Environmental, Social
and Governance

In recent years, sustainability has played an increasingly critical role in business practices across all industries. Environmental, social, and governance factors are among the types of information that have gained prominence for investors to consider when determining the sustainability and ethical impact of a company’s business. As a platform, our approach to ESG seeks to make a positive impact and consider all stakeholders and business partners.

Mack Real Estate Group
ESG Task Force Highlights

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Established internal ESG Task Force in 2019
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ESG Task Force comprises 6 key team members with functional experts across multiple business lines and verticals

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Seek to consider all stakeholders and business partners in our approach to ESG

The ESG Task Force set out to
make a positive impact through its core objectives

Environmental
  • Measure controllable consumption and emissions; particularly when we have control of a property, seek to reduce its carbon footprint
  • Evaluate and integrate as appropriate sustainable practices, green building design, and smart technology into development and management of properties that we control
  • Evaluate utilization of clean and sustainable energy where applicable (including co-generation, solar, etc.)

Social
  • Foster a work environment of ongoing education and mentorship to build and maintain enduring relationships with MREG stakeholders
  • Attract, develop, and retain a strong, diverse, and inclusive workforce, focused on employee well-being, engagement, and development
  • Support local communities and surrounding neighborhoods through initiatives focused on health and wellness, arts and culture, and retail activation
  • Promote volunteerism and community service amongst MREG colleagues

Governance
  • Conduct ourselves with the highest standards of integrity, reinforced by the effective compliance, anti-corruption, ethical, and cybersecurity procedures and policies
  • Provide transparency to our stakeholders through regular updates on portfolio performance

Mack Real Estate Group (MREG) is proud to be a corporate sponsor of Project Destined, an educational and social impact non-profit focused on empowering students from underrepresented communities through training in financial literacy and leadership development. Project Destined interns learn financial literacy and real estate investing through a blend of live courses and e-learning grounded in ownership, investing and financial health. Throughout the ten-week long program interns are supported by their mentors and program managers as they learn the fundamentals of real estate and develop their own professional networks. The program culminates in a live investment proposal competition where interns present a live real estate opportunity to a panel of executives with the opportunity to win scholarships and prizes.

The Spring 2021 MREG Project Destined team consisted of ten New York City-based students, all hailing from local universities and high schools. Over the course of the program, MREG mentors worked with the Project Destined students to apply real world business concepts and real estate underwriting techniques to analyze a live transaction in their community. Throughout the program the students honed their presentation skills in preparation for the final competition, where they competed against other NYC based teams. Team MREG won first place in the NYC Division Championship, advancing to the Project Destined National Championship where they placed second overall in a competition with teams from across the United States.

Project Destined was co-founded by Cedric Bobo in 2016 and, as of Spring 2021, has launched its program in several major cities including Charlotte, Detroit, Los Angeles, Miami, San Francisco, and New York City.

MREG looks forward to continuing its support of Project Destined and its mission of providing access to the commercial real estate industry to minority stakeholders in the communities in which they live, work and play.