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References
1 Electricity reduction is calculated with electricity bills for each property that are tracked in Schneider
Electric. Between August 1, 2020–July 31, 2021, the kWh usage total was 260,286,124 kWh, which is 10% less than the 287,943,148 kWh used between
August 1, 2019–July 31, 2020.
2 Forty-three of the 62 buildings included in this report for August 1, 2020–July 31, 2021 use green power. At five of the 43 buildings, green power is by Renewable
Energy Certificates (RECS); the other 38 buildings are located in California and use at least 30% green power for utilities. This information was verified by review of utility contracts.
3 EQ reached 26,484 individuals in the broader community through our social impact partnerships with YouthBuild USA and CareerVillage, as well as through the training and professional development provided to our team members. This figure was verified by our external partners and EQ’s audited financials.
4 These buildings represent 15,455,155 square footage, which accounts for 81% of the square footage of the 62 buildings represented in this report for
August 1, 2020–July 31, 2021.
5 EQ contracted Guidepost Solutions to develop and analyze a portfolio-wide risk assessment in June 2021, covering preventative maintenance, physical security, regulation and ordinance compliance, disaster preparedness, emergency response plans, cybersecurity and business continuity planning. 6 Through our property and community investments from August 1, 2020–July 31, 2021, EQ created and sustained jobs in
• Construction (through 2,042 construction projects). • Retail (across 144 retail spaces). • Art (through the purchase of 37 works of art and 1 major installation). • Property management (providing placements for a total of 1,402 janitors, security staff, maintenance team members, landscaping professionals, engineers and other property support). • Tourism and transportation (bringing more than $43 million in direct business sales to Chicago through the Skydeck Chicago, which then supported 33,693 jobs in transportation, entertainment, recreation, retail, food and beverage and accommodations between
August 1, 2020–July 31, 2021 per the Economic Impact
Overview study performed by Choose Chicago.
Skydeck Chicago is the fifth most popular tourist destination in Chicago according to TripAdvisor: (https://www.tripadvisor.com/Attractions-g35805-
Activities-Chicago_Illinois.html.)
This included placements for six YouthBuild students. This information was verified by external partners and EQ’s audited financial statements.
7 Data for this reporting year (August 1, 2020–July 31, 2021) includes 62 buildings. Thirty-seven of the 62 buildings offer composting, as verified by the waste partner agreements.
8 Our charitable contributions for August 1, 2020–
July 31, 2021 include $892,841 in cash donations, $180,648 in donated space, $212,389 of in-kind donations and 11,334 of total volunteer hours given, with a value of $655,940. We had 6,202 EQ volunteer hours, which we valued at an average of $55 per hour.
We also included 5,332 additional vendor and tenant partner hours, which these third parties provided values for totaling $314,830. These figures were verified by EQ’s audited financial statements, by eternal partners and through third-party partner Blackbaud.
9 The properties included in this report include the 62 buildings at:
1740 Broadway 179 Lincoln 211 Main - Schwab Building 299 North Euclid 350 North Orleans 399 Boylston 600 Townsend St 621/633 17th Street 800 Fifth 999 Third CANVAS - North CANVAS - South Coleman Highline EmeryTech The Exchange Fifth Third Center Griffin Towers Highlands Corporate Center Hughes Center Junction at Del Mar NorthPark Oakbrook Terrace Tower Park Avenue Tower Playa District Pointe O’Hare South Bay Centre U.S. Bank Center VKCC (Von Karman Creative Campus) Westlake Village (5601 Lindero) Willis Tower
EQ sold Pacific Gateway during this reporting period, and so has excluded information from Pacific Gateway from this report; it does not present ESG data that is representative of the entire reporting period.
10 Our goal is to have all properties in our portfolio provide complete ESG reporting on our quarterly audits. For
August 1, 2020–July 31, 2021, all 62 properties included in this report provided this data.
11 EQ’s Diversity & Inclusion Standards for Vendor
Procurement policy is to ask for three bids per job and to ask each vendor to indicate whether their company is a certified minority-owned business or a certified small business, as part of their bid. Our goal is to apply this standard in 75% of these searches based on the number of vendors considered for each job.
12 EQ conducts annual satisfaction surveys. Our goal is for at least 85% of employees to recommend EQ to a colleague or an industry peer.
13 Our goal is to increase charitable contributions by 25% more than 2020 levels by December 31, 2022, measured in cash donations, in kind donations, donated space and volunteer time contributed.
14 EQ created, supported and sustained 144,395 jobs, including those in construction, retail, art, transportation and tourism, property operations and support. We verified exact numbers where available, including for:
• Property management support (through payroll). • Construction projects (where available). • Opportunity youth (through YouthBuild program confirmations).
Where exact figures were not available, we worked with experts in each respective field to develop conservative assumptions around how many jobs we supported with our investments:
• Construction work – For tenant improvements, major modifications and all smaller projects, our major construction GC partners provided a formula for how they budgeted workers they will need based on square footage: • 1–2,500 sq ft = 100 jobs supported • 2,501–5,000 sq ft = 150 jobs supported • 5,001–10,000 sq ft = 200 jobs supported • 10,001–20,000 sq ft = 250 jobs supported • 20,001–30,000 sq ft = 300 jobs supported • 30,001–40,000+ sq ft = 350 jobs supported
– For major capital repositioning projects, we calculated this figure by taking the total cost of all major repositioning projects and assigning 70% of that spend to labor. EQ calculated one job supported for every $100,000 invested.
• Art jobs – For each of the 37 works of art we purchased, we estimated support for one artist’s job. – For our major art installation, we estimated support for 10 jobs.
• Retail jobs – For each of the 144 retail spaces under lease between August 1, 2020–July 31, 2021, we estimated 10 jobs. • Transportation and tourism – Per the Economic Impact Profile performed by Choose Chicago, we brought more than $43 million in direct business sales to Chicago through Skydeck Chicago, which then supported 33,693 jobs in transportation, entertainment, recreation, retail, food and beverage and accommodations between August 1, 2020–July 31, 2021. The Chicago Skydeck is the fifth most popular tourist destination in Chicago according to TripAdvisor: (https://www.tripadvisor.com/Attractionsg35805-Activities-Chicago_Illinois.html).
15 Assets included in the pursuit of a WELL Health-Safety
Rating: All properties listed on the Table of Contents page, excluding the following: 211 Main - Schwab
Building, 600 Townsend St, Coleman Highline,
EmeryTech, South Bay Centre and Westlake Village.
Additional properties include 999 3rd and Miami Central.
16 Per the Economic Impact Profile performed by Choose
Chicago, EQ brought $69,208,638 in total business sales to Chicago between August 1, 2020–July 31, 2021.
17 In redesign and construction projects, we prioritize vendors with green practices, as detailed on EQ’s
“Green Resource Guide for Construction and Capital
Projects.” These practices include selecting local materials and recycled materials, recycling waste, selecting carpet tile over broadloom, using low-
VOC paints and choosing low-flow fixtures and auto-sensors. We also have ESG standards in place for operations.
18 Local cultural materials include native plants, art, décor and unique building accents such as flooring or fixtures from local landmarks.
19 The data in this figure has been third-party verified for all properties except for 211 Main - Schwab Building, 399 Boylston, 600 Townsend St and South Bay Centre, which were triple net lease. For 399 Boylston, 600
Townsend St and South Bay Centre, all data was supplied by the building. For 211 Main - Schwab
Building, data for February 1–July 31, 2021 was supplied by the building; cost data for August 1, 2020–
January 31, 2021 was provided by the building, and reasonable assumptions were made for the usage data by averaging water unit costs for area properties for the same time period. These assumptions were reviewed by our Environmental and Governance Task Forces.
20 Over the past year, we have moved water consumption tracking for all buildings where EQ controls energy and water to Schneider Electric. It enabled us to verify water consumption reporting for all buildings. This verification uncovered a difference between the 2020 water consumption figures reported in our 2019–2020
ESG Report and the figures reported in Schneider. EQ is using figures reported in Schneider Electric as our external data verification source for water consumption and will thus report using these figures going forward.
21 The data in this figure has been third-party verified for all properties except for 211 Main - Schwab Building, 399 Boylston, 600 Townsend St and South Bay Centre which were triple net lease. For 399 Boylston, 600
Townsend St, and South Bay Centre, all data was supplied by the building. For 211 Main - Schwab
Building, data for February 1 – July 31, 2021 was supplied by the building; cost data for August 1, 2020 – January 31, 2021 was provided by the building, and reasonable assumptions were made for the usage data by averaging electricity unit costs for area properties for the same time period. These assumptions were reviewed by our Environmental and Governance
Task Forces. 22 Over the past year, we have moved energy tracking and reporting for all buildings where EQ controls energy and water to Schneider Electric and in doing so were able to verify energy reporting for all buildings.
This verification uncovered a difference between the 2020 electricity usage figures reported in our 2019–2020 ESG Report and the figures reported in Schneider.
EQ is using figures reported in Schneider Electric as our external data verification source for electricity and will thus report using these figures going forward.
23 A building Management System (BMS) monitors and manages the mechanical, electrical and electromechanical services in a facility, including power, heating, ventilation, air conditioning, physical access control, pumping stations, elevators and lighting.
24 This figure is calculated using green energy spend information from Energy Star Resource Advisor for all but four buildings, as this information is not yet available in Schneider Electric. Figures for Coleman
Highline 1 and Coleman Highline 2 were taken from
Schneider Electric. Figures for 600 Townsend St were supplied by the building. As noted earlier, for 211 Main -
Schwab Building, data for February 1–July 31, 2021 was supplied by the building; cost data for August 1, 2020–
January 31, 2021 was provided by the building, and reasonable assumptions were made for the usage data by averaging electricity unit costs for area properties for the same time period. These assumptions were reviewed by our Environmental and Governance Task
Forces.
25 For clarity, we calculate green power by the square footage under EQ’s control, for which we are purchasing clean energy. In some buildings, EQ controls 100% of the space, including the common areas but also all tenant space, and so investments in clean energy equate to the full square footage of the building (Willis Tower). In other buildings, EQ only controls the common areas, and so square footage is calculated accordingly. In some buildings, we are purchasing 100% clean energy and so that figure is applied to the square footage under EQ’s control.
Inother buildings, the percentage of clean energy is 33%, and thus the appropriate percentage is applied.
26 Carbon dioxide sensors monitor and detect for the presence of carbon dioxide based on the absorption of infrared light at a specific wavelength.
27 A Variable Frequency Drive (VFD) is a type of motor controller that drives an electric motor by varying the frequency and voltage supplied to the electric motor.
Frequency (or hertz) is directly related to the motor’s speed (RPMs). The faster the frequency, the faster the
RPMs go, using more energy. If an application does not require an electric motor to run at full speed, the VFD can be used to ramp down the frequency and voltage to meet the requirements of the electric motor’s load and can reduce energy outputs.
28 Direct Digital Control (DDC) systems provide more precise control over HVAC and lighting operations, allowing building operators to set different temperature zones, schedule and automate system operation and monitor performance over time. 29 This figure is significantly less than the $152,101,828 EQ invested in minority and small business vendors in our 2019–2020 reporting period. EQ’s overall spend during 2020–2021 was reduced because of the COVID-19 pandemic. There were fewer construction and architectural reposition projects across the portfolio.
* All figures in this report have been rounded to the nearest whole number. Where a figure was greater than or equal to .5, we rounded up, and where a figure was less than .5, we rounded down.