TEC'S EBP WINS CLIMATE CHANGE LEADERSHIP AWARD

Thursday, 30 July 2009 00:23

The Existing Buildings Project (EBP), a partnership between TEC and leading members of Australia's commercial property sector has won a Green Globe Award for Climate Change Leadership. EBP is the largest existing building upgrade program of its kind in the world.

It has already reached its initial target of encouraging 10 per cent of Australia's investment grade office buildings to reduce their carbon footprint by up to 40 per cent below the market average by 2012. Some of the world's biggest names in business are participating including GPT Group, Macquarie Office Trust, the Australian Prime Property Fund and Brookfield Multiplex, accounting for around 100 office towers throughout Australia's major CBDs.

Once these emissions targets are achieved Australia's annual greenhouse gas emissions will be reduced by over 100,000 tonnes.