ESG at W. P. Carey
We are committed to the two core principles that have guided us since our founding in 1973: Investing for the Long Run® and Doing Good While Doing Well®.
By its nature, our work promotes jobs and prosperity. Doing Good While Doing Well means that when we are financing properties for companies, we are also helping the communities those companies serve. It is important to always ask, ‘What is the impact of what we are doing?'
Our ESG Highlights
Environmental
50%+
of tenants as a percentage of square footage enrolled in our electricity usage data reporting program
25%
of our portfolio is under leases that contain green lease provisions as of March 31, 2024
Social
96%
of survey participants believe W. P. Carey is a Great Place to Work®, resulting in our U.S. certification for the second consecutive year
$600K+
donated to charitable organizations in 2023
Governance
6+ Years
of maintaining a "1" QualityScore Governance Rating, the highest level, from Institutional Shareholder Services (ISS)
40%
of Board nominees are women
Our ESG Objectives
Environmental
Implement technology to collect tenant emissions data, identify engagement opportunities and set long-term carbon reduction goals
Proactively engage with tenants and identify property-level sustainability opportunities within our portfolio, which we believe can reduce carbon footprints, support tenants' sustainability goals and also represent attractive investments
Evaluate and target new sustainability-linked investment opportunities, with the goal of growing ABR and portfolio prominence from green-certified buildings
Our ESG Objectives
Social
Prioritize employee engagement, benefits, health and safety, development and opportunity with a focus on retention and recruitment
Strive to create a diverse and inclusive work environment where everyone is welcome, respected, treated fairly and has the resources and opportunities to advance in their careers
Engage with our stakeholders and support the communities in which we work and do business, in accordance with our Carey Forward program
Our ESG Objectives
Governance
Ensure our governance provisions and policies meet best industry practices
Maintain a commitment to managing risk through our enterprise risk management program
Adapt disclosures as frameworks and regulations evolve, under the direction of the Board
Consider diversity in professional and personal experience, gender, race, age, ethnicity and national origin when reviewing independent director nominees for our Board
Awards and Recognitions
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