Climate Change Data

CenterSquare Investment Management LLC

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Social Equity
  • Governance Transparency
  • Diversity, Equity, and Inclusion (DEI)
  • Community Engagement

Environmental Achievements

  • Conducted portfolio-wide climate risk analysis across ESR portfolio
  • Made ESG training available to all employees
  • Integrated environmentally friendly and socially responsible features into the designs of Bentley Village and Wynne Farms
  • Implemented LED lighting upgrades across most ESR properties
  • Expanded electric vehicle (EV) chargers at ESR properties (Peachtree Corners Town Center and Metro Commons)

Social Achievements

  • Conducted over 200 ESG engagements with REITs
  • Expanded impact assessments in private real estate portfolio
  • Hosted community events (Sip & Shop at Shops at Hamilton Mill, holiday tree lighting at Peachtree Corners Town Center)
  • Collaborated with mission-driven organizations (Ronald McDonald House Charities, MANNA, Cradles to Crayons, Habitat for Humanity, Toys for Tots, Wissahickon Trails)
  • Provided housing for over 1,000 people in need at 1760 Third Avenue

Governance Achievements

  • Established cross-functional ESG Committee
  • Updated Firm-wide ESG policy
  • Launched ESG-Impact Strategy
  • Published third ESG white paper
  • Actively participated in proxy voting (99.3% participation)

Climate Goals & Targets

Short-term Goals:
  • Extend TBL NPV analysis to additional private real estate investments

Environmental Challenges

  • Achieving UN SDGs (slow progress or regression in certain areas)
  • Climate-related risks (wildfires, floods, storms, drought)
  • Maintaining high ESG scores while achieving attractive investment returns
Mitigation Strategies
  • Proactive ESG due diligence checklist for private real estate investments
  • Climate risk assessments and mitigation strategies for ESR portfolio (fire prevention, flood insurance, storm-proofing, drought-tolerant landscaping)
  • ESG scoring system that prioritizes companies with strong ESG performance and SBTi engagement
  • Active engagement with REITs to improve ESG practices and disclosures
  • ESG training for all employees

Supply Chain Management

Responsible Procurement
  • Responsible Contractor Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Wildfires
  • Floods
  • Storms
  • Drought

Reporting Standards

Frameworks Used: GRESB, UN PRI, TCFD, GRI, SBTi

UN Sustainable Development Goals

  • UN SDGs (10 of 17 goals)

Integrated into ESG policy and investment practices