Encouraging energy conservation with the ESG Challenge
As a responsible real estate investor, MIM manages and operates our real estate investment portfolio with focus on ESG integration, which we believe results in enhanced value for our clients, tenants, residents, and local communities. We aim to create value for our investment portfolio by increasing efficiency and sustainability, as well as improving operational and financial performance. ESG integration is engrained into our investment decision making process.
To illustrate our commitment to ESG integration efforts, we’ve developed an annual program, referred to as the “ESG Challenge,” to engage third-party property teams to reduce energy consumption. This program recognizes and celebrates investment properties that have made significant progress toward our energy efficiency and sustainability goals. Each year, an ESG assessment survey is sent to all investment property teams asking them to highlight innovative sustainability initiatives and/or successful energy reduction efforts. MIM reviews applications and awards winners with a plaque recognizing their achievements.
In 2019, winners were given additional recognition through case studies, highlighting the value of ENERGY STAR® resources and achieving ENERGY STAR certification. To promote further progress and further embed best practices across the MIM-managed real estate investment portfolio, successful energy efficiency strategies implemented by the winners were summarized and circulated to all property teams in an educational document called “10 Winning ESG Strategies.”