Reit Magazine - January/February 2021 - 36

Sara Neff

SVP, Sustainability, Kilroy
Realty Corp. (NYSE: KRC)

OFFICE

" Addressing scope 3 carbon emissions is the major
environmental trend. REITs are now good at
addressing onsite energy consumption and going
forward the focus will be on reducing carbon in the
supply chain, especially in construction materials
such as concrete.
COVID-19 has turned the industry's focus toward
the impacts of buildings on human health. A major
social issue will be taking what we learned about
keeping occupants safe during the pandemic and
translating that to health programs in a post-vaccine
world. Optimizing the effectiveness of diversity
programs is also of paramount importance.
Climate risk is a key trend in governance. Per the
recommendations of the Taskforce on ClimateRelated Financial Disclosures, the board of directors
should have governance over climate-related risks
and opportunities. More REIT boards will be adding
these issues to their scope. "

Lobby of Kilroy's 350 Mission in San Francisco.

LEADERSHIP PERSONIFIED & MOST INNOVATIVE AWARDS
Sara Neff, SVP of sustainability at Kilroy
Realty Corp. (NYSE: KRC), received
Nareit's 2020 Leadership Personified
award. Neff is humble about the win
but admits she's happy to be seen as
an approachable REIT ESG leader, and
her proverbial door is always open for
industry colleagues who may have an
ESG issue to discuss.
" I believe I've helped foster a spirit of
transparency and collaboration around
ESG issues that have helped all of us
grow our programs, " Neff says.
Kilroy was also the first REIT to make

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a commitment to achieve carbon neutral
by the end of 2020, a goal they have
since achieved, and Neff's leadership in
that arena helped facilitate the impressive achievement.
Additionally, Kilroy has been awarded
Nareit's 2020 Most Innovative Leader in
the Light award. Part of what has made
the REIT so forward-thinking is the strategic partnerships it has formed through
the Kilroy Innovation Lab, including
collaborations with cleantech incubators
Elemental Excelerator, the USGBC Los
Angeles Net Zero Accelerator, and Build

Edison. Neff says these partnerships
have helped Kilroy sift through the noise,
resulting in pilots and programs that are
aligned with its core mission of reducing
the environmental footprint of its buildings while maximizing social benefit.
" We've focused on innovation for
many years, and our teams understand
that it is a key component of our sustainability strategy, " Neff adds. " As a result,
our team members are able to recognize
and take advantage of opportunities for
innovative sustainability when
those arise. "



Reit Magazine - January/February 2021

Table of Contents for the Digital Edition of Reit Magazine - January/February 2021

Contents
Reit Magazine - January/February 2021 - Cover1
Reit Magazine - January/February 2021 - Contents
Reit Magazine - January/February 2021 - 1
Reit Magazine - January/February 2021 - 2
Reit Magazine - January/February 2021 - 3
Reit Magazine - January/February 2021 - 4
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Reit Magazine - January/February 2021 - 6
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