Paramount Earns 2024 ENERGY STAR® Partner of the Year Award
April 01 2024 - 8:00AM
Business Wire
Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the
“Company”) is proud to announce that it has achieved the 2024
ENERGY STAR Partner of the Year Award from the U.S. Environmental
Protection Agency (EPA) and the U.S. Department of Energy.
Paramount was honored among a select group of organizations for the
company’s contributions to energy efficiency and the transition to
a clean energy economy.
ENERGY STAR award winners are recognized for demonstrating
sustainability excellence in their respective industries. This
year, Paramount achieved ENERGY STAR labels across 100% of its
office portfolio, spanning 11.3 million square feet. The company’s
longstanding commitment to ENERGY STAR has yielded over 165 ENERGY
STAR labels historically.
Achieving these labels signifies that Paramount’s assets perform
within the top 25 percent for energy efficiency when compared to
similar buildings nationwide, a testament to Paramount’s focus on
responsible operations. To further evolve the company’s
sustainability strategy, Paramount has leveraged the ENERGY STAR
Tenant Recognition program to encourage collaboration and
sustainability best practices at the tenant level.
“We are proud to achieve Partner of the Year for the third
consecutive year, distinguishing us as a Sustained Excellence
recipient,” said Wilbur Paes, Paramount’s Chief Operating Officer,
Chief Financial Officer, and Treasurer. “Our team prides itself on
executing a thoughtfully designed energy management program that
reduces the environmental impact of our portfolio which resonates
with our tenants and stakeholders.”
About Paramount Group, Inc.
Headquartered in New York City, Paramount Group, Inc. is a
fully-integrated real estate investment trust that owns, operates,
manages, acquires and redevelops high-quality, Class A office
properties located in select central business district submarkets
of New York City and San Francisco. Paramount is focused on
maximizing the value of its portfolio by leveraging the
sought-after locations of its assets and its proven property
management capabilities to attract and retain high-quality
tenants.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy
efficiency, providing simple, credible, and unbiased information
that consumers and businesses rely on to make well-informed
decisions. Since 1992, ENERGY STAR and its partners helped American
families and businesses avoid more than $500 billion in energy
costs and achieve more than 4 billion metric tons of greenhouse gas
reductions. More background information about ENERGY STAR’s impacts
can be found at www.energystar.gov/impacts.
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version on businesswire.com: https://www.businesswire.com/news/home/20240401610578/en/
Wilbur Paes Chief Operating Officer, Chief Financial Officer,
and Treasurer 212-237-3122 ir@pgre.com Tom Hennessy Vice President,
Investor Relations and Business Development 212-237-3138
ir@pgre.com Paramount Media Contact:
212-492-2285 pr@pgre.com
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