Kilroy Realty Corporation Wins 2014 ENERGY STAR Partner of the Year Award

Tue Apr 29, 2014 3:36pm EDT

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Kilroy Realty Corporation Wins 2014 ENERGY STAR Partner of the Year Award

Kilroy Realty Corporation (NYSE: KRC) announced today that the U.S. Environmental Protection Agency (EPA) has recognized KRC as a 2014 ENERGY STAR Partner of the Year. EPA's annual ENERGY STAR Awards honor organizations that have made outstanding contributions to protecting the environment through superior energy efficiency. The award winners are chosen from nearly 20,000 partners that participate in the ENERGY STAR program, and the selection is extremely competitive. Commercial landlords that win the prestigious award have demonstrated an organization-wide commitment to reducing energy costs for their tenants in partnership with ENERGY STAR.

"The ENERGY STAR program is the basis of our energy efficiency programs. It provided us the initial foundation in managing our energy consumption to help reduce our impact on the environment and save money for our tenants,” said Sara Neff, Vice President of Sustainability at KRC. “Our energy efficiency programs are critical in enabling us to deliver a high quality work environment, one that is sustainably built and operated, to our rapidly evolving market.”

With a focus on ongoing performance measurement and whole-building improvement, EPA's ENERGY STAR program provides a proven energy management platform that has helped KRC achieve important reductions in energy use and greenhouse gas emissions.

KRC’s key 2013 accomplishments related to award-winning energy management programs include:

  • 36 properties (6.7 million square feet) earned the ENERGY STAR label in 2013, representing 53% of the KRC stabilized portfolio
  • Labeled properties have an average ENERGY STAR score of 87
  • KRC’s portfolio experienced a drop in energy use of over 2%, in this case, 2.3%, for the second year in a row, even though occupancy increased .6% over the same timeframe
  • The annual savings from KRC’s 2013 energy management projects equal over 14 million kilowatt hours
  • The annual CO2 reduction from the implementation of these projects is equivalent to taking 2,046 cars off the road for a year, providing a year of electricity to 887 homes, planting 249,172 trees and letting them grow for 10 years, and avoiding burning over 52.1 railcars’ worth of coal
    (http://www.epa.gov/cleanenergy/energy-resources/calculator.html#results)

The award winners, including KRC, will be recognized at an awards ceremony in Washington, D.C., on April 29, 2014.

About ENERGY STAR. ENERGY STAR was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR offers businesses and consumers energy-efficient solutions to save energy, money, and help protect the environment for future generations. Nearly 20,000 organizations are ENERGY STAR partners committed to improving the energy efficiency of products, homes, and buildings. For more information about ENERGY STAR, visit www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).

About Kilroy Realty Corporation. With more than 65 years’ experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region’s premier landlords. The company provides physical work environments that foster creativity and productivity, and serve a roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies. At December 31, 2013, the company’s stabilized portfolio totaled 12.7 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County, and San Diego. 40% of the company’s properties were LEED certified and 53% were ENERGY STAR certified. In addition, KRC has approximately 2.5 million square feet of new office development under construction with a total estimated investment of approximately $1.5 billion. More information is available at http://www.kilroyrealty.com.

Kilroy Realty Corporation
Sara Neff
Vice President, Sustainability
310-481-8449
or
Michelle Ngo
Senior Vice President and Treasurer
(310) 481-8581