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
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.
Bridge seeks to align with industry-leading benchmarks and global frameworks such as Global Real Estate Sustainability Benchmark (GRESB), the Task Force for Climate-related Financial Disclosures (TCFD), the UN Principles for Responsible Investment (PRI) and the Global Impact Investing Network (GIIN).
We are committed to measuring and reporting on our progress.
Our 2022 ESG Report provides an overview of our ESG program and its performance and progress.
Climate change is expected to impact all aspects of our economy and society, placing the heaviest burden on the most vulnerable sections of society. We are uniquely situated to contribute to a just climate transition as a market leader in community revitalization.
Bridge's Workforce and Affordable Housing Strategy continued its strong growth and positive impact, highlighting to the market that revitalizing communities and delivering tangible impact is far from concessionary in driving value.
2022 United Nations Principles For Responsible Investment, Real-World Impact of the Year, Winner: This award is given to a signatory for "aligning investments with global goals across its portfolio". It recognizes "an approach that is/can be applied to a large portfolio" and is "broader than traditional impact investing". The UN PRI presented the Real-World Impact of the Year award to Bridge's Workforce and Affordable Housing Strategy. Read more here.
2022 Freddie Mac Impact Sponsor: The Impact Sponsor accolade shines a light on a sponsor "that has based their business model on building communities and enriching lives." The Impact Sponsor Cohort "created purposeful strategies to increase equity and opportunity for their renters, and are executing those strategies with great results." Read more here.
2022 and 2021 Environmental Finance Sustainable Investment Awards: The Bridge Workforce and Affordable Housing Fund I (BWAHF) won Social fund of the year (North America, 2022) for building affordable housing communities "to meet the needs of the growing and priced-out 'missing middle.'" Read more here.
2022 Shortlist and 2021 ESG Investing 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 in 2021. Read more here.
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.
Bridge and Lumen seek to find the best opportunities using data analytics and local expertise, as well as to capture demand for commercial solar projects and to aggregate ESG benefits. As commercial solar installation is often too complex and requires capex for building owners, Bridge provides a turn-key solution for building owners that lowers their power cost without capex.
*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.