Brandywine Realty Trust Receives 2022 Green Lease Leader Platinum Recognition
PHILADELPHIA, Pa., May 31, 2022 – Last week, the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance recognized Brandywine Realty Trust (NYSE: BDN) as a 2022 Platinum Level Green Lease Leader during the Better Buildings, Better Plants Summit. Launched in 2014, Green Lease Leaders set national standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost savings, air quality, and sustainability in buildings.
Brandywine was honored with the Platinum certification level, the program’s highest available level of recognition, for our dedication to designing, building, and maintaining a real estate portfolio that reflects an uncompromising commitment to excellence and sets the stage for a collective sustainable future. Brandywine qualified for credits in energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements and sustainability training to receive this recognition.
“The newly introduced Green Lease Leader Platinum certification level is critical to furthering partner relationships between tenants and landlords working together to create a carbon-neutral future,” said Ron Becker, Senior Vice President, Sustainability and Operations at Brandywine Realty Trust. “We are honored to be recognized with this certification. It further demonstrates our commitment to tenant partnership and the impact we can make together to drive down utility consumption and protect our environment.”
Brandywine joins and congratulates the seven other landlords in the inaugural class of Platinum Green Lease Leaders—who are all driving the national trend toward green leases in commercial spaces. Alongside Brandywine, this year’s Green Lease Leaders represent portfolios totaling nearly 2 billion square feet.
In the commercial sector alone, green leasing has the potential to impact 8 percent of leased space nationwide. IMT estimates that green leases can help reduce utility bills by up to about 50 cents per square foot (22 percent) in U.S. office buildings alone, and if all leased office buildings executed green leases, the market could reap over $3 billion in annual cost savings.
Through Brandywine’s commitment to sustainability initiatives, we provide best-in-class building environments that are resource-efficient and emphasize the health and well-being of our employees, tenants, and visitors. Our environmental best practices are designed to drive value by reducing operating costs and mitigating risk exposure while providing exceptional spaces for tenants.
Learn more about Brandywine’s sustainability journey by visiting brandywinerealty.com/responsibility.
About Brandywine Realty Trust: Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly-traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Austin and Washington, D.C. markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 168 properties and 23.1 million square feet as of March 31, 2022 which excludes assets held for sale. Our purpose is to shape, connect and inspire the world around us through our expertise, the relationships we foster, the communities in which we live and work, and the history we build together. For more information, please visit www.brandywinerealty.com.