ESG AT RMR
Environmental Leadership
Leadership in environmental best practices—building in resilience to environmental hazards, extreme weather and changing markets—has been synonymous with strong performance and value creation at RMR for years.
We began tracking energy use, water consumption and waste diversion across the company in 2009. Our accumulated track record on green building certifications, such as ENERGY STAR®, and the tools we use for monitoring performance and data collection make us leaders in the commercial real estate industry.
In 2021, we introduced RMR’s Zero Emissions Promise. That commitment, part of a set of revised targets to further reduce energy use, GHG emissions, water consumption and waste to landfills, sets us on a path to achieve our goal of being net zero emissions by 2050, in alignment with the Business Ambition for 1.5°C. In conjunction, we’ve also increased the rigor of our reporting and alignment with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
RMR’s Pathway to Net zero EMISSIONS FROM operations
50%
Our GHG emissions reduction goal by 2030 (from a 2019 baseline)
2050
RMR’s target year to
achieve net zero emissions
achieve net zero emissions
FEATURED STORY
Climate Scenario Assessments
Nearly 2,100 properties assessed for climate-related risk exposures including storm surge, flooding, wildfire and extreme heat
In 2021, RMR took steps to significantly increase the depth of our alignment with all four pillars of the TCFD framework. We continue to refine our long standing engineering and management practices that prioritize environmental resilience and risk mitigation with activities related to management oversight, enhanced data gathering, assessment of risks and opportunities, and the adoption of science based emissions targets.
Risk mitigation practices, such as supply side and demand side energy management programs, performance benchmarking, legislation tracking and climate-related emergency preparedness, have been in place at RMR for years. The data we obtain to assess climate change exposure has evolved more recently.
Environmental Leadership Highlights
Taking the long view, like we own it, is the principle that guides RMR’s leadership in energy and environmental management. It informs all of our activities, from data capture and reporting, to how we meet the needs of our clients and their tenants.
25%
reduction target for water consumption by 2030 (2019 baseline)
50%
reduction target for waste diversion by 2025
56
LEED certified properties
(10,830,712 sq. ft.)
(10,830,712 sq. ft.)
70
ENERGY STAR® certified properties
(10,227,740 sq. ft.)
(10,227,740 sq. ft.)
60
BOMA 360 recognized properties
(7,500,123 sq. ft.)
(7,500,123 sq. ft.)
$7.6 M
Cumulative savings to date
from RMR’s Real-Time
Energy Monitoring program
19.9%
reduction in energy
consumption
(2019 baseline)
26.8%
reduction in GHGs
(2019 baseline)
ENERGY STAR® Award for
Sustained Excellence RMR and our client, OPI, received ENERGY STAR® Partner of the Year, Sustained Excellence awards from the U.S. Environmental Protection Agency and U.S. Department of Energy.
Sustained Excellence RMR and our client, OPI, received ENERGY STAR® Partner of the Year, Sustained Excellence awards from the U.S. Environmental Protection Agency and U.S. Department of Energy.
The timing for setting new GHG emissions reduction goals was opportune given the increased attention around mandating climate-related disclosures. This was a strategically important move to make with science based emissions targets and strategies increasingly considered best practices for companies that are able to contribute to mitigating climate change.