SANTA MONICA, Calif.--(BUSINESS WIRE)--EQ Office (“EQ” or the “Company”) today published its 2023 Sustainability and Social Impact (“SSI”) Report, highlighting the Company’s efforts to advance its environmental and social priorities, driving value for EQ’s stakeholders while positively impacting the communities in which it operates.
2023 Sustainability and Social Impact Report
EQ’s 2023 report reflects its commitment to key stakeholders, including partnering with customers and vendors to advance economic, environmental and cultural goals.
Highlights from the report include:
Notable environmental developments:
- 8% year-over-year decrease in absolute Scope 1 and 2 greenhouse gas emissions;
- 53% of square footage powered by renewable energy, including onsite solar power and renewable energy credits (vs. 49% in the previous year);
- 27% year-over-year increase in tons of electronics recycling and additional product recycling and reuse; and
- 53% of construction waste diverted from landfill.
Expanded community and cultural engagement:
- 28% year-over-year increase in community engagement events;
- 190,000+ square feet of space donated to non-profits and community partners; and
- 2,300+ employee volunteering hours.
EQ continues building its sustainability and social impact vision, positioning the company for long-term results and greater impact for employees, customers and other key stakeholders. For more information on the platform, the entire report can be found here.
Executive Commentary
“As the office sector continues to evolve at a rapid pace, EQ is focused on staying agile and adapting to better serve our customers and other key stakeholders,” said Chief Executive Officer Alex Vouvalides. “Our Sustainability and Social Impact initiatives and our go-forward strategy center on aligning and collaborating with our stakeholder network – particularly customers, vendors and employees – to maximize the positive impact of our efforts, accomplish common goals and drive value.”
“We’re proud to share our 2023 Sustainability and Social Impact annual report as it reflects our dedication to jointly benefitting our customers and our communities,” added Samantha Sims, Senior Vice President, Sustainability and Social Impact. “Looking forward, our team will expand on initial SSI commitments as a central part of customer offerings and initiatives to create dynamic and productive workplaces.”
About EQ Office
EQ Office is Blackstone’s US office portfolio company with best-in-class expertise across acquisitions, asset management, leasing, redevelopment & property operations. EQ’s focus is to create and operate inspiring workplace destinations by offering solutions that blend the best of work, home, and hospitality. Our diverse team of about 140 professionals currently operate a portfolio of approximately 15 million square feet for nearly 1,000 customers across major US markets including Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Seattle.