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17 DECEMBER 2021
We report to GRESB, a standardized, globally recognized framework to assess our ESG performance. A member-based organization, GRESB is trusted by 140 institutional investors and more than 2,200 companies to improve decision-making. It provides actionable and transparent ESG data to financial markets.
In line with our 2021 reporting process, we are pleased to publicly share our Environmental targets as follows:
Target 1: Increase the percentage of electricity consumption provided by renewable sources to 20% by 2026
Target 2: Implement efficiency measures to reduce site energy use intensity by 20% by 2026
Target 3: Reach net-zero emissions as defined in our WGBC Net Zero Commitment by 2030
Tanja Milosevic, Associate Vice President of Environment, Social and Governance in North America, said: “Given the long-term view we take toward our property activities and business practices, sustainability plays a critical role in all investment, development and asset management decisions. Measuring, monitoring and reporting are a few ways we are continually improving our performance.”
In 2021, its first year reporting to GRESB, our property business in North America exceeded the following benchmarks: Reporting, Stakeholder Engagement, Tenant Satisfaction, Data Monitoring & Review, Water Consumption, and Waste Consumption.
Certain of the information included in and supporting these environmental targets are forward-looking statements regarding Grosvenor’s goals and objectives, and are based on current expectations, assumptions, estimates, projections, opinions and beliefs. Forward-looking statements are inherently uncertain, and actual results may differ materially from those reflected herein. Grosvenor does not assume any obligation to update such information, whether as a result of new information, future developments or otherwise, except as required by law.