Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Launched LEED volume program to certify virtually all new development projects; received approval for prototype building in 2022 at LEED Silver Level.
• LEED certification for three facilities in Southern California (including 1.4 million sq ft First Nandina Logistics Center).
• Incorporated green lease language to encourage tenant adoption of sustainable practices.
• Energy-efficient lighting across portfolio; LED lighting in 100% of new developments.
• Investing in tracking/measuring utility data (energy, water) for FR-controlled spaces and tenant-provided data.

Social Achievements

• Continued support for 'First Network,' a women's networking group.
• Expanded work-from-home benefit to four days per month.
• Provided two paid days per employee per year for community service.
• Donated to several charities (American Red Cross, ASPCA, Boys & Girls Clubs, etc.).
• Achieved top overall satisfaction scores (98th percentile) in Kingsley Index for property management.

Governance Achievements

• Adopted Human Rights Policy in 2021.
• Established Vendor Code of Conduct.
• Annual election of Board of Directors; advisory vote on 'say on pay'.
• 86% of directors are independent; 43% board diversity (29% women).

Climate Goals & Targets

Environmental Challenges

• Data collection on energy and water usage from tenants is dependent on tenant participation.

Mitigation Strategies

• Working with Conservice ESG to analyze and collect information regarding energy and water usage efficiency.

Supply Chain Management

Responsible Procurement

• Vendor Code of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved LEED certification for two buildings totaling 0.5 million square feet in 2022.
• Won approval of prototype for LEED volume development program.
• Certified one project under the volume program with two others under final review.
• Made progress in collecting energy use and GHG emissions data.

Social Achievements

• Named a 2023 Green Lease Leader by The Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance.
• Low voluntary turnover averaging 7% annually from 2020 to 2022.
• Expanded work-from-home benefit to four days per month in 2021.
• Engaged with a supplier platform to promote a more inclusive approach to procurement.

Governance Achievements

• Corporate Responsibility Committee advises on fostering a diverse and inclusive work environment.
• Board of Directors oversees long-term financial strength and success of the Company.
• Regular credit reviews of current and prospective tenants to protect revenue streams.

Climate Goals & Targets

Environmental Challenges

• Potential environmental-related risks including extreme weather events and drought.
• Increased land use restrictions and construction permitting standards.
• Federal or local legislation requiring disclosures, reporting, or energy transition impacting operating costs.

Mitigation Strategies

• Review of potential environmental risks.
• Obtaining green certifications to attract new tenants.
• Evaluating opportunities to install solar arrays and other green technology.

Supply Chain Management

Responsible Procurement

• Engaged with a supplier platform to promote a more inclusive approach to procurement.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Drought

Transition Risks

• Increased land use restrictions
• Construction permitting standards
• Federal or local legislation

Opportunities

• Obtaining green certifications
• Installing solar arrays and other green technology

Awards & Recognition

• 2023 Green Lease Leader Gold Level Landlord Award

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Customer Service
• Employee Engagement
• Diversity & Inclusion
• Corporate Governance
• Community Engagement

Environmental Achievements

• Earned LEED certifications for four buildings totaling 2.2 million square feet (1.3 MSF in 2023 and 0.9 MSF in 2024), bringing the total LEED certified square footage to 5.6 million square feet (8% of in-service portfolio).
• Achieved Gold Level Green Lease Leader recognition by The Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance.

Social Achievements

• Named one of Kingsley Index's Elite Five providers in 2023 for industry-leading customer service.
• 94th percentile engagement score in employee satisfaction survey with 95% participation.
• 19 community service events in 2023.
• Low voluntary employee turnover averaging 7% annually (2021-2023).

Governance Achievements

• No OSHA-reported incidents in 2023.
• 43% Board diversity (29% female).

Climate Goals & Targets

Environmental Challenges

• Potential environmental risks from extreme weather events, drought, increased land use restrictions, and changing legislation.
• Managing development risk through speculative leasing.

Mitigation Strategies

• In-house environmental team assesses and manages risks.
• Self-imposed cap on speculative development investments.
• Comprehensive insurance coverage.
• Regular credit reviews of tenants.

Supply Chain Management

Responsible Procurement

• Utilizing a supplier platform to identify potential qualified diverse suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Drought

Transition Risks

• Increased land use restrictions
• Legislation requiring disclosures or energy transition

Opportunities

• Obtaining green certifications
• Installing solar arrays and other green technology

Awards & Recognition

• Kingsley Excellence Award, Elite 5 Winner (2023)
• Green Lease Leader (Gold Level)