The Bank of New York Mellon Corporation (NYSE: BK) announced that One Wall Street, the company's global headquarters, has earned the prestigious Energy Star.
This national symbol for superior energy efficiency and environmental protection, presented by the U.S. Environmental Protection Agency (EPA), signifies that the building's energy performance rates in the top 25 percent of facilities nationwide.
Currently, BNY Mellon has 10 ENERGY STAR-certified commercial office properties totaling 5.4 million square feet.
"Owning a building that achieves top energy performance is a sign of good management, but owning a portfolio of high-performance, energy-efficient buildings demonstrate environmental leadership and superior management," said Kathleen Hogan, director of EPA's Climate Protection Partnerships Division. "The ENERGY STAR distinguishes organizations like The Bank of New York Mellon who are taking environmental responsibility into their own hands."
"BNY Mellon has set high standards for the environmental performance of our buildings and operations," said Chip Logan, managing director of global facilities services, The Bank of New York Mellon. "We're honored that our environmental sustainability initiatives and energy management programs have resulted in the ENERGY STAR designation for such an historic address."
Improving the energy efficiency of the nation's buildings is critical to preserving the environment and natural resources. According to the U.S. Department of Energy, the energy used by commercial and industrial buildings in the U.S. is responsible for nearly 50 percent of the nation's greenhouse gases emissions.
Commercial buildings that earn the ENERGY STAR label use an average of 35 percent less energy than typical buildings and also release 35 percent less carbon dioxide into the atmosphere. The EPA's national energy performance rating system provides a scale from one to 100, which helps organizations assess how efficiently their buildings use energy relative to similar buildings nationwide. A building that scores a rating of 75 or higher is eligible for the ENERGY STAR, indicating that One Wall Street is more energy efficient than 75 percent of comparable commercial buildings.
Opened in 1932, the 52-story art deco building is located at the corner of Wall Street and Broadway in the heart of the Financial District. The company has employed numerous new technologies to monitor, manage and reduce energy consumption over the years and it continues to look for cost-effective ways to conserve energy and reduce the building's operating costs. The building's peak performance and energy efficiency can be attributed to:
- New Windows
- Variable Frequency Drives (VFDs) on major HVAC equipment
- HVAC control upgrades