Rigorous Risk Management
We carefully consider ESG issues as part of our rigorous investment analysis and due diligence processes. We screen partners for potential conflicts of interest and ensure that our asset management protocols and regulatory reviews maximize value for our investors. We have implemented Sustainable Standard Operating Guidelines (SSOG) to reduce energy use, benchmark properties for energy use and assess how best to improve property performance.
In addition to evaluating new acquisitions, we perform environmental and social due diligence for our existing assets to identify and prioritize needed improvements where needed.
Investing Responsibly & With Purpose
We have a strong history of investing in transformative development and sustainability through our value-add platforms and multifamily housing, which includes affordable housing across many funds. Our team is guided by our Socially Responsible Investment Policy and our acquisitions team has sourced numerous inclusionary, affordable and multifamily, workforce, and manufactured housing, along with multifamily, mixed-use, and industrial projects which are transformative in nature.
Prudential and PGIM Real Estate were recognized on Fortune's 2019 Change the World ranking for the company's cross-enterprise work in real estate impact investing.
Measuring Our Progress
We demonstrate our commitment to accountability and integrity by voluntarily reporting our ESG progress to the Principles for Responsible Investment (PRI) and GRESB as performance markers for assessing and improving our performance, raising awareness with stakeholders and providing our investors with increased transparency.
See the results in our Annual Report.
CONTINUALLY STRENGTHENING OUR GOVERNANCE
- A+UNPRI Strategy & Governance for 3 Consecutive Years
- 84%Assets Scoring 90 Points in GRESB Governance Category
- 98%AUM Earning a GRESB Governance Score of 88 or Better