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NEW YORK, May 13, 2024 ~ W. P. Carey, a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, has recently released its 2023 Environmental, Social and Governance (ESG) Report. The report, which can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/esg-report, highlights the company's progress and achievements in sustainability, social responsibility and corporate governance.
Prepared in accordance with disclosure standards established by the Task Force on Climate-Related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI), the report showcases W. P. Carey's commitment to responsible business practices.
One notable achievement highlighted in the report is the company's increased enrollment of tenants in electricity usage data reporting to more than 50% as a percentage of both annualized base rent and square footage. This demonstrates W. P. Carey's efforts towards reducing energy consumption and promoting sustainability.
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In addition, for the first time, W. P. Carey has published like-for-like Scope 1 and 2 emissions data, further enhancing their disclosures on environmental impact.
The company also achieved Green Lease Leader Gold level recognition for the third consecutive year in 2023. This was made possible through executing 45 green leases totaling 13.8 million square feet of assets and having approximately 82% of their investment volume comprised of leases with green lease provisions.
W. P. Carey has also been certified as a Great Place to Work® in the U.S for the second consecutive year, showcasing their commitment to creating a positive employee experience and culture.
Their efforts towards employee well-being have also been recognized by the American Heart Association at the Silver level of achievement on the Well-being Works Better Scorecard™.
To further solidify their commitment to responsible business practices, W.P Carey has communicated their ESG objectives through their ESG Policy Statement, which formalizes their commitment to environmental stewardship, social responsibility and governance.
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The company has also maintained an Institutional Shareholder Services (ISS) QualityScore Governance Rating of "1", the highest possible rating.
Jason Fox, Chief Executive Officer of W. P. Carey, expressed his gratitude towards the team's dedication and cross-departmental collaboration in achieving these ESG goals. He also emphasized the company's belief that corporate responsibility is a core component of their business and they will continue to identify and pursue opportunities that have a meaningful impact.
W. P. Carey Inc., with offices in New York, London, Amsterdam and Dallas, ranks among the largest net lease REITs with a well-diversified portfolio of high-quality commercial real estate. As of March 31, 2024, their portfolio includes 1,282 net lease properties covering approximately 168 million square feet and a portfolio of 89 self-storage operating properties.
Their focus remains on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S., Northern and Western Europe under long-term net leases with built-in rent escalations.
For more information on W. P. Carey's ESG initiatives and achievements, visit www.wpcarey.com.
Prepared in accordance with disclosure standards established by the Task Force on Climate-Related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI), the report showcases W. P. Carey's commitment to responsible business practices.
One notable achievement highlighted in the report is the company's increased enrollment of tenants in electricity usage data reporting to more than 50% as a percentage of both annualized base rent and square footage. This demonstrates W. P. Carey's efforts towards reducing energy consumption and promoting sustainability.
More on Nyenta.com
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In addition, for the first time, W. P. Carey has published like-for-like Scope 1 and 2 emissions data, further enhancing their disclosures on environmental impact.
The company also achieved Green Lease Leader Gold level recognition for the third consecutive year in 2023. This was made possible through executing 45 green leases totaling 13.8 million square feet of assets and having approximately 82% of their investment volume comprised of leases with green lease provisions.
W. P. Carey has also been certified as a Great Place to Work® in the U.S for the second consecutive year, showcasing their commitment to creating a positive employee experience and culture.
Their efforts towards employee well-being have also been recognized by the American Heart Association at the Silver level of achievement on the Well-being Works Better Scorecard™.
To further solidify their commitment to responsible business practices, W.P Carey has communicated their ESG objectives through their ESG Policy Statement, which formalizes their commitment to environmental stewardship, social responsibility and governance.
More on Nyenta.com
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The company has also maintained an Institutional Shareholder Services (ISS) QualityScore Governance Rating of "1", the highest possible rating.
Jason Fox, Chief Executive Officer of W. P. Carey, expressed his gratitude towards the team's dedication and cross-departmental collaboration in achieving these ESG goals. He also emphasized the company's belief that corporate responsibility is a core component of their business and they will continue to identify and pursue opportunities that have a meaningful impact.
W. P. Carey Inc., with offices in New York, London, Amsterdam and Dallas, ranks among the largest net lease REITs with a well-diversified portfolio of high-quality commercial real estate. As of March 31, 2024, their portfolio includes 1,282 net lease properties covering approximately 168 million square feet and a portfolio of 89 self-storage operating properties.
Their focus remains on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S., Northern and Western Europe under long-term net leases with built-in rent escalations.
For more information on W. P. Carey's ESG initiatives and achievements, visit www.wpcarey.com.
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