Note
This publication is available exclusively to Munich Re clients. Please contact your Client Manager.
20 July 2011 | Corporate Responsibility
Princeton, New Jersey, 20 July 2011 – Munich Reinsurance America (Munich Re) was recently recognized for its energy reduction efforts by the New Jersey Chapter of the Building Owners and Managers Association (“BOMA”). Munich Re received First Place in the Energy Reduction Category for New Jersey Office Buildings in 2010 for lowering energy consumption at its four building USA headquarters in Princeton, NJ, by 35 percent from the previous year.
The presentation was made at BOMA NJ’s
first annual Building Energy Reduction Awards ceremony held May
25th at The Newark Club in Newark, NJ. Presenting the award was New
Jersey Board of Public Utilities Commissioner Joseph L.
Fiordaliso.
“From our products to our operations,
Munich Re is proud of its reputation as an industry leader in
environmental sustainability, and believes that one of the best
ways to lead is by example,” said Tony
Kuczinski, president and CEO of Munich Reinsurance America.
“We are very honored to be singled out from
the field of well-deserving nominees to receive this award. It is
just one more reinforcement of our commitment to not only be an
environmentally conscious corporate citizen, but our determination
and ability to embrace innovation and implement cutting-edge
technology to address the challenges facing our company, clients
and society.”
The organization achieved carbon neutrality in its Munich
headquarters in Germany in 2009, and targets 2012 to be carbon
neutral throughout its worldwide reinsurance group operations. To
help meet this goal, Munich Reinsurance America announced in June
it has contracted with SunPower Corp – a
leading solar energy equipment provider –
to install a 2.5-megawatt solar generation system at its Princeton
offices. The project, is estimated to shrink the
company’s carbon footprint equivalent to
removing 400 cars from the road each year, and cut its annual
electric bill by about a half million dollars.
Other ongoing conservation projects at the Princeton office
included the retrofit of all general office lighting, installation
of a sophisticated campus-wide lighting control system, and
integration of a state-of-the-art Building Automation System for
the HVAC plant.
The BOMA NJ awards program is intended to recognize owners who
have significantly reduced the consumption of electricity at their
commercial properties. Nominees needed to document the energy
conservation measures taken and corresponding empirical results
over the last five years, submitting an executed energy reduction
plan.
Interesting? Share this content on your favourite social media platform.
© Copyright 2015 Munich Reinsurance America, Inc. All Rights Reserved.
This publication is available exclusively to Munich Re clients. Please contact your Client Manager.