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2019ESG ReportSUSTAINABILITY FORTHE COMMON GOODwww.commonwealth-partners.com1
COVID-19ResponseThe 2019 ESG Report has been published in2020 during the evolving COVID-19 pandemic.As such, our top priority has been the health,safety, and well-being of the people who relyon us most. CommonWealth Partners hastaken precautionary measures throughout thepandemic to safeguard the well-being of ouremployees, clients, tenants, and their families.We continue to monitor COVID-19 developmentsand adapt to the changing federal, state, andlocal laws, regulations, and guidelines. Weappreciate everyone’s extraordinary effortsthroughout this evolving situation.2 CommonWealth Partners 2019 ESG Reportwww.commonwealth-partners.com3
EXECUTIVE LETTERIn 2019, across our managed portfolio, we expanded our Environmental, Social, and Governance (ESG) efforts with newcommitments, targets, and programs. We also celebrated many new and exciting industry awards and recoginitions.Our ESG report highlights our achievements as we work towards enhanced employee and tenant engagement whiledemonstrating environmental stewardship and corporate responsibility.RECOGNITIONSOCIAL COMMITMENTSWith the arrival of our sixth consecutive year of reportingto GRESB, a leading ESG benchmark for real assets, weachieved 1st place in the U.S. Office Non-listed sector,representing a significant achievement among our peergroup. We also earned Northern America Regional SectorLeader and were 3rd in the Resilience Module in our peergroup. Through our commitments to improve our worldthrough the power of green building and achieving 100%LEED certified properties with 63% Platinum and 37%Gold certifications, we were presented with the USGBCLeadership Award for ESG Excellence for the highest globalrecognition of sustainability for an institutional real estate firmat the Greenbuild Expo and Conference in November 2019in Atlanta, GA. In addition, by labeling all eligible propertiesthrough ENERGY STAR, utilizing certified appliances, andpromoting efficiency programs to boost tenant participation,we received our second ENERGY STAR Partner of the Year.We are deeply committed to social responsibility andsupporting our local communities where we operate. Eachof our properties participates in multiple local and nationaldonation platforms, whether through providing lobby stationsto collect tangible donations or online financial donations.We also support vendors such as Recycle for Change,our textile recycling vendor at our San Francisco office,that collects clothing to be repurposed. We kicked off anexercise challenge that encouraged employees at each siteto participate in staying healthy while connecting with ourcorporate team.ENERGYWe are proud to have achieved 63% renewable electricityfor all electricity consumed in 2019. Our portfolio-wideenergy monitoring platform gives and other energy reportingactivities helped us identify which markets we shouldfocus our renewable energy efforts based on the currentutility power mix at each property. In addition, this robustsystem allows us to be prepared for potential demand surgeelectricity increases.4 CommonWealth Partners 2019 ESG ReportPUBLIC COMMITMENTSThrough our public commitments to Science Based Targets(SBTs), Sustainable Development Goals (SGDs), and TheBetter Building Challenge with Energy, Water, and Wastecommitments, we are demonstrating that we care for ourenvironment and are actively planning for a sustainable future.As we look to the future, CommonWealth Partners willcontinue to lead the way with a strong ESG program thatachieves high building performance goals, engages tenants,and builds resilient relationships with the surroundingcommunity.MICHAEL W. CROFTChairmanRESILIENCEBRETT J. MUNGEROur resilience preparedness was tested with drought at ourCalifornia properties and a helicopter accident atop our NewYork City building. These events further highlighted the needto be adaptive and prepared for unanticipated and plannedevents. Our ongoing emergency preparedness programs,that include active shooter and flood preparedness trainings,ensure that our employees and tenants know we areprepared to keep them as safe as possible.RICHARD C. LEWISCEO & Managing PartnerPrincipalJOSEPH A. CORRENTEPrincipalTRAVIS F. ADDISONPrincipalwww.commonwealth-partners.com5
TABLE OF CONTENTS02COVID-19 Response02Executive Letter05Table of Contents0640Social08IntroductionSDGs — Social42Employee Engagement44Tenant Engagement48Health and Wellbeing52Company Profile08Education and Training54ESG Materiality10Industry Presentation & Publications56Our Properties in 201912Community Involvement582019 Highlights14Communications602019 Timeline162019 Certifications, Awards and Recognition18Employee Tribute —Remembering Jeff Jacobsen612019 Internal Sustainable Building Awards202276EnvironmentSDGs — Environment24Performance Targets, Indicators and Progress26ENERGY STAR Commitment28Environmental Initiatives30Case Study — 2030 District2019 Vision Award for Transportation6 CommonWealth Partners 2019 ESG Report3862GovernanceSDGs — Governance64Company Leadership66ESG Policies and Guides68Risk Management69Spotlight — Resilience70Case Study — 787 Seventh Ave, New York72Industry Partnerships74Third-Party Reporting Programs74Spotlight — 2019 GRESB75Reporting & DisclosureAbout This Report78Data and Reporting Methodology78Contact79The Global Reporting Initiative79Disclaimer79GRI Index80Appendix82DNV-GL Independent Assurance Statement87www.commonwealth-partners.com7
Company ProfileCommonWealth Partners, LLC is a vertically integrated, privately-owned real estateinvestment, development and management organization. We offer a wide array of servicesincluding investment and capital market transactions, portfolio management, assetmanagement, property management, marketing, leasing, development, and reporting with aclear focus on tenants and investors. Since establishing our partnership in 1998 with CalPERS,together we have owned and managed more than 45 assets located in over 20 markets acrossthe United States. In addition to high-class assets, CommonWealth Partners provides tenantsand financial partners with the highest level of capability and experience leading to unmatchedlevels of service. We are headquartered in Los Angeles with assets in Boston, New York,Washington DC, Seattle, San Francisco, Silicon Valley, San Diego, and Los Angeles. 14Boston 5%CLASS-A OFFICEPROPERTIES(16 BUILDINGS)ACROSS THE U.S. 10.5MSouthern California 26%New York City 27%San Francisco Bay Area 19%Washington DC 5%Seattle 17%TOTAL GROSS SQUARE FEET 94% 1stOCCUPANCY &8.7 YRS. AVG.LEASE TERM2019 GRESBSECTOR LEADERNORTHERN AMERICA &U.S. OFFICE NON-LISTED8 CommonWealth Partners 2019 ESG Report 10th 63%2019 GRESBGLOBAL OFFICENON-LISTEDOF PORTFOLIO(BY GFA)LEED PLATINUMwww.commonwealth-partners.com9
StakeholderGroup2019 ESG nantsSustainability Due DiligenceStakeholder EngagementI M PA C TCybersecurityRegular check-ins on environmentalperformance of the portfolio (energy/water/waste consumption and cost)Key Focus AreasWaterLEEDCertificationWeekly(informal engagement)Monthly workingmeetings withcorporate sustainabilitymanagement teamHuman Capital ManagementHealth and WellnessDiversity and InclusionExecutive CompensationManagement Succession PlanActive relationship with our propertymanagement teamsDaily(property management)Energy, Water, and Waste ManagementMeetings and discussions on tenantenvironmental performancePeriodically(Kingsley Survey)Sustainability roundtableCommunity ImpactClimate Change Risk and MitigationSustainable DevelopmentSocial Health & WellbeingBlood DrivesEducation & TrainingRemunerationEnergy, Water, and Waste ManagementAnnually(in-person meetings)Annual goal setting presentation fromDirector of SustainabilityEnergyHazardous MaterialsEmployee Survey QuestionnaireAnnual meeting with each buildingmanagement team to assess performanceagainst carbon reduction goalsReporting GRESB, CDPLocal CommunitiesFrequency ofEngagementInternal StakeholdersTenant SatisfactionSustainable Procurement PracticesNature of EngagementYoga ClassesOccupant Health & SafetyFair Labor PracticesDiversity & EqualOpportunityClimate Change & ResiliencyExternal StakeholdersTransparencyBribery &CorruptionInvestors/ CapitalPartnerGHG EmissionsCommunity InvestmentPublic PolicyQuarterly MeetingsOpportunityRiskEnergy OptimizationCertification AwardsDiscussions include Principal, VP ofProperty ManagementAnti-competitive BehaviorBiodiversity ProtectionConference calls to discuss corporategovernance and ESG issuesData ManagementReportingEnvironmental ActivitiesEnvironmentalCommunication & EducationSocialPoliciesGovernanceESG-related MisconductI M P O R TA N C EOur CommunitiesAn important aspect of sustainability disclosure is a materiality assessment,which is the process of identifying and prioritizing key ESG issues as theyrelate to a business and its stakeholders. In 2019, CommonWealth Partnersconducted a formal materiality assessment among internal stakeholders toupdate our understanding of the operational and environmental issues thatinfluence our investors, tenants, partners, and communities. This process allowsus refine our strategies and make necessary investments to limit potentiallynegative impacts and be a better corporate partner with our stakeholders.The graph describes stakeholders’ assumptions about ESG topics andwhether those topics pose a risk, an opportunity or both to improve thecompany’s operations and bottom line. The leading risks and opportunities areindicated with green or red rings, and all others are considered 'both' risk andopportunities. In addition, the table at right describes our continuous efforts toengage our stakeholder groups throughout the year and identify our areas offocus for those groups.10 CommonWealth Partners 2019 ESG ReportTOP 10 PRIORITIESActive community participation focused oncivic and environmental issuesMonthly(calendar of events)Energy, Water, and Waste ManagementAwareness CampaignsCommunity Impact Lobby EventsUrbanizationClimate Change Risk and MitigationTenant SatisfactionSustainable DevelopmentSocial Health & WellbeingEnvironmental PollutionBlood DrivesEconomic PerformanceLEED CertificationSustainability Due DiligenceEnergySustainable Procurement PracticesReporting (GRESB, CDP)WasteCertification &Rating Groups/Industry WorkingGroupsULI Greenprint MeetingsGRESBMonthly, annually, orevery three yearsEnergy, Water, and Waste ManagementCommunity ImpactENERGY STARClimate Change Risk and MitigationUSGBCSustainable DevelopmentFitwelSocial Health & WellbeingGreen Lease LeadersBetter Building Challenge Alliance – Marketbased analysiswww.commonwealth-partners.com11
12Our Propertiesin 201963% 100%LEED PLATINUM1 — CITY CENTER PLAZABellevue, WALEED C S Gold, ENERGY STAR 78No90602-3102 — RUSSELL INVESTMENTS CENTERYes343%5Seattle, WAYes991002-310Yes6LEED GOLD7899%93 — 560 MISSIONSan Francisco, CALEED EB Platinum RecertificationLEED ID C Certified, ENERGY STAR 88Yes971002-34 — 975 SOUTH CALIFORNIA10Yes12ENERGY STARBENCHMARKED37% 67%4LEED EB Platinum RecertificationLEED ID C CertifiedTOBY Award, ENERGY STAR 91111314ENERGY STARLABELED63% 8410RENEWABLYSOURCEDELECTRICITY88%ENERGY STARAVERAGE SCOREPalo Alto, CALEED EB GoldYes100%5 — 650 PAGE MILLPalo Alto, CALEED EB Gold, LEED ID C PlatinumYes65483-49Sunnyvale, CALEED BD C Platinum, Gold and GoldYes18463-4Los Angeles, CALEED EB Platinum RecertificationLEED ID C PlatinumBOMA 360, TOBY AwardENERGY STAR 82Yes6 — SUNNYVALE OFFICE PARK9Yes86%LEED Platinum7 — CITY NATIONAL PLAZA981003-49Yes11 — PIER 446%8 — 1888 CENTURY PARK EAST Los Angeles, CALEED EB Gold Recertification2005 BOMA Building of the YearENERGY STAR 75Yes93683-4946%9/10 — PACIFIC CENTER I & IISan Diego, CALEED EB Platinum RecertificationENERGY STAR 92, 90Yes12 CommonWealth Partners 2019 ESG Report90543-49971003-412 — 787 SEVENTH AVENUEYesNo43%13 — 2099 PENNSYLVANIABoston, MALEED-CS Gold, LEED-CI SilverENERGY STAR 99No5Washington, D.C.LEED EB Gold, LEED CI SilverYesYes971003-4Yes9623No41%14 — HAMILTON SQUARE Washington, D.C.LEED EB Gold RecertificationLEED ID C GoldNew York, NY299100%LEED EB GoldWired NYC PlatinumYesLEED Gold100%Yes911003-43No41%Renewable Sources100%Compost ProgramYesClimate Risk Zone9Water Risk Score3-4Transit Score47Walk Score69Energy Benchmarking LawYeswww.commonwealth-partners.com13
2019 Highlights(second year in a row)2019 USGBCAward forLeadership in ESG2019 LADWP Award for EnergyManagement Sustainability —City National Plaza2019 Transportation VisionAward Seattle 2030 District —Russell Investments CenterCommitment and TargetsSet for 15 SustainableDevelopment Goals34 OrganizationsAcross the U.S. ReceivedCharitable Donations100% of PortfolioLEED Certified(63% Platinum)61% of Portfolio (or 6.4M GSF)Earned Fitwel Certificationfor Building Health 15.61% Energy UseIntensity in 2019from 2013 Baseline54.01% 2019Waste Diversion Rate 5.29% Water UseIntensity in 2019from 2013 Baseline1st 2019 GRESBU.S. Office (Non-Listed)2019 GRESB Northern AmericaRegional Sector Leader2019 ENERGY STARPartner of the Year(6th year reporting)(6th year reporting)Science Based Targets PublicCommitment Targets Approvedin July 2019 and On Track81% Progress Toward 2030GHG Emissions TargetGHG6-years Reporting to ClimateDisclosure Project (CDP)14 CommonWealth Partners 2019 ESG Report63% of Electricity fromRenewable Sources in 2019 40.66% CO2 EmissionsIntensity in 2019from 2013 Baselinewww.commonwealth-partners.com15
2019 TimelineEnvironmentalSocialGovernanceCommonWealth Partners has made steady progress since the launch of our sustainability program in 2013. Each yearwe earn more certifications, improve our tenant engagement program, and achieve recognitions for industry leadership.Award & RecogniationJUNEAPRILJANUARYLEED EBOM GoldRecertification – HamiltonSquareLocal Jurisdiction EnergyBenchmarking RequirementCompliance – San Francisco,Seattle, Washington, D.C.PropertiesLADWP – City NationalPlaza receives 2019 EnergyManagement SustainabilityAwardEarth Day and E-WasteTenant EventsLABBC – City National PlazaNominated for 2019 EnergyEfficient Building of the Year2019 ENERGY STAR Partnerof the Year Award Acceptedin D.C. (2nd year)Sustainability SpringNewsletter #10 PublishedLocal Jurisdiction Energy& Water BenchmarkingRequirement Compliance– Los Angeles & San DiegoPropertiesOCTOBERCA AB802 EmissionsBenchmarking – All CaliforniaProperties ComplianceLEED EBOM GoldRecertification – 787 7th Ave2018 Sustainability AnnualReport ReleasedAUGUSTGRESB AssessmentSubmittedENERGY STARLabel – 975 CaliforniaPortfolio-Wide Energy AwarenessMonth via Battle of the BuildingsDECEMBERENERGY STAR Labels:560 Mission, City National Plaza,City Center Plaza, Pacific Center 1& 2, 1888 Century Park EastLEED EBOM PlatinumRecertification –City National PlazaFitwel 1 Star Certification – 2099Penn & City National PlazaSeattle 2030 District 2019 VisionAward (Transportation) – RussellInvestments CenterFitwel 1 Star Certification –787 7th AveENERGY STAR Label –Russell Investments CenterProperty-Specific LobbyDonation EventsMARCHMAYJULYSEPTEMBERNOVEMBEREarth Hour ParticipationLocal Jurisdiction EnergyBenchmarking – New YorkPropertiesCDP ApplicationSubmittedGRESB achieved 1st Rank inGRESB, U.S. Office SectorPortfolio-Wide Waste Awareness Month viaBattle of the Buildings Green Office ChallengeInternal CompetitionLEED EBOM PlatinumRecertification – RussellInvestments CenterBOMA 360 – City NationalPlaza RecertificationBike to Work Day & MonthAchieved OfficialValidation for ScienceBased TargetsGRESB Regional SectorLeader AwardPortfolio-Wide WaterAwareness Month viaBattle of the BuildingsSustainability Fall Newsletter #11 PublishedLEED EBOM Platinum Recertification –Pacific Center 1 & 2USGBC Leadership Award for ESG Excellence16 CommonWealth Partners 2019 ESG Reportwww.commonwealth-partners.com17
2019 Certifications,Awards and Recognition2019 USGBC AWARD FOR LEADERSHIP IN ESGENVIRONMENTALLEED-EBOM PlatinumCity National PlazaPacific Center 1Pacific Center 2GOVERNANCEENERGY STAR Labels975 California560 MissionCity National PlazaCity Center PlazaPacific Center 1Pacific Center 21888 Century Park EastCommonWealth Partners is incredibly proud that we earned a2019 Award for Leadership in ESG by the U.S. Green Building Council. Wewere recognized among three firms in this category and 19 others acrossrecipients at the USGBC Leadership Awards Ceremony at this year’sGreenbuild International Conference and Expo in Atlanta. The 2019 LeadershipAward recipients represent the best of the USGBC’s nearly 10,000 memberorganizations that shine as examples of sustainability leadership throughouta growing network that spans the U.S., 176 countries and territories, andincludes more than 99,800 LEED commercial projects.LEED EBOM Gold RecertificationHamilton Square2019 Transportation Vision AwardRussell Investments CenterBOMA 360City National PlazaSOCIAL2019 GRESB REGIONAL SECTOR LEADER AWARDAt an event in San Francisco in September 2019, CommonWealth Partners wasrecognized for earning 1st place on the 2019 GRESB Assessment in the U.S. Office2019 Energy ManagementSustainability AwardCity National Plaza18 CommonWealth Partners 2019 ESG ReportNon-listed peer group and Northern America Regional Sector LeaderJessica Loeper, CommonWealth Partners’ Director of Sustainability, remarked, “WeFitwel 1 Star Rating787 7th Ave2099 PennCity National Plazaattribute our first place ranking to our ongoing corporate sustainability programestablished in 2013, as well as the outstanding dedication of our property managers,engineers and tenants. We are thrilled our Class-A office portfolio has beenrecognized as Regional Sector Leader. We are extremely proud of this achievement.”www.commonwealth-partners.com19
2019 Internal SustainableBuilding AwardsCommonWealth PartnersS USTA I NA BL E BUI L D I NG AWAR D SIn 2019, as part of CommonWealth Partners’ Internal Sustainable Building Awards, several of our properties achieved multipleawards across energy, water, waste and health and wellbeing categories. The data was normalized by occupancy utilizingintensity per square foot to create equity among buildings with varying occupancies and sizes. This is the 5th year of the awards.Most Energy EfficientMost Water EfficientHighest Waste DiversionPIER 434.0 kBtu/ft21888 CENTURY PARK EAST6.8 gal/ft2Portfolio AveragePortfolio AverageCITY CENTER PLAZA361.1 tons diverted90.58% diversion rate59.6 kBtu/ft217.15 gal/ft2Most Health & Wellbeing EngagementCITY NATIONAL PLAZAFor successfully holding the following events in 2019 for tenants and employees:Valentine’s Day Boutique D.I.Y. Beauty Bar See’s Candies Wildlife Learning CenterMother’s Day Boutique Make Music LA Book Fairs Boardroom Yoga Ride & DineNational Preparedness Month – Earthquakes Lunch N’ Learn Attorney Fingerprinting25 events in 20197,000 tenants invited20 CommonWealth Partners 2019 ESG Reportwww.commonwealth-partners.com21
EnvironmentWith a mission to drive sustainability for the commongood, we are dedicated to creating and maintainingenvironments that are safe, healthy, and efficient.Environmental responsibility and minimizing our contributionto climate change are important aspects of our business as wework to secure a sustainable future for our investors and tenants.We strive to exceed regulatory requirements and reduce theimpacts of our development and operations wherever possible.Our multifaceted approach to improving our environmentalperformance includes constant progress towards reduced energy,water, waste, and emissions as we seek to be a responsiblesteward of the environment.22 CommonWealth Partners 2019 ESG Reportwww.commonwealth-partners.com23
Sustainable Development GoalsSDGDescriptionMake cities and humansettlements inclusive,safe, resilient andsustainableENVIRONMENTCommonWealth Partners has long-standing commitments to a wide variety of ESG goals. In order to deepen our impactand expand our commitments, in 2016, we began to organize and align our existing goals, targets, and programs with theSustainable Development Goals (SDGs). The 2030 Agenda for Sustainable Development was created to mobilize efforts toend all forms of poverty, fight inequalities, and tackle climate change.In 2017, we established and first reported our ESG-SDGs framework to declare our commitment to building a sustainableportfolio and resilient and profitable business, while implementing solutions for climate change. In our third year trackingSDGs, we are proud to be making progress towards those goals.Ensure sustainableconsumption andproduction patternsSDGDescriptionCategoryGoals2019 ActionsProgressEnsure availability andsustainable managementof water and sanitationfor allWaterReduce water use by 20% from2013 levels by 2020Increased water useintensity in 2019 by5.29% from 2013baselineDelayedEnsure access toaffordable, reliable,sustainable and modernenergy for allEnergyReduce energy use by 20%from 2013 levels by 2020Reduced energy useintensity by 15.61%from 2013 baselineIn progressRenewableEnergyIncorporate renewable cleanenergy for 75% of the portfolioby 203063% of electricitycame fromrenewable sourcesin 2019ENERGYSTARTrack utility data withinENERGY STAR for 100% of themanaged assets and label alleligible assets annuallyAchieved utility datatracking for 100%of the portfolio andENERGY STARlabels for 67% ofthe assetsEMSEstablish an energy monitoringsystem for all operationallycontrolled assetsAchieved EMSmonitoring for 82%of controlled assetsBuild resilientinfrastructure, promoteinclusive and sustainableindustrialization and fosterinnovation24 CommonWealth Partners 2019 ESG ReportCategoryGoals2019 ActionsPublicOpenSpaceTo achieve SDG 11, Target11.7, provide universalaccess to safe, inclusive andaccessible, green and publicspacesEnsured 75% ofcontrolled assetsprovide open publicspaceTransportationEV ChargingStations &BikesTo achieve SDG 11, Target11.2, Provide access to safe,affordable, accessible andsustainable transport systemsand provide electric carcharging stations and bikestorage to at least 75% of theportfolioEstablished EVcharging stationsonsite at 81% ofbuildingsWasteRelieve the environmentalimpact of municipal wastemanagement through achievinga 75% diversion rate by 2020of overall waste generated froma 2013 baselineAchieved a wastediversion rate of54.01% in 2019WasteEnsure all restaurant retailspaces have access tocompost binsEstablishedcompost bins for allrestaurant tenantswith accurate wastediversion signageProgressCompleteSecured onsite bikestorage at 100% ofbuildingsTake urgent action tocombat climate changeand its impactsEmissionsReduce scope 1 and 2 GHGemissions by 20% by 2020and 50% by 2030 from a 2013baselineAchieved a 40.66%reduction in 2019from 2013 baselineConserve and sustainablyuse the oceans, seasand marine resources forsustainable developmentLife BelowWaterWork with restaurant tenants toeliminate single-use plasticsEliminated plasticsfrom 58% of ourportfolio, coveringall California andWashington D.C.restaurant tenantsProtect, restore andpromote sustainableuse of terrestrialecosystems, sustainablymanage forests, combatdesertification, andhalt and reverse landdegradation and haltbiodiversity lossBiodiversityAll new landscape projectsinclude at least 50% native orpollinator-friendly vegetationLandscapingat 100% of ourproperties. Thisincludes at least50% native rtners.com25
Targets, Indicators and Progress1100%2019 marks our seventh year tracking ESG performance across our portfolio. As we make progress, we are presented with moreprojects requiring substantial investment in money and time. Despite these challenges, we continue to exceed our energy andemissions expectations, and in 2019 we are proud to report that we met our 2020 greenhouse gas emissions intensity target.The following performance intensity metrics compare like-for-like properties.OF PORTOFLIOENERGY STARBENCHMARKED167%OF PORTFOLIOENERGY STARLABELED100%37 %GOLD63 %OF PORTOFLIOLEED CERTIFICATIONMAINTAINEDPLATINUMThese indicators are based on directly managed assets, which represent 94% of the overall portfolio based on square footage.203%78%100%84%TOWARD2020 GOALSprogresstoward2020, 2030targets81%72% 31.00%105,404 40.66%MWhElectricityused in 2019 15.62%2018 TO 2019 40.66%-1,145-1,145metric tonsCO2emetric tonsCO2e 5.29%26%54.01%421metric tonswastediverted-58,528cubic meters-4,159 MWhEnergy UseIntensity2020 GOAL: 20 %FROM A 2013 BASELINE26 CommonWealth Partners 2019 ESG ReportRenewableElectricity2030 GOAL: 75 %FROM A 2018 BASELINEGHGGHGEmissionsIntensity2020 GOAL: 20 %FROM A 2013 BASELINEScienceBasedTargets2030 GOAL: 50 %PER SQUARE FEET SCOPE 1 & 2FROM A 2013 BASELINEWater UseIntensity2020 GOAL: 20 %FROM A 2013 BASELINEWasteDiversion2020 GOAL: 75 %FROM A 2013 BASELINEwww.commonwealth-partners.com27
ENERGY STAR CommitmentCommonWealth Partners has been commited to participating and excelling in our ENERGY STAR initiatives since oursustainability program began in 2013. We are proud to have earned the distinction of ENERGY STAR Partner of the Year for twoconsectutive years in 2018 and 2019.Our ENERGY STAR Journey201392% benchmarked (by GSF)57% buildings labeled89 average score201497% benchmarked (by GSF)81% buildings labeled89 average score201596% benchmarked (by GSF)76% buildings labeledENERGY STARPartner of the Year2018 & 20192019 ENERGY STAR PERFORMANCE82 average score201696% benchmarked (by GSF)82% buildings labeled88 average score201796% benchmarked (by GSF)100%OF PORTFOLIOBENCHMARKED82% buildings labeled88 average score201896% benchmarked (by GSF)77% buildings labeled86 average score44%OF PORTFOLIOLABELED100% benchmarked (by GSF)44% buildings labeled84 average scoreENERGY STAR Partner of the Year28 CommonWealth Partners 2019 ESG ReportTRACKING OUR PROPERTIES FUTUREENERGY PERFORMANCE INITIATIVESSeattle — Council Bill 116731Building Energy Benchmarking andReportingState of Washington —Washington Clean Buildings Act (HB 1257)An energy performance standard with efficiencyimprovement incentives for commercial buildingsover 50,000 square feetCalifornia — Assembly Bill 802Energy EfficiencySan FranciscoExisting Commercial Buildings EnergyPerformanceCity of Los AngelesExisting Buildings Energy and WaterEfficiency ProgramCity of San DiegoBuilding Energy Benchmarking OrdinanceNew York CityBenchmarking LawWashington D.C.Clean and Affordable Energy ActENERGY STAR Partner of the Year2019CITY BENCHMARKING INITIATIVESPROCESSED THROUGH ENERGY STAR84City of Seattle — Ordinance 125002Building Tune Up ReportCity of BostonBuilding Energy Reporting and Disclosure Ordinanceand Energy Action & AssessmentCity of Los Angeles — Ordinance No. 186480Require Energy & Water AuditsThe State of New York — Local Law 97The GHG limit for 2024 must meet 8.46 kgCO2e/SFThe State of New York — Local Law 95Require all buildings in NYC over 25,000 sf to publiclypost their letter grade annually beginning in 2020(based on 2019 data)OVERALL PORTFOLIOAVERAGE SCOREwww.commonwealth-partners.com29
Environmental InitiativesENERGY OPTIMIZATIONENERGYRENEWABLE ENERGY POWER MIXAn important aspect of combating climate change is ensuring our energy comes from cleaner sources.The grid continues to become cleaner with ten different sources for our electricity across all utilitiesthat feed the entire portfolio. Of all electricity sources, 63% of our portfolio’s sources are renewable 8% comes from solar and 18% from hydroelectric sources based on publicly disclosed data. 63% of all electricity portfolio-wide is powered by renewable sources 975 California and 650 Page Mill Road have 100% renewable energy Russell Investments Center has 99% renewable electricity sources 787 Seventh and Pier 4 began to offset 100% of their electricity with nationally-sourced Green-eEnergy Certified Wind Renewable Energy Certificates (RECs) in late 2019 560 Mission implemented the Clean Power SF green power program, which guarantees more greenenergy through their utility company. Clean Power SF is administered by the City of San Francisco4% Unspecified2% OtherOur comprehensive energy optimization strategy integrates key aspectsof performance, evaluating assets based on EUI and whole-buildingperformance with the support of our capital partner, CalPERS. Throughour integrated and automated data management platform, we utilizereal-time energy management and leverage sub-meter data to investigateimprovement opportunities at under-performing assets in addition tocommissioning. Furthermore, through using portfolio-wide real-timeelectricity monitoring with budget mapping across our portfolio, we gainbetter insight for the year that allows us to improve efficiency and reduceelectricity waste. From our 2013 baseline, we have achieved a 15.62%reduction in our energy use intensity in 2019. 15.62%ENERGY USE INTENSITYIN 2019 FROM OUR2013 BASELINEDATA MANAGEMENTWe optimize and reduce our overall energy using a robust datamanagement platform:2% Biomass & Waste3% Geothermal2% Small Hydroelectric8% Solar21% Natural Gas9% Wind10% Coal16% Large Hydroelectric63%OF ELECTRICITYSOURCES ARERENEWABLEUtilityDataAutomationStreamlinedENERGY STAR InputsComputerisedMaintenance MgmtSystems (CMMS)Tenant Requests,Feedback andPreventative MaintenanceEnergyMonitoringSoftware (EMS)BuildingAutomationSystems (BAS)Real-time DemandMappingSystemStandardization9% REC’s14% Nuclear30 CommonWealth Partners 2019 ESG Reportwww.commonwealth-partners.com31
Environmental InitiativesSCOPE 1: FUELEMISSIONSGHG6.19%Reducing emissions is an important part of minimizingour contribution to climate change. By performing LEEDrecertification in the Arc Platform, we can identify scope1, 2 and part of scope 3 emissions. Part of the scope 3emissions is determined based on annual employee andte
6 — SUNNYVALE OFFICE PARK Sunnyvale, CA LEED BD C Platinum, Gold and Gold No 90 60 2-3 10 Yes 43% Yes 99 100 2-3 10 Yes 99% Yes 97 100 2-3 10 Yes 88% Yes 69 47 3-4 9 Yes 100% Yes 65 48 3-4 9 Yes 100% Yes 18 46 3-4 9 Yes 86% 7 — CITY NATIONAL PLAZA Los Angeles, CA LEED EB Platinum Recertification LEED ID C Platinum BOMA 360, TOBY Award
