Company Announces Release of 2020 ESG Report, Progress with Science Based Targets and Support Provided During the COVID-19 Pandemic
ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB) today announced the release of its 2020 Corporate Responsibility (CR) Report. In addition to summarizing the Company’s environmental, social and governance (ESG) performance for calendar year 2020, the report also shows the Company’s progress against its 2020 CR goals, introduces new ESG targets beyond 2020 and includes a summary of support provided for AvalonBay’s associates, residents and the greater community during the COVID-19 pandemic.
“The COVID-19 pandemic, the downturn in the economy, and widespread racial and social unrest certainly tested each of us as individuals and AvalonBay more broadly as a company throughout 2020,” said Timothy J. Naughton, Chairman and CEO of AvalonBay. “With all the disruption, it was still a year full of progress, and I am grateful to our associates, business partners and residents who continued to help us lead the way in ESG, work together to navigate the pandemic, and contribute to the collective pursuit of social equality and a more just world.”
In 2020, AvalonBay was again named the Global and U.S. Leader in the Residential Sector by the Global Real Estate Sustainability Benchmark (GRESB) and received the 2020 NAREIT Residential Leader in the Light Award. The Company also received an A- grade and was named a Supplier Engagement Leader by CDP for our carbon emission reporting and climate mitigation practices.
Mark Delisi, AvalonBay’s Vice President of Corporate Responsibility and Energy Management, stated that “During a year of so much disruptive change, we came together as a Company to continue to advance our ESG goals. We increased our environmental efforts related to emissions reduction and climate mitigation, and we doubled our support of our non-profit partners when the pandemic hit, providing essential support to their clients. Finally, we made significant and lasting strides with our Inclusion and Diversity efforts, including our new Diversity in Leadership goals and partnership with the National Urban League. This was a year that truly showed how our purpose, Creating a Better Way to Live, is at the center of all we do at AvalonBay.”
AvalonBay’s notable 2020 Corporate Responsibility achievements include:
Additional details can be found in our 2020 Corporate Responsibility Report.
About AvalonBay Communities, Inc.
As of March 31, 2021, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 85,787 apartment homes in 11 states and the District of Columbia, of which 15 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, Southeast Florida, Denver, Colorado, the Pacific Northwest, and Northern and Southern California. More information may be found on the Company’s website at http://www.avalonbay.com. Complete copies of AvalonBay’s current and past annual CR Reports can be found here.
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Mark Delisi Vice President, Corporate Responsibility AvalonBay Communities, Inc.CR@avalonbay.com
Source: AvalonBay Communities, Inc.