Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Improved building certifications and energy ratings

Social Achievements

• Improved tenant engagement

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved 15.7% reduction in Scope 1 & 2 GHG emissions from the previous year (Note: 2020 was an outlier year due to reduced occupancy from COVID-19)
• Achieved 34.2% reduction in water withdrawn from the previous year (Note: 2020 was an outlier year due to reduced occupancy from COVID-19)
• Avoided 31,602 kg of greenhouse gas emissions through electric vehicle charging stations
• 11.5M square feet of portfolio is green building certified
• Achieved UL Verified Healthy Building Certifications for Cira Centre and One Rodney
• Achieved Fitwel Certifications for 7.5M square feet
• Achieved WELL Building Certification at Cira Centre South

Social Achievements

• Maintained an A Rating from MSCI ESG Research LLC
• Received 2020 GRESB Green Star for the sixth consecutive year
• Named one of Philadelphia's Business Journal's 2020 Best Places to Work
• Provided $550,000 in low-interest loans to struggling small, local, and minority-owned businesses
• Economic Opportunity Plan totaling $1.24M for the City of Philadelphia investing in local minority and women-owned businesses
• Launched exclusive "be.well by Brandywine" virtual wellness app
• Zero lost-day incident rate in 2020
• 100% of employees received professional training and ESG-specific training

Governance Achievements

• Extended industry-leading ISS Governance Quality Score of 1 in 2020
• Established ESG Governance Structure with well-defined roles and responsibilities
• Board of Directors receives quarterly updates and provides strategic oversight of ESG

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting building operations and community engagement
• Climate change physical risks (severe storms, flooding)
• Climate change transitional risks (increasing energy compliance and building regulations, reputational risks)

Mitigation Strategies

• Leveraged industry expertise in operating healthy buildings to keep buildings open and provide safe workspaces
• Implemented state-of-the-art efficiency measures to offset impacts of increased ventilation needs
• Incorporated climate assessments into acquisition due diligence process
• Annual reviews of all energy policy legislation
• Robust emergency response plans and regular drills with tenants

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Business Conduct & Ethics
• Seek local, women and minority-owned suppliers
• Incorporate green purchasing standards

Climate-Related Risks & Opportunities

Physical Risks

• Severe storms
• Flooding
• Other natural hazards

Transition Risks

• Increasing energy compliance and building regulations
• Reputational risks
• Risk of losing tenants

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB, GRI Standards Core option, TCFD

Certifications: LEED, WELL, Fitwel, ENERGY STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Aligned with UN SDGs; progress reported on several key indicators

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• NAIOP Developer of the Year Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy usage intensity by 32% from the prior year and 36.7% from the baseline.
• Reduced water usage intensity by 26% from the prior year and 31.1% from the baseline.
• Reduced GHG emissions intensity by 15.3% from the prior year and 34% from the baseline.
• Achieved one or more green building certifications in 53% of the portfolio.
• Joined UL Verified Healthy Buildings program

Social Achievements

• Spearheaded new, equitable transit-oriented development in Austin and Philadelphia.
• Maintained and encouraged the use of over 74 acres of green space.
• Drove economic resilience through Schuylkill Yards projects and community funds totaling $16.4 million.
• Promoted diversity, equity, and inclusion through internal affinity teams, board diversity and employee engagement.
• Construction Apprenticeship Prep Program (CAPP) placed 65 workers to date.
• Grow Philadelphia Capital Fund provided $785,000 in funding to date.

Governance Achievements

• Achieved GRESB Green Star for the seventh year in a row.
• Earned the highest-level ISS Governance Quality Score of 1 for the 6th year in a row.
• Maintained an A Rating from MSCI ESG Research LLC.
• Completed climate risk assessment on 100% of properties three years ahead of schedule.

Climate Goals & Targets

Environmental Challenges

• Increasing regulatory risks including building ordinances for energy efficiency.
• Potential reputational risk and market risk of lost tenants if buildings are unprepared for climate change.
• Physical risks such as storms, wildfires, and droughts.

Mitigation Strategies

• Proactive benchmarking and optimization of building efficiency to reduce GHG emissions and ensure compliance with local regulations.
• Robust emergency response plans and drills.
• Incorporated climate risk assessments into due diligence for new acquisitions.
• Assessed risks to all properties through ALTA surveys, zoning reports, Environmental Site Assessments.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green purchasing requirements (ENERGY STAR certified appliances, high-efficiency technologies)
• Local sourcing initiative
• Support for local, woman-owned, and minority-owned businesses

Climate-Related Risks & Opportunities

Physical Risks

• Severe storms
• Flooding
• Other natural hazards

Transition Risks

• Increasing energy compliance and building regulations
• Risks of losing tenants
• Reputational risks

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards Core option

Certifications: GRESB Green Star, UL Verified Healthy Buildings, ENERGY STAR, LEED, Fitwel, WELL, GBAC STAR™

Third-party Assurance: RE Tech Advisors (AA1000AS v3 moderate level assurance)

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)
• SDG 15 (Life on Land)

Initiatives such as energy efficiency, green spaces, renewable energy, and urban beekeeping contribute to these goals.

Sustainable Products & Innovation

• Smart glass technology at 3151 Market

Awards & Recognition

• NAIOP’s Northern Virginia Award for Deal of the Year
• Top 50 civic-minded employers in the greater Philadelphia area
• Philadelphia Best Places to Work
• Green Lease Leaders Platinum status