PASADENA, Calif., June 30,
2022 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), an urban office REIT and the first,
longest-tenured and pioneering owner, operator and developer
uniquely focused on collaborative life science, agtech and
technology campuses in AAA innovation cluster locations, today
announced that it has released its 2021 ESG Report.
Alexandria's fifth ESG-focused
report demonstrates Alexandria's
commitment to and execution of its industry-leading environmental,
social and governance (ESG) strategy.
"As a mission-driven company dedicated to making a positive and
lasting impact on the world, ESG is core to our DNA. We believe
that doing well in our business and doing good for society are
inherently linked, and this belief has shaped our multifaceted
business model and ESG platform," said Dean
A. Shigenaga, president and chief financial officer of
Alexandria Real Estate Equities, Inc. "We understand that it is
vital to strive toward higher levels of sustainability and ESG
performance, and we are extremely proud of our broad recognition
for leadership across our ESG platform. We have an exceptional
team, whose dedication and attention enable the longstanding
trusted relationships we have built with our tenants, and we remain
focused on partnering with them to help advance their strategic
sustainability goals as much as to enable them to pursue novel
medicines that have the potential to improve people's lives."
The company's report details its efforts to advance impactful
ESG areas, including by driving high-performance building design
and operations to reduce carbon emissions, mitigating
climate-related risk in its real estate portfolio and investing in
and providing essential infrastructure for sustainable agrifoodtech
companies. The report also showcases Alexandria's leadership in catalyzing the
health, wellness, safety and productivity of its employees,
tenants, local communities and the world through the built
environment and beyond, including through its visionary social
responsibility initiatives and its commitment to upholding the
highest levels of transparency, integrity and accountability.
Notable efforts and accomplishments presented in the report
include:
- Being recognized as the Global Sector Leader and achieving the
highest 5 Star rating in the Global Real Estate Sustainability
Benchmark (GRESB) Diversified Listed sector and earning the #2
ranking in the U.S. Science & Technology sector, as well as
maintaining its "A" disclosure score;
- Ranking as the #5 most sustainable REIT in Barron's "10
Real Estate Companies That Are Both Greener and More
Profitable";
- Furthering the development of its approach to physical and
transition climate-related risk by initiating a process to assess
and understand potential physical risk and pathways to mitigate and
adapt to climate change, as well as preparing for the transition to
a low-carbon economy and continuing to develop science-based
targets;
- Implementing innovative solutions to minimize fossil fuel use
in its state-of-the-art laboratory development projects, such as at
325 Binney Street, which will harness geothermal energy to target a
LEED Zero Energy certification and a 92% reduction in fossil fuel
use as a key component of its design to be the most sustainable
laboratory building in Cambridge;
at 751 Gateway Boulevard, which is pursuing electrification and is
tracking to be the first all-electric laboratory building in
South San Francisco; and at the
Alexandria Center® for Life Science – South Lake Union
mega campus in Seattle, where the
company is incorporating an innovative wastewater heat recovery
system;
- Increasing its investment in renewable electricity to mitigate
carbon emissions in its existing asset base, including through a
large-scale solar power purchase agreement that will supply
renewable electricity to its Greater
Boston region starting in 2024;
- Committing over $100 million
through its strategic venture platform, Alexandria Venture
Investments, to innovative companies developing groundbreaking
technologies to mitigate the effects of climate change;
- Donating mission-critical funds to over 290 non-profit
organizations, as well as volunteering over 1,500 hours through
Operation CARE, the company's employee social impact program;
- Receiving an honorable mention in Fast Company's
prestigious 2021 Innovation by Design Awards in its new Impact
category, which recognizes designs that have a major cultural or
social impact, for its OneFifteen campus;
- Achieving a Fitwel Viral Response Certification with
Distinction, the highest designation within the Viral Response
Module, for the second consecutive year;
- Partnering with the Center for Active Design (CfAD), the
operator of Fitwel, to develop a unique life science scorecard and
earning the first Fitwel Life Science certification for 300
Technology Square in the Cambridge
submarket of Greater Boston;
and
- Earning the 2021 Nareit Gold Investor CARE (Communications and
Reporting Excellence) Award in the Large Cap Equity REIT category,
its fourth consecutive and sixth overall Gold Award for superior
shareholder communications and reporting excellence — the most
Nareit Investor CARE Gold Awards earned by any equity REIT.
Alexandria's 2021 ESG Report
has obtained third-party limited assurance from DNV Business
Assurance USA, Inc. (DNV) and was
developed in accordance with the Core option of the Standards of
the Global Reporting Initiative (GRI). Learn more about the
company's comprehensive ESG approach and its progress on key
initiatives in its 2021 ESG Report, which is available on
the Corporate Responsibility page of the company's
website.
About Alexandria Real Estate Equities, Inc.
Alexandria
Real Estate Equities, Inc. (NYSE: ARE), an S&P 500®
urban office REIT, is the first, longest-tenured and pioneering
owner, operator and developer uniquely focused on collaborative
life science, agtech and technology campuses in AAA innovation
cluster locations, with an asset base in North America of 74.2 million SF as of
March 31, 2022. The asset base in
North America includes 41.9
million RSF of operating properties and 5.4 million RSF of Class A
properties undergoing construction, 10.4 million RSF of near-term
and intermediate-term development and redevelopment projects and
16.5 million SF of future development projects. Founded in 1994,
Alexandria pioneered this niche
and has since established a significant market presence in key
locations, including Greater
Boston, the San Francisco Bay
Area, New York City,
San Diego, Seattle, Maryland and Research Triangle. Alexandria has a longstanding and proven track
record of developing Class A properties clustered in urban life
science, agtech and technology campuses that provide our innovative
tenants with highly dynamic and collaborative environments that
enhance their ability to successfully recruit and retain
world-class talent and inspire productivity, efficiency, creativity
and success. Alexandria also
provides strategic capital to transformative life science, agtech
and technology companies through our venture capital platform. We
believe our unique business model and diligent underwriting ensure
a high-quality and diverse tenant base that results in higher
occupancy levels, longer lease terms, higher rental income, higher
returns and greater long-term asset value. For additional
information on Alexandria, please
visit www.are.com.
Forward-Looking Statements
The Environmental, Social
& Governance Report is intended to highlight our efforts in
environmental sustainability, social responsibility and corporate
governance (ESG). Socially responsible investing is qualitative and
subjective by nature, and there is no guarantee that the criteria
utilized, or judgment exercised, by Alexandria will reflect the beliefs or values
of any one particular investor. Certain information regarding ESG
practices is obtained from published sources or third parties,
which may not be accurate or complete, and Alexandria is dependent on such information to
evaluate and implement ESG practices. The standards of measurement
and performance for ESG issues are developing or are based on
assumptions, and norms may vary by region. There is no assurance
that Alexandria will successfully
implement any of the ESG policies, strategies or procedures
outlined in the ESG Report or that, if implemented, such policies,
strategies and procedures will have any particular ESG-related
effect. Past performance should not be viewed as a guide to future
performance. Alexandria makes no
representation or warranty regarding the information set forth in
the ESG Report.
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, without
limitation, statements regarding Alexandria's initiatives, programs,
policies, practices, investments, assessments, progress, timing and
performance in connection with our ESG goals; the reduction of
carbon emissions and use of energy and other resources; the
mitigation of climate risk; the reduction of environmental impacts;
LEED and healthy building certifications and efficiencies; the
amount of committed funds and allocation or use of proceeds for
sustainable or ESG purposes; impacts of initiatives to promote
health, wellness, safety and productivity of our workforce, our
tenants' workforce and beyond; expected operations and performance
and the success of our tenants' efforts in connection with pursuing
novel medicines. These forward-looking statements are based on the
company's present intent, beliefs or expectations, but
forward-looking statements are not guaranteed to occur and may not
occur. Actual results may differ materially from those contained in
or implied by the company's forward-looking statements as a result
of a variety of factors, including, without limitation, the risks
and uncertainties detailed in its filings with the Securities and
Exchange Commission. All forward-looking statements are made as of
the date of this press release, and the company assumes no
obligation to update this information. For more discussion relating
to risks and uncertainties that could cause actual results to
differ materially from those anticipated in the company's
forward-looking statements, and risks and uncertainties to the
company's business in general, please refer to the company's
filings with the Securities and Exchange Commission, including its
most recent annual report on Form 10-K and any subsequently filed
quarterly reports on Form 10-Q.
CONTACT: Courtney
Mulligan, Assistant Vice President – Strategic Projects
& Corporate Social Responsibility, (646) 939‑7471,
cmulligan@are.com
View original
content:https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-releases-2021-esg-report-highlighting-its-leadership-and-innovative-approach-to-climate-resilience-design-and-operations-of-high-performance-laboratory-buildings-and-corporate-social-responsi-301579055.html
SOURCE Alexandria Real Estate Equities, Inc.