LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) announced today that for the fourth time it has been named the North American office leader in sustainability by GRESB. GRESB is widely recognized as the most rigorous standard for measuring the sustainability performance of real estate companies and funds, and GRESB participation has become standard practice for most of the world’s fund managers and listed property companies. GRESB ranked KRC first among 49 North American office participants.
In addition, KRC has been added to the Dow Jones Sustainability World Index. Established in 1999, the Dow Jones Sustainability Index (DJSI) serves as a benchmark for investors who are committed to ethical investing and sustainability performance as part of their investment strategy. DJSI includes 319 top ranked companies on sustainability across 60 industries. Only three North American real estate companies were named to the DJSI World Index this year.
“We are deeply honored to achieve recognition as a market leader in sustainability both from GRESB and DJSI. Our longstanding commitment to sustainability throughout our stabilized and development portfolios requires the dedication of everyone at KRC, especially as we expand our programs to other areas, including human health and biodiversity,” said Sara Neff, the company’s Senior Vice President of Sustainability.
About GRESB. GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim to improve the sustainability performance of their investment portfolio, and the global property sector at large.
The 2017 GRESB Report is based on sustainability data gathered from over 850 property companies and funds. More than 65 institutional and retail investors, collectively representing over USD 17 trillion in institutional capital use GRESB data and analytical tools.
About DJSI. Created jointly by S&P Dow Jones Indices and RobecoSAM, the DJSI index family combines the experience of an established index provider with the expertise of a specialist in sustainability investing to select the most sustainable companies from across 60 industries.
About Kilroy Realty Corporation. Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
At June 30, 2017, the company’s stabilized portfolio totaled approximately 14.4 million square feet of office space and 200 residential units located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle. In addition, KRC had four projects totaling approximately 1.8 million square feet of office space, 237 residential units and 96,000 square feet of retail space under construction.
The company is recognized by GRESB as the North American leader in office sustainability for the last four years and is listed in the Dow Jones Sustainability World Index. At the end of the second quarter, the company’s stabilized portfolio was 52% LEED certified and 71% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.