FirstService has launched an energy management company FS Energy, for environmental change by improving energy efficiency and lowering operating costs across the company's extensive property management portfolio in the US.

FirstService said FS Energy will initially concentrate on the 450 high rise buildings the company manages in New York City.

FS Energy’s unique database tracks historical energy consumption and costs, enabling benchmarking and the creation and implementation of customized energy reduction plans.

FirstService president and COO Scott Patterson said in addition to fulfilling the company’s social responsibility to safeguard the environment, FS Energy aims to reduce energy costs and consumption by 25% in our New York City residential properties by 2013.

The company said the launch commences with the issuance of energy report cards to the hundreds of properties managed by Cooper Square Realty in New York City.

The energy report cards are a product of FS Energy’s proprietary benchmarking database, which contains historical energy usage, cost and typology information on more than 450 buildings.