Maple Plaza, CA TISHMAN SPEYER SUSTAINABILITY REPORT 4 WELCOME | ABOUT | HIGHLIGHTS | ACTIVITIES | APPROACH | THEMES | FUTURE | DATA | GRI | CONTACT Contents 03 04 05 06 08 WELCOME ABOUT US HIGHLIGHTS ACTIVITIES APPROACH 11 32 33 35 36 THEMES FUTURE DATA ANNEX GRI CONTACT Rockefeller Center , New York TISHMAN SPEYER SUSTAINABILITY REPORT 4 EFFICIENCY IMPACTS COMMUNITIES PEOPLE SUPPLIERS GOVERNANCE PAGE 2 WELCOME | ABOUT | HIGHLIGHTS | ACTIVITIES | APPROACH | THEMES | FUTURE | DATA | GRI | CONTACT Welcome As global leaders in the real estate industry, we These standards underscore our sustainable “We leverage cutting-edge at Tishman Speyer realize that a strong focus on practices not only in regards to the environment, but technology with industry-leading sustainability is critical to the success of our firm in the management of our relationships and in the operations and construction and the future of our planet. Since our inception in structure of our business. Each section of this report 1978, we have committed ourselves to creating and highlights an aspect of the environmental, social, practices to build sustainable maintaining properties that are both aesthetically and governance (ESG) practices which have enabled properties around the world.” dynamic and environmentally efficient. In keeping Tishman Speyer to maintain its reputation as an Rob Speyer with this commitment, we are constantly seeking industry leader for nearly four decades; ways to improve our environmental, social and Through delivering operational efficiency in the governance (ESG) practices, and we are proud of the development and management of our properties, progress we have made over the last year. we seek to reduce our impacts on our tenants and Between 2015 and 2016, we achieved a 6% reduction the environment. By engaging with the communities in energy intensity across our entire global portfolio, in which we operate, looking after our employees, resulting in Tishman Speyer receiving the distinction and working with our suppliers, we strive to ensure of Energy Star Partner of the Year for the third year that all stakeholders feel valued and respected. And running. Additionally, over the past year, twenty of by employing rigorous anti-corruption measures our buildings achieved certification or recertification and maintaining high ethical standards, we aim to under LEED, BREEAM, or HQE, amounting to 65 preserve our strong reputation of good governance. million square feet of sustainably-certified property We are excited for this opportunity to showcase across four continents. And in a significant shift our longstanding best practices and recent towards greater transparency and accountability, accomplishments, and in the process, outline a path we have prepared this report to align with GRI’s for continuous sustainable growth. sustainability reporting standards. Rob Speyer President and Chief Executive Officer Sincerely, Rob Speyer TISHMAN SPEYER SUSTAINABILITY REPORT 4 EFFICIENCY IMPACTS COMMUNITIES PEOPLE SUPPLIERS GOVERNANCE PAGE 3 WELCOME | ABOUT | HIGHLIGHTS | ACTIVITIES | APPROACH | THEMES | FUTURE | DATA | GRI | CONTACT About us 148 EUROPE Tishman Speyer is a leading owner, Berlin - Frankfurt - developer, operator and fund manager of London - Paris 221 UNITED STATES CHINA first-class real estate around the world. Since Atlanta - Bala Cynwyd Beijing - Chengdu 1978, we have developed and operated 402 - Boston - Chicago - - Shanghai Greenwich - Greater Los assets, over 160 million square feet total. - Shenzhen - Angeles - Milwaukee - Northern 855 Suzhou Virginia - Greater New York Fourth quarter 2016: portfolio currently comprises City - Greater San Francisco - Seattle - Southern Maryland - Stamford - WashingtonD.C. INDIA Chennai - Gurgaon $45.8 118 85.6 - Hyderabad BILLION global MILLION investments in gross value1 square feet managed 44 BRAZIL Brasilia - Belo Horizonte - Rio de Janeiro - Sao Paulo 50.5 14.7 1396 MILLION MILLION STAFF square feet square feet in 128 owned development 1 4 7 30 represents current gross market value of all unrealized and partially realized investments, plus uncalled capital across Tishman Speyer Funds, co-investments, separate accounts, and joint ventures. CONTINENTS COUNTRIES KEY MARKETS TISHMAN SPEYER SUSTAINABILITY REPORT 4 EFFICIENCY IMPACTS COMMUNITIES PEOPLE SUPPLIERS GOVERNANCE PAGE 4 WELCOME | ABOUT | HIGHLIGHTS | ACTIVITIES | APPROACH | THEMES | FUTURE | DATA | GRI | CONTACT 5,751,907 Highlights Data for 86% of 2015 portfolio 300 52:48 6,583,664 65 EMPLOYEES Data for 86% of 20 Male to female involved in our 2016 portfolio We continuously strive to maintain our MILLION ratio BUILDINGS square feet annual Volunteer status as a global leader in sustainability. Our (15.3m sq. ft.) certified sustainably certified Day in New York firm combines a long history of developing or recertified in 2015 innovative projects with an ongoing focus and 2016 MUNICIPAL WATER on sustainable building operations. USE, KGAL Our performance in 2015 and 2016 is summarized in this report. SCOPE 2 SCOPE 2 349,704 366,660 SCOPE 1 SCOPE 1 15,538 17,351 41% RECYCLED 6% 29% REDUCTION RECYCLED ENERGY STAR in energy intensity across the Partner of the Year for portfolio between 2015 and 2016 the third year running 79.9 100% AVERAGE US PORTFOLIO Energy Star score 2015 2016 2015 2016 2015 2016 is benchmarked in Energy Star (US Portfolio) 23.81 kWh/ sq. ft. 22.42 kWh/ sq. ft. 47,191,549 sq. ft. 48,595,939 sq. ft. Data for 27% of portfolio Data for 44% of portfolio Energy intensity Scope 1 / Scope 2 GHG Non-hazardous managed waste emissions, metric tons CO2e TISHMAN SPEYER SUSTAINABILITY REPORT 4 EFFICIENCY IMPACTS COMMUNITIES PEOPLE SUPPLIERS GOVERNANCE PAGE 5 WELCOME | ABOUT | HIGHLIGHTS | ACTIVITIES | APPROACH | THEMES | FUTURE | DATA | GRI | CONTACT Sustainability at every stage of the property ownership cycle Tishman Speyer is one of the leading names in real estate worldwide. Our involvement spans the full property ownership life cycle from acquisition to development and operation. In INVESTMENT MANAGEMENT ACQUISITIONS DESIGN AND CONSTRUCTION some cases, this process begins with land purchase; in almost Our investment approach capitalizes Our due diligence process includes We leverage cutting-edge all cases it extends into ongoing property management. Our on our integrated platform, drawing sustainability practices such as energy technology and industry-leading integrated platform enables us to incorporate sustainability on our in-house expertise which audits. This enables us to identify construction practices to ensure principles throughout the property life cycle. spans all phases of property energy efficiencies and certification our properties meet the highest standards of sustainability. Our commitment to sustainability is encapsulated in our investment and management. strategies that add value to any potential acquisition. Environmental, Social and Governance (ESG) Policy, ensuring that social governance and responsible environmental management are engendered in our corporate culture and underpin our day-to-day business activities. This approach also ensures we remain at the forefront of sustainable building design, construction and operation, and gives us a competitive advantage in attracting high end tenants, as well as maximizes the value of our assets when we seek to exit an investment. WE ARE IN THE BUSINESS OF PROPERTY MANAGEMENT LEASING CREATING EXTRAORDINARY All Tishman Speyer properties are Our leasing experts seek to make VALUE FOR OUR INVESTORS, AND managed in line with our Green potential tenants aware of the Standard Operating Procedures: this sustainable features that our RECOGNIZE THAT OUR COMPANY’S sets the standard for all renovations, buildings provide and the benefits FINANCIAL SUCCESS IS ROOTED IN maintenance, repairs and cleaning in terms of improved efficiency, THIS SINGLE-MINDED PURSUIT. within our buildings. and energy and cost savings. Guiding principle Find out more: ESG Policy tishmanspeyer.com/expertise/sustainability/esg-policy TISHMAN SPEYER SUSTAINABILITY REPORT 4 EFFICIENCY IMPACTS COMMUNITIES PEOPLE SUPPLIERS GOVERNANCE PAGE 6 WELCOME | ABOUT | HIGHLIGHTS | ACTIVITIES | APPROACH | THEMES | FUTURE | DATA | GRI | CONTACT 15.3 MILLION square feet certified or recertified in 2015 and 2016 Certifications (20 buildings) LEED (Core and Shell) Gold Sustainability certification enhances our ability to 12005 W Bluff Creek Drive meet tenant needs and helps us to improve our (The Collective), Los Angeles, US assets’ operational performance. 12015 W Bluff Creek Drive (The Collective), Los Angeles, US Tishman Speyer sets as a minimum standard that all 11985 W Bluff Creek Drive our new construction projects globally are built to (The Collective), Los Angeles, US LEED Silver certification standards or higher. 11995 W Bluff Creek Drive The Collective, Los Angeles One Federal Street, Boston Once operational, we pursue the relevant regional (The Collective), Los Angeles, US certification for existing buildings: LEED, HQE, 11975 W Bluff Creek Drive BREEAM, GreenStar or Energy Star as appropriate (The Collective), Los Angeles, US for the region. 222 Second Street, San Francisco, US Certification requirements provide a framework that LEED Existing Building (Operations enhances our ability to meet tenant needs and helps and Maintenance) Platinum us to improve our assets’ operational performance. One Bush Street, San Francisco, US Tishman Speyer Global Certifications LEED Existing Building (Operations 3 LEED Platinum and