ESG (Environmental, Social, Governance) initiatives are a significant component of our goal to deliver competitive returns by creating places that make a significant difference to our residents. To maximize the impact of our strategy, we have aligned our ESG initiatives with the UN Sustainable Development Goals (SDGs) framework. Each year, we take actions to improve and lessen our environmental impact, as well as encourage and enable our Link ApartmentsSM residents to participate in the behaviors that will elevate our effort.
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 27% of our 2022 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 2022 GRESB Development Benchmark was 83/100, 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.
With our expansion into new markets and the growth of our essential housing portfolio, we have an opportunity to make an even greater impact. We have made great strides in expanding our ESG tracking and reporting, and the 2022 ESG report shares our progress on this important journey.
Download our 2022 ESG Report to see how we incorporate ESG priorities across all areas of Grubb Properties, how we are building resiliency, and how we make a positive impact in our communities.