AvalonBay Communities Inc. revealed the release of its Corporate Responsibility Report. In addition to summarizing the company’s environmental, social and governance performance for calendar year 2018, the report also shows the company’s progress against its 2020 CR goals.
“We are proud to continue leading the way with our environmental, social and governance programs and our adoption of Science Based Targets that were recently approved by the Science Based Targets initiative. This year we were pleased to again be recognized by CR Magazine as one of the 100 Best Corporate Citizens and by Glassdoor as one of the 100 Best Places to Work in the US,” said Timothy J. Naughton, chairman and CEO of AvalonBay. In 2018, AvalonBay received an “A” rating in ESG public disclosure by the Global Real Estate Sustainability Benchmark, which also ranked the company as a four-star sector leader.
Mark Delisi, AvalonBay’s VP of Corporate Responsibility, stated that “With our approved Science-Based Targets and commitment to renewable energy, we are establishing AvalonBay as a leader in our sector and supporting the communities where we do business as they work to tackle climate change, reduce emissions and move to a low-carbon future. In addition, our Building Strong Communities philanthropy program achieved another record year of support to non-profit organizations focused on disaster relief, affordable housing, and support for at-risk populations.”
AvalonBay’s notable 2018 Corporate Responsibility achievements include:
Establishing science-based emissions reduction targets, recently approved by the Science Based Targets initiative.
$2.3 million in annual energy savings from LED lighting retrofits
6 LEED-certified new development communities and 34 LEED or Energy Star certifications in process as of year-end, bringing the total properties achieving or pursuing certification to 83. We also received our first Fitwel, healthy buildings certification, in 2018.
$2.1 million in cash and in-kind donations to 60+ regional philanthropy partners including year four of a four-year $1 million total commitment to the American Red Cross.
Renewal of our partnership with the American Red Cross for another $1 million over four years
84 blood drives and 1,703 pints of blood for the American Red Cross
14,600 AvalonBay associate volunteer hours, a 33% increase over 2017.