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JBG SMITH Releases 2024 Sustainability Report

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JBG SMITH (JBGS) releases its 2024 Sustainability Report, showcasing achievements in governance, environmental initiatives, and community impact. Key highlights include updated climate risk assessment, gender-balanced board composition, carbon neutrality, GRESB Sector Leader recognition, and community support through financing and retail leasing.
JBG SMITH (JBGS) pubblica il suo Rapporto sulla Sostenibilità 2024, evidenziando risultati nel campo della governance, iniziative ambientali e impatto sulla comunità. I punti salienti includono l'aggiornamento della valutazione del rischio climatico, una composizione equilibrata del consiglio di genere, neutralità carbonica, riconoscimento come Leader del Settore GRESB e supporto alla comunità tramite finanziamenti e leasing commerciale.
JBG SMITH (JBGS) lanza su Informe de Sostenibilidad 2024, resaltando logros en gobernanza, iniciativas ambientales e impacto comunitario. Los aspectos destacados incluyen la actualización de la evaluación del riesgo climático, una composición equilibrada de género en el consejo, neutralidad de carbono, reconocimiento como Líder del Sector GRESB y apoyo a la comunidad a través de financiamiento y arrendamiento minorista.
JBG SMITH (JBGS)가 2024 지속 가능성 보고서를 발표하여 거버넌스, 환경 이니셔티브 및 커뮤니티 영향에 대한 성과를 전시합니다. 주요 하이라이트는 기후 위험 평가 업데이트, 성별 균형 잡힌 이사회 구성, 탄소 중립성, GRESB 섹터 리더 인정 및 금융 및 소매 리스를 통한 커뮤니티 지원을 포함합니다.
JBG SMITH (JBGS) publie son Rapport de Durabilité 2024, mettant en lumière les réussites en termes de gouvernance, initiatives environnementales et impact communautaire. Les points forts incluent la mise à jour de l'évaluation des risques climatiques, une composition équilibrée du conseil en termes de genre, la neutralité carbone, la reconnaissance comme Leader du Secteur GRESB et le soutien à la communauté par le biais de financements et de baux commerciaux.
JBG SMITH (JBGS) veröffentlicht seinen Nachhaltigkeitsbericht 2024, der Errungenschaften in Governance, Umweltinitiativen und Gemeinschaftseinfluss hervorhebt. Zu den wichtigsten Punkten gehören die aktualisierte Bewertung des Klimarisikos, eine geschlechterausgewogene Vorstandszusammensetzung, CO2-Neutralität, Anerkennung als GRESB-Sektorenführer und Unterstützung der Gemeinschaft durch Finanzierung und Einzelhandelsleasing.
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BETHESDA, Md.--(BUSINESS WIRE)-- JBG SMITH, (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today released its annual Sustainability Report, highlighting the accomplishments achieved across its operating portfolio in 2023.

Notable achievements and metrics in the report include:

Governance

  • Updated its climate-related risk assessment to include integrate physical, transitional, and financial dimensions
  • Maintained the gender balance composition of JBG SMITH’s Board of Trustees to include four women
  • Released Sustainability and Human Rights policies
  • Continued to align JBG SMITH’s reporting to the Sustainable Accounting Standard Board (SASB) and the Task Force on Climate-Related Disclosures (TCFD)

Environmental

  • Maintained carbon neutrality across the operating portfolio for Scope 1 and 2 emissions
  • 5-Star rated and top performing GRESB Sector Leader in Diversified Office/Residential for its Development Pipeline
  • Recognized as Nareit’s Leader in the Light awardee in the Diversified sector for a second year
  • Recognized with USGBC’s 2023 Leadership Award for Organizational Excellence

People & Community

  • Mentored a summer intern class, 100% of which were from underrepresented groups
  • Recognized in the Bloomberg Gender-Equality Index
  • Increased to $72 million in financing to preserve approximately 3,000 units through the Washington Housing Initiative (WHI) Impact Pool
  • Retail leasing completed in 2023 comprised 57% locally owned businesses and 43% minority-owned businesses

“The JBG SMITH team has worked with focused intention to further our commitment to ESG excellence and to reach the ambitious goals we continue to set for ourselves,” said Kimberly Pexton, Senior Vice President of Sustainability at JBG SMITH. “Environmental sustainability has been a core part of our business for years, and we strive to lead by example and ensure our strategic plans align with sustainability best practices at all levels. I am extremely proud of what our team has accomplished last year and deeply appreciative of the recognition they continue to receive for their dedicated work.”

About JBG SMITH

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately 75.0% of JBG SMITH's holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon's new headquarters; Virginia Tech's under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and JBG SMITH’s deployment of 5G digital infrastructure. JBG SMITH's dynamic portfolio currently comprises 14.2 million square feet of high-growth office, multifamily, and retail assets at share, 99% of which are Metro-served. It also maintains a development pipeline encompassing 8.8 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually. For more information on JBG SMITH please visit www.jbgsmith.com.

Mittie Rooney

Rubenstein

Executive Vice President

(301) 602-8709

mrooney@rubenstein.com

Samantha Schmieder

JBG SMITH

Corporate Communications Manager

(240) 333-7706

sschmieder@jbgsmith.com

Source: JBG SMITH

FAQ

What did JBG SMITH release?

JBG SMITH released its 2024 Sustainability Report.

What are some achievements highlighted in the report?

Achievements include updating climate risk assessment, maintaining gender balance on the board, achieving carbon neutrality, being recognized as GRESB Sector Leader, and supporting community initiatives through financing and retail leasing.

What environmental initiatives were mentioned in the report?

JBG SMITH maintained carbon neutrality for Scope 1 and 2 emissions and was recognized as a 5-Star rated GRESB Sector Leader in Diversified Office/Residential.

What community impact initiatives were highlighted?

The company mentored underrepresented interns, provided financing for housing preservation, and completed retail leasing with a focus on locally and minority-owned businesses.

Who is the Senior Vice President of Sustainability at JBG SMITH?

Kimberly Pexton is the Senior Vice President of Sustainability at JBG SMITH.

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