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Ace: ESG

Designed to GreenPoint Rated Gold Certification, all homes at Ace will be powered by electric energy. Every residential unit will have its own electrical and water meter, encouraging efficient use. 

Offering nine Electric Vehicle charging stations, 90 secured bicycle parking spots and enhanced public spaces featuring indigenous pollinator/butterfly attracting species of trees and planters, the construction of Ace commits to hiring local trades and laborers and supports the neighboring Insight Housing's HOPE Center.  

Grosvenor's 2030 Net Zero Carbon Commitment (WGBC)

Ace will meet Grosvenor's 2030 Commitment to achieve Net Zero Operational Carbon through thoughtful design elements, all-electric appliances, efficient lighting, and the purchase of carbon offsets. 

Environmental - committed to net zero

Electric Vehicle chargers
(hidden)

9

Bicycle parking spaces
(hidden)

90

Parking ratio
(%)

36

Environmental highlights

Energy & connectivity

  • Designed to GreenPoint Rated Certification
  • Voluntarily removed all natural gas systems from units
  • Carbon offsets will bring emissions for landlord-controlled space to zero by 2030

Transit-oriented development

  • 90 secured bicycle parking spaces on ground floor bicycle room
  • Nine Electric Vehicle charging stations on site, and infrastructure to support 17 additional stations 
  • AC Transit bus passes provided to all residents and employees
  • 36% parking ratio (the proportion of apartments that come with a parking space)
  • Site is located two blocks from the Downtown Berkeley BART station and one block from the UC Berkeley Campus

Social

Trades supported
(hidden)

28

To Affordable Housing Fund
($M)

6

To Public Art Fund
($K)

500

Social impact

Housing & Philanthropy

  • Voluntary partnership with Insight Housing’s HOPE Center project, an affordable housing development committed to serving Berkeley’s veteran and chronically homeless populations. Funds donated supported:
    • the purchase of 56 televisions for supportive housing units
    • welcome basket items
    • gift cards to distribute to clients in need
  • Contribution of over $6M to the City’s Affordable Housing Fund 

Community

  • Commitment to First Source hiring, a program which promotes local hiring
  • Project Labor Agreement with 28 trades, supporting stable, local union careers
  • Contribution to the City’s Streets and Open Space Improvement Plan Fund 

Arts & Culture

  • Contribution of over $500k to the City’s Public Art Fund
  • Enhance public open spaces with trees, planters, new paving and a new build-out on the sidewalk
  • Installation of an Interactive Kiosk Experience, which assists with wayfinding through Berkeley

Governance

2023 GRESB results
(Stars)

4

GRESB Development*
(Ranking)

2

Above peer average
(Points)

14

Governance at Grosvenor

  • 2030 net zero carbon commitment 
  • 4-stars 2023 GRESB Development Benchmark Results 
  • 91/100 Overall Development ranking (14 points above industry peer average of 77)
  • *2nd Ranking for GRESB Development Score within Americas/Non-listed/Core/Closed end (within peer group)
  • ESG Partner Principles offer guidance for Net Zero Carbon, Sustainable Buildings, Sustainable Businesses and Communities, Health & Wellbeing, and Nature & Biodiversity objectives

 Environmental objectives in North America 

  • 58% reduction in overall BAU emissions by 2030; 100% of scope 1 and 2, 40% scope 3 (embodied carbon reduction)
  • 20% reduction in tenant spaces by 2030 (energy efficiency)
  • 50% of electricity consumption provided from renewable sources by 2030 (clean energy)
  • 75% of suppliers compliant with our supply chain charter by 2030 (partnerships)


Certain information contained in this page, including, but not limited to, the environment, social and governance targets set within, 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 within. 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. 

November 2023.

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