Advancing responsible resource efficiency and resilience
Pine Tree is committed to being a responsible and effective environmental steward. In addition to working with sustainability partners like EnergyStar, Measurabl and GRESB to track – and ultimately improve – our environmental footprint, since 2016 we’ve been proactively retrofitting our shopping centers to utilize LED lighting, cutting energy costs nearly in half in some cases while creating an impact equivalent to removing 1,085 cars from the road or saving 977 acres of trees from deforestation. Since 2015, Pine Tree has installed over 2.6 million square feet of energy-efficient white roofing, absorbing only 12% of the sun’s energy compared to nearly 83% with a traditional black roof. These “cool” roofs have reduced air conditioning energy consumption by up to 15% and are expected to offset nearly 30,000 tons of carbon dioxide.
Internally, Pine Tree is reducing its own carbon footprint through its on-site recycling program, avoiding single-use paper products, and advancing its paperless goals.