1 The Net Zero Asset Managers (“NZAM”) initiative is an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius; and to supporting investing aligned with net zero emissions by 2050 or sooner. As a signatory to the NAZM initiative, BGO has pledged to work in partnership with asset owner clients on decarbonization goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all assets under management. More information is available at https://www.netzeroassetmanagers.org.
2 GRESB Rating: GRESB awards are based on GRESB's assessment of seven sustainability aspects, using 50 real estate related indicators. The assessment includes information on property performance indicators, such as energy consumption, greenhouse gas emissions, water consumption, and waste. Details of the questionnaire and GRESB's assessment and weighting of responses are available at https://gresb.com/gresb-real-estate-assessment/. GRESB B.V. (GRESB) created and tabulated each strategy’s score, which covers activities taking place during each calendar year and is typically released on or around October 1 of the following year after materials strategy are submitted to GRESB. In order to obtain a rating, the strategy must pay a participation assessment fee for submission to GRESB.
3 Principles for Responsible Investment (PRI) is a United Nations-supported organization. BGO pays fees to PRI as part of its submission to PRI to assess how it, as a signatory of the Principles for Responsible Investment, has progressed year-over-year and relative to peers. In 2023, BGO submitted to four modules including, Policy Governance and Strategy, Real Estate, Fixed Income – Private Debt and Confidence Building Measures. Investment categories are evaluated with a score out of 100 and given a star rating, where 5 stars represents a >90% score. Submissions to PRI cover a 12-month period. For further information please see www.unpri.org.
4 ENERGY STAR Partner of the Year awards are awarded by the United States Environmental Protection Agency (EPA). An Energy Star Partner of the Year Award is the highest level of EPA recognition, reflecting the EPA’s assessment that the partner perform at a superior level of energy management and demonstrates best practices across the organization, proves organization-wide energy savings and participates actively and communicates the benefits of ENERGY STAR. More information is available at www.energystar.gov.
5 The Fitwel Champion program is led by the Center for Active Design, via Fitwel®, the world’s leading certification system committed to healthy buildings for all. Fitwel Champions must register 20 assets upon signing and certifying at least 10 or more projects over the 24-month period. Certifications are issued on a rolling basis and are valid for three years. Properties must re-certify to maintain certification standing. Properties must pay certification fees to pursue Fitwel certifications. More information is available at www.fitwel.org.
6 Launched in 2014 by the U.S. Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation, Green Lease Leaders sets the standard for what constitutes a green lease. The 2023 awardees represent portfolios totaling over 3 billion sq. ft. and comprise a diverse range of buildings from large and small commercial offices to industrial buildings to data centers. More information is available at www.greenleaseleaders.com.
7 The 2023 PREA Real Estate Investment Management ESG Award recognizes PREA members at the forefront of ESG within real estate investing, and provides the industry with examples of best practices in ESG. Our core Canadian strategy won in the open-ended category. There is no fee for the award, but recipients have to be PREA members.
8 THE ENVIROMENTAL PERFORMANCE DATA PRESENTED HEREIN (UNLESS OTHERWISE NOTED) PURPOSEFULY EXCLUDES THE FIRMS VALUE ADD, MORTGAGE, DEBT, SECONDARIES, CORE PLUS STRATEGIES AND SOME OF OUR SEPARATE ACCOUNTS, WHICH REPRESENT A SIGNIFICANT MAJORITY OF THE FIRM’S REAL ESTATE ASSESTS UNDER MANAGEMENT.
9 As of December 31st, 2023.
10 This pertains to BGO's Canadian core fund and a select separate account.
11 This pertains to BGO's Canadian and US open-ended core strategies and select separate accounts.
12 This pertains to BGO's Canadian and US open-ended core strategies and select separate accounts.
13 As of December 31st, 2023.
14 Senior Management is defined as Managing Director and above.
15 As of December 31st, 2023.
16 As of December 31st, 2023.
17 As of December 31st, 2023.
18 62.8 billion as of December 31, 2023. This excludes real estate debt and listed equity.
19 As of December 31st, 2023.
20 This pertains to BGO's Canadian and US open-ended core strategies and select separate accounts.
