AvalonBay Communities, Inc. Named 2024 Regional Sector Leader by GRESB
AvalonBay Communities (NYSE: AVB) has been named the Regional Sector Leader for Americas Residential in the 2024 GRESB Development Benchmark, achieving a score of 96 out of 100. The company's success stems from aligning design and construction standards with LEED certification requirements. Sixty-nine AvalonBay communities have achieved environmental certifications, with 61 more pursuing certification. The company reported significant environmental progress, including a 46.3% reduction in scope 1 and 2 emissions and a 19.6% reduction in scope 3 emissions since 2017. AvalonBay focuses on energy efficiency, electrification, and renewable energy in its development projects.
AvalonBay Communities (NYSE: AVB) è stata nominata Leader del Settore Regionale per le Residenze nelle Americhe nel Benchmark di Sviluppo GRESB 2024, raggiungendo un punteggio di 96 su 100. Il successo dell'azienda deriva dall'allineamento degli standard di design e costruzione con i requisiti di certificazione LEED. Sessantanove comunità AvalonBay hanno ottenuto certificazioni ambientali, con altre 61 in fase di certificazione. L'azienda ha riportato progressi ambientali significativi, inclusa una riduzione del 46,3% delle emissioni di ambito 1 e 2 e una riduzione del 19,6% delle emissioni di ambito 3 dal 2017. AvalonBay si concentra sull'efficienza energetica, sull'elettrificazione e sulle energie rinnovabili nei suoi progetti di sviluppo.
AvalonBay Communities (NYSE: AVB) ha sido designada Líder Regional del Sector para Residencial en las Américas en el Benchmark de Desarrollo GRESB 2024, logrando una puntuación de 96 sobre 100. El éxito de la compañía proviene de la alineación de los estándares de diseño y construcción con los requisitos de certificación LEED. Sesenta y nueve comunidades de AvalonBay han logrado certificaciones ambientales, y otras 61 están en proceso de certificación. La empresa reportó un progreso ambiental significativo, incluida una reducción del 46,3% en las emisiones de alcance 1 y 2 y una reducción del 19,6% en las emisiones de alcance 3 desde 2017. AvalonBay se enfoca en la eficiencia energética, la electrificación y las energías renovables en sus proyectos de desarrollo.
아발론베이 커뮤니티 (NYSE: AVB)가 미주 주거 부문 지역 섹터 리더로 2024 GRESB 개발 벤치마크에 선정되었으며, 100점 만점에 96점을 기록했습니다. 회사의 성공은 디자인 및 건설 기준을 LEED 인증 요구 사항과 일치시키는 것에서 비롯됩니다. 69개의 아발론베이 커뮤니티가 환경 인증을 받았으며, 61개는 인증을 추진 중입니다. 회사는 2017년 이후 1 및 2 범위 배출량 46.3% 감소와 3 범위 배출량 19.6% 감소를 포함해 상당한 환경 진전을 보고했습니다. 아발론베이는 개발 프로젝트에서 에너지 효율성, 전기화 및 재생 가능 에너지를 중심으로 작업하고 있습니다.
AvalonBay Communities (NYSE: AVB) a été désignée Leader du Secteur Régional pour le Résidentiel des Amériques dans le Benchmark de Développement GRESB 2024, avec un score de 96 sur 100. Le succès de l'entreprise repose sur l'alignement des normes de conception et de construction avec les exigences de certification LEED. Soixante-neuf communautés AvalonBay ont obtenu des certifications environnementales, tandis que 61 autres poursuivent leur certification. L'entreprise a annoncé des progrès environnementaux significatifs, incluant une réduction de 46,3 % des émissions de portée 1 et 2 et une réduction de 19,6 % des émissions de portée 3 depuis 2017. AvalonBay met l'accent sur l'efficacité énergétique, l'électrification et les énergies renouvelables dans ses projets de développement.
AvalonBay Communities (NYSE: AVB) wurde als Regionaler Sektor-Leiter für Wohnimmobilien in den Amerikas im GRESB Entwicklungsbenchmark 2024 ausgezeichnet und erreichte eine Punktzahl von 96 von 100. Der Erfolg des Unternehmens beruht auf der Ausrichtung der Design- und Bauanforderungen an die Anforderungen der LEED-Zertifizierung.
- Achieved top score of 96/100 in GRESB Development Benchmark
- 69 communities have environmental certifications with 61 more in progress
- 46.3% reduction in scope 1 and 2 emissions since 2017
- 19.6% reduction in scope 3 emissions since 2017
- Successfully reached 2023 waste diversion target
- None.
Insights
The GRESB Sector Leader recognition, while prestigious, has minimal direct financial impact on AvalonBay's operations or stock value. However, the underlying sustainability achievements are noteworthy from an operational perspective. The 46.3% reduction in scope 1 and 2 emissions and 19.6% reduction in scope 3 emissions since 2017 indicate significant cost-saving potential through improved energy efficiency.
The company's portfolio of 69 environmentally certified communities, with 61 more pursuing certification, suggests a strong commitment to sustainable development that could reduce operating costs and enhance property values long-term. This approach to development and operations positions AVB well for increasing environmental regulations and growing tenant preferences for sustainable living spaces.
“As an avid developer, with meaningful sustainability targets, we incorporate environmental design standards into our new projects, which in turn supports the long-term operational efficiency and resilience of our portfolio,” said Katie Rothenberg, Vice President of ESG. “We’re pleased to see these efforts recognized by GRESB as a Sector Leader.”
The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations. This year’s Real Estate Assessment saw a record 2,223 listed and non-listed portfolios participate, generating a benchmark that covers
Key to AvalonBay’s success has been aligning design and construction standards to meaningful LEED certification requirements. Third party validation helps ensure project-level decisions align to long-term corporate environmental goals. Sixty-nine AvalonBay communities have achieved one or more environmental certifications, with 61 additional communities pursuing certification.
“We remain committed to prioritizing energy efficiency, electrification, and renewable energy where appropriate,” said Rothenberg. “Our new development projects act as a proving ground and help inform decarbonization efforts within our standing investments portfolio – a major benefit of being a REIT that both develops and operates.”
“GRESB Sector Leaders help set the pace for the industry, leading the way towards a more sustainable future. We are both proud of and encouraged by this year’s Sector Leaders for their dedication, leadership, and commitment to ESG principles and sustainability,” said Sebastien Roussotte, CEO of GRESB.
Earlier this, year AvalonBay issued its thirteenth annual ESG report summarizing the Company’s corporate sustainability program and accomplishments for calendar year 2023, including cumulative progress on its greenhouse gas reduction targets, reporting a
About AvalonBay Communities, Inc.
AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the
About GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social, and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 150 institutional and financial investors to inform decision-making. For more information, visit GRESB.com.
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Jason Reilley
Vice President
Investor Relations
AvalonBay Communities, Inc.
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Source: AvalonBay Communities, Inc.
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