Doing Good and Doing Well means Doing Better

When it comes to sustainability, metrics are important. As the saying goes, you can’t manage what you don’t measure. In 2022, we transitioned from installing the necessary infrastructure to baseline and benchmark our energy usage to instituting a discipline of forward-looking opportunities for both energy reduction and carbon-neutral innovations to reach our goals of carbon neutrality by 2035 and net zero by 2050. Learn more about our sustainability initiatives in the report.

RXR believes that we are only as successful as are the communities where we operate. In 2022, our development projects supported the creation of nearly 9,000 construction jobs and over 1,000 permanent jobs. Across our developments, 20 percent of all trade costs went to minority and women-owned businesses, while 26 percent of contracts went to businesses local to the developments. Learn more about how we’re building stronger communities, engaging with our tenants and residents, and supporting the RXR workforce in the report.

We incorporate a strong corporate governance and risk management framework to ensure that we maintain the highest moral, legal, and ethical standards. We believe that we are only as strong as our reputation and our values, which is why we encourage every RXR team member to “act like owner.” Our ESG Committee, established in 2019, ensures RXR continues to strive and meet ESG goals including stakeholder engagement, comprehensive risk management, and setting standards within our supply chain.