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

May 19, 2025

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

In its latest ESG report, the private real estate company shares 2024 metrics and outlines goals for next 15 years

 

San Francisco, Calif. (May 19, 2025) — 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.

“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.

Highlights from this report include:

Environmental:

  • 93% of managed properties have green certifications.
  • Decarbonization roadmaps completed for four properties, and energy efficiency measures were incorporated into capital planning for 2025. Four properties were transitioned to 100% renewable energy from the utility providers.
  • 2024 Performance: Overall consumption continues to align with RTO as occupancies increase and normalize closer to pre-pandemic levels:
  • 17% reduction in like-for-like total energy consumption between 2018 and 2024 (25% in 2021, 21% in 2022, and 20% in 2023).
  • 27% reduction in like-for-like GHG emissions intensity from 2018 to 2024. 
  • 7% reduction in like-for-like water consumption from 2018 to 2024. 

Social:

  • Completed building upgrades for tenant wellbeing, including Mills Building 10th floor Amenity Space and flex office suites, and the 3130 Wilshire Tenant Amenity Center.
  • The company continued its community support in 2024 matching employee and board member donations to a wide range of causes, providing on the job experience for high school YouthBeat apprentices with photography contracts, expanding our College Track presence to Southern California and partnering with a general contractor to grow our impact at Life Learning Academy.

Governance:

  • Expanded GRI disclosures, including obtaining Board of Directors and Governance Committee approval of the 2024 ESG Report.

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 report, visit: https://swigco.com/sustainability

About The Swig Company:

The Swig Company, LLC is a privately owned, San Francisco-based real estate operator with an 87-year history of investment, development, partnership and management of commercial real estate properties in major U.S. markets. Founded by Benjamin H. Swig in 1936, The Swig Company is guided by a long-term investment perspective that has proven adept at stewarding investors safely through multiple market cycles. The company’s vertically integrated operational platform, which includes investment, asset and property management, and leasing expertise, uses flexibility, generational thinking and sensitivity to sustainable practices to stay at the forefront of emerging trends in the commercial real estate industry.  For more information, visit: www.swigco.com.