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JBG SMITH Properties


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JBG SMITH Properties is a real estate investment trust (REIT) that specializes in the development, ownership, and management of office, residential, and retail properties in the United States. The company was formed in 2017 through a merger between The JBG Companies and Vornado/Charles E. Smith, and is headquartered in Bethesda, Maryland.

With a portfolio of over 20 million square feet of commercial space, JBG SMITH Properties is one of the largest office REITs in the country. The company's properties are primarily located in the Washington, D.C. metropolitan area, which is known for its strong demand for office space from government agencies, technology companies, and other industries.

JBG SMITH Properties is committed to sustainability and has set ambitious goals to reduce its carbon footprint and promote renewable energy. The company has adopted a comprehensive decarbonisation strategy that includes reducing energy consumption, increasing the use of renewable energy, and implementing sustainable building practices.

One of the key initiatives in JBG SMITH Properties' decarbonisation strategy is its corporate energy program, which focuses on reducing the energy consumption of its properties. The company has implemented a number of energy efficiency measures, such as upgrading lighting systems, installing occupancy sensors, and optimizing HVAC systems. These efforts have resulted in significant energy savings and reduced greenhouse gas emissions.

In addition to reducing energy consumption, JBG SMITH Properties is also committed to increasing the use of renewable energy. The company has entered into several corporate power purchase agreements (PPAs) to procure renewable energy for its properties. These agreements allow JBG SMITH Properties to purchase renewable energy at a fixed price, which helps to reduce its exposure to volatile energy prices and support the growth of renewable energy.

One of the most notable corporate PPAs that JBG SMITH Properties has entered into is with Amazon Web Services (AWS). Under the agreement, JBG SMITH Properties will supply AWS with renewable energy from a new solar facility in Virginia. The solar facility is expected to generate over 180,000 megawatt-hours of renewable energy per year, which is equivalent to the energy consumption of approximately 16,000 homes.

JBG SMITH Properties has also implemented several sustainable building practices to reduce its environmental impact. The company has obtained LEED certification for many of its properties, which recognizes buildings that meet high standards for energy efficiency, water conservation, and indoor air quality. JBG SMITH Properties has also implemented green roofs, rainwater harvesting systems, and other sustainable features in many of its properties.

Overall, JBG SMITH Properties is a leader in the office REIT sector when it comes to sustainability and decarbonisation. The company's commitment to reducing its carbon footprint, promoting renewable energy, and implementing sustainable building practices is not only good for the environment, but also helps to reduce costs and improve the value of its properties. As the demand for sustainable buildings and renewable energy continues to grow, JBG SMITH Properties is well-positioned to capitalize on these trends and deliver long-term value to its shareholders.

✓ Declared Net Zero commitment