To meet our climate action goals, we design, construct, retrofit and operate properties to minimize their greenhouse gas emissions, their total energy use, and their water consumption. Each property, and the whole portfolio, commits to an emissions and energy intensity reduction of 20% against their baseline, and a water intensity reduction of 15% against baseline. Figure 1 shows the portfolio’s progress towards meeting its climate goals: decreasing overall energy intensity by 6.12%, emissions intensity by 5.29% and water intensity by 9.26%.
Graph showing % Change in Intensity by Square Feet
The built environment contributes approximately 40 percent of all CO2 emissions in the United States, thus renovating existing building stock and holding our new developments to the highest environmental standards must be part of the climate solution. We aim to meet this challenge by reducing the climate and resource impact of our portfolio while creating resilient, future-proof properties.
As our portfolio grows, so does the potential impact we can have on the emissions from the existing building stock. Since 2008, the Portfolio has cumulatively reduced its emissions by 7,811 Metric Tons of CO2e or approximately 17.2 Million pounds of CO2e. This is equivalent to the carbon that would be sequestered by 129,000 trees over 10 years of growth. This metric captures the carbon emissions avoided through Jonathan Rose Companies’ interventions like electrification, energy efficiency, and conservation against constant “baseline” throughout our ownership period.
GREENHOUSE GAS REDUCTION
GOAL: Reduce carbon dioxide equivalent (CO2e) emissions intensity by 20% or more from baseline.
GOAL: Reduce energy intensity by 20% compared to baseline.
GOAL: Reduce water intensity by 15% compared to baseline.
GOAL: Increase the amount of waste diverted from landfills by 15% from baseline.