CommonWealth Partners, LLC

Climate Impact & Sustainability Data (2019, 2020)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:41,796 metric tons CO2e (Scope 1 & 2 location-based)

Scope 1 Emissions:2,962 tCO2e

Scope 2 Emissions:38,834 tCO2e (location-based)

Renewable Energy Share:63%

Total Energy Consumption:187,731 MWh

Water Consumption:613,804 m3

Waste Generated:4,332 tons (2018)

ESG Focus Areas

Energy
Water
Waste
Emissions
Employee Engagement
Tenant Engagement
Community Involvement
Resilience
Governance

Environmental Achievements

Reduced energy use intensity by 15.61% from 2013 baseline
Reduced GHG emissions intensity by 40.66% from 2013 baseline (meeting 2020 target)
Achieved 63% renewable electricity for all electricity consumed
Achieved 54.01% waste diversion rate
100% of portfolio LEED certified (63% Platinum, 37% Gold)
Eliminated plastics from 58% of portfolio restaurants

Social Achievements

Launched an exercise challenge to encourage employee health and connection
Supported 34 organizations across the U.S. with charitable donations
Conducted annual indoor air quality testing at all properties
Implemented Green Janitor Education Program at City National Plaza
Offered fitness center accessibility and periodic yoga classes at 74% of managed properties

Governance Achievements

Achieved 1st place in the U.S. Office Non-listed sector in the 2019 GRESB Assessment
Earned Northern America Regional Sector Leader in the 2019 GRESB Assessment
Earned USGBC Leadership Award for ESG Excellence
Earned ENERGY STAR Partner of the Year for the second year in a row
Implemented Green Cleaning and Sustainable Purchasing Policies for all controlled assets

Climate Goals & Targets

Medium-term Goals:

Reduce Scope 1 and 2 GHG emissions by 50% by 2030 from a 2013 baseline
Incorporate renewable clean energy for 75% of the portfolio by 2030

Short-term Goals:

Reduce water use by 20% from 2013 levels by 2020
Reduce energy use by 20% from 2013 levels by 2020
Achieve 75% waste diversion rate by 2020

Environmental Challenges

Finding additional areas to reduce water consumption despite existing strides
Mitigating GHG emissions from natural gas usage
Maintaining high performance goals with increasing project investment requirements

Mitigation Strategies

Upgrading fixtures, converting landscaping to drought-tolerant plants, replacing cooling towers
Exploring options like converting to electric appliances and securing carbon offsets
Prioritizing projects to mitigate key risks and optimize efficiencies

Supply Chain Management

Responsible Procurement

Responsible Contractor Program (RCP)

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather
Drought
Flooding

Transition Risks

Regulatory changes
Market shifts

Opportunities

Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, GRESB

Certifications: LEED, ENERGY STAR, Fitwel

Third-party Assurance: DNV GL

UN Sustainable Development Goals

SDG 2
SDG 7
SDG 11
SDG 12
SDG 13

Report details how initiatives contribute to these goals

Awards & Recognition

2019 GRESB 1st place (U.S. Office Non-listed)
2019 GRESB Northern America Regional Sector Leader
2019 ENERGY STAR Partner of the Year
2019 USGBC Leadership Award for ESG Excellence

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:35222 MtCO2e (Scope 1,2 & 3)

Scope 1 Emissions:2028 tCO2e

Scope 2 Emissions:31924 tCO2e

Scope 3 Emissions:3522 tCO2e

Renewable Energy Share:48%

Total Energy Consumption:149656 MWh

Water Consumption:483806 m3

Waste Generated:2520 tons