Environmental Committee

Committee Co-Chairs

Committee Members

Purpose

The PREA Environmental Committee will, in conjunction with PREA staff, work to keep PREA members informed about environmental issues in commercial real estate investment, including definitions and current issues, risks, benefits, benchmarking, regulation and standards, and any other relevant issues at the discretion of the committee.

Membership

The Committee shall be comprised of approximately ten individuals, including two co-chairs of the committee. Best efforts will be made to create a committee that is diverse in its composition, and include members from institutional investors, investment managers, consultants and, when appropriate, academics.

Term

• Members will serve staggered three year terms, renewable once.
• Co-chairs shall serve three years as chair and the terms as co-chairs is not renewable (although they may renew as members of the committee).

Tasks

• The committee will work with PREA to promote the incorporation of environmental considerations in real estate investments, while acknowledging the importance of the financial performance of investments.

• When appropriate, recommend best practices or provide examples to the broader membership of successful implementation of environmental programs within real estate at either the portfolio or asset level.