Climate Change Data

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Resilience
• Holistic Sustainability
• Linking Sustainability Performance and Financial Performance
• Complying with an evolving regulatory landscape

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Higher interest rates hindering climate-related investments
• Reluctance of some companies to commit meaningfully to sustainability
• Disparate reporting systems slowing action
• Lack of standardized methodology for valuing sustainability initiatives
• Increased frequency and severity of extreme weather events impacting assets
• Need for greater data collection and transparency
• Difficulty in tracking evolving regulations across different levels of government
• Need for better understanding of the financial implications of decarbonization
• Need for more holistic approach to sustainability, considering health and community well-being

Mitigation Strategies

• Developing standardized methodologies to assess transition risks in asset valuation
• Focusing on basic operational efficiency practices to reduce emissions
• Collaborating with tenants to improve energy efficiency
• Leveraging existing tools and resources to support decarbonization efforts
• Expanding investigations into the impact of various climate hazards on assets
• Improving data collection, benchmarking, and knowledge sharing
• Adapting to new policies requiring transparent reporting of sustainability data
• Developing a common industry methodology to assess transitional climate risks
• Incorporating health and well-being standards into ESG principles
• Embracing nature-based solutions for climate mitigation and health benefits
• Developing advanced analytics capabilities to inform climate-related decisions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Extreme heat
• Wildfires

Transition Risks

• Regulatory changes
• Market shifts
• Stranded assets

Opportunities

• Development of energy-efficient products
• Investment in resilience measures
• Nature-based solutions

Reporting Standards

Frameworks Used: ISSB, CSRD, IFRS 1 and IFRS 2, TCFD, SEC proposed climate-related disclosure rules

Certifications: BREEAM, DGNB

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed