news—03.26.2024

Clarion Partners Earns 2024 ENERGY STAR Partner of the Year Award

Press Release

Clarion Partners Earns 2024 ENERGY STAR Partner of the Year Award

​​​​New York, NY (March 26, 2024) - Clarion Partners, LLC has been recognized as an ENERGY STAR Partner of the Year for the second consecutive year by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.*

Each year, the ENERGY STAR program honors a select group of businesses and organizations that have made outstanding contributions to energy efficiency and the transition to a clean energy economy. ENERGY STAR Partner of the Year award winners lead their industries in the production, sale, and adoption of energy-efficient products, homes, buildings, services, and strategies. These efforts have saved more than 5 trillion kilowatt-hours of electricity over the past 30 years.​

Clarion Partner's recognition as an ENERGY STAR Partner of the Year Award highlights the Firm's energy management program, which utilizes data tracking and benchmarking to drive new strategic initiatives. The Firm surveys our properties to review compliance with benchmarking legislation, track important sustainability data, and facilitate the recommendations of efficiency improvements and pursuit of ENERGY STAR certification where applicable. In 2023, Clarion Partners achieved ENERGY STAR certification for 75 properties and implemented 241 energy efficiency projects, including the installation of shadow meters and LED lighting.**

One of the Firm's projects was the launch of an LED lighting retrofit program to analyze 63 million square feet of assets and identify the best candidates for retrofit opportunities. As of December 2023, 89 retrofit projects had been completed, covering 21 million square feet of industrial warehouses; this initiative is expected to save approximately 9.8 million kilowatt-hours (kWh) in energy consumption. In addition, Clarion also piloted enhanced “green" Property Condition Assessments (PCAs) on a select group of assets with the goal of identifying actionable decarbonization opportunities.

“Clarion Partner's goal to improve energy efficiency across our portfolio continues to be the backbone of our sustainability strategy and we are honored to be recognized by ENERGY STAR once again," said Karen Mahrous, Head of ESG for Clarion Partners. “Working together with our ecosystem of stakeholders, we continue to make progress on our top priorities utilizing ENERGY STAR's extensive suite of tools and resources."

Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2024 winners and more information about ENERGY STAR's awards program, visit energystar.gov/awardwinners.​

Definitions

Footnotes

* The 2024 ENERGY STAR Partner of the Year Award is is​sued by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy, and is valid in perpetuity. Clarion did not pay a fee to apply for this award.

** ENERGY STAR certifications are issued by the U.S. Department of Energy on a rolling basis and are valid for one year. Properties must re-certify to maintain certification standing. These Clarion properties held valid certifications as of December 31, 2023.​

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Investment in real estate is speculative and involves significant risk. For more information about certain of the material risks and limitations associated with Clarion Partners’ investment advisory products, strategies and services, please see Clarion’s current Form ADV Part 2A brochure, which is available on the SEC’s Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov/firm/summary/108803. Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

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