Essex Property Trust Publishes 2021 Corporate Social Responsibility Report

Rhea-AI Summary

Essex Property Trust, Inc. (NYSE:ESS) has published its 2021 Corporate Social Responsibility (CSR) Report, highlighting significant advancements in Environmental, Social, and Governance (ESG) initiatives. Key achievements include issuing its first Task Force on Climate-related Financial Disclosures (TCFD) report, being listed on Newsweek’s Most Responsible Companies for the second consecutive year, and maintaining a 0% gender pay gap for three years. Women hold 50% of executive roles and 65% of managerial positions, reflecting the company’s commitment to diversity and sustainability.

Positive

• Issued first TCFD report and completed climate risk assessment.
• Listed on Newsweek's Most Responsible Companies for second year.
• Achieved 0% gender pay gap for third consecutive year.
• Women represent 50% of Executive Officers and 65% of managerial positions.

Negative

• None.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) announces the publication of its 2021 Corporate Social Responsibility (CSR) Report, summarizing the Company’s ongoing progress and accomplishments in Environmental, Social, and Governance (“ESG”) through 2021.

“As a prominent provider of housing on the West Coast we recognize the important role we play in leading ESG initiatives forward, both within our Company and the industry as a whole. As we look back on this past year, we are proud of the continued successes and advancements that Essex has made in accomplishing this goal and remain committed to expanding our ESG efforts in the year ahead,” said Michael J. Schall, Essex’s President and CEO.

Notable 2021 ESG highlights from the Company include:

• Issued our first TCFD report and completed our climate risk assessment in an effort to evaluate and address the impacts of climate change in a thoughtful manner
• Inclusion on Newsweek’s Most Responsible Companies list for a second consecutive year
• Achieved a 0% gender pay gap for the third consecutive year
• Women represent 50% of named Executive Officers and 65% of managerial positions in the Company

Additional details can be found in the Company’s 2021 Corporate Social Responsibility Report which can be accessed on the Investors section of the Company’s website at www.essex.com under Corporate Social Responsibility Reports.

About Essex Property Trust, Inc.

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 253 apartment communities comprising approximately 62,000 apartment homes with an additional 2 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005918/en/

Rylan Burns

Group VP of Private Equity & Finance

(650) 655-7800

rburns@essex.com

Source: Essex Property Trust, Inc.

FAQ

What were the key highlights of Essex Property Trust's 2021 CSR Report?

Essex's 2021 CSR Report highlights include issuing its first TCFD report, ranking on Newsweek's Most Responsible Companies list for the second year, achieving a 0% gender pay gap, and ensuring women hold 50% of executive roles.

What is Essex Property Trust's commitment to diversity?

Essex Property Trust has achieved a 0% gender pay gap for three consecutive years, with women making up 50% of executive officers and 65% of managerial positions.

When did Essex Property Trust release its 2021 CSR Report?

Essex Property Trust announced the publication of its 2021 CSR Report on May 2, 2022.

How does Essex Property Trust address climate change?

Essex Property Trust completed its climate risk assessment and issued its first TCFD report to thoughtfully evaluate and address climate change impacts.