ESG at Franklin Street Properties
Franklin Street Properties strives to maximize shareholder value through the prudent application of sound environmental, social and governance (ESG) actions. We believe that our efforts in ESG have the potential to not only improve the health of our planet, but also to save money on operating expenses, increase tenant and employee retention and reduce company risk.
Recent highlights of FSP's ESG program include the following:
Green Star designation by GRESB®
For the past four years, Franklin Street Properties has been awarded a Green Star based on our performance in the GRESB Real Estate Assessment. GRESB is an international organization which assesses the sustainability performance of commercial real estate portfolios around the globe. As part of the Company's participation in the GRESB benchmark survey, FSP was evaluated on its performance in a number of areas, including management & policy, monitoring & environmental management system, performance indicators, and building verification & benchmarking.
EPA's ENERGY STAR® label for over 80% of Portfolio
FSP utilizes the EPA's ENERGY STAR program to track our progress in energy efficiency. As of year-end 2018, over 80% of our square footage, both directly-owned and asset-managed by FSP, had earned the ENERGY STAR label, denoting that their energy performance was among the top 25% of similar properties.
U.S. Green Building Council® (USGBC) Leadership in Energy and Environmental Design™ (LEED®) Certification for over 50% of Portfolio
In addition to GRESB and ENERGY STAR, a complimentary third-party verified tool that FSP employs to measure and track its overall sustainability efforts is the USGBC's LEED rating system. As of year-end 2018, over 50% of the square footage, both directly-owned and asset-managed by FSP, had been awarded some level of LEED certification, recognizing these buildings' environmental performance in areas such as energy, water and waste management and indoor environmental quality.
Please see our environmental, social and governance tabs for further information on FSP's efforts.