Submitted by: CBRE Group, Inc.
Posted: Mar 13, 2020 – 06:56 PM EST
CBRE’s Property Management Team and prop-tech company Negawatt Utility Limited (Negawatt) have announced a strategic partnership with the goal of delivering best-in-class building management and energy saving technologies to buildings in Hong Kong.
Under the agreement, CBRE will leverage its broad client network and professional capabilities to help landlords identify energy-saving opportunities and optimize operational efficiency through the Internet of Things, AI technologies and analytics.
According to the World Economic Forum1, buildings currently emit about 40% of global greenhouse gas emissions. A recent Energy Efficiency Indicator study2 found that about half of 1,900 global organizations across 20 countries plan to have at least one zero carbon (or net zero energy) building over the next decade. Additionally, 59% of organizations plan to increase investment in energy efficiency, renewable energy and smart building technology in the next year.
“With policymakers around the world committing to net zero emissions targets by 2050, working with our clients on their sustainability goals is more timely than ever. We are delighted to lead the real estate industry by collaborating with a like-minded partner like Negawatt to achieve our clients’ visions while elevating the standard of green initiatives,” said Michael Smith, Head of Property Management at CBRE Hong Kong.
“At CBRE, we take pride in our property and facility management services, and we are excited to help our clients transform their buildings into smarter and more sustainable assets through partnering with Negawatt,” said Smith. “This partnership underlines our commitment to help contribute to a more sustainable environment while driving unparallel tenant experiences,” added Smith.
Negawatt provides proprietary Building OS – an online platform designed to combine information technology with building services knowledge to help landlords and companies optimize energy usage and daily maintenance work. Comprehensive solutions including cloud platforms, hardware and engineering consultancy are also offered.
“In the past few years, we have worked with some of the top developers and landlords in Hong Kong to enhance their overall building efficiency through our deployment of Negawatt intelligent building operation systems and devices. Over time, we have helped a wide range of commercial buildings effectively reduce energy consumption, eliminate carbon emissions and save operational costs. We look forward to working with the CBRE Property Management Hong Kong team to help landlords achieve their sustainability targets,” said Arthur Lam, CEO of Negawatt.
Globally, CBRE continues to make great strides in adopting ESG (Environmental, Social, and Governance) practices across the company. The Group has recently been ranked #13 on the Barron’s 2020 list of the 100 Most Sustainable Companies in the U.S., up from #33 in 2019.
1) Zero carbon buildings are possible following these four steps; published on 24, January 2020. Source: World Economic Forum. https://www.weforum.org/agenda/2020/01/zero-carbon-buildings-climate/
2) 2018 Energy Efficiency Indicator Survey. Source: Johnson Controls.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.