NEW
YORK, May 13, 2024 /PRNewswire/ -- W. P. Carey
(W. P. Carey, NYSE: WPC), a leading net lease REIT
specializing in corporate sale-leasebacks, build-to-suits and the
acquisition of single-tenant net lease properties, today announced
the release of its 2023 Environmental, Social and Governance (ESG)
Report. Prepared in reference to disclosure standards established
by the Task Force on Climate-Related Financial Disclosures
(TCFD) and Global Reporting Initiative (GRI), the report
summarizes W. P. Carey's progress and achievements across a
range of initiatives including sustainability, social
responsibility and corporate governance. It can be viewed and
downloaded from W. P. Carey's website at
www.wpcarey.com/esg-report.
Notable ESG achievements include:
- Increased enrollment of tenants in electricity usage data
reporting to more than 50% as a percentage of both annualized
base rent and square footage.
- Published like-for-like Scope 1 and 2 emissions data for the
first time, further enhancing W. P. Carey's disclosures.
- Achieved Green Lease Leader Gold level recognition for the
third consecutive year. In 2023, W. P. Carey executed 45 green
leases totaling 13.8 million square feet of assets. In addition,
approximately 82% of W. P. Carey's 2023 investment volume comprised
leases with green lease provisions.
- Certified as a Great Place to Work® in the U.S. for
the second consecutive year, demonstrating W. P. Carey's
ongoing commitment to creating a positive employee experience and
culture.
- Recognized by the American Heart Association at the Silver
level of achievement on the Well-being Works Better Scorecard™,
which acknowledges companies that have implemented quality
workforce health and well-being programs.
- Communicated ESG objectives via W. P. Carey's ESG Policy
Statement, formalizing the company's commitment to responsible
business practices in the areas of environmental stewardship,
social responsibility and governance.
- Maintained an Institutional Shareholder Services (ISS)
QualityScore Governance Rating of "1", the highest possible
rating.
Jason Fox, Chief Executive
Officer, W. P. Carey said:
"Thanks to our team's dedication and cross-departmental
collaboration, we made significant progress on many of our ESG
goals during 2023, while also advancing both the scope and
transparency of our strategy. Driven by our longstanding commitment
to Doing Good While Doing Well, we see corporate
responsibility as a core component of our business and continue to
identify and pursue opportunities that have a meaningful
impact."
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a
well-diversified portfolio of high-quality, operationally critical
commercial real estate, which includes 1,282 net lease properties
covering approximately 168 million square feet and a portfolio of
89 self-storage operating properties as of March 31, 2024. With offices in New York, London, Amsterdam and Dallas, the company remains focused on
investing primarily in single-tenant, industrial, warehouse and
retail properties located in the U.S. and Northern and Western Europe, under long-term net leases
with built-in rent escalations.
www.wpcarey.com
This press release may contain forward-looking statements
within the meaning of U.S. Federal securities laws. A number of
factors could cause W. P. Carey's actual results, performance or
achievement to differ materially from those
anticipated. Other unknown or unpredictable risks or
uncertainties, like the risks related to fluctuating interest
rates, the impact of inflation on our tenants and us, the effects
of pandemics and global outbreaks of contagious diseases, and
domestic or geopolitical crises, such as terrorism, military
conflict, war or the perception that hostilities may be imminent,
political instability or civil unrest, or other conflict, and those
additional risk factors discussed in reports that we have filed
with the Securities and Exchange Commission (SEC),
could also have material adverse effects on our future results,
performance or achievements. Discussions of some of these other
important factors and assumptions are contained in W. P. Carey's
filings with the SEC and are available at the SEC's website
at http://www.sec.gov, including Part I, Item
1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K
for the fiscal year ended December
31, 2023.
Institutional Investors:
Peter
Sands
1 (212) 492-1110
institutionalir@wpcarey.com
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com
Press Contact:
Anna
McGrath
1 (212) 492-1166
amcgrath@wpcarey.com
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SOURCE W. P. Carey Inc.