Investor Relations




    The United Nations Member States adopted 17 Sustainable Development Goals (“SDGs”) in 2015. The UN SDGs provide a blueprint for companies to balance operating strategies that address a range of social needs, such as economic growth, education, health and safety, with tactics that mitigate climate change and promote environmental preservation. Our sustainability programs directly align with the following 13 SDGs, and we strive to align more fully with the remaining four:


    Since 2003, we have increasingly focused on energy efficiency and resource conservation. As we understand more about climate risks to our business, and our opportunities to maintain and improve our commercial standing by proactively responding to climate challenges, our strategy and programs continue to evolve. This includes improving our alignment with the guidelines of the Task Force for Climate-Related Financial Disclosures (“TCFD”). Until we achieve full alignment with TCFD, we will continue to evaluate climate impacts on our assets and manage these risks as appropriate.

    Minimal Flood Risk. Through our annual property and flood insurance policy renewals, we evaluate our portfolio’s exposure to the risk of rising temperatures and more extreme weather and flooding. We have identified four buildings that are proximate to 100-year flood zones; as of December 31, 2020, these four properties combined represented 917,073 SF, or roughly 4.4% of our total operational SF, and only 5.1% of our total annualized rental revenues. These four buildings have elevated parcels well above the 100-year flood zones, mitigating potential flood risk. We further mitigate flood risk through storm water management and, in one location, the installation of flood gates. Additionally, we evaluate aspects of water stress that are relevant to our buildings’ geographic locations.


    In 2020, we published a target for reducing energy consumption and GHG emissions. Our energy and GHG emissions goals report on a whole building basis. Energy use associated with buildings that are completely tenant-controlled is excluded; all other building energy use, including electrical power, steam and natural gas, is reported within our energy goal boundary.