ESG AT RMR
Environmental Leadership
RMR’s environmental strategies and practices enable us to set ambitious targets and advance the environmental performance of our managed properties, optimize operational efficiency and strengthen our position in the marketplace.
In 2022, RMR established our Zero Emissions Promise to reduce GHG emissions by 50% from a 2019 baseline by 2030 and to achieve net zero emissions from operations by 2050. This target, which incorporates Scope 1 and Scope 2 emissions, involves deploying a suite of scalable technologies to achieve our goals and meet the needs of a growing business.
To achieve our net zero goal, we embrace opportunities that will add value to our clients’ properties, benefit tenants through lower operating costs and address investor demands to employ strategies that mitigate climate risk.
In 2023, we are engaging tenants to highlight the benefits of renewable energy. Our strategy is to deploy on-site solar to contribute to and meet the energy demand of our clients' properties while reducing emissions and impact from volatile energy prices.
RMR’s Pathway to Net zero EMISSIONS FROM operations
Our emissions reduction forecast incorporates a combination of strategic capital investments in energy efficiency by the Managed Equity REITs, stakeholder engagement to promote sustainable behavior, the deployment of on-site renewable energy and the purchase of energy from renewable sources.
Progress Towards Environmental Goals
In 2022, we achieved continued reductions in emissions, energy and water through operational sustainability programs.
$9.8 M
Cumulative value of energy savings across DHC, OPI and Private Capital portfolios from RMR’s Real-Time Energy Monitoring (RTM) program.
28.3%
reduction in energy consumption in 2022 vs. 2019 baseline
34.7%
reduction in GHG emissions in 2022 vs. 2019 baseline
15.1%
reduction in water consumption in 2022 vs. 2019 baseline
37.3%
waste diverted to recycling in 2022
Whether redeveloping properties for alternative uses, incorporating environmental resilience into property plans or reducing energy and water usage, we make decisions that best serve our organization, clients and tenants for the long term.