BerkshireTHRIVE Impact

Our engine for delivering exceptional living experiences for our residents, fiduciary excellence for our investors, and an exceptional work experience for our team.

Our Goal

At Berkshire, our goal is to optimize energy efficiency and water conservation while reducing greenhouse gas emissions and waste production for the multifamily equity properties participating in our BerkshireTHRIVE initiative. We are working to achieve this goal by monitoring consumption in ENERGY STAR Portfolio Manager®, purchasing efficient products and appliances, and employing operational best practices.1 

We have established performance targets to monitor our progress. By 2025, we strive to achieve a 10% reduction in energy, greenhouse gas emissions, and water and a 30% waste diversion rate. Performance is measured from a 2015 baseline to the 2025 target.2

Sustainability by Numbers

We promote sustainable living in all of our communities through energy efficient housing, water conservation, recycling programs, eco-friendly transportation options and other opportunities that support our environmentally-conscious living philosophy.

 

100%

of participating properties track their energy, water, and waste use and cost in ENERGY STAR Portfolio Manager.

54%

of participating properties are green-certified in strategies including LEED, ENERGY STAR, National Green Building Standard (NGBS), or Institute of Real Estate Management (IREM).

This translates to over 16 million SF

of green certified space.

Our Perfomance

We are committed to reducing our energy usage and regularly monitor our energy performance.

  • Berkshire Residential Investments

    $1.5M

    of annual avoided energy costs for current year versus baseline performance.
  • Berkshire Residential Investments

    9.0M kWh

    decrease in energy use for current year versus baseline performance.
  • Berkshire Residential Investments

    5.8%

    decrease in energy for current year versus baseline performance.

BerkshireTHRIVE: ESG Report

We share our ESG accomplishments and future plans for the BerkshireTHRIVE initiative through our annual ESG report.

 

View the 2022 report here.

Download

Social Responsibility

We believe in being an integral part of the social fabric of the communities and neighborhoods we serve. We partner with charitable organizations. We make monetary and physical item donations. We donate our time – connecting our employees with meaningful volunteer opportunities. We raise awareness. We want to positively impact our communities, residents and team members. A few organizations with whom we’ve partnered:

A Million Thanks to our Veterans

An organization that enables us to support our active, reserve, and veteran military by sending millions of letters of thanks and encouragement directly to our service members throughout the year.

Atlanta Community Food Bank

Every year, we work with more than 600 nonprofit partners—including food pantries, community kitchens, childcare centers, night shelters and senior centers—to distribute over 60 million meals to more than 755,000 people in 29 counties across metro Atlanta and north Georgia.

Building Impact

Empowers companies with the opportunity to volunteer, donate, and connect with high impact, local nonprofits working on critical social issues, with the goals of strengthening community through volunteering with measurable impact.

Heading Home

Dedicated to ending homelessness in Greater Boston by providing low-income, homeless and formerly homeless families and individuals with a supported pathway to self-sufficiency that includes emergency, transitional and permanent housing, along with critical services such as life skills, financial literacy, and job training.

Rosie’s Place & Women’s Lunch Place

Shelters that have opened their doors to provide poor and homeless women with hot, well-balanced meals and a safe place to stay, in addition to helping them find security in their lives through wide-ranging support and services.

U.S. Marine Toys for Tots

The primary goal of Marine Toys for Tots is, through the gift of a new toy, help bring the joy of Christmas and send a message of hope to America's less fortunate children.

To learn more about these initiatives, see our ESG Policies.

 

Footnotes

1 The BerkshireTHRIVE program applies to wholly-owned and managed multifamily equity assets unless otherwise mentioned, such as debt investing or corporate ESG efforts. Properties in funds undergoing the process of liquidation, under third-party management, or with joint venture restrictions are not included in the program. Energy and greenhouse gas data includes a combination of whole building and common area electricity, natural gas, and fuel consumption. Water and waste data include whole-building consumption for nearly all properties. Past performance is neither a guarantee nor prediction of future results. The stated performance results may not be typical of future outcomes.

2 Baseline is 2015 for most properties, but may vary depending on acquisition or stabilization date.