FORT WORTH, TX (April 26, 2023) – Trademark Property Company today released its first Corporate Sustainability Report, which shares results to date and formalizes commitments to future-proof its national commercial real estate portfolio with climate-conscious operations, design and building practices. Notably, Trademark’s multifamily projects will be built at minimum to the National Green Building Standard (NGBS) bronze rating, a rigorous green certification framework.
“We want to change the perception that it’s too expensive to build green, when really it’s less than 1% of the cost for most commercial projects,” said Terry Montesi, Founder and CEO of Trademark. “Climate change is happening, and formalizing Trademark’s corporate sustainability commitment is the right thing to do for our environment, our investors and our communities.”
Trademark recognizes the real estate sector plays a critical role in climate change, contributing nearly 40% of global greenhouse gas emissions (GHGs)1. The company also understands that a changing climate poses climate-related risks, both physical and transitional, to the built environment.
As part of the new report, Trademark says it will place resilience at the forefront of its strategy by investigating and implementing portfolio management metrics to reduce climate risk, identifying opportunities where renewable energy can be implemented at properties, and tracking KPIs regarding building performance and natural resource use. Reducing energy use, emissions and water use across the portfolio are all key components of Trademark’s environmental stewardship.
Since benchmarking began in 2019, Trademark’s portfolio has achieved a reduction of 32.3% in greenhouse gas emissions and an improvement of 30.8% in energy efficiency measures. Trademark’s carbon reduction efforts are equivalent to taking 4,292 gas-powered cars off the road each year. The company is on track to attain a 40% reduction in total emissions by 2030.
“Every little decision matters – from landscaping and lighting to building materials and solar orientation,” said Clayton McDonald, Trademark’s Director of ESG and Sustainability. “When you add all these things together, you get a resilient project that is built to last.”
Trademark has a history of building green, with its project La Palmera being the first enclosed mall to earn LEED certification in the U.S. in 2011.
To view the new Corporate Sustainability Report and read more about Trademark’s plans, visit https://ESGReport.pdf.