The Swig Company, LLC
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:6,849 Mt CO2e (2022)
Scope 1 Emissions:1,972 Mt CO2e (2022)
Scope 2 Emissions:4,877 Mt CO2e (2022)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:31,445 MWh (2022)
Water Consumption:18,453 kgal (2022)
Waste Generated:Not disclosed
Carbon Intensity:2.77 kg CO2e/sf (2022)
ESG Focus Areas
- Climate Change
- Environmental Stewardship
- Employee Well-being
- Tenant Experience
- Community Impact
- Diversity, Equity, and Inclusion
Environmental Achievements
- 21% reduction in like-for-like total energy consumption from 2018 to 2022
- 25% reduction in like-for-like GHG emissions intensity from 2018 to 2022
- 30% lower indoor water use than the LEED baseline
- Addition of electric vehicle (EV) charging stations at multiple properties
- Established GHG reduction targets aligned with the Paris Agreement
Social Achievements
- Implemented Swig Flex hybrid work plan, enhancing employee happiness and productivity
- Launched Health and Wellness Group to support employee well-being
- Continued partnership with College Track and Life Learning Academy, supporting education and career development for young people
- Hosted Corporate Residency Day for College Track students
- Swig D.I.G. (diversity, equity, and inclusion group) fostered a more equitable and inclusive work environment
Governance Achievements
- Implemented an ESG Checklist for analyzing potential property acquisitions
- Developed a Building Sustainability Tracker to assess and consolidate annual sustainability efforts
- Completed a GRESB gap analysis to assess ESG performance and identify areas for improvement
- Updated job descriptions to include language about the company culture of inclusivity
Climate Goals & Targets
Long-term Goals:
- 100% reduction (net zero) in market-based Scope 1 and 2 GHG emissions by 2040
Medium-term Goals:
- 50% reduction in market-based Scope 1 and 2 carbon emissions by 2030
Short-term Goals:
- Not disclosed
Environmental Challenges
- Increased energy consumption and emissions in 2022 due to acquisitions and return to in-person work
- Tight labor markets and high turnover
- Climate change risks such as extreme weather events and rising sea levels
Mitigation Strategies
- Expanded use of PCRX (climate modeling platform) to evaluate and focus resiliency efforts
- Investing in high-efficiency equipment and innovative solutions to reduce energy use
- Implementing a greenhouse gas Inventory Management Plan
- Expanded recruiting services to diversify the pool of candidates
- Implementing mitigation and adaptation measures to address climate risks
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Sustainable purchasing practices, including procurement of post-consumer recycled paper products
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Sea-level rise
- Wildfires
Transition Risks
- Regulatory changes
Opportunities
- Energy efficiency projects
- Resiliency improvements
Reporting Standards
Frameworks Used: GRI Universal Standards
Certifications: LEED, ENERGY STAR, WELL Health-Safety Rating, Fitwel
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- 633 Folsom Street renovation awarded American Institute of Architects (AIA) award for Architecture in 2023
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:6,939 tCO2e/year
Scope 1 Emissions:2,186 tCO2e/year
Scope 2 Emissions:4,753 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:32,455 MWh/year
Water Consumption:16,640 kgal/year
Waste Generated:Not disclosed
Carbon Intensity:2.45 kg CO2e/sf
ESG Focus Areas
- Climate Change
- Community Engagement
- Diversity, Equity, and Inclusion
- Employee Well-being
- Tenant Experience
- Sustainable Building Operations
Environmental Achievements
- Reduced energy intensity by 20% from 2018 baseline.
- Reduced GHG emissions intensity by 26% from 2018 baseline.
- Completed LED lighting retrofit at 3415 S. Sepulveda Boulevard, reducing energy use by an estimated 68%.
- Achieved new LEED certifications for multiple properties.
- Maintained ENERGY STAR certifications for multiple properties, receiving Member-level recognition on the ENERGY STAR Nation Leaderboard.
Social Achievements
- Launched and expanded the h³experiences tenant amenity and engagement program.
- Implemented DEI training for new hires and existing staff.
- Removed four-year degree requirements from many job openings.
- Matched employee and board member charitable donations (almost $20,000).
- Provided two paid volunteer days per year for employees.
Governance Achievements
- ESG is incorporated into job descriptions and performance goals for senior leadership.
- Board of directors reflects diversity in age and gender.
- Implemented a formal procedure/policy for AEDs at 444 Castro Street after identifying a regulatory non-compliance.
Climate Goals & Targets
Long-term Goals:
- 100% reduction (net zero carbon) in market-based Scope 1 and 2 GHG emissions by 2040.
Medium-term Goals:
- 50% reduction in market-based Scope 1 and 2 GHG emissions by 2030 (compared to 2018 benchmark).
Short-term Goals:
- Identify and address factors contributing to lower ENERGY STAR scores.
- Identify opportunities to pursue sustainable solutions at newly acquired properties (e.g., 350 California Street).
Environmental Challenges
- Meeting ambitious GHG emission reduction targets.
- Addressing factors contributing to lower ENERGY STAR scores at certain properties.
- Identifying and implementing sustainable solutions at newly acquired properties.
- Climate change risks (extreme weather, building material degradation, cooling equipment stress).
Mitigation Strategies
- Developing decarbonization roadmaps for four properties in 2024.
- Sourcing local renewable energy for four properties in 2024.
- Implementing energy efficiency measures using data from Gridium and Carbon Lighthouse.
- Using PCRX and S&P Trucost methodology to analyze physical and transitional climate risks.
- Strengthening emissions data tracking and reporting systems.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Procuring products that meet environmental criteria, including post-consumer recycled paper products.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Building material degradation
- Cooling equipment stress
Transition Risks
- Regulatory changes
Opportunities
- Development of energy-efficient products and building retrofits
Reporting Standards
Frameworks Used: GRI Universal Standards
Certifications: LEED, ENERGY STAR, WELL Health-Safety Rating
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Innovative product to clean HVAC systems (pilot program in 2024)
Awards & Recognition
- Member-level recognition on the ENERGY STAR Nation Leaderboard