AvalonBay Communities Named Global and Regional Sector Leader by GRESB for its Commitment to Sustainability
September 10 2019 - 4:15PM
Business Wire
The Global Real Estate Sustainability Benchmark (GRESB)
announced that AvalonBay Communities, Inc. has been named a Global
and Regional Sector Leader in the 2019 Real Estate Assessment, a
benchmark which covers more than 1,000 property companies, real
estate investment trusts (REITs), funds, and developers.
Each year GRESB assesses and benchmarks the environmental,
social and governance (ESG) performance of real assets worldwide
and monitors progress towards global sustainability goals. GRESB
assessments are guided by what investors and the industry consider
to be material issues in the sustainability performance of real
asset investments and are aligned with international reporting
frameworks such as GRI and PRI.
The GRESB Sector Leader Awards Program recognizes real estate
and infrastructure companies, funds and assets that have
demonstrated outstanding leadership in sustainability.
"We are proud to lead the way in environmental, social and
governance performance. AvalonBay is committed to the integration
of environmental sustainability and social impact into the way we
operate, and we are honored to receive this recognition from
GRESB,” said Timothy J. Naughton, Chairman and CEO of
AvalonBay.
"We congratulate all 2019 Sector Leaders for the significant
steps they have taken to manage ESG risks, identify opportunities
and find ways to make positive real-world impacts. Your efforts
continue to shape the future of sustainability leadership and play
a critical role in creating a world with more sustainable buildings
and infrastructure,” says Sander Paul van Tongeren, Co-Founder and
Managing Director at GRESB.
AvalonBay recently published its 2018 Corporate Responsibility
report, which provides more details on the Company’s ESG goals,
initiatives and accomplishments. This includes our adoption of
Science Based Targets that were recently approved by the Science
Based Targets initiative.
About AvalonBay Communities, Inc.
As of June 30, 2019, the Company owned or held a direct or
indirect ownership interest in 294 apartment communities containing
86,184 apartment homes in 12 states and the District of Columbia,
of which 21 communities were under development and seven
communities were under redevelopment. The Company is an equity REIT
in the business of developing, redeveloping, acquiring and managing
apartment communities in leading metropolitan areas primarily 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. More information may be found on the
Company’s website at http://www.avalonbay.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190910005857/en/
Mark Delisi Vice President, Corporate Responsibility AvalonBay
Communities, Inc. CR@avalonbay.com
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