Federal Realty Investment Trust
Update
06/02/22
Federal Realty Releases 2021 Environmental, Social and Governance Report
Federal Realty Investment Trust (NYSE: FRT) has released its 2021 environmental, social and governance (ESG) report. Featured in the report is Federal's Assembly Row project in Somerville, MA, which demonstrates how investments with positive environmental and social impact can also deliver positive financial results, benefiting all stakeholders. The report also highlights Federal's notable ESG achievements that include:
- Announcing a commitment to achieve net zero for Scopes 1 and 2 emissions by 2050
- Achieving a 39% year-over-year reduction in like-for-like Scope 1 and 2 greenhouse gas emissions through the aggressive use of green power purchasing, accomplishing Federal's reduction target 3 years early
- Achieving LEED Gold certification for the company's One CocoWalk office building at its newly renovated CocoWalk project in Coconut Grove, Florida
- Expanding its sector-leading on-site solar generating capacity to 13.6 MW
- Expanding climate scenario disclosures in accordance with the Taskforce on Climate Related Financial Disclosures
To learn more about Federal's ESG efforts and to view the full report, please visit www.federalrealty.com/esg.