Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility & Human Capital Development
• Corporate Governance & Ethical Business Practices

Environmental Achievements

• Implemented Getty Green Loans program to provide low-cost loans to tenants for environmental and sustainability projects.
• Many tenants completed environmental projects including LED lighting upgrades, energy-efficient HVAC, and EV charging stations.
• Reimbursed tenants over $8.9 million for underground storage tank system upgrades at over 110 properties.
• Decreased known environmental reserve by 79% since Q4 2012 and received over 400 No Further Action (NFA) spill closures.

Social Achievements

• Implemented a permanent hybrid work schedule.
• Launched Getty Gives program for volunteerism and charitable contributions.
• Implemented pro bono legal services program.
• Prioritized employee safety, health, and security during the COVID-19 pandemic.

Governance Achievements

• Delegated ESG oversight to the Nominating & Corporate Governance Committee.
• Enhanced Board diversity (gender and racial/ethnic).
• Changed bylaws to allow stockholder authority to amend bylaws.
• Opted out of applicable provisions of the Maryland Unsolicited Takeover Act (MUTA).

Climate Goals & Targets

Environmental Challenges

• Tenants control the environmental impact of their operations at Getty's properties due to the triple-net lease structure.

Mitigation Strategies

• Getty Green Loans program incentivizes tenants to prioritize green projects.
• Acquisition due diligence includes thorough environmental review and analysis.
• Leases require tenants to comply with environmental laws and regulations and have environmental insurance.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

Environmental Metrics

ESG Focus Areas

• Environmental Compliance
• Tenant Sustainability Impacts
• Employee Health and Wellness
• Employee Diversity, Equity and Inclusion
• Employee Training and Development
• Talent Attraction and Retention
• Business Ethics, Compliance and Risk Management
• Board Composition and Structure
• Internal Audits and Assessments

Environmental Achievements

• Implemented Getty Green Loans program to provide low-cost loans to tenants for environmental and sustainability projects.
• Decreased known environmental reserve by 80% over the last decade.
• Received more than 430 No Further Action (NFA) spill closures from state regulatory agencies over the last decade.

Social Achievements

• Launched Getty Gives program, including corporate donations, employee matching, and volunteer days.
• Created an internal Culture Committee to enhance company culture and foster employee engagement.
• Developed Getty’s “Rules of the Road” to guide employee development and company growth.

Governance Achievements

• Increased gender and ethnic diversity on the Board of Directors.
• Conducted a cybersecurity risk assessment and identified areas for improvement.
• Delegated oversight of ESG efforts to the Nominating/Corporate Governance Committee and risk management to the Audit Committee.

Climate Goals & Targets

Environmental Challenges

• Understanding tenants' sustainability measures and initiatives.
• Identifying potential ESG opportunities to support the business and tenants' businesses.
• Addressing cybersecurity risks and improving capabilities.

Mitigation Strategies

• Conducted a formal Tenant Outreach Survey.
• Implemented Getty Green Loans program.
• Engaged IGI Cybersecurity to perform a cybersecurity risk assessment and developed a plan for improvement.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Environmental Metrics

ESG Focus Areas

• Climate Change
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Completed a Climate Risk Assessment using the FEMA National Risk Index (NRI) to identify physical risks.
• Completed an evaluation of estimated Scope 3 Category 13 GHG emissions (electricity and natural gas) using the CBECS model, resulting in an estimate of 48,464 MTCO2e.
• Implemented a Getty Green Loans program to provide low-cost loans to tenants for environmental and sustainability projects (though no loans were outstanding in 2023).

Social Achievements

• Launched and expanded the Getty Gives campaign, including corporate donations, employee matching, volunteer days, and pro bono legal services.
• Maintained a hybrid work policy, offering flexibility to employees.
• Implemented a Culture Committee to enhance employee engagement.

Governance Achievements

• Adopted a clawback policy.
• Amended the Company Securities Trading Policy to comply with SEC amendments to Rule 10b5-1.
• Amended and restated bylaws to comply with universal proxy rules.

Climate Goals & Targets

Environmental Challenges

• Limited direct control over the environmental impact of tenant operations due to triple-net leases.
• Lack of access to actual utility data to accurately measure Scope 3 Category 13 emissions.
• Potential climate-related physical risks to properties.

Mitigation Strategies

• Diversification of portfolio across 40 states to mitigate climate-related risks.
• Requiring tenants to have comprehensive environmental insurance.
• Incorporating climate-related risk index into acquisition due diligence.
• Annual tenant outreach surveys to understand tenant sustainability initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Coastal flooding
• Cold wave
• Drought
• Heat wave
• Hurricane
• Riverine flooding
• Tornado
• Wildfire
• Winter weather

Reporting Standards

Frameworks Used: SASB, TCFD