ESG plays a prominent role in StarPoint’s real estate investment strategy through every stage of the property lifecycle, from due diligence to acquisitions and ongoing asset management. StarPoint equally evaluates environmental, social, and governance considerations across all investments.
Environmental
StarPoint utilizes industry leading environmental programs to:
Reduce energy consumption
Minimize greenhouse gas emissions
Reduce 50% water usage by 2030*
Implement building enhancements to improve the health and well-being of tenants
Social
StarPoint recognizes the importance of providing affordable and workforce housing, job creation, employment diversification and is taking action by:
Building workforce housing within multifamily projects
Bringing businesses and jobs into under-developed, strong regional infrastructure locations within StarPoint’s industrial projects
Implement building enhancements to improve the health and well-being of tenants
Allocating a portion of construction contracts to minorities, women-owned businesses and local subcontractors
Governance
StarPoint ensures a sufficiently implemented ESG program through ongoing internal evaluation and constant project improvements through:
Active members of the Development & Construction team lead ESG integration from project planning inception through completion
Engagement of a third party consultant in assisting with the planning and execution of sustainability strategies
Proper integration of ESG Best Practices during stabilized building operations
StarPoint’s Goals
Waste
Reduction
Reduce waste during our ownership period, targeting a minimum reduction of 5% below the existing condition at acquisition
Paperless
Leasing
Achieve 100% paperless leasing process
Less
Environmental
Burden
Attain 20% less environmental burden than older and existing stock of buildings
Developments will have one of the following minimum requirements and components:
Certified
Leed Certified or Silver or Green Globes Scored
5%
of construction contracts or costs to minority and women owned business
5%
of construction contracts or costs to local subcontractors
75 score
Energy Star score of 75 or higher
50%
Emissions Reduction by 2032 with 2009 Baseline
30%
water reduction by 2032 with 2009 baseline
Dedicated to one charity
StarPoint is constantly seeking ways to give back to their communities
