AvalonBay Communities, Inc. Issues Latest ESG Report
24 Julho 2023 - 5:15PM
Business Wire
Company Announces Release of 2022
Environmental, Social, Governance (ESG) Report and Progress Towards
ESG Goals
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) announced the
release of its twelfth annual Environmental, Social and Governance
(ESG) Report, summarizing the Company’s ESG accomplishments and
activities for calendar year 2022 and highlighting progress towards
its long-term ESG goals.
“At AvalonBay, we believe that our focus on strong
environmental, social and governance practices is essential to
fulfilling our purpose of creating a better way to live and driving
our long-term success,” said Benjamin W. Schall, CEO and President
of AvalonBay. “As I reflect on the ways in which we integrate ESG
efforts into our business, I am incredibly proud of what we, as an
organization, have accomplished to date and, more importantly, of
our steadfast commitment to making a difference for the
future.”
AvalonBay’s ESG leadership continued to be recognized in 2022 by
again being named a Residential Global and Regional Sector Leader
by the Global Real Estate Sustainability Benchmark (GRESB) and
received the NAREIT Residential Leader in the Light Award.
Additionally, AvalonBay was the only multifamily REIT to make the
Forbes Top 100 List of Net Zero Leaders.
Katie Rothenberg, Vice President of ESG, stated, “Transparency
leads the way to transformation. The release of our twelfth annual
ESG report is a testament to AvalonBay’s commitment towards a
sustainable future and the power of collective action.”
AvalonBay’s notable 2022 ESG achievements include:
- Progress on its science-based emissions reduction targets, with
a 43.6% reduction in Scope 1 and 2 emissions and a 13.9% reduction
in Scope 3 emissions on an intensity basis (since our baseline year
of 2017).
- Advancements in its renewable energy strategy, with 13
additional solar photovoltaic systems activated, representing 2.25
megawatts, plus continued efforts to source green electricity in
support of its science-based targets.
- 63 communities with one or more environmental certifications to
date and an additional 30 LEED, Energy Star or Fitwel
certifications in process as of year-end.
- Entered into a $2.25 billion sustainability-linked credit
facility which includes both upside and downside pricing potential
based on annual performance against scope 1 & 2 emissions
reduction targets.
- Exceeding its 2025 inclusion and diversity vision for people of
color in leadership(1) and continuing to make progress on
increasing women in leadership(1).
- Completion of a portfolio-wide biodiversity risk assessment and
benchmarking exercise to highlight areas where focusing its
development efforts would lead to higher levels of positive
biodiversity impact.
- Recognition as a Best Place to Work for LGBTQ+ Equality by the
Human Rights Campaign and as a National Inclusion, Diversity and
Equity Excellence Award winner by Associated Builders and
Contractors.
- $2.37 million in cash and in-kind donations to regional
philanthropy partners and its national partners, the American Red
Cross and National Urban League. Combined, the Company has donated
over $15.7 million cash and in-kind since 2015.
Additional details can be found in our 2022 ESG Report.
(1) Leadership team is defined as director-level associates
and above.
About AvalonBay Communities, Inc.
As of March 31, 2023, the Company owned or held a direct or
indirect ownership interest in 295 apartment communities containing
88,826 apartment homes in 12 states and the District of Columbia,
of which 19 communities were under development and one community
was under redevelopment. The Company is an equity REIT in the
business of developing, redeveloping, acquiring and managing
apartment communities in leading metropolitan areas in New England,
the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific
Northwest, and Northern and Southern California, as well as in the
Company's expansion regions of Raleigh-Durham and Charlotte, North
Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver,
Colorado. More information may be found on the Company’s website at
http://www.avalonbay.com. Complete copies of AvalonBay’s current
and past annual ESG Reports can be found here.
Copyright © 2023 AvalonBay Communities, Inc.
All Rights Reserved
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Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
Avalonbay Communities (NYSE:AVB)
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