AIR Communities Publishes 2021/2022 Corporate Responsibility Report

Rhea-AI Summary

Apartment Income REIT Corp. (AIRC) has published its 2021/2022 Corporate Responsibility Report, highlighting its focus on ESG initiatives. Key achievements include a 9% reduction in greenhouse gas emissions and a 3% decrease in energy usage since the 2019 baseline. The report details progress toward sustainability goals consistent with the UN's Sustainable Development Goals, as well as a new corporate responsibility website. A low-risk ESG rating from Sustainalytics and a high team engagement score further affirm the company's commitment to corporate responsibility.

Positive

• 9% reduction in greenhouse gas emissions since 2019
• 3% decrease in energy usage since 2019
• 7% increase in waste diversion since 2019
• Low-risk ESG rating from Sustainalytics
• High team engagement score of 4.42 out of 5

Negative

• Water usage unchanged since 2019, attributed to COVID-19

Denver, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. (known as AIR Communities or AIR) today announced the publication of its 2021/2022 Corporate Responsibility Report. The annual report demonstrates AIR’s commitment to being an outstanding corporate citizen and reinforces its dedication to ESG goal setting and reporting.

“This new report highlights our continued focus and progress on environmental, social, and governance (ESG) initiatives,” said Patti Shwayder, AIR’s Chief Corporate Responsibility Officer. “It delivers transparent, data-driven information about AIR’s corporate responsibility program, details progress toward new goals, and provides disclosures consistent with the Sustainability Accounting and Standards Board (SASB).”

Corporate responsibility highlights in 2021/2022 include:

• A new corporate responsibility website detailing AIR’s initiatives and progress
• Corporate responsibility goals consistent with the United Nation’s Sustainable Development Goals (UNSDGs)
• An inaugural materiality assessment and matrix, which identifies topics that are most material to the company and its stakeholders
• Progress toward Greenhouse Gas (GHG), energy, water, and waste reduction goals:
  • GHG emissions down 9% over baseline (2019-2021)
  • Energy usage down 3% over baseline (2019-2021)
  • Waste diversion up 7% over baseline (2019-2021)
  • Water – no change over baseline (2019-2021) likely due to COVID-19 stay-at-home orders
• Physical and transition risk and costs assessments of the entire portfolio
• Progress on certifying buildings as green or sustainable
• A low-risk ESG rating from Sustainalytics
• A 4.42 out of 5 team engagement score in the company’s annual survey with a participation rate of 72.1%
• Named a Kingsley Elite Five winner, ranking first among public companies and second among large multifamily companies in customer satisfaction
• Received a Gender Balanced Board Award from BoardBound by Women’s Leadership Foundation, a National Top Workplace award, and Healthiest Employers in Colorado award

“We believe our work is more than a business— it’s a high calling to serve others,” said CEO Terry Considine. “The AIR Communities team takes seriously its responsibility to care for our customers, our neighbors, and each other as teammates, and that commitment is celebrated and documented throughout this new report.”  

The report is available to view here. To read more about AIR’s commitment to corporate responsibility, please visit AIR’s new Corporate Responsibility website.

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About AIR Communities
Apartment Income REIT Corp. (“AIR Communities” or "AIR") is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. AIR is one of the country’s largest owners and operators of apartments, with 76 communities in 11 states and the District of Columbia. AIR common shares are traded on the New York Stock Exchange under the ticker symbol AIRC and are included in the S&P 400. For more information about AIR, please visit our website at www.aircommunities.com.

FAQ

What is the recent Corporate Responsibility Report released by AIRC about?

The report showcases AIRC's commitment to environmental, social, and governance (ESG) initiatives and outlines its progress and goals.

What are the key highlights from AIRC's 2021/2022 Corporate Responsibility Report?

Highlights include a new corporate responsibility website, significant reductions in greenhouse gas and energy use, and awards for customer satisfaction and gender-balanced governance.

How has AIRC performed in terms of its ESG goals?

AIRC has achieved a 9% reduction in GHG emissions, a 3% decrease in energy usage, and a 7% increase in waste diversion since 2019.

What awards has AIRC received regarding its corporate responsibility efforts?

AIRC has received several awards including a Gender Balanced Board Award and was named a Kingsley Elite Five winner for customer satisfaction.