Corporate Responsibility Adding Value Across Our Portfolios

We invite you to take a moment to learn more about our ongoing efforts, partnerships and goals by reading our 2020 Sustainability Report. 

Read our 2020 Sustainability Report

OUR COMMITMENT

Environmentally Responsible Investing

AEW is committed to a vision of prudent property stewardship with the goal to develop or enhance the environmental, social, governance and resiliency (ESG+R) measures of its property investments. AEW has instituted a systematic approach to improve the operating metrics of its investments by incorporating ESG+R elements into its asset analyses, inclusive of underwriting, due diligence and asset management. This commitment is embodied in both our short-and long-term ESG+R objectives. We identify and present ESG+R issues and goals to our Investment Committee as part of each investment’s underwriting, and include ESG+R goals in each asset and portfolio’s annual business plan. Further, we report overall progress on ESG+R matters annually to AEW’s ESG Steering and Risk Management Committees. Our long-term ESG+R objectives are stated below.

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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

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Stakeholder Engagement, Awareness and Communication of Our ESG+R Practices

  • Create healthy work environments for AEW’s employees and tenants at our buildings, where possible, that stimulate productivity and promote sustainable communities
  • Communicate ESG+R best practices to our property managers, leasing agents and joint venture partners through property management and joint venture agreements, green leases, resources & communication

  • Support and encourage supplier responsibilities and sustainable best practices
  • Encourage engagement with local communities through building and tenant outreach, as well as volunteerism amongst our managers, tenants and employees
  • Enhance disaster response and recovery plans to address potential storm impacts; effectively communicate plans to tenants
  • Monitor and improve employee and tenant engagement through the deployment of regular surveys
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Transparency and Accountability of Our ESG+R Program

  • Identify specific sustainability issues and establish goals for assets under management, as well as firm-wide goals
  • Conduct annual portfolio-level assessment of environmental and energy issues and present to AEW’s Risk Management Committee
  • Monitor and ensure compliance with government benchmarking requirements and any additional policy or regulatory changes
  • Continue to provide and improve training to our employees on governance topics including our Compliance Program and Code of Ethics
  • Demonstrate transparency and accountability to our investors through regular disclosure of ESG+R practices and performance in quarterly investor reports and reporting frameworks such as GRESB, PRI and INREV
  • For the listed companies we own on behalf of our clients, assess ESG practices and engage with companies in meetings and through proxy voting
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Identify and Mitigate Physical and Transition Risk at Our Properties/Portfolios

  • Identify climate-related physical and transition risk from the time of acquisition, through the duration of the holding period, and at disposition
  • Evaluate and mitigate potential future risk due to climate change
  • Physical risk: Utilize MSCI climate risk analytics at the asset and portfolio levels to analyze and understand physical and transition climate risks
  • Transition Risk: During acquisition due diligence and annual business plan process, identify city benchmarking ordinances or climate regulations and associated financial penalties that impact the properties/funds
  • Integrate identified risks with asset-level considerations that may effect our risk level, such as hold period, existing mitigations, improvements and efficiency levels
  • If needed, engage third-party consultant to evaluate property preparedness & mitigation costs

FOCUSED ON THE FUTURE

ESG Across Our Portfolios

Each day, AEW strives to raise the bar for improving the environmental performance of its portfolios. Today, we are proud to say a number of our assets have obtained certifications including: LEED Gold; LEED Silver; LEED Certified; National Green Building Standard (NGBC); CalGreen; Energy Star; and Green Globe.


    

FOCUSED ON THE FUTURE

2020 AEW Global Sustainability Report


We invite you to take a moment to learn more about our ongoing efforts, partnerships and goals by reading our 2020 Sustainability Report. We will continue to promote this cause and work diligently to be a socially responsible corporate citizen.

View 2020 Global Sustainability Report


Corporate Citizenship

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As a responsible corporate citizen, AEW has long-supported the needs of the communities in which it works and operates. The AEW Charitable Giving Committee encourages its employees to bring forth local causes that are meaningful to them on a personal level or to their community-at-large. Targeted areas for financial support include those involving public education, the environment, health awareness and homelessness. Even more, AEW gives its employees the flexibility to personally volunteer during their work day at events organized by the firm. Some of the organizations in which AEW has been involved as a firm include: United Way, Boston Children's Hospital, YMCA, Best Buddies, Aids Action Committee and Mass Housing, SOS Children's Villages & Shelter Alliance.

OUR NORTH AMERICAN HEADQUARTERS

The AEW Workplace

AEW is diligent about providing a healthy work environment for its employees. As a result, its North American headquarters at Two Seaport Lane in Boston, Massachusetts has met the rigorous standards of the International Well Building Institute and has earned its prestigious WELL Certification. The WELL Building Standard is a performance-based certification that marries best practices in design and construction with evidence-based scientific research offering building performance that meets a high-level of quality in air, water, light, nourishment, fitness, comfort and mind.