Environmental Sustainability
ASB Real Estate Investments seeks ways to ensure environmental sustainability is built into the investment process. Not only is environmental stewardship important from a moral perspective, we believe it can positively impact long-term performance for our investors.
We seek ways reduce or offset carbon emissions, gain energy use efficiencies, improve waste diversion, and prioritize green building certifications. In addition, we place emphasis on data collection, measurement, which can help improve our contribution to a cleaner built environment.
OUR GOALS:
Aim for the reduction targets aligned with the Paris Accord¹
Use environmental data management systems to track utility consumption and to identify efficiency opportunities at select properties
Identify, analyze, implement, and track efficiency projects and sustainability initiatives at certain of our properties
Implement energy procurement strategies in select markets to optimize costs
Evaluate renewable energy including on-site solar, green power purchasing, and Renewal Energy Credits (RECs) at certain properties
Seek green building certifications and pursue ENERGY STAR certification at certain properties, as appropriate
Building Certifications
We believe green building certifications are a reliable way to measure the success of our sustainability initiatives at the property level. These third-party certifications measure our results against established benchmarks and recognize the sustainability efforts and achievements of our owners, property managers, and building tenants.
Areas of Focus
Energy
Greenhouse Gas Emissions
Renewable Energy
Water
Waste
Alternative Transportation
Indoor Air Quality
Sustainable Materials
1. Greenhouse gas (“GHG”) reduction target goals are aligned with the Paris Accord goal of limiting global warming to two degrees Celsius above pre-industrial levels. These targets are based on landlord-controlled (Scope 1 and Scope 2) utilities across the ASB Allegiance Real Estate Fund portfolio and relate to goals for our core investment strategy at the time of publication. Environmental targets are in inherently uncertain, forward-looking statements and subject to change. There can be no assurance these targets will ultimately be achieved.