Our Environment
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Operational Environmental Initiatives 51 Madison Avenue: A Sustainable Landmark
Real Savings in Real Estate
Our New York Home Office at 51 Madison Avenue is much more than a building: It is a symbol of what New York Life stands for. At over 90 years strong, 51 Madison Avenue stands as one of the few corporate headquarters of its era to still house its original owner and developer, a testament to the staying power, long history, and commitment in the community that makes us who we are today.
u New York Life Real Estate Investors (NYLREI), a division of New York Life Investors, is a fullservice real estate enterprise committed to reducing waste, water, and energy use while striving to create a great experience for our tenants.
Our Home Office has earned u Leadership in Energy and Design (LEED) Existing Building Gold certification from the U.S. Green Building Council, and won the u Building Owner Association of Greater New York’s Corporate Facility Pinnacle Award for its energy efficiency and low resource use. It represents our belief in continuous improvement and setting industry standards while preserving a storied legacy.
• NYLREI is a member of the u Global Real Estate Sustainability Benchmark (GRESB). We have increased our GRESB score 37% from 2017 because of operational efficiencies and energy reductions.
Operational Efficiencies
This commitment leads to various investments in operational efficiencies at our properties, including electric vehicle charging stations, LED lighting retrofit projects, irrigation management systems, and drought-tolerant landscaping. We also conduct comprehensive third-party quality management assessments with all suppliers to assess maintenance, engineering procedures, and sustainable building materials and appliances used.
• 77% of our office assets are u Energy Star certified, and we work to track and reduce energy consumption at all offices.21
• 58% of our office properties received LEED certification from the U.S. Green Building Council and we evaluate all assets for LEED eligibility.
For Our Tenants Reducing our collective environmental impact underpins one of our priorities: to continue to deliver high-value products and services to our customers. Our goal is to provide a space where our tenants can benefit from cost savings through effective resource management solutions already integrated into their space. All new NYLREI tenants receive a Tenant Fit-Out Guide, offering suggested green practices for construction projects within their premises, and we include green language in all tenant lease and vendor agreements. In 2020 we are conducting tenant surveys at all assets, collaborating with sustainability consultants to identify conservation measures and evaluate new developments for potential adherence to LEED and other green building standards.
51 Madison Pinnacle Submission, 2019.
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New York Life | Corporate Responsibility Report 2019-2020 | 31
