“Utilizing 2018 as our base year, we recorded about a 2.5% progression toward our energy, emissions, water, and waste targets.” “We made great progress in our first year,” Theine notes. To publicize results, the company released its first interactive ESG Report in June 2020. It’s a win-win.”īased on 2018 performance, the company set aggressive goals for the next three years, including a 10% reduction in energy, emissions, and water usage along with a 10% increase in waste diversion. “It creates a better facility for patient care, the hospital systems are able to operate those buildings cost-efficiently, and that keeps them committed to those buildings long term, which of course, helps Physicians Realty and our shareholders. “Our ‘green’ initiatives lead to ‘green’ money savings for our tenants, and ultimately, that improves the quality of the buildings,” Theine explains. To reach its sustainability goals, Physicians Realty analyzes areas of highest energy usage, emissions, water, and waste at its buildings to both enhance operations and plan for future system upgrades.Īll of Physician Realty’s environmental projects adhere to what the company has coined a “G2 Sustainability” philosophy, resulting in positive returns for tenants and investors. Under the helm of Mark Theine, Physician Realty’s executive vice president of asset management, the company’s ESG team collected years of data, creating a baseline of sustainability metrics across its portfolio. While sustainability has long been a company priority, Physicians Realty, which has built a $4 billion-plus portfolio that includes 269 outpatient medical buildings, surgery centers, and cancer centers across 36 states, undertook an initiative in 2018 to develop and launch a formal environmental, social, and governance (ESG) program. John Thomas, president and CEO of Physicians Realty, says the organization has always had a focus on implementing environmental stewardship “in a way that has a direct financial benefit for our tenants, and ultimately, contributes to better health care for the communities we serve.” Physicians Realty Trust (NYSE: DOC) is working to be a sustainability trailblazer in green initiatives across its portfolio by setting aggressive goals, emphasizing accountability, and adopting a building certification platform particularly well-suited to the assets in its portfolio.
Photo courtesy of Physicians Realty Trust.
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