AvalonBay Communities Named Residential Real Estate Global Leader in Sustainability
September 21 2015 - 4:15PM
Business Wire
Company Receives GRESB Green Star for Leading
Performance
AvalonBay Communities, Inc., (NYSE: AVB), has been named a
leader in residential real estate by the annual Global Real Estate
Sustainability Benchmark (GRESB) survey. AvalonBay also was awarded
a Green Star by GRESB for its top ratings in the various
environmental categories.
The GRESB survey evaluates hundreds of real estate companies in
such areas as management, policy, development, governance,
sustainability, and environmental and social programs/policies. In
every category, AvalonBay scored well above the average score of
its peers in residential real estate, ranking second in the United
States. Its rating was also above the global industry average in
almost every category, ranking third worldwide. In attaining the
coveted Green Star for environmental achievement, AvalonBay ranked
in the top quartile in terms of implementation and measurement,
management and policy, and development. AvalonBay’s overall 2015
GRESB score marks the third consecutive year of improvement in the
rankings, beginning with its first year of participation in
2013.
AvalonBay’s Chairman and CEO Timothy J. Naughton commented: “We
are very pleased with AvalonBay’s leading position in the GRESB
survey. The results reflect our priorities in corporate
responsibility matters such as sustainability, the environment,
governance, philanthropy and transparency as a part of our 2020
corporate responsibility goals. Additionally, we have recently
received our first LEED Platinum Certification at one of our newest
communities, Avalon Hayes Valley, in San Francisco, and we will
continue to integrate environmental excellence in our construction
projects.”
More information about AvalonBay’s corporate responsibility
efforts and 2020 goals can be found here:
http://www.avaloncommunities.com/~/media/Images/Corp/2014%20corporate%20social%20responsibility%20report.pdf?la=en
About AvalonBay Communities, Inc.
AvalonBay Communities, Inc. is a real estate investment trust (a
“REIT”) focused on developing, redeveloping, acquiring, and
managing high-quality apartment communities in leading metropolitan
areas of the United States. As of June 30, 2015, the Company owned
or held a direct or indirect ownership in 283 apartment communities
containing 82,974 apartment homes in 11 states and the District of
Columbia, of which 26 communities were under construction and seven
communities were under reconstruction. More information may be
found on the Company’s website at:
http://www.avaloncommunities.com/about-us
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AvalonBay Communities, Inc.Edmund Rhoads,
202-421-5334erhoads@kreab.com
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