news—10.18.2023

Clarion Highlights Latest ESG Strategies, Policies, and Achievements in New Report

Press Release

Cover image of Clarion's 2022 Annual ESG Report

​​​​Leading Commercial Real Estate Investment Firm Earns Industry Recognition for Key Initiatives

NEW YORK, October 17, 2023 /3BL Media/– Clarion Partners, LLC, an independent investment subsidiary of Franklin Templeton, has issued its annual report detailing the Firm's environmental, social, and governance (ESG) initiatives.

“Through our comprehensive ESG program, we are building toward a long-term vision of value for our stakeholders. The Firm continues to expand our diversity, equity, and inclusion (DEI) initiatives, both within our Firm and across our industry," says Chief Executive Officer David Gilbert.

Chief Investment Officer Jeb Belford notes, “Clarion's investment approach is informed by ESG considerations, with multiple layers of due diligence and assessment in place to evaluate climate risk and readiness as well as opportunities for increased efficiency."

The Firm has achieved various ESG-related milestones over the past year​1, including industry recognition for:​

  • Increased energy efficiency and high-performing assets

Clarion was named a 2023 ENERGY STAR Partner of the Year and an Executive Member of the U.S. Environmental Protection Agency's 2022 Certification Nation for certifying 78 properties. With the implementation of 154 energy efficiency projects in 2022, including the installation of shadow meters and LED lighting at industrial properties, Clarion continues to work toward improving data coverage and energy efficiency across its portfolio. 

  • Tenant health/wellness and portfolio benchmarking

Fitwel recognized Clarion as a 2023 Best in Building Health Award winner for Portfolio Benchmarking. Clarion seeks to add value to its assets through a variety of initiatives including health and sustainability, and utilizes the benchmarking process to strategically support occupant wellness and asset quality through the design and management of its buildings. ​

  • ​Workplace engagement and satisfaction

Clarion was named a Pensions & Investments (P&I) 2022 Best Place to Work in Money Management and a GlobeSt. Commercial Real Estate's Best Place to Work 2023. These awards reflect the Firm's culture, which seeks to foster meaningful experiences, growth opportunities, and access to rewarding careers. Clarion's DEI Council continues to prioritize initiatives that help to build an inclusive workplace and foster employee development, such as the Firm's signature Analyst and Associate Summit. ​

The Clarion Partners 2022-23 ESG Report can be accessed here.

The 69-page report provides governance information on the Firm's ESG framework and leadership, relationships with key industry organizations, climate risk management, and transparency and reporting. For environmental, it details the Firm's net zero progress, performance metrics and reductions, green building certified and energy rated properties, and a new section that highlights Clarion Partners Europe. Social initiatives are grouped under diversity, equity, and inclusion (DEI), employee development, community involvement, and tenant engagement. ​​

Definitions

Footnotes

Industry awards, ratings, and certifications described above are provided by third parties, which may receive submission or membership fees or project registration and certification fees in connection with these award, ratings, and certifications programs. Please click here for important information.

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Investment in real estate is speculative and involves significant risk. For more information about certain of the material risks and limitations associated with Clarion Partners’ investment advisory products, strategies and services, please see Clarion’s current Form ADV Part 2A brochure, which is available on the SEC’s Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov/firm/summary/108803. Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Any specific investment referenced may or may not be held in a Clarion Partners client account. It should not be assumed that any investment, in any property or other asset, was or will be profitable.

All Clarion Partners LLC and Clarion Partners Europe statistics, data and charts, including but not limited to assets under management (AUM), ESG data, sector data and property data, as well as data related to our investors, tenants and employees, are as of December 31, 2023 unless otherwise noted.

Photos used in this website were selected based on visual appearance, are used for illustrative purposes only, and are not necessarily reflective of all the investments in a Clarion fund or portfolio or the investments a Clarion fund or portfolio will make in the future.

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