Climate Change Data

Capital Senior Living Corporation

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Maintained focus on employee well-being during the COVID-19 pandemic; more than 6,000 employees diligently cared for residents.
  • Completed first and second rounds of COVID-19 vaccinations at 100% of communities by March 2021, fully vaccinating nearly 90% of residents.

Governance Achievements

  • Successfully exited all triple net leases, reducing debt by $216.3 million and improving annual cash flow by approximately $10 million.
  • Completed the sale of a senior living community, providing $6.4 million in net cash proceeds.
  • Reached agreements for rent reductions and early terminations of all Triple-Net (NNN) lease agreements, improving annual cash flow by approximately $22 million and reducing lease-related liabilities by approximately $264.4 million.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 pandemic significantly impacted occupancy, revenues, expenses, and operating results.
  • Substantial doubt about the ability to continue as a going concern due to the impact of COVID-19 on financial position and debt maturities.
  • Staffing shortages across the industry.
  • High labor costs.
Mitigation Strategies
  • Implemented enhanced infection control protocols and provided enhanced care for residents.
  • Incurred approximately $9.4 million in incremental COVID-19 costs.
  • Reduced spending on non-essential items.
  • Accepted $8.1 million in CARES Act Phase 2 Provider Relief funds and an additional $8.7 million in Phase 3.
  • Implemented cost-cutting, efficiency, and profitability initiatives.
  • Disposed of underperforming assets.
  • Reduced short-term and long-term debt and lease leverage.
  • Increased ownership in the consolidated community portfolio.
  • Closed a financing transaction raising $154.8 million to address liquidity needs.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed