Pasadena, CA-based Alexandria Real Estate Equities Inc., an urban office REIT uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, has been recognized as the #1 real estate company in the world in the Global Real Estate Sustainability Benchmark (GRESB) 2018 Health & Well-being Module for its leadership in promoting the health, wellness and productivity of its tenants and employees. GRESB also awarded Alexandria an “A” disclosure score and, for the second consecutive year, a “Green Star” designation.
GRESB is the leading global environmental, social and governance benchmark recognizing operational excellence for real estate portfolios.
In a strategic collaboration with GRESB, Alexandria will host GRESB’s 2018 Real Estate Results Launch for North America to bring together the global real estate community for a unique and engaging forum at the world-class Alexandria Center® for Life Science – New York City on Thursday, September 20, 2018. The program will feature a 2018 GRESB assessment results presentation and panel discussions with leading investors and industry professionals on emerging trends and the current state of sustainability in real estate. Alexandria will moderate a panel discussion on emerging guidelines for resiliency and climate change.
“We are honored to receive these prestigious recognitions from GRESB reflecting our entire office and laboratory asset base,” said Dean A. Shigenaga, co-president and chief financial officer of Alexandria Real Estate Equities, Inc. “We are also proud to partner with GRESB to raise awareness about the importance and benefits of sustainability performance disclosure and reporting. With our firm commitment to and leadership in high and increasing levels of sustainability performance, transparency and sound corporate governance, we continue to demonstrate our dedication to making a positive and meaningful impact on the health, safety and well-being of our tenants, stockholders, employees and in our communities and the world.”
Alexandria’s perfect score of 100 in the GRESB Health & Well-being Module reflects its best-in-class policies, employee benefits and programs, as well as the design and operations of its collaborative life science and technology campuses. With healthy building certifications achieved or in process across 3.1 million RSF, the company is the first in the United States to have received Fitwel 3-Star certifications and the first in the world to have received WELL certification for a laboratory space. Alexandria also provides a healthy workplace and employee experience and highly competitive benefits, which includes paying 100% of health insurance premiums for employees and their families — a leading practice among only 9% of the “Fortune 100 Best Companies to Work For” in 2018.
The company’s Disclosure Score of “A” and its second consecutive “Green Star” designation from GRESB recognize its strong ESG policies, practices and performance across its combined portfolio of laboratory and office properties. Alexandria’s key sustainability programs, goals and accomplishments across the ESG realms are showcased in its Corporate Responsibility Report, which is aligned with guidelines from the Global Reporting Initiative. Notable achievements and goals include a same store reduction in energy consumption of 5.8%, greenhouse gas pollution of 6.2% and potable water consumption of 2.6% from 2016–2017, with further reduction goals to achieve by 2025, as well as meeting its target to achieve LEED® Gold or Platinum certification on all new ground-up life science and technology development projects.
Alexandria’s significant GRESB results follow its announcements in June 2018 that it had received its third Nareit Gold Investor CARE (Communications & Reporting Excellence) Award in the Large Cap Equity REIT category for superior shareholder communications and reporting excellence and had issued a $450 million green bond to fund projects that achieved or are targeting LEED Gold or Platinum certification.