2025 Sustainability Report

Our Long-Term
Commitment to Sustainability

Performance with Purpose. Progress You Can Measure.

We integrate sustainability into investment decision-making to drive long-term value.

CenterSquare’s 2025 Sustainability Report reflects our commitment to ESG integration across listed and private real estate strategies.

2025 Sustainability Report

CenterSquare's Approach to Sustainability

We're excited to share another update on CenterSquare's sustainability approach with you, through our 2025 Sustainability Report. CenterSquare's approach continues to evolve as we navigate an everchanging real estate landscape, shaped by significant macroeconomic, geopolitical, and technological development.

We believe sustainability practices are paramount to a long-term value-creation strategy and are integral in the evaluation of investments across listed and private real estate. This is why we rely on a data-driven process that seeks to establish a complete picture of the risks and opportunities both in terms of sustainability and financial impact.

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To Our Community:

We're excited to share another update on CenterSquare's sustainability approach with you, through our 2025 Sustainability Report. CenterSquare's approach continues to evolve as we navigate an everchanging real estate landscape, shaped by significant macroeconomic, geopolitical, and technological development.

We believe sustainability practices are paramount to a long-term value-creation strategy and are integral in the evaluation of investments across listed and private real estate. This is why we rely on a data-driven process that seeks to establish a complete picture of the risks and opportunities both in terms of sustainability and financial impact. In our Listed Real Estate business, this takes the form of a quantitative scoring system integrated into our top-down, bottom-up, and risk management research process. In private real estate, we rely on a proprietary scorecard that considers material ESG factors as part of our due diligence and asset management processes.

Across our business, we seek to engage with stakeholders on relevant sustainability issues. We invite you to explore this report, ask questions, and engage with us on these topics. We welcome feedback to enhance our approach.

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Progress in Motion

Key Milestones

For nearly three decades, CenterSquare has integrated Environmental, Social and Governance (ESG) principles within our investment strategy and decision-making processes, recognizing their material impact on both the industry and society. Looking ahead, our commitment to responsible investing remains steadfast as we strive to remain best-in-class in our approach and advocate for the adoption of sustainable practices to generate long-term value creation across the real estate industry.

Scroll right to view earlier milestones →

2024
— Launched Global Sustainable REIT Strategy
— Currently manage $600M+ mandate as ESG REIT specialist
2023
— Completed goal to make ESG training available for all employees
— Conducted portfolio-wide climate risk analysis across Essential Service Retail
— Real Estate Engagement Network (GREEN)
2022
— Published third ESG white paper
— Updated Firm-wide ESG policy
— Developed Global Sustainable REIT Strategy
2021
— Established cross-functional Sustainability Committee
— Published inaugural ESG Annual Report
— Began measuring triple bottom line impact
— Reaffirmed support for Global Investor Statement
— Began promoting Science-Based Targets Initiative
— Created ESG checklist for private debt underwriting
2020
— Formalized ESG Engagement Policy
— Developed fully quantitative ESG models for global REITs
— Published second ESG white paper
— Created ESG checklist for private equity underwriting
2019
— Developed Firm-wide Socially Responsible Investment (SRI) policy
— Declared support for TCFD
— Began measuring climate physical risks & ESG engagements
— Signed Global Investor Statement on the Climate Crisis
2018
— Became a UN PRI Signatory
— Published first ESG white paper
2017
Established a Comprehensive ESG score in our REIT model based on Environmental, Social and Governance factors
2016
Became a GRESB member
2005
Established a quality score framework with a focus on Governance factors in our REIT model
1995
Governance factors considered in investment decisions
Our Approach

Doing our part: Translating the United Nations Sustainable Development Goals into Action

The United Nations Sustainable Development Goals (UN SDGs), adopted by the UN General Assembly in 2015 as part of the 2030 Agenda for Sustainable Development, serve as a north star to achieve significant progress globally and build a more equitable and sustainable future. To provide a measurable framework for our sustainable investing approach, we have incorporated ten of the 17 UN SDGs as key elements in our sustainability process.

We believe these are the goals that pertain to the real estate industry, and in which CenterSquare can have a tangible impact while creating long-term value. We believe real estate has the power to be both a driver of financial growth and sustainable development. The built environment has a material impact locally on the communities in which it exists, and globally is a major source of resource consumption and carbon emissions.

With global progress on these goals falling short of where it needs to be, our contribution toward making the built environment more sustainable has become even more vital.

The CenterSquare Real Estate UN SDGs
SDG 3 Good Health and Well-Being SDG 5 Gender Equality SDG 6 Clean Water and Sanitation SDG 7 Affordable and Clean Energy SDG 8 Decent Work and Growth SDG 9 Industry and Innovation SDG 11 Sustainable Cities SDG 12 Responsible Consumption SDG 13 Climate Action SDG 17 Partnerships for the Goals
UN Sustainable Development Goals
Industry Update

The Sustainable Development Goals Report 2025 paints an eye-opening picture of current progress toward these goals and the efforts needed to turn these global ambitions into reality. Success will require continued commitment and participation by global stakeholders.

The built environment is inextricably linked with the physical and societal impacts of these goals, strengthening the motivation for the industry to make progress. Whether it’s evaluating climate risks to properties, hosting community events in partnership with tenants, or making properties more energy efficient, our sustainability efforts across both our public and private real estate businesses align to these SDGs.

Our Platform

The Public / Private Real Estate Advantage

CenterSquare’s experience investing in Private Real Estate provides the foundation to develop the financial materiality lens through which we approach sustainability. In turn, the leading nature of Listed Real Estate informs our approach to ESG evaluation in Private Real Estate.

Corporate Responsibility

Advocacy & Corporate Social Responsibility

Corporate Social Responsibility
A Commitment to Corporate Social Responsibility

Driving positive change within our communities through volunteerism, advocacy, and an unwavering commitment to diversity and inclusion.

2025 Sustainablility Report JS