Environmental
Resource Reduction in Practice
Located at the epicenter of New York City’s dynamic creative industry in Hudson Square, steps from Soho, TriBeCa, and the recently-opened Hudson River Park, 315 Hudson offers proximity to an eclectic mix of restaurants, boutique hotels and shopping, as well as the Hudson River waterfront. This property is LEED EB:OM Certified with the U.S. Green Building Council.
In 2019, the Energy Efficiency Index increased from 10.73 kwh/m2 per month to 11.38 73 kwh/ m2 per month due to sustained efforts to improve equipment efficiency through replacement of air handling units (AHUs) and fan coil units (FCUs), LED light fittings, as well as energy performance contracting at three shopping center properties in Singapore.
In 2019, PGIM Real Estate was chosen by the Mexican Association for Industrial Parks (AMPIP), the German Agency for International Cooperation (GIZ) and the World Resources Institute (WRI) to participate in a solar renewable energy study. We sought renewable energy opportunities within this new regulatory and commercial framework.
PGIM Real Estate earned #1 ranks for four funds in the Peer Group on the 2019 GRESB Resilience Module. The GRESB ESG benchmark includes a Resilience Module that increases access to information about how companies are managing risks in light of social and environmental shocks and stressors.
Operating Sustainably
To operate our business sustainably on a day-to-day basis, we work with our key stakeholders - from employees to vendors - to implement environmental policies and guidelines, including:
- Reducing our energy and water consumption
- Maintaining a comprehensive recycling program
Stress-Testing For Resiliency
We anticipate and manage future risks and opportunities through our extensive environmental risk management practices. Our robust stress-testing includes:
- Climate change preparedness & adaptation
- Natural hazards
- Water or energy supply constraints
- Biodiversity threats
- Socioeconomic & transportation risks
ENVIRONMENTAL PERFORMANCE
- 65GRESB Green Stars
- #1 Ranking2019 GRESB Resilience Module Around the Globe
- 100%LEED Certified Offices in North America