Alexandria Real Estate Equities, Inc. Releases 2022 ESG Report Highlighting Its Leadership and Continued Advancement of Its Decarbonization Strategy, Climate Resilience Roadmap and Corporate Social Responsibility Initiatives

Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology campuses in AAA innovation cluster locations, today announced that it has released its 2022 ESG Report. Alexandria's sixth ESG-focused report demonstrates the company's commitment to and execution of its industry-leading environmental, social and governance (ESG) strategy.

"For Alexandria, our dedication to making a positive and lasting impact on the world drives us each and every day. We believe that doing well in our business and doing good for society are inherently linked endeavors, and this belief has shaped our differentiated business model and supports our industry-leading ESG platform," said Dean A. Shigenaga, president and chief financial officer of Alexandria Real Estate Equities, Inc. "We are extremely proud of our broad recognition for leadership across our ESG platform. Our world-class team's commitment and operational excellence enable the longstanding trusted relationships we have built with our innovative life science tenants, who rely on our 24/7, mission-critical laboratory infrastructure to advance their lifesaving work, which cannot be conducted from home."

"We continue to make significant progress in advancing our approach to net zero and are pleased to highlight our decarbonization strategy in our 2022 ESG Report," said Eleni Reed, senior vice president and head of sustainability at Alexandria Real Estate Equities, Inc. "Our strategy, which includes reducing emissions from the operation of our state-of-the-art facilities through electrification, energy efficiency and renewable electricity, is closely aligned with the sustainability goals of many of our innovative tenants. Notably, Alexandria's highly sustainable laboratory developments for Eli Lily and Moderna in our Greater Boston market showcase our proactive approach to reducing emissions." 

The company's report details its efforts to advance impactful ESG programs, including its approach to net zero by developing an innovative greenhouse gas emissions mitigation strategy and advancing climate resilience in its life science real estate portfolio. The report also spotlights Alexandria's leadership in catalyzing the health, wellness, safety and productivity of its employees, tenants, local communities and the world through the built environment and beyond, including through its pioneering social responsibility initiatives and its commitment to upholding the highest levels of transparency, integrity and accountability. Notable efforts and accomplishments presented in the report include:

• Being recognized by GRESB as a Regional and Global Sector Leader in the Science & Technology sector for outstanding ESG integration in its value-creation development projects; ranking #2 in the Diversified Listed sector for its mission-critical operating assets; and receiving its fifth consecutive "A" disclosure score for transparency around its practices and performance. Alexandria has earned "Green Star" recognitions in the operating asset benchmark for six consecutive years and in the development benchmark for three consecutive years since its 2020 launch;
• Ranking #5 in Barron's publication of the "10 Real Estate Companies That Are Both Greener and More Profitable";
• Receiving an ESG Rating of "A" from MSCI for the second consecutive year;
• Ranking in the top 10% in ISS environment and social scores and top 10% for its S&P Global ESG scores and increasing its CDP score to "B," putting the company in the top 10% of environmental disclosure and performance scores among FTSE Nareit All REITs Index companies;
• Increasing its investment in renewable electricity to mitigate emissions in its existing asset base, including through a large-scale solar power purchase agreement that will supply renewable electricity to its Greater Boston region starting in 2024;
• Pursuing Zero Energy certifications for two projects: 325 Binney Street, which is targeting LEED Zero Energy and is designed to be the most sustainable laboratory building in Cambridge, and 685 Gateway Boulevard, which is designated as Zero Energy Ready and is on track to achieve ILFI Zero Energy certification;
• Having 88 LEED projects certified or in progress in its asset base, representing a 7% increase compared to 2021;
• Ranking in the top 5 issuers of green bonds among S&P 500 REITs, with $3.2 billion issued since 2018, proceeds from which continue to be allocated to projects that have achieved or are targeting LEED Gold or Platinum certification;
• Having 55 projects that have achieved or are targeting healthy building certifications, putting the company on track to meet its 2025 goal of 50 healthy building certifications;
• Being named one of Newsweek's Most Trustworthy Companies in America in 2023, one of only six S&P 500 REITs recognized in the Real Estate & Housing category;
• Donating mission-critical funds to over 290 non-profit organizations, as well as volunteering over 1,000 hours through Operation CARE, the company's employee social impact program; and
• Earning its eighth Nareit Investor CARE Award in the Large Cap Equity REIT category for superior shareholder communications and reporting, highlighting Alexandria's best-in-class operational transparency and reporting practices.

Alexandria's 2022 ESG Report obtained third-party limited assurance from DNV Business Assurance USA, Inc. (DNV) and was developed in accordance with the Standards of the Global Reporting Initiative (GRI). Learn more about the company's comprehensive ESG approach and its progress on key initiatives in its 2022 ESG Report, which is available on the ESG page of the company's website.

View Alexandria Real Estate Equities >>