Climate Change Data

Office Properties Income Trust

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:0%
Total Energy Consumption:657,653 GJ
Water Consumption:570.96 km3

ESG Focus Areas

  • Energy Management
  • Water Management
  • Waste Management
  • Tenant Engagement
  • Climate Change Resilience
  • Governance
  • Social Responsibility

Environmental Achievements

  • 67% reduction in embodied carbon and 7% reduction in operational carbon at Unison at Elliot Bay compared to a new build
  • 74,000 kWh of energy saved per year and 61,000 pounds of CO2e saved at a Miami property through the RTM program
  • Significant reduction in energy consumption through LED lighting upgrades and energy performance reviews

Social Achievements

  • RMR (manager) employs a workforce that contributes positively to society and reduces environmental impact
  • Board diversity: 44% women, 11% underrepresented communities
  • Recognized as having a gender-balanced board by 50/50 Women on Boards

Governance Achievements

  • Adoption of Governance Guidelines and Committee Charters
  • Code of Business Conduct and Ethics, Governance Hotline
  • Business Partners’ Code of Conduct, Employee Health and Wellness Policy, Human Rights Policy, and Philanthropy Policy

Climate Goals & Targets

Environmental Challenges

  • Prolonged periods of drought impacting landscaping
  • Transportation and utility network failures affecting property use and maintenance
  • Chronic climate stressors affecting commute and office desirability
Mitigation Strategies
  • Energy and water management programs
  • Strategic capital investments, including physical protection elements
  • Routine evaluation of climate-hazard-impacted properties
  • Coordination with tenants and local authorities
  • Property incident response plans and insurance assessments
  • Benchmarking and BEPS compliance

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Drought
  • Transportation and utility network failures
  • Chronic climate stressors
Transition Risks
  • Changes in policy and market-driven expectations
Opportunities
  • High demand for resilient properties
  • Attracting high-quality tenants with innovative solutions
  • Opportunities for federal funding for building upgrades and resiliency improvements

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: LEED, ENERGY STAR, BOMA 360

Third-party Assurance: Deloitte & Touche LLP (limited assurance for water intensity metric)