JBG SMITH Releases 2023 Environmental, Social and Governance Report
20 Avril 2023 - 10:30PM
Business Wire
JBG SMITH, (NYSE: JBGS), a leading owner and developer of
high-quality, mixed-use properties in the Washington, DC market,
today released its annual Environmental, Social, and Governance
(ESG) Report, highlighting the accomplishments achieved across its
operating portfolio in 2022.
Notable achievements and metrics in the report include:
Environmental
- Maintained carbon neutrality across the operating portfolio for
Scope 1 and 2 emissions
- 5-Star rated and top performing GRESB Sector Leader in
Diversified Office/Residential for its operating portfolio and
Development Pipeline
- Recognized as an ENERGYSTAR Certification National
recipient
Social
- Provided more than $65 million in financing to preserve
approximately 2,565 units through the Washington Housing Initiative
(WHI) Impact Pool
- Awarded “Best ESG Investment Fund: Real Estate” by ESG
Investing
- Recognized in the Bloomberg Gender-Equality Index
Governance
- Established cross-functional ESG Committee to advise the Board
on ESG oversight and climate change risk management
- Maintained the gender balance composition of JBG SMITH’s Board
of Trustees to include four women, one of whom identifies as
African American
- Updated organizational mission and core values
- Continued to align JBG SMITH’s ESG reporting to the Sustainable
Accounting Standard Board (SASB) and the Task Force on
Climate-Related Disclosures (TCFD)
“An orderly transition to a low-carbon future must be grounded
in transparency, communication of progress, and challenge triage,”
said Kimberly Pexton, Senior Vice President of Sustainability at
JBG SMITH. “In order to remain competitive and on track to reach
our 2030 goals, we are staying ahead of emerging technologies and
considering how we will leverage them to enhance our efforts and
achieve carbon emission reductions at-scale, all while continuing
to use the ample technology available to us today.”
In addition to JBG SMITH’s strides in sustainability, the
company continues to prioritize social value by investing in
workforce housing through the WHI Impact Pool, leasing retail
spaces with strategic intent, and protecting and expanding green
spaces.
JBG SMITH's Board of Trustees remains focused on enhancing
shareholder value, including aligning ESG priorities with long-term
business plans. As such, ESG strategy, climate change risks, and
performance data are woven throughout the company’s public
disclosure documents and investor communications. This year's
report continues to incorporate key performance indicators with the
frameworks that support JBG SMITH’s impact on climate change –
United Nations Sustainable Development Goals (UN SDG's), and Global
Reporting Initiative (GRI). In addition, the company’s Annual
Report on Form 10-K included important financial and non-financial
disclosures as recommended by SASB and TCFD. JBG SMITH's ESG Report
provides specific data as defined by these organizations, including
critical performance information regarding the impacts of climate
change on its business.
About JBG SMITH
JBG SMITH owns, operates, invests in, and develops mixed-use
properties in high growth and high barrier-to-entry submarkets in
and around Washington, DC. Through an intense focus on placemaking,
JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods
throughout the Washington, DC metropolitan area. Approximately
two-thirds of JBG SMITH's holdings are in the National Landing
submarket in Northern Virginia, which is anchored by four key
demand drivers: Amazon's new headquarters, which is being developed
by JBG SMITH; Virginia Tech's under-construction $1 billion
Innovation Campus; the submarket’s proximity to the Pentagon; and
JBG SMITH’s deployment of next-generation public and private 5G
digital infrastructure. JBG SMITH's dynamic portfolio currently
comprises 15.3 million square feet of high-growth office,
multifamily, and retail assets at share, 98% of which are
metro-served. It also maintains a development pipeline encompassing
9.7 million square feet of mixed-use development opportunities. JBG
SMITH’s capital allocation strategy is to shift the majority of its
portfolio to multifamily and concentrate its office assets in
National Landing. JBG SMITH is committed to the operation and
development of green, smart, and healthy buildings and plans to
maintain carbon neutral operations annually. For more information
on JBG SMITH please visit www.jbgsmith.com.
Forward-Looking Statements
Certain statements contained herein may constitute
“forward-looking statements” as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are not guarantees of performance. They represent our
intentions, plans, expectations and beliefs and are subject to
numerous assumptions, risks and uncertainties. Consequently, the
future results of JBG SMITH Properties (“JBG SMITH” or the
“Company”) may differ materially from those expressed in these
forward-looking statements. You can find many of these statements
by looking for words such as “approximate”, “believes”, “expects”,
“anticipates”, “intends”, “plans”, “would”, “may”, or similar
expressions in this press release. We also note the following
forward-looking statements: our intention and plans to maintain
carbon neutrality annually and any future investments. Many of the
factors that will determine the outcome of these and our other
forward-looking statements, entitlements, and plans are beyond our
ability to control or predict. These factors include, among others:
adverse economic conditions in the Washington, DC metropolitan
area, the timing of and costs associated with development and
property improvements, financing commitments, and general
competitive factors. For further discussion of factors that could
materially affect the outcome of our forward-looking statements and
other risks and uncertainties, see “Risk Factors” and the
Cautionary Statement Concerning Forward-Looking Statements in the
Company's Annual Report on Form 10-K for the year ended December
31, 2022 and other periodic reports the Company files with the
Securities and Exchange Commission. For these statements, we claim
the protection of the safe harbor for forward looking statements
contained in the Private Securities Litigation Reform Act of 1995.
You are cautioned not to place undue reliance on our
forward-looking statements. All subsequent written and oral
forward-looking statements attributable to us or any person acting
on our behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section. We
do not undertake any obligation to release publicly any revisions
to our forward-looking statements after the date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20230420005984/en/
Investor Relations Barbat Rodgers
JBG SMITH Senior Vice President, Investor Relations (240) 333-3805
brodgers@jbgsmith.com
Media Bud Perrone Rubenstein
Managing Director (212) 843-8068 bperrone@rubenstein.com
Samantha Schmieder JBG SMITH Corporate Communications Manager
(240) 333-7706
sschmieder@jbgsmith.com
JBG SMITH Properties (NYSE:JBGS)
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