Sustainability Press

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

Responsible Management Commitment

At Shorenstein, sustainability means enhancing building performance, investment resilience, and business governance for the benefit of properties, tenants, employees, and communities. We embrace environmental, social, and governance best practices as an opportunity to improve our business. Our efforts have added measurable value through reduced operating expenses and increased tenant satisfaction.

View Shorenstein’s 2017 Sustainability Report, “Building a Sustainable Future”





Building Performance Targets

As of year-end 2016, we have achieved our portfolio-wide building performance targets:

LONG-TERM TARGET & PERFORMANCE TO DATE Energy Greenhouse Gas Emissions
REDUCTION THROUGH YEAR-END 2016 20.4% 23.3%
Target by 2020 20.0% 20.0%

Leadership in Governance


Sustainability Committee

Shorenstein’s Sustainability Committee is a multi-departmental team composed of professionals from across the organization. The Committee implements the company’s building performance strategy, a three-pronged approach to continual improvement that consists of investment in efficiency, smart operation, and tenant engagement.


PREP Committee

The Property Resources for Emergency Preparedness Committee (PREP) prepares property management teams to anticipate, plan for, and respond to emergencies for the purpose of protecting our assets and people. From terrorism threats to system outages to crisis communication, PREP ensures the ability of our building teams to adapt and respond to disaster situations.


Operational Risk Management Committee

The Operational Risk Management Committee is a standing, cross-departmental body that takes into account the company’s legal and regulatory environment, contractual obligations, prudent business practices, and industry norms.



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 improve energy performance in buildings reduce energy use 20% by 2020.

BOMA

As a Building Owners and Managers Association (BOMA) member, Shorenstein engages broadly with BOMA on a variety of sustainability, policy, security, and other industry matters. We actively participate in BOMA’s National Advisory Council as well as BOMA chapters in local markets across the country.

EDF Climate Corps

Shorenstein is an Environmental Defense Fund (EDF) Climate Corps partner and host organization.

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

The Global Real Estate Sustainability Benchmark (GRESB) is an industry-driven standard for assessing the sustainability performance of real estate investment portfolios. Shorenstein’s annual GRESB result provides relevant, comparable information for assessing strengths and areas for improvement.

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 FlipTheSwitch.info website, providing its tenants with energy and sustainability tools right at their fingertips.

U.S. Green Building Council

Shorenstein is a platinum member of the U.S. Green Building Council. The company is committed to the Leadership in Energy and Environmental Design (LEED) standard for the design, construction, and operation of its properties and supports professional accreditation for employees.