Digital Core REIT
Climate Impact & Sustainability Data (2024-01 to 2024-03)
Reporting Period: 2024-01 to 2024-03
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Published second annual sustainability report in accordance with GRI Standards
- Established quantitative long-term targets to mitigate environmental impact
Social Achievements
- Refreshed materiality assessment engaging internal and external stakeholders
- Committed to integrating material ESG issues into strategy and business operations
Governance Achievements
- Committed to regularly and transparently communicating with stakeholders on ESG performance, risks, and opportunities
Climate Goals & Targets
Medium-term Goals:
- 30% reduction in Scope 1 and Scope 2 emissions by 2030
- 12% reduction in water intensity by 2030
Short-term Goals:
- Repositioning and re-leasing vacancies in L.A. and Toronto
- Driving additional upside through lease-up of recently acquired vacancy in Frankfurt
Environmental Challenges
- Slower-than-expected leasing activity in Toronto
- Need to reposition and re-lease properties in L.A. taken over from bankrupt customer
Mitigation Strategies
- Modest capital investment to refresh vacant suites in Toronto
- Repositioning and re-leasing efforts in L.A. with support from Sponsor's global platform
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI