“Sustainability is not just a
competitive edge or an optional
business strategy—
it’s a collective obligation”
~ Doug Shorenstein

Responsible Management Commitment

We continuously evaluate and improve the sustainability of the company’s investment and management practices. Properties that are operated efficiently and that deliver desired amenities perform better financially. Our sustainability program differentiates properties in the market, supporting tenant acquisition, satisfaction, and retention. As such, managing our environmental footprint and positively impacting the communities where we operate is not only the right thing to do, it is a sound and valuable business practice.


Environmental Performance Strategy

> Investment in Efficiency
> Smart Operation
> Tenant Engagement
View Shorenstein’s 2016 Sustainability Report, “Building a Sustainable Future”

Performance Targets

We have established the following performance targets to track the environmental impact of our properties:

LONG-TERM TARGET & PERFORMANCE TO DATE Energy Greenhouse Gas Emissions
REDUCTION SINCE 2008 THROUGH 2015 19.5% 19.0%
Target by 2020 20.0% 20.0%

Our G.R.E.E.N. Committee
We established the G.R.E.E.N. (Green Real Estate Environments Now!) Committee in 2008. The Committee, a multi-departmental team of professionals from across the organization, allows Shorenstein to identify and implement sustainable innovations in our operating and investment activities.



Partnerships

As part of the company’s foundational commitment to educational advancement of low-income youth, Shorenstein supports Aim High through executive leadership, funding and fundraising support, and hosting career trips for students. Since this partnership began, Shorenstein has donated more than $1 million to Aim High, helping to create brighter futures for thousands of Bay Area students.

Aim High

As part of the company’s foundational commitment to educational advancement of low-income youth,
Shorenstein supports Aim High through executive leadership, funding and fundraising support, and hosting career trips for students. Since this partnership began, Shorenstein has donated more than $1 million to Aim High, helping to create brighter futures for thousands of Bay Area students.

Better Buildings Challenge

Shorenstein participates in the U.S. Department of Energy’s Better Buildings Challenge, with a commitment to reduce energy use 20% by 2020. As a partner, the company shares its energy efficiency best practices with real estate peers, and has published two case studies.

BOMA

As a Building Owners and Managers Association (BOMA) member, Shorenstein engages with BOMA on sustainability. In 2012, we successfully completed the BOMA 7-Point Challenge by achieving a 32% reduction in energy use below the Challenge baseline. We actively participate on the BOMA Energy and Environment Committee and are a multi-year winner of the BOMA Bay Area Innovative EARTH Award.

EDF Climate Corps

Shorenstein has been an Environmental Defense Fund (EDF) Climate Corps partner since 2009. Each year, Shorenstein hosts a Climate Corps fellow from one of the nation’s top MBA programs to accelerate the company’s energy and sustainability program.

ENERGY STAR

Shorenstein is an Environmental Protection Agency ENERGY STAR partner and benchmarks all properties using ENERGY STAR Portfolio Manager. The majority of the company’s buildings have either qualified for the ENERGY STAR label or are pending approval.

GRESB

Shorenstein earned the Global Real Estate Sustainability Benchmark (GRESB) “Green Star” rating in 2014, the highest designation. GRESB is an industry-driven standard for assessing the sustainability performance of investment portfolios. As a first-time survey participant, Shorenstein ranked in the top quartile of 637 survey participants globally.

Real Estate Roundtable Sustainability Policy Advisory Committee

Shorenstein takes a leading role in shaping national sustainability policy. The company’s active participation on the Real Estate Roundtable’s Sustainability Policy Advisory Committee is influencing federal legislation, with positive environmental outcomes for the real estate industry.

Tenant Engagement

Shorenstein actively engages tenants to further improve the sustainability of its office properties. The company’s signature Flip the Switch Program provides tenants with the knowledge, tools, and incentives to drive environmental performance in their own workplace. Additionally, Shorenstein offers sustainability resources through the company’s GreenShorenstein.info website, providing its tenants with energy and sustainability tools right at their fingertips.

U.S. Green Building Council

Shorenstein has been a member of the U.S. Green Building Council since 2008. The company is committed to the Leadership in Energy and Environmental Design (LEED) standard for the design, construction, and operation of its properties, with over fifteen million square feet of LEED-certified property.