PORTFOLIO ENERGY PERFORMANCE
Better Buildings Challenge Partners strive to decrease portfolio-wide source energy use intensity (EUI) and to increase the percent improvement compared to a set baseline. Shorenstein's portfolio consists of more than 70 properties and 20 million square feet.
Between 2008 and the current reporting period of 2019, Shorenstein has improved energy performance by an average of 3% each year. The company is pursuing a three-pronged approach to continual performance improvement that consists of smart operation, investment in efficiency, and tenant engagement. Energy consumption during 2020 was significantly lower than a typical year since COVID-19 disruptions resulted in temporary building closures and reduced occupancy for much of the year.
WASTE DIVERSION RATE AND ABSOLUTE WASTE
Better Buildings Waste Pilot cohort participants strive to reduce portfolio-wide waste intensity and increase overall waste diversion. Shorenstein Properties is working towards a goal of 75% waste diversion by 2025. As of 2020, Shorenstein tracked waste data at 52 facilities and achieved an overall waste diversion rate of over 49%. Shorenstein informs employees and tenants that their participation in recycling and composting has a direct impact on the reduction of greenhouse gasses and therefore minifies adverse climate conditions. Today half of all waste at our properties is diverted to recycling and composting. Shorenstein has established a long-term goal to increase that diversion rate by 20% across our portfolio by the year 2025. Shorenstein’s property teams work with local communities across the nation to source alternatives to landfill and incineration. The Shorenstein Sustainability Program provides support and education about reducing, reusing and recycling, as well as composting. The message to tenants and employees is that strong participation in sorting waste at the source is the best way to individually demonstrate environmental responsibility.
*2020 waste disposal is significantly lower than a typical year since buildings experienced reduced occupancy due to COVID-19 disruptions.