Alexandria's
perfect score of 100 and #1 ranking in the GRESB public disclosure
module represent its sixth consecutive "A" disclosure score
and reflect the company's continued best-in-class
transparency around its ESG initiatives, which are detailed in
its 2022 ESG Report
PASADENA, Calif., Oct. 9, 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 mega campuses in AAA innovation cluster
locations, today announced that it has earned 4 Star Ratings in the
operating asset and development benchmarks of the 2023 GRESB Real
Estate Assessment. The company also achieved its seventh
consecutive Green Star designation. Additionally, Alexandria was awarded its sixth consecutive
"A" disclosure score with a perfect score of 100 and a #1 ranking
for its best-in-class transparency around ESG practices and
reporting. GRESB is one of the leading global ESG benchmarks for
real estate and infrastructure investments.
![(PRNewsfoto/Alexandria Real Estate Equities, Inc.) (PRNewsfoto/Alexandria Real Estate Equities, Inc.)](https://mma.prnewswire.com/media/2060728/Alexandria_Real_Estate_Logo.jpg)
Alexandria continues to advance
its approach to net zero through an innovative strategy that
includes reducing emissions from the operation of its
24/7 Labspace® infrastructure through
electrification, energy efficiency and renewable electricity. As a
longstanding leader in championing the health and well-being of its
tenants and employees, the company incorporates curated
placemaking, creative amenities and wellness features to help
prioritize physical and mental health. It is also continuing to
pioneer efforts to catalyze the health and vitality of its local
communities and make a distinctive impact on some of today's most
pressing societal issues through its eight social responsibility
pillars, which include accelerating medical innovation, combating
hunger and improving nutrition, prioritizing the mental health
crisis, revolutionizing addiction treatment, supporting our
military and building principled leaders through education.
"At Alexandria, our dedication to making a positive and lasting
impact on society drives us each and every day, and our ESG efforts
are core to fulfilling our mission to improve human health and
quality of life," said Eleni Reed,
senior vice president and head of sustainability at Alexandria. "Our disciplined and long-term
strategic approach to making continuous improvements to our ESG
platform, year after year, contributed to our 2023 GRESB results.
We remain deeply committed to enhancing the environmental
performance of our buildings and deepening our strategic
relationships with many of our tenants, including Bristol Myers
Squibb, Eli Lilly and Moderna, by aligning our sustainability goals
and priorities."
Notable initiatives and achievements that contributed to
Alexandria's 2023 GRESB results
and the advancement of its focused ESG initiatives include the
following:
- Proactively incorporating electrification into development
projects, including at 230 Harriet Tubman Way on the Alexandria
Center® for Life Science – Millbrae campus in the South San Francisco submarket that is fully
leased to Eikon Therapeutics, a clinical-stage biotechnology
company leveraging its microscopy and machine learning platform to
create new medicines.
- Utilizing alternative energy sources like geothermal energy in
high-performance laboratory development projects, such as 325
Binney Street, Moderna's new HQ and R&D center that is designed
to be the most sustainable laboratory building in Cambridge, and at 15 Necco Street, a
state-of-the-art low-carbon laboratory building that will be home
to the Lilly Institute for Genetic Medicine. These buildings are
targeting a 92% and 74% reduction in fossil fuel use,
respectively.
- Increasing consumption of renewable electricity across the
company's operating asset base, including through a large-scale
solar power purchase agreement that will supply renewable
electricity to its Greater Boston
region beginning in 2024.
- Pursuing Zero Energy certifications for two projects: 325
Binney Street, which is targeting LEED Zero Energy certification,
and 685 Gateway Boulevard in South San
Francisco, 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 our asset
base as of December 31, 2022, which
represents a 7% increase compared to 2021.
- Earning its eighth Nareit Investor CARE Award in the Large Cap
Equity REIT category for superior shareholder communications and
reporting, which highlights Alexandria's best-in-class operational
transparency and reporting practices.
To learn more about Alexandria's industry-leading ESG program, see
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 mega
campuses in AAA innovation cluster locations, including
Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research Triangle.
Alexandria has a total market
capitalization of $30.6 billion and
an asset base in North America of
74.9 million SF as of June 30, 2023,
which includes 41.1 million RSF of operating properties and 5.3
million RSF of Class A/A+ properties undergoing construction, 9.4
million RSF of near-term and intermediate-term development and
redevelopment projects and 19.1 million SF of future development
projects. Alexandria has a
longstanding and proven track record of developing Class A/A+
properties clustered in life science, agtech and advanced
technology mega 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 social responsibility initiatives, practices,
investments and partnerships; the likelihood of continued efforts
by Alexandria with respect to such
initiatives; the potential impacts of such activities on the health
and wellness of Alexandria's
tenants, employees and local communities and on societal issues;
reduction of carbon emissions and use of energy and other
resources; and LEED and healthy building certifications and energy
efficiencies. 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: Sara
Kabakoff, Senior Vice President – Chief Content Officer,
(626) 788-5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.