CoreNet Global Selects Four Winners for Global Innovator's Awards Harvard University, Johnson Controls, The Hartford and Royal Bank of Scotland Win Real Estate Award

CoreNet Global Selects Four Winners for Global Innovator's Awards Harvard University, Johnson Controls, The Hartford and Royal Bank of Scotland Win Real Estate Award

Press Release
October 24, 2005

LAS VEGAS, NEVADA - October 24, 2005 - CoreNet Global, the world's leading professional association for corporate real estate executives, announced today the four winners of its annual H. Bruce Russell Global Innovator's Awards at the CoreNet Global Summit in Las Vegas.

The four winners, Harvard University, The Hartford, Johnson Controls Inc. and Royal Bank of Scotland were chosen from a group of ten finalists that presented at Harvard University on August 3 and 4.

Harvard University received a Global Innovator's Award for its Best Value Procurement System. Harvard University's decentralized organization created problems for managing the school's large capital program. The problems often centered on uneven vendor performance. Through its Performance Information Procurement System (PIPS), the university fostered a win-win' environment based on performance and competition among vendors. PIPS also features an information-rich, free market system for bidding along with vendor quality control, a contractor performance database and reduced risk of cost overruns.

The Hartford was chosen to receive this honorable award for its Northside Institutions Neighborhood Alliance (NINA). Hartford partnered with Aetna, Massachusetts Mutual Life, ING Group, Saint Francis Hospital and Webster Financial Corp in 2003 to form NINA and work with the neighborhood groups to affect change and boost community reinvestment in the Asylum Hill neighborhood of Hartford, CT.

Johnson Controls Inc. was honored for its "Solutions Navigator" assessment tool. The Solutions Navigator is a tool used to assess customer needs and opportunities for improvement. It evaluates how facilities and infrastructure can better support an organization and stakeholders, now and long-term. Based on Six-Sigma, the primary client benefit is rapid, cross-functional prioritization of facility needs and improvement practices, using a structured, interactive process. It develops strategic plans, balanced scorecards, energy management plans, security and safety plans, and more.

The Royal Bank of Scotland (RBS) has a been a Global Innovator's Awards finalist for two years in a row, but this year they came away a winner for their "Embedded Culture of Innovation" initiative. RBS continued its journey toward embedding a culture of innovation against a fast-growth scenario where profits rose 15% last year. The initiative is comprehensive, spanning eight key areas of work and focus: Front of House; Supplier Engagement; Workplace; Academic Partnership; Innovation Culture; Process Improvement; Sustainability; and Technology. The RBS Group Workplace Operations unit carries out the initiative.

The H. Bruce Russell Global Innovator's Awards program, now in its eighth consecutive year, showcases solutions, best practices and innovations in corporate real estate and workplace management. The program has resulted in powerful, shared learning that demonstrates the best of what CoreNet Global can offer its members.

The 2005 Global Innovator's Awards finalists also included:
  • Cisco Systems
  • Key Corp/Johnson Controls
  • Sprint
  • Clancy & Theys Construction
  • Cushman & Wakefield/Marks & Spencer
  • Los Angeles County Economic Development Corp.

The Global Innovator's Award is sponsored by Equis, Gensler and Deloitte.

CoreNet Global members manage US $1.2 trillion in worldwide corporate assets consisting of owned and leased office, industrial and other space. With 7,500 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, Europe, Latin America and North America, including Canada.