AvalonBay Communities Issues Latest Corporate Responsibility Report
July 14 2020 - 4:15PM
Business Wire
Company Announces New ESG Targets, Inclusion
on 100 Best Corporate Citizens List and Joining CEO Action
for Diversity & Inclusion™
AvalonBay Communities, Inc. (NYSE: AVB) today announced the
release of its 2019 Corporate Responsibility (CR) Report. In
addition to summarizing the Company’s environmental, social and
governance (ESG) performance for calendar year 2019, the report
also shows the Company’s progress against its 2020 CR goals,
introduces new ESG targets beyond 2020 and includes a summary of
support provided for AvalonBay’s associates and residents during
the COVID-19 pandemic.
“We are proud to continue leading the way with our
environmental, social and governance programs. This year we were
pleased to again be recognized by 3BL Media as one of the 100 Best
Corporate Citizens and by Glassdoor as one of the 100 Best Places
to Work in the U.S. I am also honored to join over 1,000 CEOs in
signing the CEO Action for Diversity & Inclusion™ (CEO Action)
pledge,” said Timothy J. Naughton, Chairman and CEO of AvalonBay.
The CEO Action pledge commits AvalonBay to taking action in support
of a more inclusive workplace for employees, communities and
society at large. This follows up on a recent letter to associates,
where Mr. Naughton addressed how AvalonBay is committing to
building a more diverse workplace.
In 2019, AvalonBay was named the Global and U.S. Leader in the
Residential Sector by the Global Real Estate Sustainability
Benchmark (GRESB) and received the 2019 NAREIT Residential Leader
in the Light Award. The Company also received an A- grade from the
Carbon Disclosure Project (CDP) for our carbon emission mitigation
practices.
Mark Delisi, AvalonBay’s Vice President of Corporate
Responsibility and Energy Management, stated that “Our focus in
2019 to set approved science-based emissions targets stakes out a
strong leadership position in reducing our emissions and driving
toward a low-carbon future. In addition, we are creating meaningful
social change with our inclusion and diversity efforts and our
Building Strong Communities philanthropy program. We will continue
to lead in the integration of ESG into how we do business for the
betterment of all our stakeholders.”
AvalonBay’s notable 2019 Corporate Responsibility achievements
include:
- Establishing science-based emissions reduction targets,
approved by the Science Based Targets initiative.
- $3.1 million in annual energy savings from LED lighting
retrofits
- Progress on our renewable energy strategy, with 1.1 Megawatts
of solar installed and another 7.8 Megawatts in design and under
construction
- 50 environmentally certified communities to-date and 39 LEED,
Energy Star or Fitwel certifications in process as of year-end
- Expanding our Inclusion & Diversity team and launching new
programs, including bias awareness training
- $2.2 million in cash and in-kind donations to regional
philanthropy partners and the American Red Cross, reaching our 2020
goal
- 93 blood drives and 1,702 pints of blood for the American Red
Cross
- 51% of AvalonBay associates volunteering over 14,200 hours to
our non-profit partners
Additional details can be found in our 2019 Corporate
Responsibility Report.
About AvalonBay Communities, Inc.
As of March 31, 2020, the Company owned or held a direct or
indirect ownership interest in 296 apartment communities containing
86,596 apartment homes in 11 states and the District of Columbia,
of which 19 communities were under development. 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.
About CEO Action for Diversity & Inclusion™
About CEO Action for Diversity & Inclusion™ CEO Action for
Diversity & Inclusion™ is the largest CEO-driven business
commitment to advance diversity and inclusion within the workplace.
Bringing together more than 1,000 CEOs of America’s leading
organizations, the commitment outlines actions that participating
companies pledge to take to cultivate a workplace where diverse
perspectives and experiences are welcomed and respected, employees
feel comfortable and encouraged to discuss diversity and inclusion,
and where best known—and unsuccessful—actions can be shared across
organizations. Learn more at CEOAction.com and connect with us on
Twitter: @CEOAction
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version on businesswire.com: https://www.businesswire.com/news/home/20200714005898/en/
Mark Delisi Vice President, Corporate Responsibility AvalonBay
Communities, Inc. CR@avalonbay.com
Avalonbay Communities (NYSE:AVB)
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