Leading by Example, The Swig Company Continues to Push Toward Net Zero
The Californer/10314691

SAN FRANCISCO - Californer -- The Swig Company transitioned four of its 14 commercial properties to renewable energy last year and plans to transition 2 additional properties this year. The San Francisco-headquartered private real estate investment company also reported it is making progress towards becoming carbon net zero by 2040 and saw overall portfolio-wide reductions in energy and water consumption, as well as the intensity of greenhouse gas emissions in 2024, despite a steady return-to-office trend in most of its properties.

The firm's sixth annual non-financial report, covering environmental, social and governance (ESG) activities released today reaffirms the company's commitment to environmental and economic sustainability, pursuing net zero, and fostering diversity, equity, inclusion despite many companies shying away from these facets of industry.

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"We're prioritizing environmental, social, and governance issues throughout our portfolio not out of political expediency but because we fully believe it is the right thing to do for our company, our employees, and the communities in which we live, work, and play," said Connor Kidd, President and CEO.

A 27% reduction in greenhouse gas (GHG) emissions portfolio wide marks a significant milestone in The Swig Company's ongoing commitment to lowering its carbon footprint, advancing its sustainability goals, and achieving net zero by 2040.

"We're incredibly proud of the progress we made last year in developing decarbonization roadmaps for four of our buildings, exceeding key sustainability goals, fostering a diverse workplace, and giving back to the communities in which our buildings stand," said Kairee Tann, Senior Vice President, Director of Innovation and Community Impact.

The 2024 report highlights the company's commitment to environmental stewardship, positive social impact and responsible governance. The Swig Company, a privately owned real estate investor operator, focuses on innovation and people to create workspaces of the future that feature healthy office spaces and support flexible ways to work. The company expanded into the multifamily residential market in 2022.

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The ESG report is based on the Global Reporting Initiative (GRI), an industry standard framework, and our goals align with the Paris Agreement to limit global warming to 1.5 degrees Celsius.

To read the full press release with report highlights, visit: https://www.swigco.com/news/press/leading-by-example-the-swig-company-continues-to-push-toward-net-zero

To read the full ESG report, visit: https://swigco.com/sustainability