Letter from Our President and CEO
Sustainability is central to our mission of creating long term value. By managing our clients’ assets “like we own it” and enhancing our ESG policies, practices and disclosures, we demonstrate our commitment to the success of RMR and our clients. In 2022, we continued to advance existing programs while also establishing new initiatives and goals which we believe position our organization for the future.
Strengthening Governance
RMR is committed to governance that promotes the interests of all of our stakeholders. This past year, RMR and our publicly traded clients adopted four new policies around Employee Health and Wellness, Human Rights, Philanthropy and Business Partners’ Codes of Conduct. Adoption of these policies underscores the high standards of behavior to which we hold ourselves and our business partners.
Integrating and Achieving Environmental Goals
We made significant progress on our previously announced Zero Emissions Promise, achieving an overall reduction in emissions and energy of 35% and 28%, respectively, from a 2019 baseline. To achieve net zero emissions by 2050, we continuously evaluate new opportunities for our clients, such as on-site solar and electric vehicle charging infrastructure that can further drive emissions reductions and increase market competitiveness across our portfolio.
With an active pipeline of commercial real estate (CRE) development projects, we introduced a new green and energy-efficient equipment purchasing guideline which mandates the use of high energy efficiency equipment and environmentally friendly materials for new developments and major asset refurbishments
We also continued to achieve new certifications for our managed properties. ILPT received the first Industrial BOMA 360 awarded in the state of Hawaii. RMR and OPI received Partner of the Year – Sustained Excellence. DHC received some of the first ENERGY STAR® awards for Medical Office Buildings (MOBs) under ENERGY STAR’s® updated certification program in 2022.
We believe that our focus on building a sustainable business has been key to becoming a leading U.S. alternative asset management company with a nationwide portfolio.”
Empowering People
We continued to integrate the Mission, Vision and Values we articulated in 2021, incorporating them into our performance review process and annual employee awards program and creating channels for employees to recognize colleagues who best demonstrate these values.
New investments in training included the development of toolbox talks to promote safety with our engineering team and sponsorship of candidates for the Greater Boston Chamber of Commerce’s Future Leaders and Women’s Development programs.
Recognizing that diversity and inclusion programs will strengthen the organization over the long term, we sponsored employee participation in programs from The Partnership, Inc., saw a third cohort complete our Accelerated Women in Leadership Program and established our new Analyst Accelerator Internship Program to attract early career professionals from backgrounds underrepresented in CRE. We also created The RMR Group Veteran Team to engage employees at RMR who are veterans and better understand how we can attract veteran talent.
A Winning Tradition
We believe that our focus on building a sustainable business has been key to becoming a leading U.S. alternative asset management company with a nationwide portfolio and more than $37 billion in assets under management. Our efforts have been recognized by government organizations like the U.S. Department of Energy, industry associations like BOMA and media outlets like The Boston Globe. However, while we are proud of our accomplishments, we are motivated to continue building on our past efforts to drive operational performance across our clients’ portfolios and create additional value.
Adam Portnoy
Chair of the Board, Managing Director,
President and Chief Executive Officer