Corporate Responsibility
Our ESG Priorities
Our ESG Program is built upon the following priorities:
- Reducing scope 1 and 2 GHG emissions
- Energy efficiency
- Renewable energy
- Climate change resiliency
- Inclusion and belonging
- Philanthropic giving and community service
- Employee satisfaction, engagement, advancement and wellness
- Strong governance, ethics and stewardship policies
- Board governance of ESG
- Third-party assurance of environmental performance data
ESG Goals
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. Committed to 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 since 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 since 2020.
Increase diversity of our vendors and contractors.
Doubled the pool of diverse vendors participating in our Property Management vendor bid process from 2022 to 2033.
Engage with our communities through philanthropic giving and community service.
We donated to a local school in need in every community in which we acquire properties since 2022 and hosted 50+ community events at our properties.
Enhance employee satisfaction, engagement and wellness through an annual program assessment, and promote employee advancement.
81% favorable response rate on annual employee satisfaction survey. Certified as A Great Place To Work every year since 2020.
Acadia supports the United Nations Sustainable Development Goals (UN SDGs).
Our ESG strategy and goals are aligned with the UN SDGs identified here that represent areas in which our business and our people can have the most impact.
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 Environmental, Social and Governance Initiatives
ESG PROGRAM HIGHLIGHTS
Sustainability Contact
sustainability@AcadiaRealty.com