Leading ESG benchmark names Alexandria a Global Sector Leader and gives it the highest 5-star rating for outstanding ESG integration in development projects and ranks the company No. 2 in the US for sustainability performance in corporate real estate. Alexandria also achieved its fourth “A” disclosure rating in a row.
Posted: Oct 15, 2021 at 6:30 AM MDT|Updated: 26 minutes ago
PASADENA, California., Oct 15, 2021 / PRNewswire / – Alexandria Real Estate Equities, Inc. (NYSE: ARE), a municipal office REIT and the first, longest-standing, pioneering owner, operator, and developer uniquely into collaborative life science, agtech and technology campus focused on AAA innovation cluster locations, announced today that it has been recognized by GRESB as a Global Sector Leader and the highest 5-star rating in the Diversified Listed sector for outstanding environmental, social and governance Integration (ESG) in its value creation projects. Given his continued leadership in sustainability performance in his mission-critical office / laboratory buildings that operate 24/7, Alexandria ranked # 2 in the US science and technology sector. The company also received an “A” disclosure rating for the fourth consecutive year for transparency in its practices and performance. GRESB is one of the leading global ESG benchmarks for real estate and infrastructure investments.
“We are very proud of our continued recognition as ESG leaders. Our GRESB achievements in 2021 reaffirm our team’s long-term, focused approach to continuously driving our robust ESG initiatives, including our implementation of sustainable design, construction and operations approaches that reduce carbon emissions; our mitigation of climate risk, our promotion of the health and wellbeing of our tenants and employees, and our efforts to improve the community, “said Dean A. Shigenaga, President and Chief Financial Officer of Alexandria Real Estate Equities, Inc. “As a trusted partner to many of the world’s most innovative companies, we are focused on deepening these partnerships to support our tenants’ sustainability goals. Our unwavering and ambitious commitment to highly sustainable and climate resilient buildings can be seen in our recent collaboration with Moderna to create their future headquarters and central R&D facility at 325 Binney Street in Cambridge. “
Notable efforts and accomplishments that have helped Alexandria GRESB results 2021 include:
- Groundbreaking zero-energy building design, including at 325 Binney Street – designed as the most sustainable laboratory building in the world Cambridge – which targets LEED Platinum Core & Shell and LEED Zero Energy, and at 685 Gateway Boulevard in South San Franciscoon track to achieve Zero Energy certification from the International Living Future Institute;
- Climate risk management in accordance with the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD) by assessing and mitigating the physical risks to its properties and monitoring and preparing for transitional risks;
- Certify or target more than 13 million RSF of its asset base with LEED certifications December 31, 2020, and achieving its goal for LEED Gold or Platinum certification for new basic developments;
- Active use of the Embodied Carbon in Construction Calculator (EC3) tool to measure and reduce embedded carbon;
- Demonstrate progress towards its 2025 environmental targets on carbon, energy, water and waste, including reducing total like-for-like carbon emissions to 19.6% from a 2015 baseline;
- We are the first company to receive Fitwel Viral Response Certification with Honors, the highest award within the Fitwel module; and
- Winning the fourth in a row and a total of sixth Gold Award Nareit Gold Investor CARE (Communications and Reporting Excellence) in the Large Cap Equity REIT category for outstanding shareholder communication and excellent reporting.
“GRESB Sector Leaders are the organizations that set the pace and drive progress towards a net zero future. We pride ourselves on recognizing your determination, achievement and leadership in creating a more sustainable world,” said Sebastien Roussotte, CEO by GRESB.
Learn more about it Alexandria For a comprehensive ESG program, please refer to the 2020 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-standing, and pioneering owner, operator, and developer with a unique focus on collaborative life science, agtech, and technology Campus in the AAA innovation cluster locations with a total market capitalization of $ 36.3 billion away June 30, 2021, and an asset base in North America of 58.1 million SF. The asset base in North America comprises 36.7 million RSF on company properties and 3.4 million RSF on class A properties under construction, 7.7 million RSF on short and medium-term development and renovation projects and 10.3 million RSF on future projects Development projects. Founded in 1994, Alexandria Pioneered in this niche and has since built a significant market presence in key locations including Greater Boston area, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and research triangle. Alexandria has a long and proven track record of developing Class A properties, bundled into urban life science, agtech and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to build world class Successfully recruiting and retaining talent and increasing productivity, efficiency, creativity and success. Alexandria also provides strategic capital for transformative life science, agtech and technology companies through our venture capital platform. We believe our unique business model and meticulous underwriting ensure a high quality and diverse tenant base that translates into higher occupancy rates, longer rental terms, higher rental income, higher returns and higher long-term investment value. For more information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release contains “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, among other things, statements about Alexandria ESG policies, initiatives and performance; its future environmental goals, including reducing carbon, energy and other resource consumption, mitigating climate risks and environmental impacts; the achievement of LEED and healthy building certifications or efficiencies and the effects of promoting health and wellbeing Alexandria Tenants, employees or the communities in which they operate. These forward-looking statements are based on the company’s current intentions, beliefs, or expectations, but forward-looking statements are not guaranteed and will not occur. Actual results could differ materially from those contained or implied in the company’s forward-looking statements due to a variety of factors including, but not limited to the risks and uncertainties disclosed in filings with the Securities and Exchange Commission . All forward-looking statements speak as of the date of this press release and the company assumes no obligation to update this information. For more information about risks and uncertainties that could cause actual results to differ materially from those anticipated in the company’s forward-looking statements, as well as risks and uncertainties affecting the company’s business in general, please refer to the company’s filings with the Securities and Markets Exchange Commission, including the most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.
CONTACT: Sara Kabakoff, Vice President Communications, (626) 788-5578, skabakoff@are.com
Show original content:
SOURCE Alexandria Real Estate Equities, Inc.
The above press release is courtesy of PRNewswire. The views, opinions, and statements contained in the press release are not endorsed by, nor do they necessarily reflect those of Gray Media Group, Inc.