Alexandria Real Estate Equities, Inc. Achieves GRESB 5 Star Rating

Published : Sunday, September 15, 2019 | 6:48 AM

Alexandria Real Estate Equities, Inc., a Pasadena-based urban office real estate investment trust (REIT) company focusing on developing collaborative life science, technology and agtech campuses, has achieved a Global Real Estate Sustainability Benchmark (GRESB) 5-Star Rating, receiving five out of five stars – the highest rating within the benchmark.

The company also maintained its “A” disclosure score for the second straight year and earned its third consecutive Green Star designation.

GRESB is the leading global environmental, social and governance benchmark for real estate and infrastructure investments across the world.

“We are honored to receive these prestigious recognitions from GRESB, which reinforce our continued dedication to and execution on our industry-leading ESG initiatives,” Dean A. Shigenaga, Co-President and Chief Financial Officer of Alexandria Real Estate Equities, Inc., said. “We are also proud to partner with GRESB to raise awareness about the importance and benefits of sustainability performance disclosure and reporting.”

This Thursday, Alexandria is hosting the 2019 GRESB Real Estate Results Launch for North America that brings together the global real estate community in a forum at the Alexandria Center for Life Science in New York City. The program will feature a presentation of the 2019 GRESB assessment results and panel discussions on emerging trends and the current state of sustainability in real estate.

Alexandria will moderate the panel discussion on key sustainability and real estate trends that have the potential to impact the next 10 years.

In a statement, Alexandria said its “A” disclosure score and Green Star designation are a reflection of the company’s strong environmental, social and governance policies, practices and performance across approximately 24 million square feet of operating properties.

They also indicate the company’s proactive approach to addressing impacts of climate change as well as its longstanding leadership in promoting health and wellness, the statement said.

The company’s notable achievements include reducing its like-for-like carbon pollution by 14.5 percent since 2015, receiving the inaugural Best in Building Health Company Award from Fitwel and achieving two LEED (Leadership in Energy and Environmental Design) Platinum certifications.

In June, Alexandria said it had received its fourth Gold Investor CARE (Communications and Reporting Excellence) Award from the National Association of Real Estate Investment Trusts (NAREIT) for superior shareholder communications and reporting excellence.

The company’s inaugural Green Bond Allocation Report focuses on their progress in allocating its green bond proceeds and provides related environmental impact metrics. Alexandria said they have issued $1 billion in green bonds since 2018.

To learn more about Alexandria’s corporate responsibility program, visit www.are.com/corporate-responsibility.html.

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