PREI® is committed to championing efforts to provide environmentally conscious real estate investments worldwide to its investor base while operating its business in a sustainable manner. To that end, we will proactively explore ways to improve the environmental performance of our portfolios in a cost-effective manner, while delivering favorable risk-adjusted returns to our investors. The values of sustainability, resource conservation, and climate change mitigation will be integrated throughout our business, supported by the following objectives, goals and strategies.
Recognize that it will take a sustained commitment to integrate the values of sustainability and resource conservation into PREI's corporate culture and the operation and management of properties.
Balance our efforts to improve the environmental footprint of our portfolios with our obligations as fiduciaries to enhance property performance for our investors.
Reduce our portfolios' environmental impact.
Continue to improve the financial performance of our clients' funds by reducing operating expenses and increasing asset values through strategic energy and resource management.
Continue to enhance the well-being of our tenants, residents and employees by providing greener places to work and live.
Educate our partners, employees and vendors as to the benefits of improving the environmental performance of our investments.
Communicate the progress of our efforts to our investors and their consultants.
Wherever Practicable And Cost Effective:
Benchmark properties' energy and water consumption and waste production.
Reduce the energy intensity of existing buildings.
Reduce the water consumption of existing buildings.
Reduce the non-recycled waste output of existing buildings.
Incorporate sustainable design and construction in new investments being considered for the portfolios.
Specify the use of environmentally preferred materials and products where appropriate.
Explore opportunities to utilize renewable energy, where cost effective.