UDR, Inc. Publishes Sixth Annual Environmental, Social, and Governance (“ESG”) Report
UDR has published its sixth annual ESG Report, highlighting significant achievements in environmental, social, and governance initiatives for 2023. Environmental achievements include a 20% reduction in Scope 1 and 2 emissions intensity since 2020, 30% renewable energy procurement, and certification of seven additional sustainable properties. Social accomplishments feature a low 22% associate turnover rate and enhanced talent development strategies. Governance improvements include expanding social governance framework and aligning compensation with ESG priorities.
The company has committed an additional $10 million to ESG and Climate Technology Funds, bringing total commitment to $30 million. UDR now has 36 sustainably certified properties, representing nearly 20% of its portfolio.
UDR ha pubblicato il suo sesto rapporto annuale ESG, evidenziando risultati significativi nelle iniziative ambientali, sociali e di governance per il 2023. Risultati ambientali includono una riduzione del 20% nell'intensità delle emissioni Scope 1 e 2 dal 2020, il 30% di approvvigionamento di energia rinnovabile e la certificazione di sette proprietà sostenibili aggiuntive. Accomplimenti sociali presentano un basso tasso di turnover degli associati del 22% e strategie avanzate per lo sviluppo dei talenti. Miglioramenti nella governance includono l'espansione del framework di governance sociale e l'allineamento della compensazione con le priorità ESG.
L'azienda ha impegnato ulteriori 10 milioni di dollari in fondi ESG e tecnologia climatica, portando l'impegno totale a 30 milioni di dollari. UDR ora dispone di 36 proprietà certificate in modo sostenibile, che rappresentano quasi il 20% del suo portafoglio.
UDR ha publicado su sexto informe anual de ESG, destacando logros significativos en iniciativas ambientales, sociales y de gobernanza para el 2023. Logros ambientales incluyen una reducción del 20% en la intensidad de emisiones del Alcance 1 y 2 desde 2020, el 30% de adquisición de energía renovable y la certificación de siete propiedades sostenibles adicionales. Logros sociales presentan una baja tasa de rotación de colaboradores del 22% y estrategias mejoradas de desarrollo de talento. Mejoras en la gobernanza incluyen la expansión del marco de gobernanza social y la alineación de la compensación con las prioridades ESG.
La empresa ha comprometido otros 10 millones de dólares a fondos de ESG y tecnología climática, llevando el compromiso total a 30 millones de dólares. UDR ahora cuenta con 36 propiedades certificadas de manera sostenible, representando casi el 20% de su cartera.
UDR는 2023년 환경, 사회 및 거버넌스 이니셔티브에서의 중요한 성과를 강조하는 제6회 연간 ESG 보고서를 발표했습니다. 환경 성과에는 2020년 이래로 Scope 1 및 2 배출 강도의 20% 감소, 30% 재생 에너지 조달, 그리고 7개 추가 지속 가능한 자산의 인증이 포함됩니다. 사회적 성과에는 22%의 낮은 직원 이직률과 향상된 인재 개발 전략이 포함됩니다. 거버넌스 개선에는 사회적 거버넌스 프레임워크의 확대와 ESG 우선 사항에 따른 보상의 정렬이 포함됩니다.
회사는 ESG 및 기후 기술 기금에 추가로 1000만 달러를 약정하여 총 약정액을 3000만 달러로 늘렸습니다. UDR은 현재 포트폴리오의 거의 20%에 해당하는 36개 지속 가능 인증 자산을 보유하고 있습니다.
UDR a publié son sixième rapport annuel sur l'ESG, mettant en lumière des réalisations significatives dans les initiatives environnementales, sociales et de gouvernance pour 2023. Réalisations environnementales comprennent une réduction de 20 % de l'intensité des émissions Scope 1 et 2 depuis 2020, 30 % d'approvisionnement en énergie renouvelable et la certification de sept propriétés durables supplémentaires. Accomplissements sociaux se caractérisent par un faible taux de rotation des associés de 22 % et des stratégies améliorées de développement des talents. Améliorations de la gouvernance incluent l'expansion du cadre de gouvernance sociale et l'alignement des compensations avec les priorités ESG.
L'entreprise a engagé 10 millions de dollars supplémentaires dans les fonds ESG et de technologie climatique, portant l'engagement total à 30 millions de dollars. UDR possède désormais 36 propriétés certifiées durables, représentant presque 20 % de son portefeuille.
UDR hat seinen sechsten jährlichen ESG-Bericht veröffentlicht, der bedeutende Erfolge bei Umwelt-, Sozial- und Governance-Initiativen für 2023 hervorhebt. Umwelterfolge umfassen eine Reduzierung der Emissionsintensität der Bereiche 1 und 2 um 20 % seit 2020, 30 % Beschaffung erneuerbarer Energien und die Zertifizierung von sieben zusätzlichen nachhaltigen Immobilien. Soziale Errungenschaften zeigen eine niedrige Fluktuationsrate von 22 % bei Mitarbeitern und verbesserte Strategien zur Talententwicklung. Governance-Verbesserungen beinhalten die Erweiterung des sozialen Governance-Rahmens und die Angleichung der Vergütung an ESG-Prioritäten.
Das Unternehmen hat zusätzlich 10 Millionen Dollar für ESG- und Klimatechnologiefonds bereitgestellt, womit sich das Gesamtengagement auf 30 Millionen Dollar erhöht. UDR verfügt nun über 36 nachhaltig zertifizierte Immobilien, die fast 20 % seines Portfolios ausmachen.
- None.
- None.
(Graphic: Business Wire)
“I am proud of the sustainability accomplishments we have made through our ongoing commitment to fostering an innovative and adaptive culture and adherence to our comprehensive ESG strategy,” said Tom Toomey, UDR’s Chairman and CEO. “I give special thanks to our Sustainability Team and all of my fellow UDR associates for their integral role in delivering economically viable ESG benefits to our stakeholders.”
Taking into consideration feedback from the Company’s associates and a variety of stakeholders including stewardship and investment teams at large and small investment firms, governance groups, and ESG monitoring services, UDR implemented a variety of enhancements to its ESG initiatives, disclosures, and processes in 2022, 2023, and 2024. A sample of the Company’s numerous ESG achievements presented within its most-recent ESG Report include:
-
Environmental Highlights:
-
Reduced Scope 1 and 2 emissions intensity by
20% since 2020, which is halfway towards the Company’s emissions reduction target of40% by 2035. -
Procured
30% of operationally controlled electricity through renewable energy sources in 2023. -
Completed Sustainability Certification of seven additional apartment communities, increasing the Company’s sustainably certified property count to 36 (representing nearly
20% of the Company’s portfolio). -
Committed to investing an additional
$10 million $30 million
-
Reduced Scope 1 and 2 emissions intensity by
-
Social Highlights:
-
Achieved an associate turnover rate of
22% in 2023, which is eighteen percentage points lower than the industry standard of40% (based on National Association of Real Estate Investment Trusts (“NAREIT”) and CEL data) and a six percentage point improvement versus 2022. - Built a new talent development strategy to align talent with the needs of the Company, including advancing the strategy to identify, assess, and develop successors for key executive officers.
- Increased impactful communication with associates through quarterly associate pulse surveys and monthly HR newsletters to improve opportunities for associate feedback.
-
Achieved an associate turnover rate of
-
Governance Highlights:
- Expanded the Company’s already robust social governance framework with the addition of a Director of Talent Management to enhance our already strong corporate culture and talent acquisition and retention programs through more focused engagement with associates.
- Augmented senior leadership’s Short-Term Incentive Program compensation targets to better align with important ESG priorities.
Additional details on UDR’s corporate responsibility efforts, goals, and measurable ESG outcomes can be found in the Company’s sixth annual ESG Report and on its updated ESG website.
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted
View source version on businesswire.com: https://www.businesswire.com/news/home/20241024779429/en/
UDR, Inc.
Trent Trujillo
ttrujillo@udr.com
720-283-6135
Source: UDR, Inc.
FAQ
What are UDR's main environmental achievements in 2023?
How much has UDR committed to ESG and Climate Technology Funds?
What was UDR's employee turnover rate in 2023?
How many sustainably certified properties does UDR now have?
