PROGRESS ON OUR COMMITMENTS
6
Greystar is committed to continual improvement across our global portfolio.
3.3% reduction in energy intensity in 2023
3.2% decrease in water intensity in 2023 (from 2022)
2.9% decrease in carbon emissions intensity in 2023
40
140
3
25 %
20 %
OPERATIONAL CARBON BY 2040 1, 6 net 0
120
2.5
35
We have provided our first public update on progress toward our key sustainability commitments. Environmental data on asset performance comes from our third-party reviewed GRESB submissions, ensuring consistency, reliability, and alignment with industry standards. This update includes 2022 and 2023 environmental data, as 2024 data will be made available in late 2025 following our annual GRESB reporting cycle. While the portfolio evaluated will change over time given our typical hold period, we continue to work towards year-over-year improvements across properties in line with our targets.
100
2
30
80
1.5
25
REDUCTION IN ENERGY INTENSITY BY 2030 2, 6
See page 16 for a case study on how Greystar is reducing landscaping water usage through smart irrigation technology DECREASE IN ON-SITE WATER USAGE BY 2030 3, 6
60
1
20
40
.5
15
20
0
See page 10 for more detail on how Greystar is helping assets manage their energy consumption
See page 11 for an update on Greystar’s net zero planning at the asset level
10
2022 2023
2022 2023
2022 2023
73% of fund AUM received 3 out of 5 stars or higher in 2024
176.6k community service hours since 2022
60%
400k
3
400k
50%
TWO POINTS ABOVE THE GLOBAL AVERAGE
300k
40%
Our average points score was 78
200k
30%
2024 63.6k
TEAM MEMBER COMMUNITY SERVICE HOURS CONTRIBUTED BY 2030 4, 6
TARGET THREE STAR GRESB RATING FOR PARTICIPATING FUNDS WITHIN 3 YEARS 5, 6
100k
20%
2023 66.3k
50k
10%
2022 46.7k
See page 25 for more detail on Community Giving
See page 34 for more detail on Greystar’s GRESB participation
0
1* 2* 3* 4* 5*
1 Net zero carbon goal scope includes scopes 1 and 2 carbon emissions from landlord-controlled areas for assets within Greystar’s discretionary residential investment vehicles measured from a 2022 baseline. 2 Energy intensity goal scope includes energy use within landlord-controlled areas for assets within Greystar’s discretionary residential investment vehicles measured from a 2022 baseline and normalized by appropriate corresponding building areas. 3 Water use goal scope includes Greystar’s discretionary residential investment vehicles measured by property from a 2022 baseline. 4 Team member community service hours measured from 2022 through 2030. 5 Greystar pays a nominal fee to GRESB to be eligible for this rating and score. 6 These sustainability goals outlined herein are purely voluntary, are not binding on investment decisions and/or Greystar’s management of investments and do not constitute a guarantee, promise, or commitment regarding actual or potential positive impacts or outcomes associated with investments made by funds managed by Greystar.
Powered by FlippingBook