AvalonBay Communities Issues Latest Corporate Responsibility Report
July 09 2018 - 4:15PM
Business Wire
Company Announces Inclusion on 100 Best
Corporate Citizens List
AvalonBay Communities, Inc. (NYSE: AVB) today announced the
release of its 2017 Corporate Responsibility (CR) Report. In
addition to summarizing the Company’s environmental, social and
governance performance for calendar year 2017, the report also
shows the Company’s progress against its 2020 CR goals.
“We continue our industry-leading environmental, social and
governance programs. This year we were pleased to be recognized by
CR Magazine as the only multi-family Real Estate Investment Trust
in the magazine’s 100 Best Corporate Citizens list and by Glassdoor
as one of the Top 100 companies to work for in the U.S.,” said
Timothy J. Naughton, Chairman and CEO of AvalonBay. For 2017
AvalonBay received an “A” rating in ESG public disclosure by the
Global Real Estate Sustainability Benchmark (GRESB) which also
ranked the Company as a four-star sector leader. Mark Delisi,
AvalonBay’s Vice President – Corporate Responsibility, noted that
“We made significant progress on our environmental initiatives
designed to increase net operating income, reduce utility costs and
lower greenhouse gas emissions. In addition, our Building Strong
Communities philanthropy program achieved a record year of support
to non-profit organizations focused on disaster relief, affordable
housing, and support for at-risk populations.”
AvalonBay’s notable 2017 CR achievements include:
- $2,000,000 in annual energy savings
from LED lighting retrofits
- 7 new development communities achieving
LEED certifications and 27 LEED or Energy Star certifications in
process as of year-end, bringing the total properties achieving or
pursuing certification to 70
- $1.95 million in cash and in-kind
donations to 60+ regional philanthropy partners which includes year
four of our four-year $1 million commitment to the American Red
Cross
- 1,757 pints of blood donated to the
American Red Cross, a 73% increase over the prior year
- A 19% increase in associate volunteer
participation
- Establishment of our first-ever waste
reduction goal to decrease landfill-bound waste by 20% by 2023
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 10.8%, WUI down 7.9%
Increase Net Promoter Score (the Company’s key customer metric) by
33% Increased 93% 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 88% of goal
Additional details, including definitions of the metrics
described above, can be found in our 2017 CR Report.
About AvalonBay Communities, Inc.
As of March 31, 2018, the Company owned or held a direct or
indirect ownership interest in 288 apartment communities containing
84,162 apartment homes in 12 states and the District of Columbia,
of which 18 communities were under development and 15 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. Complete copies
of AvalonBay’s current and past annual CR Reports can be found
here.
Copyright © 2018 AvalonBay Communities, Inc.
All Rights Reserved
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AvalonBay Communities, Inc.Mark Delisicr@avalonbay.com
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