AvalonBay Communities Issues Latest Corporate Responsibility Report
July 11 2016 - 4:15PM
Business Wire
Company Makes Significant Progress Toward
2020 Goals
AvalonBay Communities, Inc. (NYSE: AVB) today announced the
release of its 2015 Corporate Responsibility (CR) Report. In
addition to summarizing the Company’s environmental, social and
governance performance for calendar year 2015, the report also
shows the Company’s progress against its 2020 CR goals.
“We are bringing our corporate responsibility initiatives to
scale, and making significant progress toward achieving our 2020 CR
goals,” said Timothy J. Naughton, Chairman and CEO of AvalonBay.
“We continue to focus on producing measurable outcomes that create
value for all of our stakeholders and that drive more transparency
in our environmental and social impacts. In 2015, we were pleased
to be named a Global Real Estate Sustainability Benchmark (GRESB)
sector leader and a recipient of the NAREIT Leader in the Light
Award for achievements in sustainability. In addition, our Building
Strong Communities philanthropy program supports non-profit
organizations focused on disaster relief, affordable housing, and
support for the disadvantaged.”
AvalonBay’s notable 2015 CR achievements include:
• 4.7% decrease in water use intensity
(gallons per apartment home)
• 5.9% decrease in energy use intensity
(kilowatts per square foot)
• 11 new LEED or Energy Star
certifications, including the Company’s first LEED Platinum
community
• 22 apartment communities pursuing LEED
or Energy Star certifications as of year-end, and a total of 28
communities having achieved an environmental certification across
the portfolio
• $1.1 million in cash and in-kind
donations to 25 regional philanthropy partners and continuation of
four-year $1 million commitment to the American Red Cross
The Company’s progress toward its 2020 goals includes:
2020 Goals Progress to Date From
Baseline
• Reduce energy use intensity (EUI) and
water use intensity (WUI) by 15%
EUI down 7.4%, WUI down 6.3%
• Increase Net Promoter Score (the
company’s key customer metric) by 33%
Increased 20%
• Achieve 75th percentile or better
associate engagement compared to the approximately 400 companies
surveyed by IBM Kenexa
In the 90th percentile
• Increase the Company’s contribution to
the communities in which we work and live to $2.2 million annually
(cash and in-kind)
At 50% of goal
Additional details, including definitions of the metrics
described above, can be found in our 2015 CR Report.
About AvalonBay Communities, Inc.
AvalonBay is an equity REIT in the business of developing,
redeveloping, acquiring and managing apartment communities in the
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. 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. More information may be found on the
Company’s website at http://www.avalonbay.com. Complete copies of
AvalonBay’s current and past annual CR Reports can be found
here.
Copyright © 2016 AvalonBay Communities, Inc.
All Rights Reserved
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AvalonBay Communities, Inc.Mark Delisicr@avalonbay.com
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