ESG at bridge
We view Environmental, Social, and Corporate Governance (“ESG”) as an imperative and are committed to integrating and operationalizing ESG to improve our decision-making and risk management. Bridge Citizenship and Responsibility are also part of our firm’s culture and core principles. Furthermore, we seek to be an industry leader in ESG practices across our business and in our communities.
OUR ESG FRAMEWORK
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ENVIRONMENTAL
We target implementation measures, capital improvements, and new technologies that seek to reduce carbon footprint and increase resiliency across existing real estate assets, while driving efficiencies and cost savings, including in new construction. Furthermore, we seek measurement and reporting of energy emissions, water usage, and waste to steadily improve environmental performance across our Value-Add Multifamily, Workforce & Affordable Housing (“WFAH”), Office, and Seniors Housing strategies and communities.
● WFAH Strategy
△ Seniors Housing Strategy
◆ Bridge Responsible Supplier Policy
□ Bridge Solar Initative
▲ Bridge Gives and Bridge Community Enhancement Initiative three pillars (Education Bridges, Bridge the Gap to Financial Wellness, and Bridge to Healthy Communities)
◇ Our Recycling Program across residential and commercial assets
■ Our Smoke-Free Policy at our residential assets
○ Our Anti-Discrimination Policy, DE&I Policy and Committee, and ERGs
UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS ("SDGS")
We support the Sustainable Development Goals across certain aspects of our business and look to align with the SDGs, including through our WFAH, Multifamily, Office, Seniors Housing, QOZ strategies, and Firm policies. Furthermore, our Responsible Supplier Policy and our annual WFAH strategy IRIS impact report demonstrate alignment with the SDGs.
our Reporting
Bridge seeks to align with industry-leading benchmarks and global frameworks such as Global Impact Investing Network’s (“GIIN”), GRESB, and Principles for Responsible Investment (“PRI”), providing unbiased assessments of progress and best practices. We are committed to measuring and reporting on our progress and provide detailed impact reporting with GIIN Impact Reporting and Investing Standards (“IRIS”) metrics.
We are a proud signatory of the PRI and a supporter of both the United Nations Sustainable Development Goals (“UN SDG”) and the Task Force on Climate Related Financial Disclosures ("TCFD").
Our 2021 ESG report highlights our work as we strive to be an industry leader in ESG integration.
Click here to read our 2020 ESG report.
Our accomplishments*
Environmental Finance Sustainable Investment Awards: In 2021 and 2022, Bridge Workforce & Affordable Housing Fund I was named the winner for Social Fund of the Year (North America in 2022).
ESG Investing 2021 Awards: Bridge Workforce and Affordable Housing Fund I was announced the winner for the Best ESG Investment Fund: Private Equity category and runner-up for the Best ESG Investment Fund: Real Estate/Property category.
2021 Pension Bridge Institutional Asset Management Awards: Bridge’s Workforce and Affordable Housing strategy was named ESG Private Markets Strategy of the Year and was runner-up for Real Estate Strategy of the Year.
BRIDGE RENEWABLE ENERGY
Bridge Renewable Energy is rooted in a partnership between Bridge and Lumen Energy that seeks to create value through the production of clean energy by building and operating renewable energy infrastructure on existing commercial properties to meet the growing demand for green energy.
We aim to build solar arrays on existing buildings, parking buildings, and/or excess land to capitalize on the underutilized space to meet the growing demand in green energy, while at the same time providing owners and tenants a discount to market energy prices.
*These awards generally require an application process that includes the use of self-reported data. The application process for these awards do not require payment of any fees. If an award is granted, certain fees may apply, including fees in connection with award announcements, printing costs and licensing of award logos. For additional information on the application process, criteria, and selection process for these awards, please see www.esginvesting.co.uk, www.environmental-finance.com, www.unpri.org, and www.iamanagementawards.com.