The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Green roots in emerging markets

AIG builds on its Brics and mortar


AIG Global Real Estate started going green almost 15 years ago, backing into environment-friendly practices almost by accident while working in Puerto Rico. Since those early days, AIG has imported sustainable methodology to its developed-market projects.

In Puerto Rico, AIG was developing a building one of whose selling points would be its capacity to generate 100% of its own power requirements. At the time, it believed the ability to provide a constant power supply would be a differentiator on leasing. And it was, enabling AIG to command the highest rents in the market. However, delivering the power supply turned out to be a challenge.

The idea was to build generators in the building to compensate for an unreliable power supply. In order to keep the size of the generators down, they needed to reduce power consumption. Working with their engineers, AIG came up with a solution that was new at the time, using tanks of glycol (a liquid somewhat like antifreeze), which it froze at night when power demand was relatively low. During the day the air-conditioning blew air over the glycol, which melted during the day.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree