Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced annual water usage by 2.4 million gallons (2.4 million gallons/year)
• Achieved 76% landscape-related water savings
• Reduced energy use by 37% in lighting compared to code
• Improved building envelope efficiency by 16% compared to code
• Diverted more than 75% of construction debris from landfills

Social Achievements

• Provided bike storage and showers for employees promoting alternative transportation
• Offered a 20% discount on valet parking for low-emission vehicles
• Provided complementary Car2Go memberships to residents
• Employs approximately 300 full- and part-time staff at W Austin and Residences
• More than 450 additional people are employed at ACL Live, retail, and offices

Governance Achievements

• Developed a green operations plan and tenant guidelines
• Established the Green Operations Opportunities (GO2) program for LEED-EBOM certification
• Implemented a green cleaning policy using sustainable purchasing for cleaning materials

Climate Goals & Targets

Environmental Challenges

• Site was a brownfield with contaminated soil
• Mitigating the heat island effect in an urban environment
• Minimizing energy usage associated with a music venue

Mitigation Strategies

• Excavated and properly disposed of contaminated soil
• Used light-colored, reflective paving, vegetation, and reflective roofing
• Installed LED stage lighting at ACL Live
• Utilized City of Austin Paul Robbins District Cooling Plant

Supply Chain Management

Responsible Procurement

• 23% of materials were extracted, processed and manufactured within 500 miles of the project site
• Use of recycled content materials (over 22%)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: LEED for New Construction, Austin Energy’s Green Building Program

Environmental Metrics

ESG Focus Areas

• Sustainability
• Energy Conservation
• Wellness
• Environmental Protection

Environmental Achievements

• Focus on high-performing building systems to reduce carbon use
• Use of non-toxic building materials
• Incorporation of renewable energy features (roof and ground-mounted solar)
• Focus on water quality and water conservation
• Use of natural materials

Social Achievements

• Development includes trail system connecting to Barton Creek Greenbelt, providing access to nature for residents
• Inclusion of small parks, community garden spaces and overlooks

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Concerns surrounding setbacks from Barton Creek and creek tributaries, minimizing impervious cover and development on steep slopes, and protecting native tree canopy
• Minimizing water and energy consumption

Mitigation Strategies

• Focus on sustainability, energy conservation and wellness in the design and construction of Holden Hills
• Securing approvals from the city of Austin and Travis County

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Use of non-toxic building materials

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• High-performing building systems, non-toxic building materials, renewable energy features

Awards & Recognition

• W Hotel & Residences in downtown Austin is nationally recognized for sustainable development

Environmental Metrics

ESG Focus Areas

• Sustainable real estate development

Governance Achievements

• Added a corporate responsibility section to its website to share information about corporate responsibility and sustainability achievements.

Climate Goals & Targets

Environmental Challenges

• Rising inflation and interest rates
• Supply chain constraints
• Tightening bank credit

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Human Capital Management
• Governance

Environmental Achievements

• Holden Hills project designed with a focus on health and wellness, sustainability and energy conservation
• The Saint June project designed to celebrate the natural landscape and provides a guidebook describing ways residents can use the green features of the community to further enhance its sustainability

Social Achievements

• Adopted a Labor and Human Rights Policy
• Committed to supporting inclusion in the workplace and encouraging the health and well-being of our employees

Governance Achievements

• Oversight of corporate responsibility performance and objectives by the Nominating and Corporate Governance Committee of our Board
• Adopted an Environmental Policy and a Vendor Code of Conduct, recommended by our Board’s Nominating and Corporate Governance Committee and approved by our Board

Climate Goals & Targets

Environmental Challenges

• Higher interest rates and elevated costs
• Limited opportunities for transactions on favorable terms
• Inflation, higher borrowing costs, tightened bank credit, more limited availability of equity capital, increased construction and labor costs and supply chain constraints

Mitigation Strategies

• Focused liquidity management
• Maintaining business, advancing projects under construction or development, controlling costs, and advancing entitlements, relationships and opportunities to position us to capture value when market conditions improve
• Prioritizing pure residential and residential-focused mixed-use properties in Austin and other select Texas markets

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Holden Hills project
• The Saint June project