Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Calculating Starwood Capital Group’s operating carbon footprint annually
• Exploring ways to reduce our operating carbon footprint via energy efficiency, water conservation, recycling, and waste management initiatives across our corporate offices
• Maintaining clear, actionable, and measurable building sustainability and resilience property management guidelines that are compliant with local regulations
• Providing recurring sustainability training to internal and external property management partners
• Prioritizing property-level data collection processes, creating and maintaining Energy Star accounts for buildings, and conducting building efficiency benchmarking reviews
• Evaluating and pursuing green building certifications for properties, where economically viable
• Drive innovation by partnering with Starwood Capital Group’s Proptech and procurement teams to identify and implement technology platforms that advance Starwood Capital Group’s ESG priorities
• Evaluating renewable energy procurement opportunities, including deployment of onsite renewable energy generation infrastructure where economically viable
• Enhancing existing tenant engagement opportunities on sustainability initiatives, including by seeking to include green lease language in new lease agreements and lease-renewals
• Enhancing portfolio-wide carbon emission accounting and reporting processes in alignment with the GHG protocol
• Preparing to integrate decarbonization initiatives across assets in alignment with science-based carbon reduction targets
• Preparing to align climate related financial disclosures with TCFD guidance
• Seeking to operate healthy buildings for our tenants, our employees, our business partners, and the community at large
• Obtaining healthy building certifications where economically viable
• Enhancing our firm-wide technology infrastructure and building-level data collection and data analysis processes to accurately assess property-level and fund-level carbon emission footprint baselines against which we may, in future years, track progress on decarbonization

Social Achievements

• Maintaining a positive, inclusive, and rewarding work environment for our employees and exploring opportunities to enhance our commitment to diversity and inclusion across the firm
• Maintaining a culture of meritocracy, creating clear avenues for career growth and development for each of our employees
• Upholding our commitment to the health and wellbeing of our employees via health and wellness programs
• Supporting philanthropic and community service initiatives, and contributing to non-profit organizations that support environmental and social causes
• Enhancing existing tenant engagement opportunities on sustainability initiatives

Governance Achievements

• Conducting business fairly and with transparency guided by our code of business ethics, including with respect to conflicts of interest
• Maintaining compliance with all legal and regulatory requirements applicable to the assets managed on behalf of our investors

Climate Goals & Targets

Environmental Challenges

• Limited ability to conduct diligence, access data (including utility and operating data), or to influence and control the consideration of ESG issues in connection with an investment, whether at the investment or at the fund-level, where Starwood Capital Group determines it has limited ability

Mitigation Strategies

• Starwood Capital Group will only apply those elements of this ESG Policy that it determines to be practicable

Supply Chain Management

Responsible Procurement

• Sustainable procurement

Climate-Related Risks & Opportunities

Physical Risks

• extreme climate events

Transition Risks

• global transition to a low carbon economy

Reporting Standards

Frameworks Used: GRESB, UN PRI

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Measure the carbon footprint of our corporate operations annually
• Seek to reduce the environmental impact of our operations through the implementation of energy use efficiency, water conservation, and waste management initiatives

Social Achievements

• Pursue initiatives that enhance the diversity, equity, and inclusion of our organization
• Maintain a positive, inclusive, and rewarding work environment for our employees
• Foster a culture of meritocracy, with clear avenues for employee growth and development
• Prioritize the health and well-being of our employees through comprehensive health and wellness programs and maintaining safe and healthy work environments
• Support philanthropic and community service initiatives through partnerships with organizations that support environmental and social causes

Governance Achievements

• Operate with fairness and transparency, guided by our code of business ethics and compliance, including with respect to management of conflicts of interest
• Maintain compliance with all relevant legal and regulatory requirements for our corporate operations
• Observe fair labor practices and uphold internationally recognized human rights principles across our business activities, including with respect to modern day slavery
• Seek to engage ethical and responsible business partners across our supply chain

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Seek to engage ethical and responsible business partners across our supply chain

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather events

Transition Risks

• global energy transition
• carbon emission-related regulatory requirements

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: UN Principles for Responsible Investment (PRI), GRESB, Taskforce on Climate-Related Financial Disclosures (TCFD)

Certifications: ENERGY STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed