Commercial, Energy Efficiency, GHG Emissions - April 16, 2024
RMR Group Lowers Emissions by 33%
The RMR Group, an alternative asset management company, achieved progress toward its environmental goals, including a 33.2% reduction in Scopes 1 and 2 GHG emissions and a 26.7% reduction in energy consumption measured from a 2019 baseline.
The company is on target to achieve a 50% reduction for Scopes 1 and 2 by 2029.
The RMR Group also implemented an on-site solar energy program in collaboration with tenants at several managed industrial and office properties, leveraging available rooftop space to install renewable energy generation systems.
Details were listed in its 2023 Annual Sustainability Report, which outlines the company's Environmental, Social and Governance (ESG) strategies, practices and industry recognition on behalf of the organization and several of its clients. RMR’s clients include Service Properties Trust, Diversified Healthcare Trust, Office Properties Income Trust, Industrial Logistics Properties Trust, Seven Hills Realty Trust, AlerisLife Inc. and Sonesta International Hotels Corporation.
Throughout 2023, RMR and its clients continued to demonstrate their commitment to sustainability through highlighted achievements, such as an increase in the number of properties that hold ENERGY STAR®, LEED and BOMA 360 certifications, with 245 total green building certifications.
“We believe sustainability is crucial to creating long-term value for our clients,” said John Forester, Vice President, Energy and Sustainability, in a statement. “Over the past year, we have continued to invest in and expand our sustainability services, further reducing the environmental footprint of the properties we manage and fostering positive impacts on employees, tenants and the communities in which we operate. We remain committed to implementing electrification and decarbonization strategies that are profitable for our clients and deliver optimal spaces to their tenants.”
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