A Leading Portfolio of Sustainability Programs
Vornado operates its buildings sustainably and efficiently by establishing best practices in energy and water conservation, carbon reduction, resource and waste management, and ecologically sensitive procurement.
We implement solutions that go beyond risk-proofing. Our goal is to create value for our tenants and investors through systems and infrastructures that allow continuous measurement, monitoring and improvement of our portfolio’s performance.
ENERGY INFORMATION PORTAL (EIP)
As a long term owner, Vornado operates our building to the highest possible standard. The Energy Information Portal is a web based tool that provides tenants with real-time monitoring of their energy consumption.
Investing in Sustainability Initiatives
Energy Efficiency Capital Expenditure FundVornado's dedicated Energy Efficiency Capital Expenditure (CAPEX) Fund allows the company to strategically invest in building retrofits in order to improve operating efficiency at properties across our portfolio. Since 2012, the fund has invested $15 million in sustainability projects, with an average payback of three years.
Penn Plaza Cogeneration PlantIn 2010, Vornado installed a 6.2-megawatt cogeneration project at One Penn Plaza in New York City. This plant provides up to 60 percent of the building's electricity and up to 30 percent of the building's steam requirement, making it one of the largest cogeneration projects ever to be integrated into an existing New York City office building.
Energy Information PortalIn 2009, Vornado launched the proprietary Energy Information Portal (EIP)—a tool to provide tenants with real-time monitoring of their energy consumption—in our New York portfolio. Collecting pulse output readings from 3,000 submeters, the EIP displays consumption to tenants and building operators in graph and table format, enabling them to see the success of their energy-reduction activity—and the associated cost savings—on a real-time basis.
Automated Demand ResponseVornado is a leader in automated electric demand response and curtailment. As we upgrade energy infrastructure and controls, we also build the infrastructure needed to support the electrical grid during critical periods via automatic electrical load shedding.The TSC also delivers outstanding building services, including a state-of-the-art Web-based Service Request initiation and tracking system that allows property managers, building engineers, tenants and vendors to communicate in real time. The Vornado Tenant Services System eliminates paper-based work orders and allows tenants to initiate and track their requests for service and maintenance.
Waste Reduction and Resource Management
Vornado’s Recycling Process in Office Buildings
StartEstablish a program.
CollectionEducate tenants to keep wet and dry waste separate. Train cleaning staff to gather waste in appropriate containers.
HaulingWork with hauling companies that understand our goals.
Weighing & SortingRequire hauling companies to provide waste stream data on a regular basis.
Make ImprovementsReview building-level waste data and make improvements on an annual basis.