Corporate Responsibility


Our ESG Priorities

Our ESG Program is built upon the following priorities:

Reduce Environmental Impact
  • 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 ESG
  • Third-party assurance of environmental performance data

ESG Goals

Environmental Goal
Climate Action

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

Progress (as of 12/31/2023)

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.

 
On Track
Environmental Goal
Affordable and Clean Energy

Procure renewable energy for 50% of electricity used in landlord-controlled common areas in deregulated markets.

Progress (as of 12/31/2023)

45% of electricity consumed in common areas in 2023 was from renewable sources.

 
On Track
Environmental Goal
Responsible Consumption and Production

Upgrade to LEDs and smart lighting controls at substantially all assets with landlord-controlled parking lot lighting by the end of 2022.

Progress (as of 12/31/2023)

100% completed at assets we owned since 2020.

 
Achieved 2022
Environmental Goal
Responsible Consumption and Production

Install smart irrigation controls or replace irrigation with xeriscaping at substantially all assets with landlord-controlled irrigation by the end of 2022.

Progress (as of 12/31/2023)

100% completed at assets we owned since 2020.

 
Achieved 2022

Social Goal
Reduced Inequalities

Increase diversity of our vendors and contractors.

Progress

Doubled the pool of diverse vendors participating in our Property Management vendor bid process from 2022 to 2033.

 
On Track
Social Goal
Sustainable Cities and Communities

Engage with our communities through philanthropic giving and community service.

Progress

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.

 
Achieved 2023
Social Goal
Good Health and Well Being Decent Work and Economic Growth

Enhance employee satisfaction, engagement and wellness through an annual program assessment, and promote employee advancement.

Progress

81% favorable response rate on annual employee satisfaction survey. Certified as A Great Place To Work every year since 2020.

 
Achieved 2023

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

Affordable and Clean Energy

Maximize Energy Efficiency in Areas under Operational Control, Procure Renewable Energy, Solar Program

Sustainable Cities and Communities

Sustainable Infrastructure including Electrical Vehicle (EV) Charging Stations and Solar Program that includes Community Solar Projects

Responsible Consumption and Production

Responsible Energy and Water Usage through LED Retrofits, Smart Lighting Controls, Smart Irrigation Controls and Replacing Irrigation with Xeriscaping

Climate Action

Continued Commitment to Reduction in Scope 1 & 2 GHG Emissions, Climate Change Risk and Resilience


Our People

Good Health and Well Being

Enhance Satisfaction, Engagement and Wellness, Promote Employee Belonging and Inclusivity

Decent Work and Economic Growth

Uphold Human Rights, Create Career Opportunities through Summer Internship Program

Reduced Inequalities

Facilitate a Safe and Inclusive Working Environment

Sustainable Cities and Communities

Increase Tenant and Community Engagement through Philanthropic Services


Our Governance

Peace Justice and Strong Institutions

Uphold a Transparent and Just Code of Business Conduct and Ethics, Policies and Guidelines

Parterships for the Goals

Collaborative Stakeholder Engagement on Environmental, Social and Governance Initiatives


ESG PROGRAM HIGHLIGHTS


Sustainability Contact

sustainability@AcadiaRealty.com

Environmental Documents