The Tower Companies on the Journey to Net Zero™

In pursuit of their ambitious net zero goals, the Tower Companies employs an array of strategies. They begin by prioritizing their least efficient assets and looking at their capital needs. Considering these needs alongside proven technologies to address them, they implement these improvements – such as more efficient HVAC systems – to advance the asset’s sustainability (Lanciano 2024). Proactively assessing new methods, they’re determining the feasibility of electrification for large residential assets and are evaluating technologies like thermal storage.

Additionally, The Tower Companies has placed substantial emphasis on clean energy generation. Producing approximately one gigawatt hour of solar energy across their assets in 2024, this investment is further supported by their renewable energy and carbon offset procurement efforts. In 2023, they purchased 25,500 MWh of RECs and carbon offsets equivalent to 2,650 tonnes CO2e for the assets in their portfolio. This commitment supplements their onsite renewable energy generation and energy efficiency measures, and demonstrates their broader understanding that a multifaceted approach is necessary to “fully decarbonize their operational portfolio by 2047” (Lanciano 2024), the centennial of the company’s founding.