“Sustainability is not just a competitive edge or an optional business strategy—it’s a collective obligation.”
At Shorenstein, sustainability means enhancing investment performance, operational resilience, and business governance for the benefit of the company’s properties, tenants, employees, investors, and communities. We embrace sustainability as an opportunity to improve our business practices while also reducing our impact on the environment and strengthening the communities in which we operate.
As an industry leader in sustainability practices, Shorenstein was one of the first real estate companies in the country to formalize a “green” committee with a strong commitment to energy conservation and responsible environmental practices. We continue to employ operational best practices by setting annual goals and measuring our performance through national and international benchmarks such as LEED, Energy Star, Green Lease Leaders, the US Department of Energy Better Buildings Challenge, and GRESB. These efforts have added measurable value to our portfolio through reduced operating expenses and increased tenant satisfaction.
Our investment approach incorporates the consideration of sustainability and other environmental, social, and corporate governance (“ESG”) matters in its investment activities. Responsible investment is the integration of ESG considerations into investment management processes and ownership practices with the belief that these factors can have a positive impact on financial performance. Shorenstein recognizes that material ESG risks could affect performance of portfolio investments, and, furthermore, that the effective management of ESG issues may contribute positively to returns through alignment of interests of Shorenstein investors, the general partner, joint venture partners, employees, and other key stakeholders.
ANNUAL ESG REPORT
DIVERSITY, EQUITY & INCLUSION
Diversity, Equity, & Inclusion
At Shorenstein, we believe diversity of thought, inclusivity, and integrity are critical to achieving our mission to create a positive impact for our communities. We value each employee’s unique experience and perspective, which guide their contributions towards successfully developing and operating properties that meet ever-changing tenant requirements. We are committed to hiring and fostering a diverse workforce and to collaborating with our employees, investors, tenants and vendors of all races, colors, national origins, gender identities, sexual orientations, ages, religions, and abilities.