Jones Lang LaSalle Joins Ceres’ Network of Companies
BOSTON, MA - July 28 2008 - Citing the company’s commitment to lead the real estate industry on environmental sustainability and energy efficiency, the Ceres board of directors has approved Jones Lang LaSalle, a financial and professional services firm specializing in real estate services and investment management, as a Ceres network company. Jones Lang LaSalle is the first real estate-sector firm among more than 70 companies to join Ceres, a leading coalition of investors, environmental groups and public interest organizations working with companies to address sustainability challenges.
Earlier this year, the Chicago-based company released its first sustainability report, as well as a Global Sustainability Commitment which includes high level targets and goals for increasing best practices for new building construction, improving building energy consumption, increasing employee sustainability training and education, leveraging supply chain power procurement and measuring carbon emissions.
“We view sustainability as an essential element of corporate social responsibility. We also strongly believe the pace of the necessary sustainability agenda will accelerate as the revenue growth and cost savings opportunities for companies that incorporate best practices and innovative thinking into their business models take hold,” said Lauralee Martin, Chief Operating and Financial Officer of Jones Lang LaSalle. “In our goal to be the real estate industry leader in environmental sustainability and energy management, we are implementing these opportunities into our own operations and those of our corporate and investor clients. We look forward to working with Ceres, a leader in driving corporate sustainability performance to enhance financial results.”
In 2007, Jones Lang LaSalle helped companies reduce energy consumption by 210 million kWh, thereby saving $38 million in energy costs and reducing greenhouse gas emissions by 133,000 metric tons.
“Jones Lang LaSalle’s strong commitment to sustainability is exciting and has potential to transform an entire industry,” said Mindy S. Lubber, president of Ceres. “The company’s top executives recognize the competitive advantage of making its own internal operations more sustainable, but more importantly, of helping its clients do the same, which will truly impact the real estate industry as a whole.”
Jones Lang LaSalle clients include many Ceres network companies. The firm was motivated to engage with Ceres to deepen its interaction with stakeholders and expand and formalize its sustainability programs. Companies that join Ceres must make continuous efforts to improve their sustainability performance and overall reporting practices by engaging with investors, environmental groups and other outside stakeholders.
Ceres
Founded in 1989, Ceres is a leading North American network of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. Ceres also directs the Investor Network on Climate Risk, comprised of more than 65 institutional investors who collectively manage over $5 trillion in assets. For more information, visit www.ceres.org
Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenues of $2.7 billon, Jones Lang LaSalle has approximately 180 offices worldwide and operates in more than 700 cities in over 60 countries. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse real estate with approximately $54 billion of assets under management. For further information, please visit our Web site, http://www.joneslanglasalle.com/.