“With the era of low-interest rates giving way to a higher-cost lending environment, RXR strategically repositioned our portfolio to align with evolving market dynamics and to continue our national expansion, remaining steadfast in our commitment to sustainability, community engagement, and growth.”
RXR is proud to release our 2023 ESG report. This report provides an in-depth look at our company’s ESG practices, our benchmarks, and quantifiable goals for measuring success and serving as a leading force in creating more sustainable and equitable communities in the areas where we operate.
Our commitment to sustainability is evident in our pursuit of LEED certification, which signifies our dedication to transforming the operation and maintenance of our buildings. LEED, recognized as the world’s most widely used green building system, boasts over 100,000 participating buildings worldwide. Learn more about our sustainability initiatives in the report.
This year, our target was to achieve a waste diversion rate of 40% for our commercial properties in NYC, and a portfolio wide waste reduction of 10% by year end 2023. We are pleased to announce that we have exceeded this goal, achieving a 46.5% waste diversion rate, with approximately 6 million pounds of waste recycled and 2.5 million pounds of waste composted. These efforts prevented the release of 12.5K MtCO2e into the environment doubling our impact from the previous year’s reported 6.09K of eliminated MtCO2e. Learn what these figures convert to in the report.
In 2023, RXR invested $4.55 billion to support development projects spanning nearly 6.2 million square feet, generating over 6,600 jobs and creating more than 1,000 permanent positions. Across our developments, 17 percent of all trade costs were allocated to minority and women-owned businesses, while 19 percent of contracts were awarded to contractors local to the developments.
This year, the RXO team has continued to enhance tenant engagement with newsletters focusing on building-specific initiatives and amenities, popup events, networking opportunities, and surveys. Additionally, the RXO team regularly communicates with tenants through e-blasts, WorXwell posts, and digital stanchions.
At RXR, we have a long history of repositioning properties for better and more sustainable uses. Adaptive reuse is a fundamental pillar in our ESG framework as it promotes resource efficiency, fosters community building, and preserves historic heritage. By transforming current locations and existing structures, we contribute to the resiliency and prosperity of communities.
KINGSLEY EXCELLENCE
U.S. GREEN BUILDING COUNCIL
FITWELL STAR
ENERGY STAR
GRESB
ThinkZero
