Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health
• Social Equity
• Decarbonization
• Water Conservation
• Waste Management
• Biodiversity
• Tenant Engagement
• Employee Well-being
• Community Investment
• Diversity, Equity, and Inclusion (DEI)
• Governance

Environmental Achievements

• Maintained a portfolio-wide carbon footprint of 11,448 mtCO2e (market-based) and 15,156 mtCO2e (location-based) in 2023.
• Achieved a 62% portfolio waste diversion rate.
• One California Plaza is net zero carbon and energy certified.
• The CalEdison DTLA achieved a 98 Energy Star score and a 35% reduction in domestic water use.

Social Achievements

• Donated over $20,000 to community organizations.
• Consistently high staff retention rate (95%).
• Invested 700 hours in advanced career development for employees.
• Partnered with The People Concern to support homeless individuals.
• Engaged tenants through various programs, resulting in increased user engagement on Equiem platform.

Governance Achievements

• Established an IMPACT Committee to develop and advance ESG policies and initiatives.
• Conducted a materiality assessment to identify key ESG priorities.
• Aligned IMPACT strategy with GRESB Real Estate Standard and UNPRI.
• Implemented Green Lease Leaders program.

Climate Goals & Targets

Environmental Challenges

• Water shortages in the Western US.
• Increasingly extreme weather events.
• Need to reduce GHG emissions.
• Maintaining high tenant satisfaction and engagement.

Mitigation Strategies

• Investing in low-consumption fixtures and equipment.
• Conducting water audits.
• Implementing decarbonization strategies.
• Regular tenant engagement and communication through various channels (Equiem, monthly newsletters, etc.).
• Proactive approach to building safety and health.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Encouraging partnerships with BIPOC- and women-owned businesses.
• Implementing a Responsible Contractor Program Policy.
• Conducting semi-annual supply chain workshops with vendors.

Climate-Related Risks & Opportunities

Physical Risks

• Mega-droughts
• Flooding
• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Increased demand for sustainable buildings

Reporting Standards

Frameworks Used: GRESB Real Estate Standard, UNPRI, GHG Protocol, LEED, Energy Star, Fitwel, WELL Health + Safety, Green Lease Leaders

Certifications: LEED Platinum (One Cal Plaza, The CalEdison DTLA), LEED Gold (Civic Center), LEED Zero Carbon & Energy (One Cal Plaza), Energy Star (multiple assets), Fitwel (multiple assets), UL Verified Healthy Building (West7Center), WiredScore Platinum (One Cal Plaza), Smartscore Silver (One Cal Plaza), Los Angeles Green Business Certified

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)
• Goal 8 (Decent Work and Economic Growth)
• Goal 17 (Partnerships for the Goals)

Initiatives contribute to these goals through energy efficiency, sustainable building practices, community engagement, and responsible investment.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Los Angeles Business Journal’s Best Places to Work
• Globe Street’s Best Bosses in Commercial Real Estate
• USGBC-LA’s Kevin Devine “BOLD” Award