AvalonBay Communities, Inc. Ranked Highest Among Multifamily REITs By Newsweek’s 2016 Green Rankings
June 09 2016 - 4:15PM
Business Wire
Environmental Rankings Assess Largest
Publicly-Traded Companies in U.S. and Abroad
AvalonBay Communities, Inc. [NYSE: AVB], a leading multifamily
real estate investment trust (REIT), today announced that it has
been ranked highest among its multifamily REIT peers and listed
among the top third of the 500 largest U.S. publicly-traded
companies in the 2016 Newsweek Green Rankings. Since 2009, the
Newsweek Green Rankings, created in partnership with Corporate
Knights and HIP Investor, have been one of the world’s foremost
corporate environmental rankings, assessing the 500 largest
publicly-traded companies in the United States and the 500 largest
publicly-traded companies globally on overall environmental
performance.
“Environmental responsibility is core to our business and a
critical part of developing sustainable communities. This is why we
integrate our sustainable initiatives with our design, development,
construction and operations processes,” said Matthew Birenbaum,
AvalonBay’s Chief Investment Officer. “Ranking highest among our
multifamily REIT peers is recognition of our focus on and
commitment to our longstanding belief in investing and operating
responsibly for the long term and ties directly to our purpose of
creating a better way to live.”
AvalonBay continues to make significant progress in bringing its
environmental sustainability initiatives to scale including LED
lighting retrofits, weather-based irrigation systems, and adopting
a policy that requires all new high-rise and mid-rise construction
projects to achieve third-party certification of environmental and
energy efficiency from external rating programs such as LEED or
Energy Star.
"In the current global business and political climate, no
company can continue to ignore its environmental footprint and
there's good news: Newsweek's 2016 Green Rankings show
that the world's biggest companies are improving when it comes to
energy productivity and in limiting greenhouse gas emissions,” said
Elijah Wolfson, Senior Editor for Newsweek. “Our hope is that the
rankings will propel leaders to start looking at their
environmental impact not just in terms of carbon use, but
comprehensively, and make the changes necessary to sustain both
business growth and environmental viability."
For more information about the 2016 Newsweek Green Rankings,
visit here: http://www.newsweek.com/green-2016.
For more information about Newsweek, visit: newsweek.com or
corp.ibt.com. For all use of the Newsweek Green Rankings 2016 logo,
please contact PARS
International: http://ibtreprints.com/newsweek-green/.
ABOUT AVALONBAY
As of March 31, 2016, the Company owned or held a direct or
indirect ownership interest in 282 apartment communities containing
83,049 apartment homes in 10 states and the District of Columbia,
of which 24 communities were under construction and 11 communities
were under reconstruction. 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 the Northern and Southern California regions of the
United States. AvalonBay currently owns 16 LEED and 10 Energy Star
certified communities, and an additional 23 communities are
pursuing certification. The Company provides career opportunities
to approximately 3,000 associates and acts as a long-term partner
in the local communities where it builds and operates. More
information may be found on the Company’s website
at http://www.avalonbay.com.
About Newsweek
Newsweek is a premier news magazine and website,
bringing high-quality journalism to readers around the globe
for over 80 years. Newsweek provides the latest news, in-depth
analysis and ideas about international issues, technology,
business, culture and politics. In addition to its online and
mobile presence, Newsweek publishes weekly English print editions
in the United States, Europe/Middle East/Africa and Asia as well as
editions in Japanese, Korean, Polish, Serbian, Spanish and Czech.
Newsweek is owned by IBT Media. For more information,
visit: newsweek.com or corp.ibt.com.
Newsweek Green Rankings Methodology:
The U.S. 500 consists of the 500 largest publicly-traded
companies headquartered in the U.S. by market capitalization as at
31 December 2015. The Global 500 consists of the 500 largest
publicly-traded companies in the world by market capitalization as
at 31 December 2015.
Data is obtained from HIP Investor, Bloomberg and the CDP (via
Bloomberg). All companies are contacted for data verification,
whenever possible once all available items of data have been
obtained.
The 2016 Newsweek Green Rankings measures the environmental
performance of large public companies using eight clearly defined
key performance indicators. The methodology is clear and rules-
based, and the process meets the test of being replicable by a
third party. A company’s overall score is a weighted average of
their eight KPI scores. Combined Energy Productivity Score,
Combined GHG Productivity Score, Combined Water Productivity Score,
Combined Waste Productivity Score, Green Revenue Score,
Sustainability Pay Link, Sustainability Board Committee, Audited
Environmental Metrics.
About Corporate Knights
Corporate Knights is Independent media and financial
research B Corp with more than a decade of experience doing
corporate sustainability ratings including the Global 100 Most
Sustainable Corporations in the World, Newsweek Green Rankings,
and Sustainable Stock Exchanges Ranking. The company designed
and developed CleanCapitalist.com, a global platform for
ranking and tailoring investment portfolios according a person's
specific values. The vision of Corporate Knights
is information empowering markets to foster a better
world.
About HIP Investor
Founded in 2006, HIP (Human Impact + Profit ) Investor produces
17,000 investment ratings and rankings of stocks, bonds and mutual
funds based on the fundamental drivers of value, including people,
products, natural resources and trust. HIP Investor applies its
ratings to advise investors, manage portfolios, and partner with
advisors to deliver sustainable 401(k) plans. The HIP Investor
textbook (Wiley, 2010) is included in 26 university and MBA
curricula. See www.HIPinvestor.com.
Copyright © 2015 AvalonBay Communities, Inc.
All Rights Reserved
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AvalonBay Communities, Inc.Kurt ConwaySenior Vice PresidentBrand
Strategy & Marketing703-317-4611orNewsweekJennifer
Valentin646-867-7144j.valentin@ibt.com
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