Our developments deliver not only on what our partners require right now, but on their vision for years down the line. We look at every project with a long-term view, and build relationships that last for the long haul.
Throughout our logistics portfolio, we believe in reducing our properties' impacts on our communities through our global sustainability practices.
We have been focused on creating a innovation-focused, sustainable portfolio since we acquired our first logitics properties. As part of this, we have committed to the following ongoing initiatives to ensure that we are keeping our properties at the forefront of responsible operations and development:
metric ton reduction in emissions
Energy Star certification goal
million square feet retrofit with LED lighting
Over the coming years, we will pursue standard LEED certification for all of our development properties. In addition, our developments will be designed according to WELL building standards, which among other areas introduces more natural light and fresh air into our properties. This will help ensure tenant wellness, and - we hope - ultimately assist our tenants and partners with employee retention and business performance. Further, we have also begun to integrate timber construction into our structures and facades as they have the lowest CO2 cost of any commercially available material.
We are focused on taking our entire portfolio to the next level when it comes to sustainability.
Devin Barnwell, Head of Logistics, U.S.
Similar to our retail team, we believe in utilizing our flat roofs for solar energy projects. In addition to installing solar panels on roofs and over car parking, we aim to harness the energy via battery storage, reducing our reliance on grid power sources by 2023. In addition, EV charging stations will be made standard at all future developments and major business parks. We believe this will assist our tenants as they move their fleets away from fossil fuel dependency.
Finally, we are also planning to install power over ethernet in our properties, as this users less power than traditional buildings. It also further equips our properties to provide better data infrastructure to our tenants, ultimately improving their experience, as well.