2023-2024 Real Estate Sustainability Report

Our survey of institutional investors from around the world reveals that a continued focus on sustainability issues remains important and is an expectation for the majority of our clients. Meeting these standards is also vital for real estate investment management, as we believe buildings that do not decarbonize face risk of obsolescence.

Our 2023-2024 sustainability report provides an update on our achievements to date and our plans for the future.

2023-2024 highlights:

• Our target to reduce the energy intensity of our global real estate equity portfolio by 30% remains on track
• We continue to progress on our pathway to net zero carbon by 2040
• 67% of our office assets now have heating, ventilation and air conditioning (HVAC) optimization measures in place
• 265 of our buildings across Europe, APAC and the U.S. have high-energy performance demonstrated by ENERGY STAR, NABERS certification, or EPC ratings of A or B
• 95% of our housing units are deeply affordable, with 92% implementing green improvements
• 89% of properties across all sectors have completed Tenant Satisfaction Surveys, allowing us to maintain an open and collaborative relationship with our building customers