Our standard leases included several clauses that align with specific green lease clauses.
Tenant level sub-metering in office buildings is increasing, along with web-based access for the tenant to their data. A tenant knowing they are being billed on the basis of their sub-metered usage, and them having access to that data is generating about an 8% reduction in their energy use.
Through our tenant engagement program, sharing of monthly newsletters and posters promotes various ESG topics like energy efficiency, value of “walking meetings”, volunteering, green plants and healthy eating. Many properties also host on-site activities like yoga classes and ESG lunch and learns.