of alexandria The 100 points and #1 ranking in the GRESB public disclosure module represents the sixth consecutive year of ‘A’ disclosure score and reflects the company’s continued best-in-class transparency regarding its ESG initiatives, which will be announced in 2022. Details are provided in the 2019 ESG Report.
Pasadena, California, October 9, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) is the first, preeminent, longest-tenured and pioneer of a collaborative life sciences, agricultural technology and advanced technology mega campus located in the AAA Innovation Cluster. owner, operator, and developer. announced today that it has achieved a 4-star rating in the 2023 GRESB Real Estate Rating Operating Assets and Development Benchmark. The company also achieved Green Star certification for the seventh time in a row. moreover, alexandria Best-in-Class Transparency in ESG Practices and Reporting has earned us an ‘A’ disclosure score out of 100 for the sixth consecutive time, earning us the No. 1 ranking. GRESB is one of his global ESG benchmarks in real estate and infrastructure investments.
alexandria continues to advance its approach to net zero through innovative strategies, including reducing emissions by operating lab space 24/7.® Infrastructure development through electrification, energy efficiency, and renewable power. As a long-time leader in championing the health and well-being of its tenants and employees, the company incorporates carefully selected placemaking, creative amenities and wellness features to prioritize physical and mental health. We also promote the health and vitality of local communities and have a unique impact on some of today’s most pressing social issues through eight pillars of social responsibility, including accelerating medical innovation, fighting hunger, and improving nutrition. We continue to pioneer efforts to give back. The mental health crisis, revolutionizing addiction treatment, supporting the military, and developing principled leaders through education.
“At Alexandria, our dedication to making a positive and lasting impact on society is what drives us every day, and our ESG efforts are core to fulfilling our mission to improve human health and quality of life. ”. Eleni ReidSenior Vice President and Head of Sustainability alexandria. “Our disciplined, long-term strategic approach to continually improving our ESG platform each year contributed to our 2023 GRESB results. We are deeply committed to deepening our relationships with our tenants, including Bristol-Myers Squibb, Eli Lilly, and Moderna, by aligning their sustainability goals and priorities. ”
Notable initiatives and achievements that contributed of alexandria GRESB’s 2023 results and progress on its focused ESG initiatives include:
- Incorporating electrification into development projects, such as 230 Harriet Tubman Way in Alexandria Center® For life sciences – millbrae campus of south san francisco This submarket is fully leased to Eikon Therapeutics, a clinical-stage biotechnology company that leverages microscopy and machine learning platforms to develop new drugs.
- High-performance laboratory development projects, such as Moderna’s new headquarters and research and development center, 325 Binney Street, utilize alternative energy sources such as geothermal energy, making it the most sustainable laboratory building in the world. Designed. cambridge, 15 Necco Street, is home to a state-of-the-art, low-carbon laboratory building that will be home to the Lilly Institute for Genetic Medicine. These buildings aim to reduce fossil fuel usage by 92% and 74%, respectively.
- Increase renewable power consumption across the company’s operating asset base, including through large-scale solar power purchase agreements that provide renewable power to the company. greater boston Region starting from 2024.
- Two projects are aiming for zero energy certification. 325 Binney Street and 685 Gateway Blvd., both of which are pursuing LEED Zero Energy certification. south san franciscohas been designated as Zero Energy Ready and is on track to achieve ILFI Zero Energy certification.
- We currently have 88 LEED projects certified or in progress across our asset base. December 31, 2022This represents a 7% increase compared to 2021.
- Received the 8th Nareit Investor CARE Award in the large-cap REIT category for outstanding shareholder communication and reporting. of alexandria Best-in-class operational transparency and reporting practices.
Learn more of alexandria To learn more about our industry-leading ESG program, please see our 2022 ESG Report, available on the ESG page of our website.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), S&P 500 stock® is a best-in-class, mission-driven life sciences REIT that makes a positive and lasting impact on the world. Since our founding in 1994, we have been a pioneer in the life science real estate niche field. alexandria is the longest-tenured and preeminent owner, operator, and developer of a collaborative life sciences, agricultural technology, and advanced technology mega campus located in the home of the AAA Innovation Cluster. greater boston, San Francisco Bay Area, new york city, san diego, Seattle, maryland and the research triangle. alexandria The total market capitalization is $30.6 billion And the asset base is North America Currently 74.9 million SF June 30, 2023This includes 41.1 million RSF of operating real estate, 5.3 million RSF of Class A/A+ real estate under construction, 9.4 million RSF of short- and medium-term development and redevelopment projects, and 19.1 million RSF of future development projects. alexandria We have a long and proven track record of developing Class A/A+ properties concentrated in life sciences, agricultural technology, and advanced technology megacampuses, providing innovative tenants with a highly dynamic and collaborative environment, and providing world-class Strengthen your ability to successfully recruit and retain class talent. Inspires productivity, efficiency, creativity and success. alexandria We also provide strategic capital to innovative life sciences, agri-food tech, climate change and technology companies through our venture capital platform. We believe that our unique business model and aggressive underwriting practices ensure a high-quality, diverse tenant base that results in higher occupancy rates, longer lease terms, higher rental income, higher revenues and We believe this will result in greater long-term asset value. For more information, alexandriavisit www.are.com.
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding social responsibility initiatives, practices, investments and partnerships. possibility of continued efforts by alexandria Regarding such initiatives.the potential impact of such activities on people’s health; of alexandria About tenants, employees, communities, and social issues. Reducing carbon emissions and the use of energy and other resources. LEED, Healthy Building Certification, Energy Efficiency, and more. These forward-looking statements are based on: of alexandria However, forward-looking statements cannot be guaranteed and may not be made based on current intentions, beliefs or expectations. Actual results may differ materially from those contained or implied herein. of alexandria Forward-looking statements are the result of a variety of factors, including, but not limited to, the risks and uncertainties detailed in our filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release. alexandria has no obligation to update this information. For a detailed discussion of risks and uncertainties that could cause actual results to differ materially from those anticipated, please refer to of alexandria Forward-looking statements, risks and uncertainties of alexandria Click here for general business information of alexandria Our filings with the Securities and Exchange Commission include our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q.
contact: sarah kabakovSenior Vice President – Chief Content Officer, (626) 788-5578, [email protected]
SOURCE Alexandria Real Estate Equities, Inc.