UDR, Inc. Publishes Fifth Annual Environmental, Social, and Governance (“ESG”) Report; Named 2023 Regional Sector Leader by GRESB
17 Outubro 2023 - 5:16PM
Business Wire
UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily
real estate investment trust, today announced the publication of
the Company’s fifth annual ESG Report, which can be accessed on the
updated ESG section of the Company’s website at
https://www.udr.com/esg/. The report summarizes the Company’s ESG
achievements in calendar year 2022 and exhibits the Company’s
progress towards its enhanced ESG goals.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231017173245/en/
(Graphic: Business Wire)
Concurrently, the Company announced that it scored an 87 on the
2023 GRESB survey and earned the Regional Sector Leader designation
from GRESB as the top performing ESG company among its listed
Multifamily Residential peers in the Americas. In addition, the
Company achieved GRESB’s Public Disclosure rating of “A” for the
fifth consecutive year.
“I am proud that GRESB has recognized UDR with the Sector Leader
designation for the second time in the last three years due to our
ongoing commitment to fostering an innovative and adaptive culture,
investment in sustainability initiatives, and adherence to our
comprehensive ESG strategy,” said Tom Toomey, UDR’s Chairman and
CEO. “This achievement is a culmination of the efforts of our
diverse and driven group of associates. I give special thanks to
our Sustainability Team and all of my fellow UDR associates for
their integral role in delivering economically viable ESG benefits
to our stakeholders.”
The GRESB assessment is the global standard for ESG benchmarking
and reporting for listed property companies, private property
funds, and developers of real estate. GRESB evaluates real estate
companies in areas such as management, governance, sustainability,
environmental and social programs and policies. UDR scored well
above the GRESB average in each of the survey’s three main
categories which are environmental stewardship, social
responsibility, and corporate governance. The Company attained a
maximum score in social responsibility, a near-maximum score in
corporate governance, and its overall score of 87 is well above the
2023 GRESB U.S. peer group average score of 79 and global average
score of 75.
The GRESB Public Disclosure survey measures sustainability
disclosures of companies. UDR received an “A” rating for the fifth
consecutive year with a score of 97.
Fifth Annual ESG Report
Based on continual feedback from our associates and a variety of
stakeholders including stewardship and investment teams at large
and small investment firms, governance groups, and ESG monitoring
services, UDR implemented a variety of enhancements to its ESG
initiatives, disclosures, and processes in 2022 and 2023. A sample
of the Company’s numerous ESG achievements presented within its
most-recent ESG Report include:
- Environmental Highlights:
- Adopted science-based Scope 1, 2 and 3 Greenhouse Gas emissions
intensity reduction targets, whereby the Company is committing to a
Scope 1 and 2 emissions intensity reduction of 40% and a Scope 3
emissions intensity reduction of 30% from 2020-2035.
- Reduced Scope 1 and 2 emissions intensity by 17% since
2020.
- Procured 30% of operationally controlled electricity through
renewable energy sources in 2022.
- Achieved a like-for-like recycling diversion rate of 23% in
2022.
- Expanded the Company’s Environmental Metrics table to include
Scope 3 emissions.
- Completed Sustainability Certification of four additional
apartment communities, increasing the Company’s sustainably
certified property count to 29 (representing over 15% of the
Company’s portfolio).
- Social Highlights:
- Introduced quarterly associate pulse surveys and monthly HR
newsletters to increase communication and opportunities for
associate feedback.
- Achieved an associate turnover rate of 28% for 2022, which is
ten percentage points lower than the industry standard of 38%
(based on National Association of Real Estate Investment Trusts
(“NAREIT”) and CEL data).
- Expanded associate demographic disclosures to include the
Company’s EEO-1 report that was filed in 2022.
- Governance Highlights:
- Expanded the Company’s already robust social governance
framework with the addition of Shezelle Krei, Vice President of
Organizational Development. The creation of this role signifies the
Company’s commitment to enhancing its already strong corporate
culture and talent acquisition and retention programs through more
focused engagement with associates.
- Simplified the ESG Metrics incorporated into our senior
leadership Short-Term Incentive Program, including moving to an
annual relative GRESB score versus peer companies.
- Clarified that there are no outstanding share grants that are
subject to single trigger change in control provisions.
Additional details on UDR’s corporate responsibility efforts,
goals, and measurable ESG outcomes can be found in the Company’s
fifth annual ESG Report and on its updated ESG website.
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading
multifamily real estate investment trust with a demonstrated
performance history of delivering superior and dependable returns
by successfully managing, buying, selling, developing and
redeveloping attractive real estate communities in targeted U.S.
markets. As of June 30, 2023, UDR owned or had an ownership
position in 58,412 apartment homes including 415 homes under
development. For over 51 years, UDR has delivered long-term value
to shareholders, the best standard of service to residents and the
highest quality experience for associates.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231017173245/en/
UDR, Inc. Trent Trujillo
ttrujillo@udr.com 720-283-6135
UDR (NYSE:UDR)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
UDR (NYSE:UDR)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024