2022 Environmental Social Governance (ESG) Report
> The ESS team completed energy and carbon assessments for Nuveen Real Estate ’s Boston portfolio, totaling over 2.4 msf. The comprehensive evaluations included analysis of historical energy consumption and greenhouse gas emissions, assessment of mechanical equipment and identification of potential energy conservation measures. The ESS team identified opportunities to reduce energy consumption by an average of 15%, resulting in an average of approximately $860,000 of utility cost savings and an average of 1,890 metric tons of greenhouse gas emissions reductions for the portfolio. We delivered a roadmap for each building to achieve net zero carbon output and compliance with the Boston ordinances that target a 40% reduction in the buildings’ GHG emissions by 2030 and 80% by 2050.
> The ESS team provided support for global real estate development, investment capital and property management company Mapletree beginning in May 2022 by assisting in onboarding office, industrial and data center assets into the client’s environmental data management platform. We were able to utilize improved data to develop ongoing tracking and measuring, laying the groundwork for future benchmarking and certification submissions.
The ESS team also assisted in the green certification processes for the client.
28 | CUSHMAN & WAKEFIELD 2022 ESG REPORT
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