ENVIRONMENTAL, SOCIAL & GOVERNANCE OBJECTIVES

Pacific Urban Investors believes incorporating Environmental, Social and Governance (ESG) into our business processes demonstrates good corporate citizenship and industry best practices, which aligns with our fiduciary duty to our clients.  Saving resources, reducing our impact on the environment, promoting health and well-being and increasing the resilience of our properties are concerns for us and our stakeholders.  We have developed the following ESG Objectives to set goals and targets as part of our EcoLogic ESG Program, which was created to reduce energy and water consumption, increase recycling, improve indoor air quality, enhance resilience features to mitigate risks due to climate change, and encourage the health and well-being practices of our residents throughout our portfolio.

 

ENVIRONMENTAL

  • Reducing the energy, GHG emissions, water and waste consumption at our properties and achieving the following long-term reduction targets:
         - Energy and GHG Emissions - reduce by 30% by 2026 compared to a 2016 baseline
         - Water - reduce by 20% by 2026 compared to a 2016 baseline
         - Waste - double recycling (diversion) rates by 2026 compared to a 2016 baseline
  • Tracking and monitoring the energy, GHG emissions, water and waste at our properties and identifying low-cost sustainability measures, analyzing capital upgrades and evaluating technologies to improve performance and resilience to climate-related risks of our properties and meet our reduction targets
  • Evaluate and pursue third-party building certifications

 

SOCIAL

  • Investors – communicating with investors and providing regular updates on our EcoLogic ESG Program
  • Property Managers – providing training to our property managers on environmental, social, governance and health & well-being issues through resources such as the PUR Property Management Policy & Procedure Outline, annual ESG Surveys and internal sustainability assessments
  • Residents – engaging with residents and promoting sustainability awareness by developing and distributing educational materials, hosting community-wide events, conducting resident satisfaction surveys, and providing sustainable and healthy amenities
  • Employees – providing benefits and resources to our employees such as annual ESG training, promoting health & well-being through our health club program, and conducting annual career performance reviews
  • Community – giving back to local communities through our PUR Cares program and hosting events at our properties
  • Supplier Partners – interfacing with supplier partners to incorporate sustainable procedures and products

 

GOVERNANCE AND TRANSPARENCY

  • Publicly posting our ESG Objectives and reviewing and updating them regularly
  • Following the leadership of our ESG Taskforce to implement our EcoLogic ESG Program and staying abreast of new technologies, updated benchmarking disclosure laws, utility incentive programs, third-party certifications and all other ESG related topics.  
      

Ecologic isn't just the name of our sustainablity program, it's our philosophy.