REBNY Meets with United Nations Environment Program – Finance Initiative on Sustainability


REAL ESTATE WEEKLY: The New York City real estate industry’s biggest lobbyist recently met with members of a group that is part of the world’s biggest intergovernmental organization with one big topic in mind: sustainability.

In construction and real estate nationwide, sustainability has become a high priority, especially in the wake of a string of natural disasters around the world that have forced many to reevaluate the resiliency of their properties.

United Nations Environment Program – Finance Initiative (UNEP FI) is a partnership between UNEP and the global financial sector created in the context of the 1992 Earth Summit, with a mission to promote sustainable finance...

The REBNY committee released a “REBNY Sustainability Statement” coinciding with Climate Week 2017 this month, which they presented at the meeting with UNEP FI.

The statement consists of six commitments to the creation and promulgation of principles regarding fiscally, socially, and environmentally responsible business practices among real estate management firms in NYC. The REBNY Sustainability Committee will allow any firm that provides real estate management services to adopt the statement...

Companies that have adopted the statement so far include: ATCO, Brookfield Property Partners, CodeGreen Solutions, Fetner, the Durst Organization, Kibel Companies, LaSalle Investment Management, RFR, Silverstein Properties, TF Cornerstone, Time Equities, SL Green Realty Corp., Vornado Realty Trust, Rudin Management Company, and Tishman Speyer. (continued...)




Photo Caption (from left to right): Susan Elbin, Director of Conservation and Science for the NYC Audubon; Kenneth Sanchez, Senior Vice President of Facilities at the Javits Center; Marsilia Boyle, Senior Vice President for Development at the LeFrak Organization and a Board Member of NYC Audubon; Kathryn Heintz, Executive Director of Origination and Commercial Real Estate at NYC Audubon; Bruce Fowle, Chairman Emeritus of FXFowle Architects, the lead architect on the redevelopment of the Javits Center; Parker White, Director of Origination and Commercial Real Estate, Hannon Armstrong (UNEP FI member); Jessica Elengical, Vice President of Alternatives and Real Assets and Head of ESG Strategy at Deutsche Asset Management (UNEP FI); Maya Jaber, Director of Sustainability for Time Equities, REBNY Sustainability Committee member; Jonathan (JP) Flaherty, Senior Director of Sustainability and Utilities at Tishman Speyer, REBNY Sustainability Committee member; Ryan Baxter, Vice President of Public Affairs, Management Services, and Government Affairs at the Real Estate Board of New York (REBNY); Matt Ulterino, ‎ Property Investment Project Coordinator for the United Nations Environment Programme Finance Initiative (UNEP FI); Paul Edwards, Partner of Investments & Marketing, Capri Capital Partners LLC (UNEP FI member); David Schafer, Chief Operating Officer and General Counsel at Counterpointe; Jaclyn Popkin, Property Manager at RFR Realty, REBNY Sustainability Committee member; Alan Steel, President & Chief Executive Office of the New York Convention Center Operating Corporation, which operates the Javits Center

Not pictured, but in attendance at the meeting: Luis Rios, Assistant Vice President of Operations and Sustainability at Rudin Management Company, Inc.; and Chris Cayten, Principal at CodeGreen Solutions