Environmental
We aim to develop and operate properties that achieve optimum resource efficiency, occupant satisfaction, and reduced carbon emissions, anticipating and understanding our longer-term climate risks
Sustainability is an integral component of our long-term success. We pride ourselves on incorporating innovative practices every day, and believe that using resources in a responsible manner preserves and protects our environment for future generations.
Our Guiding Principles
Our approach is based on the following Environmental, Social, and Governance (ESG) principles.
Social
We’re focused on improving the health and wellness of our employees and customers, and prioritize making a positive contribution to the communities we serve
Governance
We are always transparent in the reporting of our efforts to investors and stakeholders, and continue to adhere to the principles of Brookfield's Code of Conduct
2022 Goals
Over the past year we’ve seen tremendous progress toward our 2022 sustainability goals. We’re proud to report them to you and aim to continuously improve upon them for years to come.
Electricity
47.5%
reduction in common area grid purchased electricity consumption
79%
complete toward 2022 goal
Greenhouse Gas (GHG)
40%
reduction in controllable GHG emissions
77%
complete toward 2022 goal
Water
12%
reduction in water consumption
95%
complete toward 2022 goal
Waste
50%
annual waste diversion rate
78%
complete toward 2022 goal
PROPERTY SPOTLIGHTS
Our sustainability practices aren’t pipe dreams — they’re proven — and we’re continuing to lead the charge in the industry. These featured properties saw significant results in 2019.
Columbia, Maryland
In 2019 The Mall in Columbia received the “Certified Sustainable Property” distinction from the Institute of Real Estate Management (IREM). Our initiatives led to a 27% reduction in total grid-purchased electricity consumption for the property when compared to 2014.
Honolulu, Hawaii
With significant measures in place, the property has reduced its common area grid consumption by approximately 20% when compared to 2018.
Minnetonka, Minnesota
Ridgedale Center partnered with the University of Minnesota’s “Master Gardener” program to open one of the first community gardens at a U.S. mall.
Over 34 million square feet certified to the Institute of Real Estate Management's (IREM) "Certified Sustainable Property" (CSP) program
2019 was a year full of recognition for our property teams’ commitment to sustainable operations. The results of their hard work and dedication were submitted to IREM’s CSP program, which provides a meaningful distinction for existing buildings and, upon certification, highlights our commitment to sustainable property operation. This holistic program allows our properties to demonstrate success in five categories across energy, water, recycling, health, and purchasing.