FS Energy, a division of FirstService Residential, has evolved from a pilot energy master plan created in 2009 for the nation's leading residential property management firm to its vision of being a market-transforming, energy services company. FS Energy's primary mission is to improve energy efficiency and reduce operating costs in residential and commercial buildings. Our mission is to reduce energy consumption by 20% and costs by 25% in each of our client buildings by 2013.

To achieve that goal, FS Energy has developed a unique, holistic approach that centers on its creation of a proprietary energy benchmarking database. This database includes comprehensive historical energy consumption data for hundreds of residential and commercial buildings. FS Energy utilizes this data to determine its Building Energy Rating Guide (BERG) score. By applying this data analysis and comparison of energy consumption across its portfolio FS Energy is able to determine which energy services and solutions would be cost-effective solution to a property.

FS Energy comprehensive energy solutions and relationships in the energy, property management, and construction industries uniquely position it to cost-effectively create value for its clients.
This commitment to benchmarking and continuous measurement of building energy performance will result in FS Energy's ability to significant reduce energy consumption and a building's environment footprint.

FirstService Residential is the market leader in the management of residential communities across the United States. FirstService Residential manages more than 3,700 communities, representing one million residential units in low to high-rise co-operatives and condominiums, master-plan and single-family home homeowner associations ("HOAs") and rental properties.
As the market leader, FirstService Residential has recognized its opportunity and social responsibility to positively impact our communities and the world around us by building energy and sustainability practices into daily operations.
In 2009, FirstService Residential launched FS Energy, its energy master plan program for the North East with the goal of reducing energy consumption by 20% or $25 million within its portfolio of 350 residential high-rises representing 70,000 units in the region. The importance of this pilot program and its goals for the multifamily segment of the market were recognized by the United States Green Building Council (USGBC) when they selected FirstService Residential to present at GreenBuild Phoenix in 2009.
FirstService Residential believes that accelerating investment in its energy and capabilities and the recruitment of a leader to drive this important strategic initiative will further enhance its leadership position as it continues to deliver value-added services to its clients' properties.
FirstService Residential is the residential property management division of FirstService Corporation [NASDAQ: FSRV]. FirstService is a global diversified leader in the rapidly growing real estate services sector, providing services in: commercial real estate; residential property management; and property services.

Industry-leading service platforms include Colliers International, the third largest global player in commercial real estate services; FirstService Residential Management, the largest manager of residential communities in North America; and TFC, North America's largest provider of property services through franchise and contractor networks.

FirstService generates over US$1.7 billion in annualized revenues with more than 18,000 employees worldwide