JLL Joins the Environment Cause

Jones Lang LaSalle Inc. (JLL - Analyst Report) is a leading full-service real estate firm that provides corporate, financial, and investment management services.

The company recently signed the Business for Innovative Climate and Energy Policy (BICEP) project developed by Ceres in association with Nike Inc (NKE - Analyst Report), Starbucks Coffee Co. (SBUX - Analyst Report), and Sun Microsystems Inc. (JAVA). Ceres is a coalition of investors, environmental activists, and other public interest groups, directing the Investor Network on Climate Risk – a group of over 70 leading institutional investors with collective assets of more than $7 trillion. BICEP was formed in 2009 by leading entrepreneurs of the world and certain Congressmen to lobby for the passing of relevant energy and climate change laws to address the risks and challenges posed by global climate change.

JLL was the first real estate firm to join BICEP. By joining the project, the company has reinforced its commitment to reduce the impact of business activities on the environment while maintaining its profitability. In its quest for reducing global industrial pollution, JLL has also implemented innovative energy saving solutions for its clients.

In 2008, the company emitted an estimated 44,000 metric tons of carbon dioxide into the atmosphere – roughly 3.2 tons per full-time employee. In the same time frame, JLL helped clients reduce CO2 emissions by more than 438,000 tons, resulting in energy savings of $95 million.

JLL has a talented pool of Energy and Sustainability Services professionals who reduced nearly 2.7 trillion British thermal units of energy consumption, equivalent to reduced annual CO2 emissions by 80,000 cars or 40,000 households. Furthermore, JLL also acquired hybrid vehicles for its US maintenance program, in order to reduce pollution and conserve fuel.

JLL is continuing with its social obligations through innovative forums like BICEP. This helps us to continue our favorable long-term outlook of the company and maintain our Hold rating.

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