Environmental

ENVIRONMENTAL

The impact we have on the environment counts.

Developing strategies that reduce our environmental impact and operational costs is a critical component of our program. 

ACTIONS

We strive to employ key actions to improve and further enhance our environmental footprint, which include:

Track and monitor all landlord-paid utilities and track tenant utility data wherever possible
Strategically implementing green building certifications to highlight sustainability initiatives and pursue ENERGY STAR certification for eligible properties annually
Annually review and evaluate sustainability opportunities to improve efficiency, reduce operating costs and reduce properties' environmental footprint
Evaluate the opportunity to increase renewable energy across the portfolio
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" 17.3 million square feet 17.3 million square feet  of green building certifications"

549 Wingo Rd-INT-07

" Over 5 million square feet Over 5 million square feet  of green leases executed in 2023"

TARGETS

We’ve established the following targets in an effort to align with environmental best practices that are suitable for the nature of our portfolio. These targets are baseline year of 2019 and are subject to change annually.

25% reduction in operational, landlord-controlled Scope 1 and 2 GHG emissions of real estate investments over 10 years (2.5% annually)
25% reduction in operational, landlord-controlled energy consumption of real estate investments over 10 years (2.5% annually)
15% reduction in water consumption over 10 years (1.5% annually)
40% diversion rate within 10 years

PERFORMANCE

Our progress in respect to our key actions is well underway as we continue to execute our initiatives and targets.

Energy Efficiency
Evaluated sustainability and efficiency initiatives across the portfolio to reduce energy consumption and drive down greenhouse gas emissions
Utilities
Benchmarked landlord paid energy, water, waste and recycling across the portfolio and working to expand tenant-paid utility coverage
Green Building Certifications
24 green building certifications across the portfolio; continue to assess the portfolio for additional certification
Resources
Circulated sustainability-focused resources for tenants and property managers, including a Tenant Fit-Out Guide and an Industrial Tenant Sustainability Guide

"Installed or committed to install LED lighting retrofits for ~3M square feet ~3M square feet of space"

GREEN CERTIFICATIONS

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Our ESG program is aligned with INREV, GRESB, GRI and UNPRI. Data provided herein has been reviewed by RE Tech Advisors and represents a snapshot of current performance.

Derrick Johnson

Independent Trustee

Mr. Johnson has served as an independent trustee since July 2022. Mr. Johnson has extensive experience across strategy, marketing, business development, finance and operations, specifically logistical operations, within organizations ranging from startups to Fortune 50 companies.

Experience:

  • Currently, Senior Vice President and Chief Operating Officer at Agiliti, a medical equipment management and services company
  • Former President of Southeast at United Parcel Service (UPS), holding a variety of strategic and operational roles for over 20 years
  • Member of the Georgia Commission on Freight and Logistics
  • Previously, Mr. Johnson was an Associate of Fixed Income Sales at Citigroup and an Associate at Oliver Wyman (formerly Mercer Management Consulting)

Mr. Johnson brings operational and logistics expertise, with specific knowledge of the logistics user experience and provides our Board of Trustees with related insight.

Committee Memberships

  •  Audit and Cyber Risk 
  • Nominating and ESG