CLEVELAND, Aug. 29, 2011 /PRNewswire/ -- Cleveland-based KeyCorp, one of the nation's largest bank-based financial services companies, has chosen its long-standing real estate advisor, Jones Lang LaSalle, to develop and implement an enterprise-wide program centered on energy and sustainability strategies that will drive shareholder value in line with the bank's best-in-class vision.
The program will include property-focused strategies such as energy management, carbon footprint measurement and reduction and sustainable workplace initiatives. Jones Lang LaSalle will work closely with KeyCorp to design and execute opportunities to engage KeyCorp employees, suppliers and other stakeholders in sustainability. Both firms view this combined stakeholder collaboration as a powerful tool for innovation.
Jones Lang LaSalle has performed transaction management, occupancy planning, project management, mobile engineering and strategic consulting services for KeyCorp's 3.5 million square feet of office space and 5.6 million square feet of retail branch banks since 2009.
"We are focused on making our entire value chain more sustainable, because this is the right thing to do for our shareholders and the communities we serve," said KeyCorp CEO Beth Mooney. "Higher levels of sustainability will improve operating efficiency, reduce our risk, and grow the top line."
"KeyCorp has already deployed several sustainability tactics, including the achievement of LEED certifications and a waste-reduction effort that saved 20 million sheets of paper last year," said Key's Peter Hemme, Executive Vice President, Real Estate. "Now, with Jones Lang LaSalle's help, we are taking an industry leadership position by expanding sustainable practices to every aspect of our business."
The Jones Lang LaSalle team is led by Senior Vice Presidents Michael Jordan and Mark Collins, and includes professionals from the firm's Corporate Solutions and Energy and Sustainability Services teams.
"Our approach is designed to put in place a robust framework that will help KeyCorp to plan, run and improve its business to a triple bottom line," Jordan said. "We'll focus on leadership development, metrics, and a multi-year game plan that the entire organization can support. Partnering with the corporate real estate team puts sustainability into every office, community and long-term business decision."
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/. For up-to-date information, media contacts and facts and figures on Key lines of business, visit KeyCorp's media newsroom at http://key.com/newsroom.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with more than $43 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
SOURCE Jones Lang LaSalle