MBIA currently occupies 65,000 square feet of leased commercial office space at its headquarters location at 1 Manhattanville Road in Purchase, NY. The company selected the Energy Star certified building in 2013 and took the opportunity to build out the new space using the latest in environmentally-friendly and energy efficient technology. The space features LED lighting, motion sensor switches to reduce electric usage in unoccupied rooms, energy efficient IT equipment and extensive video conferencing capabilities to reduce unnecessary travel. In May of 2024, the Company notified its landlord of the Purchase, New York lease that it is exercising its right to terminate the lease in August of 2025 ("Termination Date"). In the second quarter of 2025, MBIA executed a 39-month lease for approximately 20,097 square feet of office space in Purchase, New York. The lease will commence on the company’s move in date, which has yet to be determined.
The company has encouraged a move toward a paperless office by removing personal printers from virtually all offices and workstations and requiring the usage of centrally located high-efficiency printer/copiers. The default setting for the printer/copiers is for two-sided printing/copying. Recycled paper is used in all printers and copiers. Materials for the company's Board of Directors are distributed electronically and reviewed on company-provided tablets. The company has invested heavily in imaging technology and has imaged a substantial portion of its corporate records, allowing users to easily access them without the need for making hard-copy duplicates.
As a result of MBIA's implementation of the SEC's Notice and Access program and greater investor acceptance of electronic disclosure, the company has significantly reduced the number of printed disclosures it produces each year.
Recycling is required throughout MBIA's office space. Paper recycling bins are located in all offices, workstations, conference rooms and printing/copying stations. Can and bottle recycling bins are located in each kitchen area. Water and seltzer dispensers were installed to reduce the purchase of drinks in cans and bottles. The company recycles all toner cartridges and batteries, and also uses e-waste recycling vendors for the disposal of broken or retired IT equipment.