AvalonBay Communities, Inc. Issues Latest ESG Report
14 Luglio 2022 - 10:15PM
Business Wire
Company Announces Release of 2021
Environmental, Social, Governance (ESG) Report and Progress Towards
ESG Goals
AvalonBay Communities, Inc. (NYSE: AVB) announced the
release of its eleventh annual Environmental, Social and
Governance (ESG) Report, summarizing the Company’s ESG
accomplishments and activities for calendar year 2021 and
highlighting progress towards its long-term ESG goals.
“We are driven by a strong belief that our actions, both big and
small, contribute to our purpose of creating a better way to live —
for people, the places where we live and work and the planet at
large.” said Benjamin W. Schall, CEO and President of
AvalonBay. “I am incredibly proud of what we as an
organization have accomplished to date and of our steadfast
commitment to making a difference in the future.”
In 2021, AvalonBay was again named a Residential Sector Leader
by the Global Real Estate Sustainability Benchmark (GRESB) and
received the 2021 NAREIT Residential Leader in the Light Award. The
Company also made the CDP “A List” for the first time, one of just
four REITs and the only apartment company to receive an A grade on
their rating scale. Additionally, AvalonBay was named for the
third year to Newsweek’s list of America’s Most Responsible
Companies and for the fifth year to 3BL Media’s 100 Best Corporate
Citizens List.
AvalonBay’s notable 2021 ESG achievements include:
- Continuing to drive progress on our science-based emissions
reduction targets, with a 31.7% reduction in Scope 1 and 2
emissions and a 23.4% reduction is Scope 3 emissions (since our
baseline year of 2017).
- Progress on our renewable energy strategy, with 23 additional
solar panel systems activated, representing 3.06 Megawatts.
We continue our efforts to source green electricity in support of
our science-based targets.
- 61 communities with one or more environmental certifications to
date and an additional 21 LEED, Energy Star or Fitwel
certifications in process as of year-end.
- Issuing our inaugural green bond offerings, the first for $700
million and the second for $400 million, for a combined issuance of
$1.1 billion. We committed that the proceeds from these
offerings have been or will be allocated to eligible green
projects.
- Progress with our Diversity in Leadership vision, with an
increase at year-end of representation at the leadership level(1)
of both women and people of color of two percentage points for
each.
- Participation for the first time in the Human Rights Campaign
Corporate Equality Index, receiving a perfect score of 100.
- Creation of two new Associate Resource Groups (Parents and
Caregivers of AvalonBay and Veterans Support Outreach Committee)
for a total of seven, and launching of the AvalonBay Mentorship
Program.
- $2.5 million in cash and in-kind donations to regional
philanthropy partners and our national partners, the American Red
Cross and National Urban League. With this, we have donated
over $13.3 million cash and in-kind over the past decade.
- The 10th anniversary or our Spirit of Caring Season in November
and December, which we celebrated with virtual and in-person
volunteer events and donation drives across the country.
Additional details can be found in our 2021 ESG Report.
- Leadership team is defined as director-level associates and
above.
About AvalonBay Communities, Inc.
As of March 31, 2022, the Company owned or held a direct or
indirect ownership interest in 296 apartment communities containing
87,918 apartment homes in 12 states and the District of Columbia,
of which 18 communities were under development and two communities
were 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 markets 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 © 2022 AvalonBay Communities, Inc.
All Rights Reserved
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Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
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