Tailored Living. Eco-Style.
Selecting a place to live is an important decision and says a lot about a person’s priorities and what they think about the world around them. An individual’s selection of residence can also have a significant impact on the environment, both locally and globally.
Monogram Residential Trust is committed to acting in an environmentally responsible manner by implementing sustainable business practices throughout our portfolio and by encouraging our residents to partner with us in reducing the environment impact of their local community. We understand that fostering the best quality living experience for our residents has to include a responsibility to the world around us.
Monogram has developed a sustainability team comprised of individuals from different areas of the organization, from site level operations to the corporate office. Together these individuals are charged with developing a framework that can be implemented across the entire portfolio, with quantifiable actions and measurable results. Members of the team are charged with evaluating environmental best practices, identifying opportunities to reduce our environmental impact as an organization and creating educational tools for our employees, residents and vendors.
Monogram’s sustainability efforts are focused on the following core areas:
- Waste Management & Recycling
- Air Quality
- Energy Efficiency
- Water Efficiency
- Resident Initiatives
Our goal is to reduce water and energy consumption 2% annually for our same store portfolio, with a 10% decline by 2020. These targets were determined based on historical savings results after implementing and evaluating potential energy and water saving opportunities for our portfolio. Each quarter the team identifies a select number of initiatives and focuses intensely on adoption of those ideas. New sustainable practices are clearly defined and initiatives are supported with educational and collateral material as appropriate.
In 2015, Monogram Residential Trust participated in the Global Real Estate Sustainability Benchmark (GRESB) survey. The survey considers seven unique aspects of sustainability with the goal to provide a global industry standard for the assessment of the environmental, social and governance performance of real estate portfolios. In our first year of participation, we outperformed our peers in overall score with above average performance in the following aspects: risks and opportunities, monitoring and EMS, performance indicators and stakeholder engagement.
While pleased with our first-year performance, we have worked hard to improve upon our score for the 2016 survey and look forward to receiving our results later this year.
Emissions and consumption data as submitted for the 2015 GRESB survey is presented below: