Ventas Publishes Fifth Annual Corporate Sustainability Report
Ventas, Inc. published its fifth annual Corporate Sustainability Report (CSR), highlighting the company's dedication to and advancement of its outstanding environmental, social, and governance (ESG) programme.
Ventas Chairman and Chief Executive Officer Debra A. Cafaro said:
"Building on our long history of industry-leading ESG achievements, we continue to accelerate our activities and commitments and set ambitious goals to drive meaningful change. Our team is committed to further elevating, innovating and intensifying ESG at Ventas to create a better future for all our stakeholders, our industry, our communities, our society and our planet."
The highlights of the CSR report include:
Diversity, Equity & Inclusion: Established a formal DE&I committee to develop and advance measurable goals where the Company can have the greatest impact. To further drive progress, executive compensation is linked to the success of meeting key DE&I goals. The Company has also leveraged its community engagement program and supply chain management to advance DE&I efforts.
Employee Engagement: Increased feedback touch points with its employees through newly launched single-topic pulse surveys in addition to its annual employee engagement survey. This survey data provides actionable real-time feedback and helped inform the Company’s strategy for a safe and healthy workplace return.
Corporate Governance: The individuals who serve on the Ventas Board of Directors represent a broad range of experience, expertise and perspectives. With the appointment of the Company’s newest independent director, the Board will be 50% diverse by gender or ethnicity. Ventas also formalised oversight of ESG and DE&I initiatives under the renamed Nominating, Governance and Corporate Responsibility Committee of the Board.
Sustainable Operations: Earned its second consecutive ENERGY STAR Partner of the Year Award for Energy Management in 2022 and is the leading owner/operator of ENERGY STAR-certified senior housing and medical office buildings.
Climate Change: Joined the ranks of global companies on the forefront of combatting climate change with its commitment to achieving net-zero operational carbon emissions by 2040 and 100% renewable electricity by 2035.
The Corporate Sustainability Report is based on the Global Reporting Initiative (GRI) Sustainability Reporting Framework, which is intended to report on an organisation's economic, environmental, and social impacts using ESG measures.
Additionally, Ventas has added additional climate disclosures consistent with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and the United Nations Sustainable Development Goals (SDGs).
Source: Business Wire