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EQ Office Releases 2021 ESG Report

EQ Office Releases 2021 ESG Report

EQ Office, a leader in creating inspiring workplace destinations, released its second annual Environmental, Social and Governance (ESG) Report highlighting the company’s progress on its commitment to preserving local culture, regenerating urban spaces and bringing humanity into the workplace.

“At EQ, our business goes beyond four walls and is rooted in putting people first,” said Charlie Hobey, Managing Director and interim head of ESG at EQ Office. “Every year, it is a central priority to enhance our efforts to inspire the next generation of talent, celebrate diversity, cultivate an inclusive culture and build thriving, eco-friendly communities around the country.”

See related article: FedEx Releases 2022 ESG Report

EQ Office launched its ESG program, EQ Impact, in 2021 to provide access and opportunities for career growth and talent development. Highlights from EQ’s 2021 ESG report include:

1. Social Impact: Preserving local culture

EQ Office expanded its national partnership with YouthBuild USA. Through the partnership, EQ seeks to expand job training, mentorship, and job placement to opportunity youth — young adults between the ages of 16 and 24 who are neither in school nor employed — who want a career in real estate or construction-related fields.

EQ Office launched mentorship-to-internship programs in eight cities and supported the transformation of the YouthBuild center in Compton, California into a space where generations can learn and grow. Last year, EQ Office and more than 30 vendors renovated and refurbished Compton YouthBuild, donating 5,516 hours and over $1.2 million in value. The company plans to redevelop another YouthBuild property in 2022.

2. Environmental Impact: Regenerating urban spaces

EQ Office is committed to creating sustainable spaces for tenants, team members, partners and the greater community. In 2021, the company invested $27 million in environmental capital improvements and evaluated each potential investment for its ability to enhance efficiencies, re-use local materials and lower operating costs.

The company’s prioritization of responsible energy, water and waste management and procurement has led to 42 buildings achieving green certifications like Energy Star, LEED or BOMA 360 and 60% of its buildings offering composting. EQ also reduced electricity consumption by 10% across properties and doubled its procurement of clean energy to power 69% of buildings in its portfolio.

3. Governance Impact: Bringing humanity into workplaces

In 2021, over 80% of the company’s vendor searches met Diversity, Equity and Inclusion (DEI) standards. Additionally, EQ Office’s DEI Task Force developed a library of educational resources, coordinated multiple events that celebrate diverse heritages and planned a series of DEI workshops to offer all EQ employees in 2022.

For more information on EQ Impact’s ESG program, view the company’s 2 nd annual ESG Report here, along with the Executive Summary Report here.

Source: EQ Office


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