The RMR Group
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Renewable Energy Share:0%
ESG Focus Areas
- Climate Resilience
- Energy Costs and Transition
- Low-Carbon Market Demands
- Employee Satisfaction
- Professional Development
- Diversity and Inclusion
- Business Ethics
- Employee Health and Safety
- Water and Waste Management
- Data Security
- Community Giving
Environmental Achievements
- 33.2% reduction in GHG emissions from a 2019 baseline
- 26.7% reduction in energy consumption from a 2019 baseline
- 21.9% reduction in water consumption from a 2019 baseline
- 48.3% waste diverted to recycling in 2023
Social Achievements
- Named a Military Friendly® Employer
- Participation in Project Destined, mentoring and attracting students from underrepresented backgrounds
- Investment in the Engineering Apprenticeship Program
Governance Achievements
- Enhanced structure of property assessment program to identify and mitigate safety hazards
- Significant improvements in achieving the highest (Tier 4) rating for security controls within the NIST CSF
Climate Goals & Targets
Long-term Goals:
- Achieve net zero emissions from operations by 2050
Medium-term Goals:
- Reduce GHG emissions 50% per square foot by 2029
- Reduce water consumption by 25% by 2030
- Reduce energy consumption by 35% by 2030
- Install at least 75 MW of on-site solar capacity over five years
Short-term Goals:
- Divert 50% of waste from landfills by 2025
Environmental Challenges
- Tenant-driven nature of waste data collection
- Increasing and more unpredictable utility costs
- Supply chain disruptions
- Potential need for increased air-conditioned space due to heat stress
- Meeting energy or emissions performance standards
Mitigation Strategies
- Partnering with tenants to collect waste data and implement recycling programs
- Energy and water management programs
- Strategic capital investments
- Routine evaluation of properties impacted by climate hazards
- Coordination with tenants and local authorities
- Property incident response plans and insurance assessments
- On-site solar program implementation
- EV charging infrastructure program
Supply Chain Management
Responsible Procurement
- RMR Capital Project Guide for Green and Energy Efficient Equipment Purchasing
Climate-Related Risks & Opportunities
Physical Risks
- Extreme heat
- Increased precipitation
- Storm surges
- Flooding
- Wildfire
Transition Risks
- Increasing utility costs
- Supply chain disruptions
- Changes in policy and market expectations
- Meeting energy or emissions performance standards
Opportunities
- On-site solar power generation
- Energy efficiency improvements
- Resilient properties in high demand
- New federal funding for building and energy performance upgrades
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UN SDGs
Certifications: ENERGY STAR, LEED, BOMA 360
Third-party Assurance: Deloitte & Touche LLP (limited assurance for SASB index and water intensity metrics)
UN Sustainable Development Goals
- 2
- 3
- 5
- 6
- 7
- 10
- 11
- 12
- 13
See Appendix A
Awards & Recognition
- ENERGY STAR Partner of the Year (RMR, OPI)
- ENERGY STAR Partner of the Year — Sustained Excellence (RMR, OPI)
- NAIOP DC | MD 2023 Best Renovation Award
- Boston Business Journal® #28 2023 Middle Market Leaders
- 2024 Military Friendly Employer