Corporate Responsibility
As a publicly traded real estate investment trust, we set high standards in regards to our corporate responsibility initiatives and performance.
OUR CORPORATE RESPONSIBILITY
PRIORITIES
We are dedicated to turning our values into action, continuously making progress on our commitments with transparency and accountability.
Reduce Environmental ImpactÂ
- Reducing scope 1 and 2 GHG emissions
- Energy efficiency
- Renewable energy
- Climate change resiliency
People first
- Inclusion and belonging
- Philanthropic giving and community service
- Employee satisfaction, engagement, advancement and wellness
Integrity in Governance
- Strong governance, ethics and stewardship policies
- Board governance of corporate responsibility
- Third-party assurance of environmental performance data
ESG Goals
Environmental
Achieve and maintain a Scope 1 & 2 GHG emissions reduction of 20% by the end of 2024 (2019 baseline) and develop a long-term emissions reduction goal.
29% reduction since 2019. Set a goal of 46% reduction by 2030 (from a 2019 baseline) in line with the goals of the Paris Agreement.
Procure renewable energy for 50% of electricity used in landlord-controlled common areas in deregulated markets.
45% of electricity consumed in common areas in 2023 was from renewable sources.
Upgrade to LEDs and smart lighting controls at substantially all assets with landlord-controlled parking lot lighting by the end of 2022.
100% completed at assets we owned as of 2020.
Install smart irrigation controls or replace irrigation with xeriscaping at substantially all assets with landlord-controlled irrigation by the end of 2022.
100% completed at assets we owned as of 2020.
Social
Acadia supports the United Nations Sustainable Development Goals (UN SDGs).
Our Environment
Maximize Energy Efficiency in Areas under Operational Control, Procure Renewable Energy, Solar Program
Sustainable Infrastructure including Electrical Vehicle (EV) Charging Stations and Solar Program that includes Community Solar Projects
Responsible Energy and Water Usage through LED Retrofits, Smart Lighting Controls, Smart Irrigation Controls and Replacing Irrigation with Xeriscaping
Continued Commitment to Reduction in Scope 1 & 2 GHG Emissions, Climate Change Risk and Resilience
Our People
Enhance Satisfaction, Engagement and Wellness, Promote Employee Belonging and Inclusivity
Uphold Human Rights, Create Career Opportunities through Summer Internship Program
Facilitate a Safe and Inclusive Working Environment
Increase Tenant and Community Engagement through Philanthropic Services
Our governance
Uphold a Transparent and Just Code of Business Conduct and Ethics, Policies and Guidelines
Collaborative Stakeholder Engagement on corporate responsibility initiatives.
Increase diversity of our vendors and contractors.
On Track
Engage with our communities through philanthropic giving and community service.
We donated to a local school in need in every community in which we acquired properties in 2022 and 2023 and hosted 50+ community events at our properties.
Achieved
Enhance employee satisfaction, engagement and wellness through an annual program assessment, and promote employee advancement.
Certified as A Great Place To Work every year since 2020.
Achieved