Environmental, Social, and Governance

Beyond these Walls:
Being a Good Ancestor for Future Generations

A message from our CEO, Don Ankeny

Westcore has been actively pursuing Environmental, Social, and Governance (“ESG”) initiatives since it was founded in 2000, recognizes there is a continual opportunity for meaningful progress, and taking important steps to get there.

We have incorporated ESG factors into our decisions to become a signatory to the UN’s Principles for Responsible Investment and a supporter of the Task Force on Climate-Related Financial Disclosures. Furthermore, we are a participant in the 2022 GRESB Assessment, which allows us to benchmark performance against our peers and identify areas for improvement.

It is an exciting time for progress in each of these areas. We know that a diverse team with different backgrounds creates a rich work environment, and a common set of values anchors how we interact with our stakeholders and customers alike.

Across our decades of buying and repositioning, we are eager to rehabilitate many of our facilities and incorporate responsible development practices.

Finally, we understand the importance of strong governance, and our processes and strong track record give clients trust and confidence in our firm.

We are excited to be on this journey of growth.

Environmental: Rehabilitation, Repositioning and Renewal

Creating Functional and Sustainable Buildings

Our environmental plans include the active repositioning of older buildings as we seek to reduce the impact of facilities in our existing portfolio.

Since 2020, we have installed LED lighting in 48% of the portfolio reducing energy usage by approximately 11%. In total, the portfolio has LED lighting in 69% of our assets.

Furthermore, we are implementing measurable benchmarking systems for data collection and analysis, actively working to build an extensive rooftop solar program, and pursuing certifications for new development projects.

Progress: Environmental Initiatives

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Social: Change Starts from the Inside

Innovation through Diversity & Education

We seek to meaningfully improve the diversity of our senior team, develop further employee protection protocols, and foster a culture of open and honest communication surrounding challenging issues like diversity, justice, and inclusion.

Westcore is eagerly embracing the evolving workplace, continually searching for opportunities to improve our professional space with our team members’ interests at front of mind.

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Governance: Reducing Risk Through a Culture of Integrity

Collective Accountability

Governance is critical to how we operate and reduce risk.

We believe that strong governance combined with empowerment will lead to greater success. This is reflected in our culture of integrity and respect, our operating protocols, our approach to diversification and our risk management program.

Our initiatives include improving our departmental level playbooks, continuous cyber security training, and thorough participation in industry discussions regarding environmental impact reduction.

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