RREEF Commits to Real Estate Sustainability Challenge

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NEW YORK, N.Y. -- A real estate investment arm of Deutsche Bank has accepted a challenge for building stakeholders to reduce resource use and waste while increasing support for renewable energy.

RREEF North America, a part of the bank's global alternatives asset management business, RREEF Alternative Investments, has accepted the 7-Point Challenge to increase building sustainability.

The Building Owners and Managers Association International created the challenge to encourage the commercial real estate industry to adopt environmental goals and further the creation of eco-friendly initiatives. The challenge is aimed at building owners, managers and tenants.

The 7-Point Challenge includes a number of benchmarks and practices: decrease energy use by 30 percent across portfolios from 2007-2012, use Energy Star metrics to create energy performance and water use benchmarks, perform energy audits, improve operations and maintenance systems, and educate engineers, owners and operators about sustainability.

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