The RMR Group Highlights Recent Achievements in 2023 Annual Sustainability Report

04/16/2024

Achieves 33.2% Reduction in Greenhouse Gas Emissions, 26.7% Reduction in Energy Consumption, 21.9% Reduction in Water Consumption and Increases Diversion of Waste from Landfills to 48.3%

Begins Implementation of On-Site Solar Energy Program in Collaboration with Tenants

Receives 2024 Military Friendly Employer Designation

The RMR Group (Nasdaq: RMR) today announced the publication of its 2023 Annual Sustainability Report, which outlines RMR’s Environmental, Social and Governance (ESG) strategies, practices and industry recognition on behalf of the organization and several of its clients. RMR’s clients include Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), Seven Hills Realty Trust (Nasdaq: SEVN), AlerisLife Inc. (Private) and Sonesta International Hotels Corporation (Private).

Throughout 2023, RMR and its clients continued to demonstrate their commitment to sustainability through highlighted achievements, such as:

  • Progress toward environmental goals, measured from a 2019 baseline, including 48.3% waste diversion from landfills, a 33.2% reduction in scopes 1 and 2 greenhouse gas emissions (on target to achieve a 50% reduction by 2029), a 26.7% reduction in energy consumption and a 21.9% reduction in water consumption.
  • Initial implementation of an on-site solar energy program in collaboration with tenants at several managed industrial and office properties, leveraging available rooftop space to install renewable energy generation systems.
  • RMR’s designation as a 2024 Military Friendly Employer, reflecting its initiatives to support military veteran employees, strengthen connections with the veteran community and attract veteran talent to RMR.
  • An increase in the number of properties that hold ENERGY STAR®, LEED and BOMA 360 certifications, with 245 total green building certifications.
  • RMR’s recognition as one of The Boston Globe’s Top Places to Work for the fourth consecutive year, a testament to RMR’s culture and investment in its employees.

John Forester, Vice President, Energy and Sustainability, made the following statement:

“We believe sustainability is crucial to creating long-term value for our clients. Over the past year, we have continued to invest in and expand our sustainability services, further reducing the environmental footprint of the properties we manage and fostering positive impacts on employees, tenants and the communities in which we operate. We remain committed to implementing electrification and decarbonization strategies that are profitable for our clients and deliver optimal spaces to their tenants.”

RMR’s 2023 Sustainability Report is available in the Corporate Sustainability section of its website.

About The RMR Group

The RMR Group is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by over 1,100 real estate professionals in more than 30 offices nationwide who manage over $41 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit rmrgroup.com.

Christopher Ranjitkar

Vice President, Marketing & Corporate Communications

(617) 219-1473

Source: The RMR Group Inc.
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