PASADENA, Calif., June 29,
2023 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), the first, preeminent, longest-tenured and
pioneering owner, operator and developer of collaborative life
science, agtech and advanced technology campuses in AAA innovation
cluster locations, today announced that it has released its 2022
ESG Report. Alexandria's sixth
ESG-focused report demonstrates the company's commitment to and
execution of its industry-leading environmental, social and
governance (ESG) strategy.
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"For Alexandria, our dedication
to making a positive and lasting impact on the world drives us each
and every day. We believe that doing well in our business and doing
good for society are inherently linked endeavors, and this belief
has shaped our differentiated business model and supports our
industry-leading ESG platform," said Dean
A. Shigenaga, president and chief financial officer of
Alexandria Real Estate Equities, Inc. "We are extremely proud of
our broad recognition for leadership across our ESG platform. Our
world-class team's commitment and operational excellence enable the
longstanding trusted relationships we have built with our
innovative life science tenants, who rely on our 24/7,
mission-critical laboratory infrastructure to advance their
lifesaving work, which cannot be conducted from home."
"We continue to make significant progress in advancing our
approach to net zero and are pleased to highlight
our decarbonization strategy in our 2022 ESG Report," said
Eleni Reed, senior vice president
and head of sustainability at Alexandria Real Estate Equities,
Inc. "Our strategy, which includes reducing emissions from the
operation of our state-of-the-art facilities through
electrification, energy efficiency and renewable electricity, is
closely aligned with the sustainability goals of many of our
innovative tenants. Notably, Alexandria's highly sustainable laboratory
developments for Eli Lily and
Moderna in our Greater Boston
market showcase our proactive approach to reducing
emissions."
The company's report details its efforts to advance impactful
ESG programs, including its approach to net zero by developing an
innovative greenhouse gas emissions mitigation strategy and
advancing climate resilience in its life science real estate
portfolio. The report also spotlights Alexandria's leadership in catalyzing the
health, wellness, safety and productivity of its employees,
tenants, local communities and the world through the built
environment and beyond, including through its pioneering social
responsibility initiatives and its commitment to upholding the
highest levels of transparency, integrity and accountability.
Notable efforts and accomplishments presented in the report
include:
- Being recognized by GRESB as a Regional and Global Sector
Leader in the Science & Technology sector for outstanding ESG
integration in its value-creation development projects; ranking #2
in the Diversified Listed sector for its mission-critical operating
assets; and receiving its fifth consecutive "A" disclosure score
for transparency around its practices and performance. Alexandria has earned "Green Star"
recognitions in the operating asset benchmark for six consecutive
years and in the development benchmark for three consecutive years
since its 2020 launch;
- Ranking #5 in Barron's publication of the "10 Real
Estate Companies That Are Both Greener and More Profitable";
- Receiving an ESG Rating of "A" from MSCI for the second
consecutive year;
- Ranking in the top 10% in ISS environment and social scores and
top 10% for its S&P Global ESG scores and increasing its CDP
score to "B," putting the company in the top 10% of environmental
disclosure and performance scores among FTSE Nareit All REITs Index
companies;
- Increasing its investment in renewable electricity to mitigate
emissions in its existing asset base, including through a
large-scale solar power purchase agreement that will supply
renewable electricity to its Greater
Boston region starting in 2024;
- Pursuing Zero Energy certifications for two projects: 325
Binney Street, which is targeting LEED Zero Energy and is designed
to be the most sustainable laboratory building in Cambridge, and 685 Gateway Boulevard, which is
designated as Zero Energy Ready and is on track to achieve ILFI
Zero Energy certification;
- Having 88 LEED projects certified or in progress in its asset
base, representing a 7% increase compared to 2021;
- Ranking in the top 5 issuers of green bonds among S&P 500
REITs, with $3.2 billion issued since
2018, proceeds from which continue to be allocated to projects that
have achieved or are targeting LEED Gold or Platinum
certification;
- Having 55 projects that have achieved or are targeting healthy
building certifications, putting the company on track to meet its
2025 goal of 50 healthy building certifications;
- Being named one of Newsweek's Most Trustworthy Companies
in America in 2023, one of only six S&P 500 REITs recognized in
the Real Estate & Housing category;
- Donating mission-critical funds to over 290 non-profit
organizations, as well as volunteering over 1,000 hours through
Operation CARE, the company's employee social impact program;
and
- Earning its eighth Nareit Investor CARE Award in the Large Cap
Equity REIT category for superior shareholder communications and
reporting, highlighting Alexandria's best-in-class operational
transparency and reporting practices.
Alexandria's 2022 ESG Report
obtained third-party limited assurance from DNV Business Assurance
USA, Inc. (DNV) and was developed
in accordance with the Standards of the Global Reporting Initiative
(GRI). Learn more about the company's comprehensive ESG approach
and its progress on key initiatives in its 2022 ESG Report, which
is available on the ESG page of the
company's website.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P
500® company, is a best-in-class, mission-driven
life science REIT making a positive and lasting impact on the
world. As the pioneer of the life science real estate niche since
our founding in 1994, Alexandria
is the preeminent and longest-tenured owner, operator and developer
of collaborative life science, agtech and advanced technology
campuses in AAA innovation cluster locations, including
Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research Triangle.
The trusted partner to over 850 tenants, Alexandria has a total market capitalization
of $33.0 billion and an asset base in
North America of 75.6 million SF
as of March 31, 2023, which includes
41.9 million RSF of operating properties, 5.5 million RSF of Class
A properties undergoing construction and 9.7 million RSF of
near-term and intermediate-term development and redevelopment
projects. Alexandria has a
longstanding and proven track record of developing Class A
properties clustered in life science, agtech and advanced
technology campuses that provide our innovative tenants with highly
dynamic and collaborative environments that enhance their ability
to successfully recruit and retain world-class talent and inspire
productivity, efficiency, creativity and success. Alexandria also provides strategic capital to
transformative life science, agrifoodtech, climate innovation and
technology companies through our venture capital platform. We
believe our unique business model and diligent underwriting ensure
a high-quality and diverse tenant base that results in higher
occupancy levels, longer lease terms, higher rental income, higher
returns and greater long-term asset value. For more information on
Alexandria, please
visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements include, without limitation,
statements regarding Alexandria's
initiatives, strategies, programs, policies, practices, investments
and philanthropic efforts, assessments, progress, timing and
performance in connection with Alexandria's ESG goals and the impact of the
foregoing on Alexandria's and
Alexandria's tenants' business,
operations and workforce; the reduction of carbon, energy and other
resource use; the mitigation of climate risk; LEED and healthy
building certifications and efficiencies; and allocation or use of
proceeds for sustainable or ESG purposes. These forward-looking
statements are based on Alexandria's present intent, beliefs or
expectations, but forward-looking statements are not guaranteed to
occur and may not occur. Actual results may differ materially from
those contained in or implied by Alexandria's forward-looking statements as a
result of a variety of factors, including, without limitation, the
risks and uncertainties detailed in its filings with the Securities
and Exchange Commission. All forward-looking statements are made as
of the date of this press release, and Alexandria assumes no obligation to update
this information. For more discussion relating to risks and
uncertainties that could cause actual results to differ materially
from those anticipated in Alexandria's forward-looking statements, and
risks and uncertainties to Alexandria's business in general, please refer
to Alexandria's filings with the
Securities and Exchange Commission, including its most recent
annual report on Form 10-K and any subsequently filed quarterly
reports on Form 10-Q.
CONTACT: Courtney
Mulligan, Assistant Vice President – Corporate Social
Responsibility & Strategic
Projects, (646) 939-7471, cmulligan@are.com
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