Corporate responsibility has been the heart of Grubb Properties since our founding more than 60 years ago. Today, we focus on putting our values into action and formalizing how we measure, track, and report on our progress.
We look at metrics that show both the bottom-line impact of our efforts as well as the difference we are making in the communities we are part of. To maximize the impact of our strategy, we have aligned our ESG initiatives with the UN Sustainable Development Goals (SDGs) framework.
We believe the long-term success of our company and our essential housing investment strategy depends on strong corporate governance and effective risk management.
Grubb Properties has committed to moving towards net zero in our Scope 1 and 2 emissions by 2050 in accordance with science-based targets. A net-zero emissions target is defined as achieving a balance between the amount of greenhouse gases emitted versus the amount sequestered or removed.
We plan to set and share a policy on how this goal can be achieved and set interim midterm targets in pursuit of this goal, including reduction targets that can be achieved sooner than 2033.
A total of 29% of our 2023 portfolio has earned green building certifications. Our goal is to have 100% green certification across our portfolio.
Our residents’ energy bills are on average 15% lower than at comparable properties in the submarket.
Our 2023 GRESB Development Benchmark was 89/100, higher than the global average.
Our goal is to build the most accessible new multifamily communities in urban areas through our Link Apartments® brand. Our long-term resident program caps rent increases for residents of 5+ years.
Our new development pursues certifications such as LEED (Leadership in Energy and Environmental Design), NGBS (National Green Building Standard), and ENERGY STAR. We measure building energy, water, waste, and emissions within our control and are identifying long-term reduction targets.
We are governed by a majority-external board of directors. We undergo regular SOC audits and regularly disclose our strategy and performance to investors.
We work to find the ideal parking ratio using shared parking, and to design communities that encourage alternative transportation options. We are the first private developer in North America to enlist Copenhagenize to design innovative bicycle- and pedestrian-focused infrastructure at our communities.
We collect information from companies in our supply chain to understand their priorities and responses to ESG risks.
We improve communities by creating walkable design and connectivity, and seeking permanent solutions to delayed or inadequate infrastructure.