized by ENERGY STAR once again," said Karen Mahrous, Head of ESG for Clarion Partners. "Working together with our ecosystem of stakeholders, we continue to make progress on our top priorities utilizing ENERGY STAR's extensive suite of tools and resources."