Environmental
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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
" 17.3 million square feet 17.3 million square feet of green building certifications"
" 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 2022 and are subject to change annually.
Achieve operational Net Zero for Scope 1 and 2 emissions by 2030.
Obtain energy data coverage for over 40% of the portfolio* by 2030.
Achieve green building certifications across 40% of the portfolio* by 2030.
Achieve LED lighting at 90% of the portfolio* by 2030.
* For consolidated portfolio, by square feet
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
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.