Environmental
Developing strategies that reduce our environmental impact and operational costs is a critical component of our ESG program. When feasible, we will implement base building upgrades and provide tenants with improvement allowance to complete sustainability efforts.
Objectives
- Track and monitor all landlord-paid utilities and track tenant utility data wherever possible
- Strategically implement green building certifications to highlight sustainability initiatives where feasible
- Annually review and evaluate sustainability opportunities to increase efficiency and reduce costs
- Evaluate the opportunity to increase renewable energy (e.g. solar) across the portfolio
Targets
- 25% reduction in GHG emissions over 10 years (2.5% annually)
- 25% reduction in energy consumption over 10 years (2.5% annually)
- 15% reduction in water consumption over 10 years (1.5% annually)
- 40% diversion rate within 10 years
Energy Efficiency & Renewables
Many of LXP’s industrial properties have energy efficient features, such as energy management systems, LED lighting and solar arrays.
LXP Industrial Facility - Memphis, Tennessee Industrial Market
Recent Recognition
LXP currently has 14 Green Building certifications within its portfolio. Additionally, in August 2019, LXP received a Clean Air Award for 2019 from the National Air Filtration Association for its Richmond, VA joint venture asset.
Our ESG program is aligned with INREV, GRESB, GRI and UNPRI. Data provided herein has been reviewed by LORD Green Strategies and represents a snapshot of current performance.
