What is Your Company's Biggest ESG-Related Accomplishment to Date?

REIT magazine: July/August 2018

Mark Brugger, President & CEO, DiamondRock Hospitality Co. (NYSE: DRH)

"We are currently undertaking our biggest ESG-related project to date—retrofitting our entire portfolio with low-energy LED lighting. This project is estimated to save more than 11 million kilowatt-hours of electricity annually across the portfolio and prevent more than 13 million pounds of carbon dioxide from entering the environment. In addition to the important environmental benefits, LED systems present a very compelling return on investment, reducing lighting electricity consumption up to 79 percent per property.

We have set aggressive environmental targets to do our part in combating climate change. By 2025, we expect to reduce the overall carbon emissions of our existing hotels by 30 percent, energy consumption by 15 percent, and water usage by 18 percent.”

John Kilroy, Chairman, President & CEO, Kilroy Realty Corporation (NYSE: KRC)

"We have been recognized as the North American leader in sustainable commercial offices for four straight years. Achieving this kind of continuous excellence requires that every single member of our team believes deeply in our commitment to sustainability. Company-wide commitment enables us to keep finding energy and water reductions year after year in our stabilized portfolios while also leading the market in other areas like governance, health, biodiversity, green leasing, energy storage, and transparency.

This strong performance also extends to our development portfolio. All of our development projects are built to LEED Platinum or Gold standards, and we have LEED certified every development project since 2010."

David LaRue, President & CEO, Forest City Realty Trust (NYSE: FCE.A)

“From an environmental perspective, in addition to being named a 2018 ENERGY STAR Partner of the Year, we just announced our biggest accomplishment to date. Forest City is the second U.S. REIT to set greenhouse gas reduction targets approved by the Science Based Targets initiative. Our ESG leadership reflects our strategic alignment with our core markets, who all have similar goals of their own, and our core values, which our associates bring to life every day.

As a focused urban placemaker, Forest City has a well-rounded ESG program that helps us proactively address the issues that matter most to our stakeholders. It starts with good governance—ESG issues have formal oversight from our board and are integrated into our enterprise risk management.”

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