Environmental Objectives
Increase the use of employee alternative transportation and decrease our scope 3 emissions:
- Providing employees a monthly subsidy on commuting passes for public transportation
- Publicize links of local transit opportunities
Reduce or eliminate the use of paper products by:
- Promoting recycling
- Printing double-sided reports and presentations
- Minimizing printed materials by focusing on using electronic copies of reports and presentations
Reduce or eliminate the production of waste:
- Installing water dispensers and providing all employees with reusable water bottles
- Removing plastic water bottles from the office
- Limiting single serve paper or plastic cups
Social Objectives
Encourage employee involvement and open communication through the deployment of our annual employee survey, regular trainings (including ESG topics), career development programs, and annual employee performance reviews
Facilitate diversity education, training, communication, and collaboration to utilize the full potential of each employee
- Partnered with ThinkHR to conduct anti-harassment training for all employees
- Offer online diversity education and training for employees
Facilitate better employee health and well-being through improved indoor air quality, adding handicap accessibility, and by promoting additional health and wellness strategies at our offices
Address the information needs of our key stakeholders and communicate with them on information including environmental, social, and corporate governance issues
Foster community engagement at CrossHarbor through the development and support of charitable programs by:
- Implementing casual dress Fridays for employees who donate $10 each month
- Encouraging employees to submit charity events for firm sponsorship and to attend charity events including:
- School on Wheels Massachusetts Outrunning Homelessness
- Corey C. Griffin Charitable Foundation
- FamilyAid Boston
- United Way of Massachusetts Bay and Merrimack Valley
- National Brain Tumor Society
Promote diversity and inclusion at our company by continuing to be an equal opportunity employer
- Partnered with OppNet’s Opportunity Ignited Corporate Solutions and formed a summer internship program to hire from their diverse internship candidate pool to increase and develop the awareness of BIPOC talent at CrossHarbor
- Founding Sponsor of the PREA Foundation and active member of AFIRE and ULI, all organizations focused on increasing diversity and inclusion in the institutional real estate industry
Collaborate with our joint venture partners on implementing, tracking, and reporting our ESG initiatives
Governance Objectives
Regularly convene with our ESG Taskforce to discuss the goals, strategy, and management of our ESG Program
Hold annual investor meetings for all active funds (including Advisory Board meetings) to ensure transparent communication
Align our program with sustainability reporting frameworks such as GRESB to improve overall ESG performance and increase transparency
Seek to use governance structures that provide appropriate levels of oversight in the areas of audit, risk management, and potential conflicts of interest
Continue to participate in industry organizations and associations designed to facilitate communication, transparency, and the sharing of knowledge, consistent with ILPA reporting guidelines
Continue to exceed or comply with all national, state, and local labor laws and regulation standards
Distribute quarterly and annual reports to Limited Partners and include ESG updates
Environmental Objectives
Evaluate and implement best practices and low-cost sustainability initiatives to increase the efficiency of our real estate portfolio across both our existing and development properties
Assess feasibility and strategically achieve third-party green building certifications such as LEED, BREEAM, IREM CSP, Green Key, Green Globes, and NGBS
If applicable, pursue ENERGY STAR certification for eligible buildings annually
Social Objectives
Empower our asset managers and third-party property managers by providing sustainability preferred practices and resources
Educate asset managers and our third-party property managers on environmental, social, governance, and health and well-being issues
Encourage our tenants to participate in our ESG program by providing educational materials, hosting events, and implementing green lease language
Evaluate health and wellness certifications and ratings such as WELL and Fitwel
Governance Objectives
Evaluate ESG as part of the due diligence process during acquisition by identifying risks and opportunities regarding benchmarking ordinance compliance, resilience risks, green building certifications, energy and water efficiency initiatives, and other ESG-related topics
- Engage a third party ESG consultant to perform an ESG assessment on all new investments
Ensure our assets comply with local jurisdiction benchmarking requirements and any additional policy or regulatory changes
Monitor property and portfolio performance on a regular basis through a formalized reporting process
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