Atlanta, GA (November 11, 2021) -- Jamestown, a global, design-focused real estate investment and management firm, today released its 9th
Annual Sustainability and Social Responsibility Report, which outlines the company’s progress on ESG efforts over the past decade as well as key performance indicators from 2019-2020.
“We are intensely focused on the future of work, retail, and built environments, and believe our integrated ESG strategy will be a core component of our future success,” said Matt Bronfman, CEO of Jamestown. “Our ESG strategy is central to our success as a company and a key part of our formula for creating places that inspire.”
Highlights from the report include:
- Reducing emissions: From 2019-2020, Jamestown realized a total like-for-like emissions reduction of 20.3%--representing an emissions reduction equivalent to 1,104 single family homes not using electricity for one year. Additionally, Jamestown has committed to the Science Based Targets initiative (SBTi), pledging to reduce its Scope 1 (property-generated) and Scope 2 (landlord-generated) greenhouse gas emissions by 30% by 2030, from a 2018 base-year, and to measure and reduce its Scope 3 (third party-generated) emissions.
- Committing to global goals: Jamestown made a formal commitment to achieve net zero operational carbon emissions portfolio-wide by 2050 and adopted all 17 of the United Nations Sustainable Development Goals. Jamestown’s timberland portfolio, for example, supports six of the 17 global goals, including Goal 13: Take urgent action to combat climate change and its impacts. In 2020, Jamestown-owned timberlands sequestered over one and a half times the amount of carbon dioxide equivalent (CO2 e) emitted by Jamestown-owned buildings.
- Helping small businesses through pandemic uncertainty: In 2020, Jamestown created a $50 million relief effort to help its small business tenants develop strategies and plans to reopen their businesses during the pandemic.
- Supporting local communities: Through its properties and the Jamestown Charitable Foundation, Jamestown contributed over $1.87 million to nonprofit organizations in 2020. Contributions include $250,000 directed to COVID-19 relief and $862,000 donated to 55 organizations working to eliminate racial injustice.
The performance data within the report covers Jamestown’s sustainability efforts through the end of the 2020 calendar year, compiled in reference to the Global Reporting Initiative’s (GRI) G2016 Guidelines. The report summarizes data from across the portfolio, showcases current high-performance projects and provides an “at a glance” synopsis of Jamestown’s sustainability initiatives.
While Jamestown’s ESG program was formalized in 2010, Jamestown has prioritized sustainability and social responsibility since its founding in 1983 through projects such as the SOS Children's Village and various green building certifications.
Jamestown is a global, design-focused real estate investment and management firm with a 38-year track record and mission to create places that inspire. Since its founding in 1983, Jamestown has executed transactions in excess of $35 billion. As of September 30, 2021, Jamestown has assets under management of $13.1 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe. Jamestown employs more than 400 people worldwide with headquarters in Atlanta and Cologne, and offices in Amsterdam, Bogotá, Boston, London, Los Angeles, Madrid, Milan, New York, San Francisco, and Washington. Current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, Ghirardelli Square in San Francisco, the Innovation and Design Building in Boston, and Groot Handelsgebouw in Rotterdam. For more information, visit www.jamestownlp.com.