Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Leadership
• Governance

Environmental Achievements

• Achieved a 10% reduction in energy usage in year one using Mach Energy.
• Removed all plastic trash bags from individual workstations.
• Composting and recycling over 10,000 single-use coffee pods annually.
• Eliminated over 8,000 aluminum cans and plastic bottles by investing in a Bevi machine.
• Kept over 6,000 sets of plastic utensils out of landfill annually by providing reusable dishware.
• Adopted a plastic-free workplace initiative.
• The Highlands and 3001 Washington Boulevard achieved LEED Gold certification; Ballston One attained LEED Silver O&M Existing Building certification.
• Hagerstown Crossroads at I-81 utilizes reflective roofing, high-efficiency LED lighting, low-flow plumbing fixtures, and efficient natural gas RTUs.
• Designing Chantilly Premier to achieve LEED Silver certification.

Social Achievements

• Launched quarterly Town Hall meetings to improve employee communication and connection.
• Improved employee engagement survey results in every area, with a 93% response rate.
• Relocated corporate headquarters to a LEED Gold-certified building with enhanced amenities and transportation options.
• Established the Penzance Culture Committee to enhance community, collaboration, and brand representation.
• Launched the Penzance Cares program, matching employee charitable contributions up to $200.
• Participated in several local charitable initiatives, including JDRF Real Estate Games, Salvation Army’s Angel Tree Program, and volunteering at Historic Congressional Cemetery.
• Formalized a partnership with Girls Who Invest (GWI).

Governance Achievements

• Updated company policies to reflect key principles of diversity, equity, fair treatment, and a participatory workplace.
• Track diversity data using the ILPA Diversity Metrics Template and evaluate the information quarterly.
• Engaged a consulting organization to assist in tracking environmental stewardship performance of assets.
• Submitting results to GRESB to benchmark against other organizations.

Climate Goals & Targets

Environmental Challenges

• Employee disconnection in the aftermath of the pandemic.

Mitigation Strategies

• Launched quarterly Town Hall meetings, resulting in improved employee engagement.

Supply Chain Management

Responsible Procurement

• Responsible Contracting Policy
• Considering consultants’ corporate responsibility and sustainability policies during onboarding

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB

Certifications: LEED Gold, LEED Silver