AvalonBay Communities, Inc. Recognized as a Climate Leader by CDP with ‘A’ Score for Climate Change
08 Dezember 2021 - 10:15PM
Business Wire
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) — AvalonBay
Communities Inc. [NYSE: AVB] has been recognized for leadership in
corporate sustainability by global environmental non-profit CDP,
securing a place on its prestigious ‘A List’ for tackling climate
change.
The Company was acknowledged for its actions to cut emissions,
mitigate climate risks, and develop the low-carbon economy, based
on the data reported by the Company through CDP’s 2021 climate
change questionnaire.
AvalonBay is one of a small number of high-performing companies
out of nearly 12,000 companies that were scored. Through
significant demonstrable action on climate, AvalonBay is leading on
corporate environmental ambition, action, and transparency
worldwide.
CDP’s annual environmental disclosure and scoring process is
widely recognized as the gold standard of corporate environmental
transparency. In 2021, over 590 investors with over $110 trillion
in assets and 200 major purchasers with $5.5 trillion in
procurement spend requested companies to disclose data on
environmental impacts, risks, and opportunities through CDP’s
platform. A record-breaking 13,000 companies responded.
A detailed and independent methodology is used by CDP to assess
these companies, allocating a score of A to D- based on the
comprehensiveness of disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets. Those that don’t disclose or provided
insufficient information are marked with an F.
“We are proud that our climate change and emissions reduction
actions and investments have earned recognition on the prestigious
CDP A List,” said Timothy J. Naughton, Chairman and CEO of
AvalonBay. “It is a testament to the over 3,000 AvalonBay
associates working each day to address the challenges of climate
change and focusing on achieving our science-based emission
reduction targets. We are committed to do our part, as a
multifamily building owner and operator, to reduce greenhouse gas
emissions and address the risks posed by climate change to the
communities in which we do business.”
Paul Simpson, CEO of CDP, said: “Many congratulations to all the
companies on this year’s A List. Taking the lead on environmental
transparency and action is one of the most important steps
businesses can make, even more so in the year of COP26 and the
IPCC’s Sixth Assessment Report. The scale of the risk to businesses
from climate change, water insecurity and deforestation can no
longer be ignored, and we know the opportunities of action far
outweigh the risks of inaction. Leadership from the private sector
is essential for securing global ambitions for a net-zero, nature
positive and equitable world. Our A List celebrates those companies
who are preparing themselves to excel in the economy of the future
by taking action today.”
The full list of companies that made this year’s CDP A List is
available here, along with other publicly available company scores:
https://www.cdp.net/en/companies/companies-scores
About AvalonBay Communities, Inc.
As of September 30, 2021, the Company owned or held a direct or
indirect ownership interest in 293 apartment communities containing
87,416 apartment homes in 13 states and the District of Columbia,
of which 17 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 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. For additional information on the
Company’s ESG efforts, please reference the most recent Corporate
Responsibility report or contact Mark Delisi, Vice President of
Corporate Responsibility at CR@avalonbay.com.
Copyright © 2021 AvalonBay Communities, Inc.
All Rights Reserved
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Mark Delisi Vice President Corporate Responsibility AvalonBay
Communities, Inc. 703-317-4707
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