Ventas Commits to Achieve Carbon Neutral Operations by way of 2040

Date – 21/03/2022

Expands On Longstanding Actions Promoting Sustainability Across Operating Portfolio 

Incorporates Operational Enhancements and Accelerated Actions to Achieve Carbon Reduction Targets

Today announced its dedication to reap internet-zero operational carbon emissions through 2040, building upon its longstanding movements and dedication to environmental stewardship. This new pledge exceeds the Company’s current Science-Based Target initiative (SBTi) demonstrated carbon reduction goal, adopted in 2021, to decrease absolute carbon emissions by way of 30% by means of 2030.

The Company’s method to achieve operational carbon neutrality consists of three primary additives, with the intention to be applied within the Office and Senior Housing Operating (“SHOP”) portfolios whose building emissions contain the Company’s operational carbon footprint:

Ventas Commits to Achieve Carbon Neutral Operations
  • Energy Efficiency: Ventas has invested $60 million in energy performance enhancements seeing that 2018 at a fifteen% return on funding. These investments have decreased strength depth in step with square foot by means of extra than five% annually on a identical-shop basis from 2018 to 2020. Ventas expects to keep to invest in energy efficiency at a similar cadence going forward and commits to develop internet-zero carbon-aligned electricity performance goals by way of property type with the aid of 2025.
  • Renewable Energy: Ventas commits to achieve 60% renewable power procurement by using 2030 and a hundred% by using 2035. The Company will discover all possible alternatives for renewable power, which include on-site technology, power buy agreements and other green electricity purchase products.
  • Electrification: Ventas commits to capital investment in deep decarbonization and electrification opportunities thru the deployment of high-performance and/or electric HVAC structures, electric stoves and water heaters, and different technologies.

Any residual emissions that cannot be addressed through those moves may be abated by using buying first-rate carbon offsets. Investments in efficiency, renewables and electrification could be prioritized over offsets to minimize the Company’s gross emissions. 

“Ventas acknowledges the imperative need to take huge actions closer to decarbonization, and is devoted to a well-conceived and carefully done method to reaching operational internet-zero carbon emissions,” said Debra A. Cafaro, Ventas Chairman and Chief Executive Officer. “Our net-0 purpose maintains our management in sustainability and builds on our song report of achievements and commitments thus far, beginning with our ongoing investments in strength performance and our SBTi-tested emissions reduction goal. We trust that these days’s commitment promotes the hobbies of our stakeholders and aligns with our values of fitness and safety for citizens, tenants, care providers and patients.”

Cafaro endured, “We are happy with the method we developed to reap this ambitious goal of net-zero operational emissions by means of 2040, and look ahead to persevered collaboration with our partners and suppliers to sell sustainability and supply lengthy-term advanced results.” 

The Ventas Sustainability crew partners with main Office and Senior Housing operators to put into effect power efficiency measures, power control satisfactory practices including benchmarking, examine renewable electricity possibilities and pursue LEED, IREM and different 1/3-party inexperienced certifications for the Company’s belongings. This collaborative approach enables lead the manner in growing modern and value-powerful solutions to lessen carbon emissions throughout its working portfolio.

Ventas Commits to Achieve Carbon Neutral Operations by 2040

Ventas will keep innovating to fulfill its internet-zero operational commitment for the future, building on its significantly identified leadership in sustainability: 

  • Placed on CDP’s “A List,” which recognizes the top 2% of global agencies scored 
  • Named an Energy Star Partner of the Year for strength control practices 
  • Ranked #1 listed healthcare REIT on GRESB considering that 2017 
  • Received Nareit Leader within the Light for Healthcare for the fifth consecutive 12 months

To increase its sustainability desires at the same time as persevering with to grow, Ventas has a comprehensive ESG assessment process incorporated into due diligence for acquisitions, inclinations, trends and redevelopments and the choice of operators and companions. The Ventas ESG team evaluates every ability business opportunity against 9 ESG classes, presenting selection-makers with a comprehensive document to support the best long-time period investment decisions.

About Ventas 

Ventas Inc., an S&P 500 organization, operates on the intersection of big and dynamic industries – healthcare and real property. Fueled via powerful demographic demand from growth inside the growing older population, Ventas owns a diverse portfolio of over 1,2 hundred residences inside the United States, Canada, and the United Kingdom. Ventas uses the power of its capital to unencumber the fee of senior residing groups; lifestyles science, research & innovation homes; scientific office & outpatient facilities, hospitals and different healthcare actual estate. A globally-recognized actual estate funding accept as true with, Ventas follows a successful long-time period approach, proven over greater than twenty years, built on diversification of belongings types, capital sources and industry leading companions, financial energy and flexibility, consistent and reliable boom and enterprise main ESG achievements, managed through a collaborative and experienced group dedicated to its stakeholders.

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