The environmental impact directly related to energy production is vast and is an issue we are working to change on a global scale. At CREF, we understand how Operators and Asset Owners can capitalize on ESG initiatives, to ensure they are positively managing their company’s carbon footprint.
Since 2010, we have helped one of our key partners avoid the emission of Greenhouse Gases across their entire hospital portfolio, resulting in a total savings of $23.1-million. By investing in various building improvements and green initiatives – lighting retrofits, ventilation, plumbing, solar development – our client achieved significant annual cost savings, while at the same time offsetting the impact that carbon emissions have on the communities we serve.
As a direct result, our client avoided release of 18,013 metric tons of CO2 in 2021. This financial savings is equal to revenue from 2,444 inpatient days per month; taking 2,338 cars off the road for one year; planting 115,017 trees and letting them grow for a decade; and energy used in 2,170 homes for one year.
Over the past ten years, energy conservation has provided a cost savings of $18.3-million, with another $4.8-million in savings due to combined health and climate benefits ($2.7-million from adverting negative impacts of climate change and $2.1-million from reductions in air pollution) for a total of $23.1-million.