Independent Assurance Statement Provided by ISOS Group, Inc. On selected environmental metrics included in: Gables Residential 2022 Corporate Citizenship Report.
To the Management Team of Gables Residential: ISOS Group, Inc. [“ISOS” or “we”] were engaged by Gables Residential [“Client” or “Gables”] to conduct moderate level type 2 assurance of environmental data to be reported in its 2022 Corporate Citizenship Report [“CCR”], covering the period beginning January 1, 2022 and ending December 31, 2022 (“FY22”). We have performed our moderate assurance engagement in accordance with the AccountAbility 1000 Assurance Standard v3 (“AA1000AS”). Our review was limited to the data reported in Gables Residential’s 2022 Corporate Citizenship Report comprising of: Like-for-like energy consumption Like-for-like GHG emissions Like-for-like water use Like-for-like recycling generation We have not performed any procedures with respect to other information included in 2022 Corporate Citizenship Report and, therefore, no conclusion on the CCR as a whole is expressed. Gables Residential’s responsibilities The Company’s management are responsible for: Preparing the data in accordance with generally accepted reporting practices, The accuracy and completeness of the information reported, The design, implementation and maintenance of internal controls relevant to the preparation of the report to provide reasonable assurance that the report is free from material misstatement, whether due to fraud or error, Ensuring the data performance is fairly stated in accordance with the applicable criteria and for the content and statements contained therein. Criteria The assurance process was intended to provide an independent opinion confirming that the Client has complied with procedures for data management at the company and minimized degrees of error by adequately: 1. Sourcing utility and waste hauler data to populate relevant data management systems, 2. Enforcing management and quality controls across the reporting period, 3. Aggregating and converting metrics into the correct unit of measure, 4. Calculating greenhouse gas emissions, and 5. Disclosing all totals correctly into its 2022 Corporate Citizenship Report. Boundary Organizational Boundary Assurance Boundary
GHG Emissions Consolidation Approach
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Gables Residential owns and manages multifamily residential properties across the United States. Gables’ CCR covers communities where Gables exercises operational control and have after one full year of stabilized operations. The boundary of assurance was limited to the Client’s forty-six (46)1 operational properties located in the United States, which are landlord or tenant controlled. Common area energy usage was included for properties with data availability. The GHG emissions boundary followed the operational control methodology specified in the GHG Protocol.
The boundary of assurance for water and recycling data was limited to forty-five (45) properties. ISOS Group, Inc. | 1000 Elm Street, 17F, Manchester, NH, 03105 | www.isosgroup.com 1