GREEN BUILDING
16
BUILDING PERFORMANCE STANDARDS
BIODIVERSITY 1
GREEN LOANS
BPS in the US: As cities and states across the US implement Building Performance Standards (BPS) to drive energy efficiency and emissions reductions, our properties must comply with a range of evolving requirements. Greystar Advantage Solutions, our property management service, offers Energy and Sustainability Services to provide proactive compliance support by combining energy star ratings, energy intensity information, and carbon emissions data. We now provide around 370 managed and third-party properties with custom dashboards that track performance against compliance requirements. In addition to data visualization tools, regional managers receive educational materials on applicable laws. This comprehensive approach not only mitigates against costly non-compliance penalties but positions our properties for long- term efficiency improvements aligned with Greystar and client sustainability goals.
Rooftop Beehives: Since 2021 we’ve partnered with a responsible beekeeping company to introduce urban beekeeping across more than 20 Greystar communities in the US, UK, and Europe. This joint programming not only strengthens our sustainability commitments but also fosters a deeper connection between residents and nature. Each participating property receives two hands-on beekeeping workshops per year, giving residents a unique op- portunity to engage with their local hive and beekeeper. In 2024, approximately 1,450 tenants participated in hands-on beekeeping experiences and 3,100 jars of rooftop honey were shared with residents. As part of our partner’s hive monitoring, we receive eDNA biomonitoring of bee health and local pollination, offering concrete data on our impact on biodiversity. Established hives have so far supported the pollination of 255 square miles, enhancing biodiversity across our neighborhoods. We recognize the critical role biodiversity plays in creating resilient communities. Healthy ecosystems support local flora and fauna, improve air and water quality, and enhance overall well-being.
Sustainable Financing: Our robust green loan framework and governance structure have been key in our ability to grow the number of sustainable financing loans that are available to assets in our portfolio. This framework is overseen by our formal Green Loan Committee, which meets quarterly to track risks and monitor progress across all green loan-backed projects, ensuring we maintain compliance with lender requirements while driving continuous improvement in our sustainability performance. Our demonstrated ability to meet sustainability targets has supported our expansion from a single project to close to $1.3 billion in confirmed and pipeline of green loans for assets in our portfolio within this past year. This portfolio spans multiple European countries and asset classes, incorporating various criteria including EPC ratings, BREEAM certifications, and net zero targets. Notably, one of our projects has successfully completed its first annual second-party verification, demonstrating progress toward meeting lender requirements and increasing lenders’ confidence in our ability to deliver on sustainability commitments.
Spoke Chicago, IL
1 These examples are for illustrative purposes only. It should not be expected that Greystar will always implement similar sustainability processes or that comparable results will consistently be obtained.
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