CareTrust REIT Achieves ISS ESG “Prime” Status for 2024
April 15 2024 - 9:00AM
Business Wire
CareTrust REIT, Inc. (NYSE: CTRE) was awarded Prime status by
ISS ESG in their ESG Corporate Rating on March 21, 2024. Prime
status is awarded to companies with an environmental, social and
governance (ESG) performance above the sector-specific Prime
threshold meaning that CareTrust REIT demonstrated strategies to
manage ESG risks and impacts and implement opportunities throughout
our value chain.
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Dave Sedgwick, CareTrust REIT CEO, said, “Our role as owners of
the real estate is to find innovative ways to promote, educate, and
incentivize our operators to make sustainable choices as they
upgrade, remodel, and redevelop.” Mr. Sedgwick continued, “As a
triple-net landlord, our third-party operators not only possess our
real estate (subject to in-place triple net lease agreements), but
they also have absolute control and operational responsibility for
the facilities located on the properties. We focus on working with
our operators on implementing our ESG goals through our developed
programs.”
Jason Rodgers, CareTrust Director of Construction Services,
added, “Our commitment to Environmental, Social and Governance
(ESG) excellence is evident through our promotion of sustainability
and corporate responsibility within the company’s business, our
developed ESG tenant programs, and our commitment to create and
protect shareholder value while serving the needs of all CareTrust
REIT stakeholders.”
Several strategies that contribute to the company’s ESG
performance are:
- Financially support environmental improvement projects by
offering financial incentives.
- Utilize an Environmental Management System for utility data at
properties.
- Implement green lease clauses.
- Engage stakeholders on climate risk, resource reduction, and
energy benchmarking compliance.
- Assess physical climate risk and identify resiliency strategies
at properties.
- Prioritize investment in our employees through comprehensive
financial well-being benefits.
- Safeguard the confidentiality and integrity of our information
through a reputable Cybersecurity firm.
- Require that tenants participating in our Tenant ESG Program
have a written Code of Business Conduct and Ethics.
Additionally, CareTrust has seamlessly integrated Corporate
Governance principles into its company committees, policies, and
practices. Its dedicated ESG Board, Employee Committees, and Senior
Management oversee various facets of its ESG strategy, ensuring
that all levels of the organization actively participate in
advancing its corporate sustainability responsibilities.
In recent efforts, the company has proactively identified
properties subject to emerging jurisdictional building performance
standards to ensure compliance readiness. Furthermore, CareTrust
has pinpointed the top 20 most resource-intensive properties and
commenced communication with relevant operators, offering tailored
improvement solutions and supportive resources.
Presently, the ESG committee is analyzing the results of its
latest physical climate risk assessment and preparing communication
regarding identified mitigation and adaptation strategies.
CareTrust has aligned its Corporate Sustainability Report with
reference to the GRI Standards and with the TCFD recommended
disclosures, ensuring transparency and accountability in its
reporting practices. For access to its latest Corporate
Sustainability Report, visit
https://investor.caretrustreit.com/Corporate-Responsibility/default.aspx.
About CareTrust REIT
CareTrust REIT, Inc. is a self-administered, publicly traded
real estate investment trust engaged in the ownership, acquisition,
development and leasing of skilled nursing, seniors housing and
other healthcare-related properties. With a nationwide portfolio of
long-term net-leased properties, and a growing portfolio of quality
operators leasing them, CareTrust REIT is pursuing both external
and organic growth opportunities across the United States. For more
information, visit https://www.caretrustreit.com/.
ISS ESG
ISS ESG’s ESG Corporate Rating is designed to enable
institutional investors to support their investment strategies by
assessing the ESG performance of corporate issuers. Refer to the
link provided for additional information:
https://www.issgovernance.com/esg/ratings/.
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CareTrust REIT, Inc., (949) 542-3130, ir@caretrustreit.com
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