Sustainability & Responsibility
OUR FRAMEWORK
Our Environmental Management System
Our environmental initiatives are guided by our sustainability strategy and Bridge’s Environmental Management System (“EMS”) framework. Our EMS seeks to effectively incorporate sustainability into Bridge’s structure, culture, and business strategy. It guides our approach to assessing existing conditions, developing goals, implementing strategies, analyzing performance against targets, and repeating the process to create a continual cycle of improvement.
Our Impact Reporting
Bridge publishes annual impact reports for our Sustainability & Responsibility program along with our WFAH and climate strategy. We are committed to measuring and reporting on our progress. Recent versions of our reports can be found here:
2024 Sustainability & Responsibility Report
2024 Climate Report
2024 WFAH Report
climate
To effectively prepare for a rapidly changing climate environment, Bridge has strategically advanced our approach to resilience to support the longevity of our assets and business. Over the years, we have expanded our climate strategy in an effort to more effectively support climate mitigation, adaptation efforts, and the ongoing energy transition. Bridge is committed to this work, with strategies and business teams across the organization contributing to the development and implementation of our climate strategy seeking to preserve and drive value at our assets.
Spotlights
Top Workplace USA Award
Bridge has been recognized as a 2024 Top Workplace USA, reflecting our culture, values, and dedication to employee success. This award is based on employee feedback and “celebrates nationally recognized companies that make the world a better place to work together by prioritizing a people-centered culture and giving employees a voice.”
Green Building Certifications
Green building certifications continue to be a focus for certain equity strategies of our Firm. Since 2020, multiple Bridge properties have been awarded industry-leading recognitions, including WELL HSR, ENERGY STAR, LEED, NGBS, and Green Globes. We have intentionally expanded these pursuits across our equity strategies, with four strategies currently holding a green building certification. As our program continues to mature, we expect to explore our pursuit of these certifications across additional properties.
Energy Efficiency
In 2024, our Value-Add Multifamily and Workforce & Affordable Housing strategies voluntarily initiated efforts to obtain ENERGY STAR certification for several properties. We are proud to announce that 17 properties have earned ENERGY STAR certification based on 2024 energy data. This achievement highlights our team’s dedicated efforts over the past five years to enhance building efficiency.
EV Charging Stations for Multifamily Properties
To support the ongoing energy transition, Bridge is actively investing in the installation of EV charging stations at applicable properties. In partnership with a leading EV charging project manager and a technology-focused hardware and software provider, we have installed 67 charging stations across 11 Multifamily properties. Additionally, our Renewable Energy strategy and QOZ multifamily developments are seeking to include EV charging stations at certain project sites.
GRESB Benchmark
In 2024, we completed six assessments for portfolios within the following strategies: Value-Add Multifamily, Workforce & Affordable Housing, Seniors Housing, and Logistics Properties (inaugural GRESB assessment). Our five recurring portfolios received significant point increases from 2023, and Logistics Properties achieved a strong inaugural year score, which we believe form a solid baseline for future years.
2024 Sustainability Highlights
EV Charging Stations at Multifamily Properties
Properties in ENERGY STAR Portfolio Manager
Properties with 3rd Party Building Certifications
of Employees Participated in Mentorship or Career Building Programs
QOZ Units Planned to be Designated as Workforce Housing
Efficiency Projects in 2024 for Multifamily & WFAH
Solar Projects Operationalized
Employee Volunteers
Portfolios Reporting GRESB
Committees
Our multi-disciplinary Sustainability & Responsibility Steering Committee oversees the adoption and implementation of our sustainability initiatives and best practices in line with Bridge’s Sustainability & Responsible Investment Policy. The Committee is responsible for promoting engagement, commitment, and dedication to our sustainability and responsibility principles, best practices, and global industry association and collaboration.
Additionally, our Climate Change Task Force works to increase awareness of climate risks and opportunities at all levels of the organization and utilizes the recommendations of the TCFD pillars.
Our B.R.I.D.G.E. Committee leads corporate initiatives and programs that support a workplace where all employees feel valued and supported. Guided by the B.R.I.D.G.E. Framework, we integrate belonging, recruitment, inclusion, development, global awareness, and growth into our culture and business strategy.
Our accomplishments*
ESG Investing 2024
Best ESG Investment Fund: Real Estate
Finalist: Bridge Workforce and Affordable Housing Fund II
Freddie Mac Impact Sponsor 2024
Firm Cohort Recognition
Winner: Bridge Investment Group
*Please see our 2024 Sustainability & Responsibility Report for all awards to date.
*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.
DISCLOSURES