Reduce Consumption, Lower Operating Expenses and Decrease Risk
Achieve net zero by 2050 for scope 1 and 2 carbon emissions of AEW’s real property asset investments1
- Committed to reducing the amount of energy, water and waste by 15% over the next ten years (or 1.5% annual reduction)
- Evaluate our real estate portfolios regularly to identify sustainability measures as well as pilot innovative practices to lower operating expenses and increase the efficiency and long-term value of our properties
- Seek opportunities to utilize low carbon and renewable energy sources in an effort to reduce our carbon footprint
- Explore and apply for third-party green building certifications such as LEED, BREEAM, IREM CSP, as well as health and wellness certifications like WELL and Fitwel. Pursue ENERGY STAR certifications for all eligible buildings annually
- Monitor progress at the listed companies in which we invest and integrate the results of engagement into a proprietary ESG risk score which ultimately impacts how we value a stock
1Scope 1 includes emissions from sources that are owned or controlled by the landlord; Scope 2 includes emissions that are purchased and consumed by the landlord but generated elsewhere