SustainabilityREPORT 2015
ANNUAL SUSTAINABILITY REPORT 2015 1
Executive Message
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By integrating sustainability measures into all areas of our business, we minimize risk and increase environmental, social and economic resilience while remaining highly competitive.
Table of Contents
03 Executive Message 04 About This Report
About This Report Governance Environment Social
CommonWealth Partners is committed to transparency in our operations and 08 Company Profile 19 Environmental Management System 32 Stakeholder Engagement reporting. Each year we publish an Annual Sustainability Report to highlight 08 Risk Management 20 Our Properties 32 Tenant Engagement elements of our Corporate Sustainability Program, including performance targets, 08 Governance Structure 22 Sustainability Initiatives 33 Green Office Challenge operations strategies, stakeholder engagement, and benchmarking and reporting 09 Materiality 24 Case Study: Waste Management 34 Community Engagement efforts. The performance data for the report represents the 2015 calendar year. 09 Responsible Investment 26 Performance Indicators 35 Tenant Events The stakeholder engagement portion of the report covers the June 2015 through 10 Targets and Performance Goals 28 Sustainability Program Timeline 36 Education and Outreach June 2016-time period. Compiled in accordance with the Global Reporting 13 Sustainability Commitment Initiative (GRI) G4 guidelines, this report summarizes data from across the 38 Awards and Certificates 14 Case Study: Pacific Center portfolio, showcases our current leaders in building performance, and provides an 40 Case Study: Transportation “at a glance” synopsis of our sustainability initiatives. 43 Partnerships and Programs 44 Reporting & Disclosure 44 The Global Reporting Initiative
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Comply with or exceed requirements of all applicable regulations and act as a responsible member of the communities in which we operate. As employees and as a company, act ethically and responsibly. Governance
Our mission is to create and maintain environments that are safe, healthy, and efficient while securing the financial health of our investors and tenants. CommonWealth Partners follows a holistic and comprehensive investment strategy. When making an investment decision, we consider all aspects of sustainable business practices including financial longevity, operational efficiencies, occupant health and wellbeing, and environmental impact. As a responsible owner and investor, we operate in a manner that promotes the common good for our employees, building occupants, and the many communities in which we operate.
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GOVERNANCE
Responsible Company Profile Risk Management Materiality Investment
CommonWealth Partners, LLC (CWP) CWP’s company ownership maintains catastrophes, CWP utilizes a risk map Materiality refers to the process of The sustainability industry is placing is a vertically integrated private real an institutional quality insurance based on each property’s location. By identifying and prioritizing key increasingly more focus and importance Our commitment to sustainability estate investment, development, and program and is responsible for the risk being proactive, we can determine best sustainability issues as they relate to on materiality reporting. The Global goes deeper than owning and management company based in Los management and insurance program for strategies to reduce the amount of CommonWealth Partners and our Reporting Initiative (GRI) emphasizes operating efficient buildings; we Angeles, California. Founded in 1995, all of its owned and managed assets. carbon our buildings use. We reported stakeholders. By conducting a formal materiality in its most recent G4 also invest in the health and well- the company com-bines the value- As part of our risk management due to the Carbon Disclosure Project (CDP) ESG materiality assessment, we are sustainability reporting guidelines as an being of our building occupants and creating talents and hands-on operating diligence during the acquisition phase, and participate in GRESB to establish a able to determine the importance of essential means to determining which the communities in which we serve. expertise of an entrepreneurial we address energy and water efficiency, framework and help us report on our certain sustainability issues to ESG information will be of the greatest As a responsible investor, development company with the building safety and materials, building annual improvement targets. As part of stakeholders and the effect those issues use to key decision makers. CommonWealth integrates discipline and research capabilities of certifications and energy ratings, and our robust Corporate Sustainability will have on business operations. In Environmental, Social, and Governance (ESG) factors into our an institutional investment firm. The environmental, regulatory and insurable program, we report to the Global addition, this assessment will help us to External Stakeholders company owns and manages premier risks, including flood, wind and other Reporting Initiative (GRI) standards and limit our negative social and business strategy. We continue to Investors stay ahead of ESG trends and institutional-quality office properties extreme weather conditions. participate in the Global Real Estate environmental impacts on the provide exceptional value to our across the United States. Sustainability Benchmark (GRESB) communities in which we live and work. Certifications and Ratings Groups As part of this due diligence, ownership investors and stakeholders. survey. Industry Working Groups CWP offers a wide array of services consults with highly knowledgeable including investment and capital market insurance advisors. The insurance All our owned assets are required to This is the first year that transactions, portfolio management, carriers perform their own risk comply with our sustainability programs. CommonWealth Partners has Internal Stakeholders asset management, property manage- assessment with respect to these and conducted a Materiality Assessment. It Corporate Responsibility Reporting ment, marketing, leasing, development, other exposures on an annual basis. is our intention to continually improve Team and accounting/reporting; all with a Sustainability Due Diligence this process each year to increase our In addition to due diligence during Board sharp focus on our customers. Our understanding of the key issues that are acquisitions, we often perform General criteria for sustainability due Executive Management success is due to our commitment to material to stakeholders and our overall sustainability risk assessments of our diligence: provide an unmatched level of service business strategy and operations. Employees standing investments as follows: Transportation Connectivity to our tenants and financial partners by Tenants Walk score combining the highest level of capability Phase I environmental study and experience. Transit score 3 Structural evaluation LEED Bike score High At its core, CommonWealth Partners Property Condition report Economic Performance New LEED Gold Certified evaluates each opportunity from the Fair Labor Practice Properties in 2015 Retro-commissioning study, and/or Certifications and Labels Water perspective of an investor, operator, Energy ASHRAE Audit conducted in the LEED certifications Occupant Health Waste and a developer. Our team of real years following acquisition, either and Safety estate professionals provides strategic GAP Analysis based on the refinancing of an asset, Community Investment Bribery and Corruption 72% thinking, superior execution, and in- elapsed time from acquisition, or for ENERGY STAR Score/Label Sustainability Due Diligence depth knowledge that has given us a further efficiencies. Transparency Of the portfolio is LEED Certified in Acquisitions reputation in the market as an Sustainability Attributes (13 out of 19 properties) entrepreneurial, results oriented Lists of existing sustainability Public Policy Anti-Competitive Behavior If project improvements are identified or development company. As an invest- attributes onsite recommended, the entity teams can ment partner in CalPERS since 1998, Previously conducted Energy Diversity Climate Change prioritize and budget for respective and Resiliency 96% CommonWealth Partners has acquired projects. This priority list can be used to Efficiency related reports Procurement Practices and managed Class-A office and mixed- Hazardous Materials mitigate selected risks related to the Tenant lease structures Properties ENERGY STAR use properties across the United States. Local Communities function and efficiency of the entity’s Benchmarked Importance to Internal Stakeholders sustainability efforts. Employee Relations GHG Emissions Economic Impact CWP has a comprehensive employee Reporting (GRESB, CDP)
manual and enforces a strict code of Renumeration 90 Climate Change Risks conduct for all employees. All full-time Education and Training Average ENERGY STAR Score for To understand all potential risks and employees receive a performance Labeled Properties in 2015 better prepare for any future review at calendar year end. Low Impact on External Stakeholders (Business) High
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GOVERNANCE
2020 Targets and Performance Goals
Transportation: 20% use alternatives Continue to educate building occupants on our alternative transportation program to reduce vehicle miles traveled to and from our buildings. Encourage at least 20% of all building occupants to commute via alternative modes of transportation.
Land Use: ↑20% native/drought resistant Using a 2010 baseline, increase native and drought resistant vegetation by +20% by 2020.
Water: ↑30% efficiency rate Work toward achieving a minimum indoor plumbing efficiency rate of 30% or higher (according to the LEED water efficiency calculator) by 2020 and a 30% reduction in overall water ↓30% water consumption consumption from a 2010 baseline by 2020.
Energy/Emissions: Continue to improve ENERGY STAR scores, and when feasible, achieve scores of 90 or higher. Using 2010 as a baseline, decrease energy consumption by 20% by 2020. Using 2010 as a baseline, decrease carbon (GHG) emissions across the 90+ ENERGY STAR scores portfolio by 20% by 2020. ↓20% energy consumption
Reduce the overall amount of waste generated and achieve the ↓20% carbon emissions following diversion rates:
Ongoing consumables 50% Durable goods 75% Facility alterations/additions 70% Batteries 100% Waste: 75% diversion rates Mercury containing lamps 100%
Achieve 98% use of green cleaning products portfolio-wide by 2020. Green Cleaning: 98% green product use
* Progress calculated from start of baseline dates listed in each Target COMMONWEALTHCommonwealthCOMMONWEALTH Partners PARTNERS PARTNERS ANNUALANNUAL SUSTAINABILITY SUSTAINABILITY REPORT REPORT 2015 2015 11 11
Sustainability Commitment
Our sustainability programs are an important element of our business strategy. We Sustainability Policies strive to apply green building considerations to all aspects of our business. At CommonWealth Partners, we continue to implement company-wide Vision policies throughout our operations and make sustainability part of our At CommonWealth Partners, our valued assets are a reflection of our shared everyday culture. Our green policies responsibility to our business partners and the natural environment. Our vision is to include: achieve a balance between strategic sustainability initiatives and sound investment management. This balance enables us to seek opportunities that have a positive impact Building Exterior & Hardscape on the health and wellbeing of our building occupants, while strengthening our valued Management Plan business relationships. Integrated Pest Management,
Erosion Control, and Landscape Core Values Management Plan Our core values guide our decision-making process and set the highest standards for Water Efficiency Program our employees, vendors, and partners. Cooling Tower Management Plan Unparalleled Level of Service Refrigerant Management Policy We prioritize the needs of our tenants and financial partners by delivering the highest quality assets with unequalled, first class services. Energy Policy Ongoing Commissioning Plan Sustainability Mission Highest investment Opportunities and Returns We deliver fiscally responsible and sustainable buildings that outperform the market. Sustainable Purchasing Policy Solid Waste Management Policy Healthy and Productive Work Environments Green Cleaning Policy Our mission is to create and maintain safe, We maintain office environments that maximize workplace health, safety and productivity. Indoor Air Quality Management Plan healthy, and efficient environments while Indoor Air Quality Management Plan High-performance Operations for Facilities Alterations & Additions securing the financial health of our investors Our buildings reach high efficiency standards through ongoing maintenance and and tenants. Our most valued assets are not the continuous improvement. Lamp Purchasing Program Smoking Policy Environment, Social, Governance (ESG) structures we own and operate, but the By integrating sustainability measures into all areas of our business, we minimize risk Green Office Guide occupants and partners who rely on us to make and increase environmental, social and economic resilience while remaining highly Green Tenant Improvement competitive. Guidelines sound and lasting decisions.
Policies Introduced in 2015
ESG Policy
Founded on an unparalleled dedication of Climate Adaption Policy service and entrepreneurial spirit, our mission is Building Resilience Policy to drive sustainability for the common good. Stakeholder Engagement Policy Health and Wellbeing Policy
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CASE STUDY #1 2015: The Year of the Realization of Savings Pacific Center
Location: LEED EB O&M Gold Project Highlights San Diego, CA LEED EB O&M Gold Campus Certification Type: 2-Building Campus Office Complex ENERGY STAR Partner: Campus-wide ENERGY STAR score of 89.5 (92(PCI) 87(PCII)) out of 100 Size: 438,195 GSF Combined Based on our ENERGY STAR score, the buildings are performing 39.5% better 20 Floors Total than other buildings around the nation of comparable size
Developed: 8.7% energy reduction from 2014 1984-1986 8.16% energy savings from 2014 due to replacing 658 lamps with Owner & Manager: high efficiency LED lamps CommonWealth Partners 35.24% potable water reduction from conventional fixtures LEED Rating: LEED EBO&M Gold Campus 12.4% potable water reduction from 2014 usage
Sustainability Features Project Team Building Automation System (BAS) controls key building systems, reducing Owner/Manager: building energy & maintenance costs CommonWealth Partners Ongoing commissioning for all energy systems Janitorial Company: ABM The ability for most occupants campus-wide to have Natural light views Engineering Company: with floor to ceiling windows ABM Engineering Significant mercury reduction in lightbulbs & average energy savings of over LEED Consultant: 75% for each lamp retrofitted Verdani Partners Comprehensive recycling, construction recycling, electronics, and furniture recycling programs reduce waste sent to landfills Comprehensive indoor air quality program in place Achieved 81% green cleaning products and cleaning equipment used Promotion of alternative commuting with bus stop at building entrance and bicycle racks located at each building on site for a current 5.13% reduction in conventional commuting trips Onsite native or adapted vegetation covering 16.48% of the site area AND the project maintains an offsite area of native or adapted vegetation equivalent to 9.34% of the project site area 89.5 35% 55% Undercover parking for 83% of the available parking onsite reduces heat island effect establishing vegetation in place of a paved parking lot ENERGY STAR Reduction of Recycling Rate Average Score on water usage campus-wide http://www.pacificcenter.info/toc.cfm Portfolio Manager campus-wide
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Comply with or exceed requirements of all applicable environmental regulations. Reduce the environmental impacts of development and operations. Minimize climate change impact. Be a responsible steward of resources. Environment
Through the successful implementation of many sustainability initiatives and projects, we minimize our environmental footprint and work towards improving the communities in which we operate.
CommonWealth Partners conducts our operations in the most environmentally and socially responsible manner possible. Our properties continue to innovate and find new ways to improve environmental performance. From whole building retrofits to smaller projects like sealing windows, we have reduced our reliance on fossil fuels, cut energy and water use, and reduced our waste. All of our efforts are helping to improve our communities, create a cleaner atmosphere and limit the environmental degradation from business operations.
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Environmental Management System (EMS) Platform
To accomplish our sustainability objectives, we created a robust Environmental Management System (EMS) to proactively incorpo- rate sustainability into our overall business model. Our EMS platform allows us to strategically plan, optimize, communicate, and effectively manage all key components of our program. To ensure that our EMS is on par with industry standards, it is aligned with ISO 14001 and follows the following structure:
PLAN DO CHECK ACT
Mission and Vision Sustainability Policy Benchmarking Stakeholder Engagement Targets and Goals Communications Data Management Partnership Strategic Plan Green Building Certifications
1. Plan 2. Do 3. Check 4. Act CommonWealth Partners In order to ensure the Through ENERGY STAR Our stakeholder engagement established the scope of the implementation and Portfolio Manager and a program allows organization’s Sustainability maintenance of the EMS, utility automation CommonWealth Partners to Program by defining a CommonWealth Partners partnership, CommonWealth seek feedback on our sustainability mission, vision, implemented 21 Partners thoroughly tracks methods and performance. goals, short and long term sustainability policies and a key metrics to ensure we are Stakeholders can provide targets, and areas of impact. comprehensive on track to meet our feedback through surveys, communications and tenant performance goals and newsletters, e-mail, and Sustainability Team: engagement program to targets. many other forms of CommonWealth Partners build our relationships with communication. We believe employs a dedicated, full- Reporting & Disclosure: key stakeholders including that our Sustainability time sustainability team We publish an annual our employees, tenants, Program is most successful tasked with implementing our sustainability report using vendors, and investors. when our employees, mission and vision. Global Reporting Initiative tenants, vendors, and Sustainability Policies: (GRI) guidelines and investors are engaged, Detailed sustainability participate in the Global Real sharing resources and policies have been Estate Sustainability knowledge with the company implemented across the Benchmark (GRESB) and each other. portfolio and shared with our survey. tenants and vendors. EMS Platform: Partnerships: We work closely with Certifications: We implemented a industry leaders and We have benchmarked all of centralized Environmental organizations, such as the our eligible buildings with Management System to ULI Greenprint Foundation, 1888 Century Park East was recognized in ENERGY STAR Portfolio manage our sustainability the US Green Building Manager® and are pursuing programs, including our our internal sustainability awards for being Council, the EPA’s ENERGY LEED certification when policies, tracking logs, the most water efficient building. STAR Program, the Federal possible. corporate and property files. Better Buildings Challenge, California Sustainability Alliance, and BOMA’s Sustainability Committee.
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ENVIRONMENT
Our Properties in 2015-2016 CommonWealth Partners, LLC is a vertically integrated, privately-owned real estate investment, development, and management organization based in Los Angeles, California. We offer a wide array of services with a sharp focus on Cottonwood Corporate Center | 6 | 2-3 | 8 our customers. As an investment partner of CalPERS since 1998, we have Harris Bank Salt Lake City, UT acquired and manage Class A office and mixed-used properties across the Building LEED EB Gold Campus | 99 | 3-4 | 5 United States. 2015 BOMA Building of the Year Award Chicago, IL Energy Star
City Center Plaza | 91 | 2-3 | 10 Bellevue, WA LEED C+S Gold Energy Star Bellevue Seattle
Salt Lake City San Francisco Palo Alto Sunnyvale Chicago Wellesley New York City Safeco Plaza Russell Investments Center 560 Mission | 95 | 3-4 | 9 Los Angeles Wellesley Gateway | 99 | 2-3 | 10 | 99 | 2-3 | 10 San Francisco, CA 18 | 2-3 | 1 Washington D.C. Seattle, WA Seattle, WA LEED EB Platinum Recertification San Diego Wellesley, MA LEED EB Gold LEED EB Platinum LEED ID+C Silver Energy Star Recertification, ID+C Certified Energy Star Energy Star Energy Star Austin
975 California 650 Page Mill | 59 | 3-4 | 9 Sunnyvale Office Park | 17 | 3-4 | 9 787 7th Avenue | 67 | 3-4 | 9 Palo Alto, CA Sunnyvale, CA | 100 | 3-4 | 2 Palo Alto, CA LEED EB Gold ID+C Platinum New York, NY Energy Star Energy Star
Risk Assessment Legend
| 91 | 2-4 | 10 1888 Century Park East City National Plaza | 98 | 3-4 | 9 Pacific Center I & II 301 Congress Hamilton Square
| 93 | 3-4 | 9 Los Angeles, CA | 72 | 3-4 | 9 | 64 | 2-3 | 6 | 95 | 2-3 | 3
Zone Century City, CA LEED EB Gold Recertification San Diego, CA Austin, TX Washington, DC 2005 BOMA Building LEED ID+C Platinum LEED EB Gold Campus LEED EB Silver LEED EB Gold Recertification Water Risk Risk Water Score 0—5 Walk Score Score Walk of the Year Award 2016 BOMA 360 Performance Building Award Energy Star Energy Star LEED ID+C Gold Climate Risk Risk Climate marking Law Energy Star Energy Star Energy Bench- Bench- Energy Energy Star
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ENVIRONMENT
Sustainability Initiatives
Sustainable Sites Water Efficiency Energy Efficiency EMS Platform Materials & Resources Indoor Air Quality
Objectives: Objectives: Objectives: Objectives: Objectives: Objectives:
Protect natural and agricultural areas Monitor and reduce water Reduce Energy Consumption Strategic Planning Select sustainable materials Improve ventilation consumption Reduce automobile use Eliminate CFCs Track real-time energy usage Reduce source waste, reuse, Mitigate air contaminants Improve environmental well-being and recycle Restore and revitalize local Emergency Preparedness ecosystems Practice water-smart landscaping Reduce mercury pollution Stakeholder Engagement
We work with the local communities to Our Water Efficiency Program and Green Our energy efficiency goals include CommonWealth Partners’ Sustainability As a company, we are committed to A healthy indoor environment contributes operate vibrant and sustainable TI Guide empower property managers monitoring and improving energy Team includes a part-time Mechanical identifying waste reduction strategies to greater employee retention and buildings. We are continually working to and tenants to reduce their water performance, eliminating Engineer who provides ongoing support that help us use materials and resources productivity, reduced sick days, and an minimize the environmental impact of our consumption through helpful tips and chlorofluorocarbons (CFCs), employing to property management teams. more efficiently. Installing low mercury overall more pleasurable experience for business in tandem with protecting local resources. These measures are often renewable energy and reducing energy lamps, holding annual e-waste drives, tenants. Our Indoor Air Quality, Smoking, We use the following best practices to natural resources. inexpensive and can result in significant costs. To achieve these goals, our and performing waste stream audits are and Green Cleaning policies, as well as better manage our energy use: cost savings. experienced sustainability team some examples of this. Through our our Green TI Guide, provide strategies With many of our properties located in coordinates with property teams on An Energy Policy that outlines a Sustainable Purchasing and Waste for staff, tenants, and vendors to urban areas, we promote alternative For example, after upgrading the water energy use programs and strategies. common strategy within the Management policies, we encourage our maintain and manage indoor air quality. commuting practices by offering shuttle closets and urinals at the Pacific Center organization for efficient data vendors and stakeholders to follow services, Zipcars, EV charging stations, buildings, 35.4% potable water was The team was created to help integrate We continue to perform third party Indoor collection and reporting practices that minimize the negative and bike facilities to tenants. One of our saved. With the ENERGY STAR Portfolio energy efficiency best management Air Quality (IAQ) audits on an annual impacts to the environment and provide properties held a Transportation Fair to Manager tool, our property managers practices and our Energy Policy with A centralized decision-making process basis for our properties and require our healthy indoor workspaces. educate tenants on different modes of and sustainability team can track and building operations and energy Quality control program vendors to comply with these IAQ transportation. An electric scooter measure water use at all of our management strategies. In addition to In 2015, several properties were standards. Our tenant improvement Full-time sustainability team company provided a tutorial to building properties in real-time. planning and implementing specific proactive about implementing waste projects follow the IAQ strategies occupants on how many emissions are improvements, the sustainability team is Annual third party audits of management strategies. In particular, outlined on our policy including pollution reduced as an alternative to standard responsible for measuring and tracking performance data 560 Mission achieved an 88% diversion prevention control measures, and the vehicles. With rebates provided by the energy performance and communicating rate in 2015. This was due to providing use of water-based low VOC paints. city, these vehicles are a great option. progress with management, employees, specific types of waste receptacles tenants and vendors. throughout the property. The waste types include; recycling, compost, landfill, textiles, Styrofoam, e-waste & fluorescent bulbs. At present, Russell Investments Center, Safeco Plaza, and 560 Mission contract with a Styrofoam recycling vendor to provide additional recycling services for their tenants.
Performance Goals: Performance Goals: Performance Goals: Performance Goals: Performance Goals: Performance Goals:
Encourage at least 20% of all occupants Strive for a minimum indoor plumbing Using a 2010 baseline, decrease overall Track real-time energy usage by 2020. Reduce sources of waste and increase Attain 98% use of green cleaning to use alternative transportation by 2020. efficiency rate of 30% or higher energy consumption by 20% by 2030. waste diversion rates to 75% by 2020. products by 2020. according to the LEED water efficiency Increase native and drought-resistant calculator. Using 2005 as a baseline, vegetation by 20% by 2020. attain 30% reduction in overall water consumption by 2020.
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CASE STUDY #2 Above and beyond at 560 Mission
Waste Management
In 2015, several properties were yards or more of organic waste per from the landfill, that corresponding proactive about implementing creative week. In time, by January 1, 2017, all percentage can be discounted from the and effective waste management businesses will be required to establish monthly bill, which can amount to a strategies to address the quantity of composting services for those that discount upwards of $6,800 per month. diversified waste generated at their generate four (4) cubic-yards or more of 560 Mission has had to work hand-in- buildings. Out of the 19 buildings and organic waste per week. hand with the tenants to establish new five states that CommonWealth and improved waste habits. Due to the 560 Mission in San Francisco has gone Partners occupies, seven properties (or outlined waste resources below, 560 a step beyond the goals established by 40% of our portfolio) include composting Mission has achieved an 88% diversion the city to divert 75% of waste from the at their building. In particular, 560 rate from the landfill! This was largely a landfill by 2010 and achieve zero net Mission achieved an astounding 88% result of the property’s provision of waste by 2020. Overall, the city diverts diversion rate in 2015. specific types of easily accessible waste 80% of all discards from the landfill and receptacles throughout the property. New requirements for California has even provided discounts to The waste types include; recycling, AB1826 require businesses to provide properties to encourage proper compost, landfill, textiles, Styrofoam, composting services by April 1, 2016 for disposal. Under this incentive, for every e-waste & fluorescent bulbs. those that generate eight (8) cubic- percent up to 75% of waste diverted
Waste Sorting Features Provide Lunch and Learn for tenants All 3 containers (compost, recycling, Textile Recycling Company, and trash) are placed together in Recology offers an ecofriendly option every common area and breakroom, to recycle unwanted textiles by private office, and cubicle space providing drop-off bins located conveniently in the parking garage. 560 Mission pays for a Styrofoam Recology will accept donations of recycling service through Universal usable and unusable clothing items, Waste Management. bedding, towels, rags, and shoes. If Compost bins are located in every the textile cannot be re-used or sold, restroom for paper towel composting. it will be recycled. Recology puts the textiles back in the use cycle to Compost Liners in the paper towel conserve precious natural resources, receptacles are reused to cut down therefore preventing greenhouse gas on cost and unnecessary waste. emissions and saving landfill space. Compactor utilized recycling & 560 Mission even employs an onsite compost. waste sorter (pictured right) to ensure An e-waste kiosk is provided for the waste going out is in the correct collecting: corresponding receptacle, reducing — Batteries contamination of the waste types. — Ink cartridges At 560 Mission, we want to continue — PDAs our commitment to waste reduction — CDs/DVDs by doing our part towards a Zero — Plastic Bags Waste San Francisco. — Fluorescent light bulbs (AERC)
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ENVIRONMENT
Performance Indicators
The following diagrams describe Portfolio Manager. ULI Greenprint pulls The Like-for-Like portfolio excludes Properties Benchmarked on CommonWealth Partners’ overall the data from ENERGY STAR Portfolio properties that are missing 15 days of performance in the categories of Manager and compiles the performance data or more from either their 2014 or ENERGY STAR Portfolio Manager 2015 ENERGY STAR, LEED Certifications, data into a report, which is analyzed for 2015 annual consumption summaries. overall emissions, and energy and variances and gaps. No estimations of water consumption. As shown in the data are made in Portfolio Manager, 96% therefore the only assumption made is Registered figures on the right, over the last three 2015 that there are no errors in the data Avg. Score* years, ENERGY STAR benchmarking collection process. and LEED certifications have increased. 90 Furthermore, water and energy usage CommonWealth Partners ensures there Avg. Score and direct and indirect greenhouse gas are extensive data verification both emissions have decreased. internally and through 3rd party verifiers to catch any mistakes. Lastly, Verdani To provide accuracy for our perform- Partners oversees all data supplied to ance indicators, Goby SeaSuite, a utility ENERGY STAR, LEED, GRESB, etc., automation service is responsible for to ensure that no discrepancies are uploading the monthly utility data for found and utilizes Like-for-Like calcu- each property into ENERGY STAR lations when preparing these rates.
* Average Score in 2015 is a weighted average of only the properties that received a 2015 ENERGY STAR label
Consumption LEED Certified Properties
2015 2015 -0.6% Direct GHG -3.9% 2014-2015 -2.9% 2014-2015 72% 68% Like for Like* Water Energy 2014-2015 Emissions Like for Like* Gross SF Bldg. Count Like for Like*
2 11 0 (kbtu) (kbtu) (kgals) (kgals)
(MTCO2e) (MTCO2e) Platinum Gold Silver
159, 288 KGal 213,155 MWh 74, 937 MTcO2e 2015 Absolute Total Water Consumption 2015 Absolute Total Energy Consumption 2015 Direct GHG Emissions (Scope 1)
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ENVIRONMENT
2014-2016 Sustainability Program Timeline 2014 2015 2016 Launch Sustainability Program LEED Certification Submission for Safeco Plaza Achieve LEED EB Silver for 301 Congress Develop Program Branding Materials Achieve LEED EB Platinum Recertification Update ENERGY STAR Utility Data Russell Investments Center
EBIE Award Application Submission EBIE Award Application Submission Achieve LEED Gold Recertification for City National EBIE Award Application Submission
Enrolled in Federal Better Buildings Challenge Release 2nd Sustainability Newsletter
Launched Sustainability Section of Website Property Manager Waste Hauler Distribution Field Trip 4th Sustainability Newsletter Released Internal Sustainability Site Earth Day Tenant Events Annual Property Management Earth Day Tenant Events 2nd Edition Green Office Guide Sustainability Summit 1st Green Office Guide Created Earth Day Tenant Events 3rd Edition Green Office Guide EBIE Award Winner: City National Plaza Achieve LEED Gold Recertification for Hamilton Square City National Plaza Achieved the BOMA 360 Performance Building Award EBIE Award Winner: 560 Mission Submit GRESB Survey 2nd Sustainability Annual Report Released 3rd Sustainability Annual Report Released 1st Sustainability Annual Report Released Submit GRESB Survey Submit GRESB Survey CDP Application Submission CDP Application Submission
LEED Submission for Pacific Center Campus (2 bldgs.) Achieve LEED Gold Certification for Safeco Plaza
Initial LEED Certification & Recognition Program (9 bldgs.) LEED Certification Submission for Cottonwood (4 bldgs.)
LEED Recertification Submission for City National Plaza Achieve LEED Gold Campus Certification for Pacific Center CDP Application Submission Achieve LEED Platinum Recertification for 560 Mission LEED Recertification Submission for Russell Investments Center
ULI Greenprint Report Released Launch Sustainability Newsletter
Organize USGBC-LA Existing Buildings Think Tank Event Release 3rd Sustainability Newsletter Achieve LEED Gold Campus Certification for Cottonwood LEED Submission for 301 Congress
Submitted ENERGY STAR Labels for 100% of Eligible Buildings Annual Sustainability Awards Announced Annual Sustainability Awards Announced
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Provide safe, healthy, and productive working environments for our employees and tenants. Work with our supply chain to ensure that our values and expectations are upheld. Social
Engaging our stakeholders is crucial to the success of our sustainability efforts. By actively seeking input from our investors, tenants, community members, and staff, we can customize programs that address what is most important to and valued by our stakeholders. We frequently engage with our property management teams and tenants through educational programs, marketing, presentations, online resources, and stakeholder events.
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SOCIAL
Stakeholder Engagement Tenant Engagement Green Office Challenge
According to the federal Better Buildings Surveys program, 70% of a building’s energy We recognize that our business Resources consumption is attributable to tenants. decisions are impacted by our Recognizing the important impact that Green Tenant Improvement Guide stakeholders. That is why we actively seek feedback on a regular tenants have on our operations, Green Office Program CommonWealth Partners engages basis about our sustainability goals Sustainability signage and challenges. CommonWealth tenants on an ongoing basis and Partners identifies stakeholders as partners with them to create healthier Earth Day events its customers, employees, and more sustainable workplaces. We E-waste drives investors, suppliers, communities, have developed several programs and Earth Hour events trade organizations and local resources as part of our tenant governments. engagement programs, including: National Walking Day Engaging our internal and external Bike to Work Day communities in our sustainability mission In 2015, we continued to improve is vital to our shared value and business our stakeholder engagement success. Here are some of the ways in programs and communication as a which we communicate and educate our Green Tenant Improvement Guide key component of our sustainability efforts. These included educational audiences on our sustainability goals. To inform our tenants of our sustainability initiatives and to provide resources that outreach events, sustainability- help them realize theirs, CommonWealth Partners developed a Green Tenant related newsletters, tenant Improvement Guide (Green TI Guide). This guide educates tenants on reducing Internal Outreach engagement surveys and green energy and water consumption, minimizing waste, and creating more productive and office resources. Sustainability resource site healthier work environments. In 2015, CommonWealth Partners launched the Green Office Challenge, hosted by Educational webinars The Green TI Guide also provides information to choose suppliers that offer Verdani Partners, to engage tenants in a friendly competition and recognize those that Employee email communications sustainable products and outlines a variety of strategies tenants can use to green have taken steps to green their work spaces. Each participant is ranked according to a Sustainability newsletters their interior spaces during renovation and construction scorecard detailing a variety of green activities and earns a ranking ranging from 1 to 5 stars. The tenants that have implemented the most activities will receive Top Performer recognition on both a building and national level. External Outreach Green Office Guide This challenge is an important part of our overall Tenant Engagement Program as Sustainability page on corporate Designed to complement our Green TI Guide, our Green Office Guide provides website almost 70% of the energy use in buildings is the responsibility of building occupants. several simple and low-cost strategies to promote highly efficient green buildings and CommonWealth Partners understands that the success of our sustainability program Annual sustainability report offices. One feature of the Green Office Program is our points-based challenge depends on the support and participation of our tenants. This challenge also empowers 2015 Survey Sustainability tab on property level scorecard. Similar to LEED, the scorecard enables tenants to track their progress our tenants to provide others with a leading example of green office practices. websites across five categories: Transportation, Energy and Atmosphere, Materials and Resources, Indoor Environmental Quality, and Innovation. Tenants receive a rating Investor reports ranging from 2 stars to 5 stars, with a maximum 100-point score. This friendly Top Performers 89% Green Tenant Improvement Guide competition allows tenants who are making improvements to gain recognition across Tenant Property Place Stars of tenants satisfied or better Green Office Guide the organization. with the property management at HDR 560 Mission 1 5 Biannual occupant comfort surveys CommonWealth Partners Sustainability signage programs Surveys UBS 787 Seventh Ave 2 4
Nationwide annual E-waste drives CommonWealth Partners utilizes Kingsley Associates’ robust survey program to Accenture 560 Mission 3 4 94% Earth Day tenant events objectively assess tenant satisfaction levels across many different service functions, Psomas City National Plaza 4 4 such as property management and maintenance. Tenants can rate and provide of tenants satisfied or better Vendor and tenant memos BNP Paribas 787 Seventh Ave 5 4 comments that are directly related to each of these facets. After receiving the annual with their overall experience Educational presentations survey results, each Property Management team creates and executes an action plan in buildings managed by Case studies that addresses any issues raised by the tenants surveyed. CommonWealth Partners
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Community Engagement Tenant Events
Each property provides community Our Seattle properties, Russell City National Plaza Earth Day outreach in a number of ways. Here are Investments Center and Safeco Plaza, This building hosted an event in the CommonWealth Partners celebrates Earth Day every year a few of the programs available: are a part of BOMA, Downtown Seattle lobby with representatives from the in April by holding several tenant events to recognize and Association (DSA), DSA transportation Wildlife Learning Center. This successful acknowledge the sustainability efforts underway at our committee, Metropolitan Improvement event for 2015 and 2016 provides inform- properties. Property management teams are encouraged Blood Drive District - clean and safe committee and ation about wild animals and the import- to highlight their green activities, such as recycling and Seattle Shield, which is a group led by Several of the properties host annual ance of preserving natural habitats. This sustainable purchasing, while vendors are invited to share the Seattle Police Department West blood drives to encourage the building is a very educational event and the group their sustainability services, such as water efficient Precinct. occupants to donate blood conveniently has presented to hundreds of thousands landscaping and green cleaning practices. onsite to help save a life as part of our At Safeco Plaza, we encourage our staff of people since its inception.
Health and Wellness fair. In particular, to volunteer, and the charities we work Buildings Safeco Plaza, City Center Russell Investments Center hosts a with are Ryder Child Services, Red Annual E-Waste Drives Plaza and City National Plaza host blood drive on a monthly basis. Between Cross, Youth Care, YMCA, YWCA, and various bike programs including a ‘City Although it is the fastest growing municipal waste stream 2011 and 2015, 32 blood drives occurred scholastic mentoring. We help facilitate Spin program’ and ‘Bike Everywhere’, in the United States, there is currently no federal mandate with a total of 1,338 donors that donations of office furniture and supplies allowing tenants to borrow building to recycle e-waste. With more than 92% of e-waste participated to help save a life. of our tenants to local charities. We provided bikes during the day. City considered recoverable and reusable, there is a great contract with SeaDruNar for recycling Center Plaza, 560 Mission and City opportunity for our properties to play a role in tackling this services. SeaDruNar is a drug and e-Waste Drives National Plaza host multiple concerts in issue. CommonWealth Partners is being proactive about narcotic drug rehabilitation non-profit. the lobby with food which have been eliminating e-waste from our landfills in a safe and E-Waste drives are held at 90% of our We allowed a Professional sports gear great events to connect with the effective way. All of our properties who have applied for properties on an annual basis. Depend- company to sell products in our lobby surrounding community. LEED certification have met the credit requirement for ing on the need, such as at 560 Mission, and required them to donate 10% to our proper e-waste disposal. Some of our properties also offer an e-Waste drive is held on a monthly charities. In November we have a Giving e-waste recycling year round. basis. In particular, City National Plaza Thanks / Give back campaign, where we was able to collect 6,121 pounds of e- recognize our tenants and the charities they support. waste that was diverted from the landfill. Earth Hour In 2016 we will recognize veterans and CommonWealth Partners encourages properties to accept donations. In 2016 we combined Green Apple Day of Service participate in Earth Hour, a global initiative to raise two new tenant events with the Red We are proud to have been able to awareness of climate change and encourage climate Cross and YMCA which allowed both support USGBC’s Green Apple Day of action. Many of our buildings turn off non-emergency lights organizations to discuss their service and Service on September 26th and help Safeco Plaza on a specific day in March between 8:30 pm and 9:30 pm raise donations. We started an email give back to our local schools that have to show our commitment to this global movement. This Building hosts the following lobby done so much for our children and our distribution group with other property events; blood drives, health and wellness communities. In 2014 over 3,800 managers for real time information on fair, professional sports gear company projects took place involving 50 U.S. security concerns. This communication National Bike to Work Day States and 43 countries and raising has helped the police make arrests. that donates 10% of the earnings at the over $4.7 million to support local efforts. lobby to charity, a toy and food drive and At CommonWealth Partners, we believe in healthy,
Commonwealth Partners’ Senior annual earth day events which include economical and sustainable transportation options. That is Sustainability Manager, Jessica Loeper, alternative transportation education and why we encourage alternative commuting practices such spent her day on Phase 1 of the support, on-site bike mechanics, green as biking to work. Staff and tenants who participate in rainwater catchment project at a local office products, composting services, National Bike to Work Day save thousands of gallons of Elementary School in Berkeley, CA green cleaning products, EV charging gas and significantly reduce the greenhouse gas where her son goes to school. Parents, stations, and access to local farmers for emissions that would otherwise be emitted from vehicles. children, and students from Cal produce. Finally, we have holiday Berkeley participated in the event. The decorations on our front plaza for the overall project consisted of installing 4- enjoyment of all and many people stop 560 Mission Green Day, 500 gallon rain barrels intended to water and take their family pictures. Pacific Center e-waste Event, the community garden. 560 Mission bike to work day bike storage area
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Education and Outreach
Sustainability Training at diligence process for new acquisitions CommonWealth Partners’ Annual with a panel of experts. In 2015 she Property Management Retreat spoke about successful strategies for CommonWealth Partners hosts annual Greening Existing buildings with a panel Property Management retreats where of experts that included representatives Property Teams get together to receive from the mayor’s office Sustainability training and discuss latest trends and Team and other portfolio owners. strategies. A portion of the event is dedicated to discussing CWP’s ESG USGBC-LA Existing Buildings Programs. This year, the Sustainability Committee State of the Market team gave a sustainability training and Update update. During the meeting some of the CommonWealth Partners’ Director of property teams also presented their Sustainability founded and co-chaired success stories and discussed lessons the USGBC-LA Existing Buildings learned with the implementation of their Committee designed to increase programs. awareness and implementation of greening Existing Building Operations. CWPs’ Director of Sustainability CommonWealth Partners has supported spoke about Greening Portfolios at and hosted many events over the years. Greenbuild In 2015, Daniele and other committee CommonWealth Partners’ Director of members organized a State of the Sustainability, Daniele Horton, Market Update including a City of Los discussed successful strategies for Angeles Update, Resilience greening a real estate portfolio as part presentation, BOMA, Paris Agreement, of a panel that included other Directors GRESB, GREENBUILD, LEED of Sustainability. The presentation took Dynamic Plaque, WELL and Energy place at the International Greenbuild Star Updates. There were almost 70 Conference and Expo in Washington people in attendance. D.C. to a crowd of over 250 attendees. During the conference CWP’s Director Tenant Engagement Strategies of Sustainability was inducted into the Presented at the Better Buildings LEED Fellow Class of 2015 and was Summit by CWPs’ Senior elected to USGBC’s Advisory Council in Sustainability Manager the Facility Management and CommonWealth Partners’ Senior Operations category. Sustainability Manager, Jessica Loeper, spoke on a panel about successful CWP’s Director of Sustainability Tenant Engagement Strategies at the spoke about Sustainability Due Better Buildings Summit in Washington Diligence for new acquisitions D.C. The presentation included best CommonWealth Partners’ Director of practices and lessons learned from Sustainability has spoken at the local CommonWealth Partners’ experience annual Municipal Green Building with our tenant engagement programs. Council and Expo in Los Angeles over the past few years. During the last presentation she spoke about incorporating sustainability into the due
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Awards and Certifications
2016 2015-2007 2015 2015 Property Awards Property Awards Internal Corporate Awards
2015 301 Congress—LEED-EB Silver Sustainable Better Building Challenge City National Plaza—USGBC LA Chapter Gala Finalist
Russell Investments Center— Building Awards Cottonwood—EBie Finalist, All Rounder & It Takes A Village LEED-EB Platinum Recertification ENERGY STAR Certification
Energy Efficiency Nation Premier Member City National Plaza—BOMA 360
Performance Building Award 2014 Most Energy Efficient Building:
City National Plaza—EBie Award, All Rounder Russell Investments Center 560 Mission—EBIE Award Winner
560 Mission—EBie Award Finalist Top 5 buildings with the Certifications highest ENERGY STAR Scores: 301 Congress—Gold Certification as a Green Business Russell Investments Center CommonWealth Partners is recognized Leader by the City of Austin #2 Cottonwood Corp Center (avg) by several institutions for leadership in #3 560 Mission Street sustainability. #4 City National Plaza #5 Wellesley Gateway 12 LEED EB: O+M Certifications 2012/2013 (67% of portfolio) completed. 10 Russell Investments Center—Outstanding Building of the Most Improved Energy Efficiency buildings registered, in the process of Year (TOBY®), LEED-EB Platinum, 100 ENERGY STAR Score between 2013 and 2014: pursuing LEED Recertification. City National Plaza
2011 Water Efficiency 13 ENERGY STAR Labels City National Plaza—USGBC-LA Building of the Year, (65% of portfolio) with an average score USGBC-LA Innovation Award Most Water Efficient Building for of 90 out of 100. Indoor Plumbing Fixtures: 560 Mission—BOMA Earth Award 1888 Century Park East
Most Improved Water Efficiency between 2013 and 2014: 975 California 2010/2011 Russell Investments Center—American Society of Landscape Architects Award Waste Management
Building with Highest Recycling Rate: 2007 560 Mission Street 1888 Century Park East—BOMA Building of the Year Award, BOMA-LA Southern California Edison Energy Award
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SOCIALCASE STUDY #3 Alternative modes of transportation are on a roll!
Transportation
Transportation is an inevitable and cost- Shuttle Service Tenants may now catch shuttle ser- ly part of businesses, both for the em- vice to and from Staples Center on City National Plaza offers Shuttle ployees and the environment. That is event nights. Shuttles begin picking Services moving upwards of 600 why at CommonWealth Partners, we up at City National Plaza at 6:45 p.m. passengers daily. strive to provide environmentally prefer- and run approximately every 30 able alternatives to the conventional The complimentary shuttle service minutes until the event begins. The single occupant vehicle scenario. operates weekdays and commences last pickup from Staples Center will service at Union Station at 6:30 a.m. be up to 45 minutes after the event and ceases operations at 6:30 p.m. has concluded. Alternative Transportation Shuttles operate to and from Union Station 7-8 minutes apart during Transportation surveys – adminis- tered to the properties to understand peak morning hours and every 7-8 current commuting habits minutes during peak evening hours. City National Plaza Shuttle Service Bike Racks - all properties provide Three Shuttle vans make scheduled bicycle racks either near the building routes to provide convenient access entrances or in the parking garages. to downtown destinations. Stops in- clude Union Station, Civic Center and >600 Nearby bus stops Federal Courthouses. Shuttle Service daily passengers Shuttle Services - CNP The route runs from 5th and Flower EV Charging Stations – Safeco, Ave. as far as 8th Street, with stops CNP, 560 Mission – goal for those at local shopping venues. The route >1,000 considering purchasing a new vehicle also goes to the Civic Center where it to think about electric when the ser- makes two stops along Temple individual passenger driving miles vices are available at the building. Street to allow access to city, county saved each day and federal buildings.
EV Charging Stations EV Charging Stations
CommonWealth Partners offers a total At City National Plaza specifically, on of 20 on-site EV charging stations with average 17 vehicles are charged every 27 total available plugs at 4 properties: day. Once the vehicle is fully charged, 27 plugs the tenant is emailed that the vehicle 1888 Century Park East charging is complete and asked to available for use at 20 stations 2 stations / 4 plugs kindly move their vehicle to a different City National Plaza space to allow for additional vehicles to 14 stations / 15 plugs access the stations. 17 on avg. Safeco Plaza CWP plans to install charging stations vehicles charged everyday at 2 stations / 4 plugs at Russell Investments Center in 2016. City National Plaza 560 Mission 2 stations / 4 plugs
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Partnership Programs
CommonWealth Partners works closely ULI Greenprint Center for Committee and participates on monthly with many industry leaders and Building Performance meetings with other local owners and organizations to strengthen our As a member of its Advisory speaks at their Annual Sustainability sustainability program and gain valuable Board and Performance Seminars created to educate and inform resources and knowledge. Committee, CWP is part of a worldwide BOMA/GLA members on sustainable alliance of real estate owners, investors, practices and trends. financial institutions and other industry stakeholders committed to reducing ENERGY STAR carbon emissions across the global Portfolio Partner property industry. As an ENERGY STAR Better Buildings Challenge
Portfolio Partner, CommonWealth As a Better Buildings Challenge Partner
Partners has benchmarked all of the in 2014/2015, CommonWealth Partners properties that we manage on Portfolio made a commitment to reduce its energy Manager, ENERGY STAR’s online California Sustainability Alliance consumption by 20% from a 2010 tracking system. Our average ENERGY Through our Green Building Advisory baseline within 10 years. We are on track STAR score for our ENERGY STAR Committee membership, to meet this goal. labeled buildings shows that our portfolio CommonWealth Partners provides of properties is performing 40% better guidance and support to the California than average buildings of similar size. 2030 District Sustainability Alliance to stimulate The portfolio average score for labeled CWP is a member of voluntary adoption of sustainability buildings equals 90 (out of 100). the Seattle 2030 amongst real estate management District, a high-performance building
companies. We assisted in the district in downtown Seattle with a goal of USGBC Member development of the Green Leases Toolkit reducing environmental impacts through As a U.S. Green Building (http://sustainca.org/ education and collaboration. To learn Council member, CWP is green_leases_toolkit), an annual report more, view the 2030 District website: committed to LEED for retrofitting Class B & C buildings http://www.2030districts.org/seattle/ certifying all of our eligible buildings. In (http://sustainca.org/ members. 2015, we certified 4 buildings and class_b_office_improvement_toolkit) that recertified 3 existing buildings. In total, has achieved national interest. We are we have certified 13 properties currently supporting the alliance with the representing 72% of our portfolio. development of additional tools and Additionally, CWP’s Head of programs for making existing buildings Sustainability, Daniele Horton, more efficient and sustainable. represents our company on the National Market Advisory Committee. She Building Owners and founded the Los Angeles chapter’s Managers Association Existing Buildings (EB) Committee where (BOMA) CWP hosts annual Think Tanks with CommonWealth Partners is involved with local building owners to discuss the national Building Owners and strategies to increase implementation of Managers Association. In addition, sustainable building operations. Cottonwood Corporate Center was recognized CWP’s Director of Sustainability is a member of BOMA/GLA Sustainability by the U.S. Department of Energy’s Better Buildings Program in 2015 for achieving a 17% energy savings from the previous year.
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Reporting and Disclosure
CommonWealth Partners voluntarily reports its Reporting Procedures annual utility consumption data to several third Utility Bills: We track our monthly utility bills on ENERGY STAR party organizations, such as: Portfolio Manager and verify the data annually.
Local Utilities Quality Control: The Sustainability Team is responsible for working with Energy Star Portfolio Manager organizations such as Greenprint and the Federal Better Buildings Challenge to review the data and run portfolio level variance reports. U.S. Green Building Council (USGBC) Reporting: The Property Teams also report efficiency investments and ULI Greenprint Foundation associated savings annually. Global Real Estate Sustainability Benchmark Audits: Third Party verification audits of our utility data take place on an Federal and local Better Buildings Challenge annual basis. Verification is aimed at reducing discrepancies that breech a Global Reporting Initiative (GRI) minimum materiality threshold of 5%. Carbon Disclosure Project (CDP) The third party verifier utilizes the ISO 14064-3 verification process to analyze the results of our findings for validation prior to reporting the results Architecture 2030 in the annual sustainability report. Final data sets, plus justifiable evidence in Other organizations the form of original source information and testaments may also be included in this process.
Global Reporting Initiative Disclaimer
This report contains Standard Disclosures from For more information about this report, contact: No representation or warranty is given in respect of the information contained the GRI Sustainability Reporting Guidelines. Daniele Horton, Director of Sustainability herein and CommonWealth Partners is under no obligation to (and expressly Below are the corresponding GRI Content Index [email protected] disclaims any obligation to) update any of the information provided in this report. based on the G4 indicators. Market and industry information throughout the report have been provided by Jessica Loeper, Senior Sustainability Manager sources other than CommonWealth Partners that are believed to be reliable. [email protected] However, this information has not been independently verified and no assurances can be given by CommonWealth Partners regarding the accuracy or G4 Indicator Number Reference / Response Page Number completeness of this information. This report does not constitute an offer to sell or
1, 3, 28, 56 Executive Message 03 a solicitation of an offer to buy any securities and may not be used or relied upon in evaluating the merit of investing in CommonWealth Partners. 28, 29, 30 About the Report 04
28, 32 Company Profile 08
34 Governance Structure 08
2 Risk Management 08
56, 58 Sustainability Commitment 13
EN3, EN5, EN6, EN8, EN19, EN23 Performance Indicators 26
HR3 Stakeholder Engagement 32
16 Partnerships and Programs 43
31 The Global Reporting Initiative 44
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