Environmental Management System

At a corporate level, Rockefeller Group follows an ISO 14001–aligned Environmental Management System (EMS), with the intent of tracking and managing environmental performance and responding swiftly to issues that arise . This system organizes our ESG objectives, plans, implementation, and monitoring strategies into a holistic framework that guides our overall ESG strategy through ISO 14001’s Plan-DoCheck-Act approach .

PLAN

MISSION AND VISION, TARGETS AND GOALS, STRATEGIC PLAN

Rockefeller Group’s sustainability and corporate social responsibility strategy includes a mission, vision, goals, and short- and long-term performance targets . Rockefeller Group employs a sustainability team that is tasked with implementing the mission and vision .

Rockefeller Group’s holistic ESG program incorporates sustainability practices at the corporate and property levels . We adjust our initiatives and implementation processes to maintain progress to continually improve our efforts .

New property development projects and significant alterations to existing commercial properties typically begin with a careful engineering study of a given project’s impact on the environment . The environmental studies are performed by independent engineering firms on behalf of Rockefeller Group to comply fully with the requirements of governing jurisdictions applicable to each development project .

DO

POLICIES, CERTIFICATIONS, COMMUNICATION

Rockefeller Group has various environmental policies in place for our Core Holdings portfolio (1221 and 1271 Avenue of the Americas) . We work with our key stakeholders to increase engagement with regard to our sustainability and corporate responsibility efforts . These policies provide employees, tenants, and vendors with tools they need to create efficient, healthy, and safe work environments, while simultaneously enhancing building performance . We are currently working to enhance these policies (see “Sustainable Operations on page 31) .

Our policies have enabled us to benchmark our Core Holdings portfolio with ENERGY STAR Portfolio Manager and pursue LEED and other green building certifications where feasible .

CHECK

BENCHMARKING, DATA MANAGEMENT, REPORTING, DISCLOSURE

Rockefeller Group believes in the importance of transparency and, accordingly, we voluntarily report our annual utility consumption data to several third-party organizations, including the following:

The Global Real Estate Sustainability Benchmark (GRESB) is an investor-driven organization assessing the sustainability performance of real asset sector portfolios and assets . Each year, we work on our GRESB performance standards by formalizing additional policies and programs to help drive projects and increase our GRESB performance compared to our peers . This year marks Rockefeller Group’s second GRESB submission . We are thrilled to have increased our score by seven points this year, 2021, earning us our first Green Star designation .

ENERGY STAR Partners are organizations that agree to 1) commit to measure, track, and benchmark energy performance, 2) develop and implement a plan to improve energy performance, adopting the ENERGY STAR strategy, and 3) educate staff and the public about our partnership and achievements with ENERGY STAR . Rockefeller Group was one of the first companies to sign on as an ENERGY STAR Partner in 1998 and continues to promote the use of the ENERGY STAR platform .

The NYC Carbon Challenge is a voluntary leadership initiative and public-private partnership between the New York City Mayor’s Office of Sustainability and leaders in the private, institutional, and nonprofit sectors who have committed to reducing their greenhouse gas emissions by 30% or more over 10 years . Challenge criteria require us to submit annual updates to the NYC Mayor’s Office of Sustainability regarding the company’s progress toward meetings the 30% reduction goal .

The Leadership in Energy and Environmental Design (LEED) rating system is an internationally accepted standard for the design, construction, and operational performance of green buildings . It was established to address a wide range of development types, including New Construction and Major Renovation, Commercial Interiors, Existing Buildings, and Neighborhood Development .

ACT

STAKEHOLDER ENGAGEMENT, PROJECTS, IMPLEMENTATION

To “act” on the initiatives outlined in our Environmental Management System, our company conducts stakeholder and tenant engagement initiatives that help build relationships and create quality spaces . For our Core Holdings portfolio, current efforts include educating our tenants on what it means to lease space in a LEED-certified buildings via our building Standards, Specifications and Guidelines . We also educate our tenants on decarbonization efforts in accordance with the NYC Local Law 97 goals of reducing greenhouse gas emissions 40% by 2030 and 80% by 2050 .