ESG OverviewCorporate SustainabilitySocial ImpactGovernance

Our ESG Mission

In alignment with Madison’s Mission Statement, the firm is committed to incorporating environmental, social, and governance (“ESG”) considerations into its investment practices and procedures. Madison engages at a corporate level and investment level on ESG to help ensure a comprehensive approach. Madison believes it must act as a responsible owner and market participant to best fulfil its commitments, in seeking to protect and enhance the value of its investments. Madison further believes that ESG factors can have an impact on investment performance, and that managing ESG risks effectively has the potential to add value.

“We believe that environmental, social, and governance considerations are inherently interconnected with financial markets or investment decisions and emphasize the need for change. At Madison International Realty, we strive to expand our focus and incorporate ESG considerations into our day-to-day interactions.”
RONALD M. DICKERMAN - PRESIDENT
UNPRI SIGNATORY
GRI-REFERENCED CSR
CEO Pledge to action for diversity & inclusion
Electricity consumption emissions offset since 2019

OUR PRIORITIES

As a global real estate private equity firm, Madison understands that our industry and the assets in which we invest are contributors to the sector’s large environmental footprint. To help mitigate the potential implications of climate change and other environmental concerns, we believe it is crucial that the industry makes significant progress in the adoption of sustainable building operations practices and renewable energy. At Madison we aim to do our part through corporate initiatives and integration of ESG considerations as a part of our investment process. Download the latest Corporate Responsibility report to learn more about the integration of ESG with Madison’s investment process.
2022 Corporate Responsibility Report
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2021 Corporate Responsibility Report
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2020 Corporate Responsibility Report
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OUR TEAM

Madison’s ESG program is run by Katie Cappola, ESG Manager and Ximena Sosa-Chavez, ESG Analyst and supported by the co-chairs of the ESG committee, Michael Siefert, Managing Director and Mark Schein, Chief Operating Officer and General Counsel. Madison’s ESG Committee was established in 2019 to support the advancement of the ESG program and integration of initiatives across the firm. It is an interdepartmental committee made up of colleagues from all offices and levels of seniority. Please see the latest Corporate Responsibility report for the ESG Committee org chart.

 

MICHAEL SIEFERT

ESG Co-Chair | Investments

MARK SCHEIN

COO and General Counsel

KATIE CAPPOLA

ESG Manager

XIMENA SOSA CHAVEZ

ESG Analyst

ESG INTEGRATION

When investing in properties, Madison reviews ESG factors, including green building certifications (LEED or equivalent), energy ratings, approach to building development and operations, and asset utility consumption data. Madison partners with its sponsors in seeking to advance their ESG programs over the hold period through an annual benchmarking and engagement process. Please see our latest Corporate Responsibility report for additional information on the integration of ESG with Madison’s investment process.

INTEGRATING ESG INTO EACH INVESTMENT STAGE

From Pre-Aqcuisition Screening to Post-Closing Implementation, Madison considers ESG every step of the way
1.Screening of Prospective Investments
As of Q1 of 2023 Madison has included Climate Event Risk data as a part of its quarterly Market Rankings.
2.Due Diligence & Underwriting Meetings
Madison completes ESG due diligence for each potential investment, evaluating ESG program performance using its proprietary ESG Questionnaire and partnering with third-party consultants to complete climate (transition and physical) risk analyses.
3.Investment Committee
Madison includes an ESG risk analysis in the Investment Committee Memo, summarizing ESG Due Diligence findings.
4.Deal Closing
Madison requires standard ESG joint venture agreement language is included in the final agreement. This language details ESG engagement and reporting requirements.
5.Asset Management
Madison annually engages with sponsors to re-benchmark their ESG program utilizing our ESG Questionnaire, and collects asset level ESG metrics. ​
6.Investment Realization
Madison proactively monitors ESG risks over the hold period with future buyer's ESG considerations in mind.

Industry Participation

Madison engages with partners and peers through participation in various industry groups.
CORPORATE
SUSTAINABILITY
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SOCIAL
IMPACT
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GOVERNANCE
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*While Madison may consider ESG factors when making an investment decision, it does not pursue an ESG-based investment strategy or limit its investments to those that meet specific ESG criteria or standards. Any reference herein to environmental or social considerations is not intended to qualify our duty to maximize risk-adjusted returns.