JBG SMITH Releases 2024 Sustainability Report

JBG SMITH, (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, has 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.”

View JBG Smith >>