Climate Change Data

InvenTrust Properties Corp.

Climate Impact & Sustainability Data (2021, 2022, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:14,584 mtCO2e (Scope 2, landlord-controlled common area)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:14,584 mtCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:14,105 MWh (landlord-controlled common area)
Water Consumption:93,453 kgal (landlord-controlled common area)
Waste Generated:5,791 metric tonnes diverted from landfills
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Upgraded common area lighting of 15 shopping centers (approx. 24% of portfolio) to energy-efficient LEDs, resulting in a 55-85% energy consumption reduction per upgrade.
  • Installed smart energy management systems in 84% of the portfolio, aiming for 100% by the end of 2022.
  • Implemented water conservation methods (xeriscaping, drip irrigation, smart controllers) in 44% of properties, saving approximately 21,000 kgal of water cumulatively.
  • Diverted an estimated 5,791 metric tonnes of waste from landfills in 2021.

Social Achievements

  • 97% employee participation in engagement survey, with 81% highly engaged.
  • 100% employee participation in annual ESG, anti-harassment, and DEI training.
  • Over 90% employee participation in charitable events.
  • Implemented half-day Fridays to promote employee well-being and community involvement.

Governance Achievements

  • Participated annually in the GRESB Real Estate Assessment.
  • 100% employee completion of annual Code of Business Conduct and Ethics training and Cybersecurity training.
  • 0 Code of Conduct violations in 2021.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce Scope 2 GHG emissions through on-site renewable energy generation (starting in Southern California, expanding to Texas and Florida).
  • Achieve 30% diversity among Board of Directors.
Short-term Goals:
  • Upgrade all properties with LED lighting in common areas.
  • Install 12 additional EV charging stations by 2022.
  • Implement Energy Management Systems at all properties by the end of 2022.

Environmental Challenges

  • Hurricane exposure for 90% of properties in the Sun Belt.
  • Wildfire risk for West Coast assets.
  • Convective windstorms impacting Colorado and Texas assets.
  • Supply chain disruptions affecting HVAC system installations.
Mitigation Strategies
  • Hurricane Preparation Plan and Business Continuity Plan (BCP) outlining preparation and response methods.
  • BCP for wildfires, including removal of flammable materials and fire monitoring.
  • Third-party alert system and hail-resistant building materials for convective windstorms.
  • Negotiation with Five Below to utilize existing HVAC systems, mitigating supply chain delays.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Partnering with vendors providing energy management systems and sustainable building materials.
  • Utilizing a national trash management company for waste diversion.

Climate-Related Risks & Opportunities

Physical Risks
  • Hurricanes
  • Wildfires
  • Convective windstorms
  • Floods
Transition Risks
  • Policy and Regulatory Risk
  • Market Risk
Opportunities
  • Solar panel installation
  • Water conservation
  • Waste mitigation
  • Recycling programs
  • EV charging stations

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs

Certifications: Green Lease Leader, Silver Level Recognition (2022)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • SDG 3: Good Health and Well-being
  • SDG 4: Quality Education
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 7: Affordable and Clean Energy

InvenTrust's initiatives align with these SDGs through employee well-being programs, training and development, diversity and inclusion efforts, water conservation, and energy efficiency improvements.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Green Lease Leader, Silver Level Recognition (2022)
  • Nine CEL A-List Awards

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2,845 MTCO2e (Scope 2, like-for-like landlord-controlled common area)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:2,845 MTCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:7,849 MWh (like-for-like landlord-controlled common area)
Water Consumption:79,114 kGal (like-for-like landlord-controlled common area)
Waste Generated:8,360 metric tonnes diverted from landfills (like-for-like)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Water Conservation
  • Waste Reduction
  • Diversity, Equity & Inclusion
  • Employee Well-being
  • Community Engagement
  • Corporate Governance
  • Cybersecurity

Environmental Achievements

  • Upgraded landlord-controlled parking lot lighting to energy-efficient LEDs at all properties.
  • 100% of properties have energy management systems installed.
  • All properties assessed for physical climate risk.
  • Doubling the number of EV charging stalls from the previous year.
  • Achieved Green Lease Leader, Silver Level recognition.

Social Achievements

  • Named one of Chicago’s Top Workplaces by the Chicago Tribune.
  • 87% of employees highly engaged (per independent survey).
  • 100% employee participation in charitable events.
  • Rolled out DEI training to all employees.
  • Enhanced hiring process to attract candidates from underrepresented backgrounds.
  • Declared Juneteenth a paid company holiday.

Governance Achievements

  • Added Smita Shah to the Board of Directors, increasing board diversity to 33%.
  • Linked a portion of executive compensation to the achievement of ESG goals.
  • Zero code of conduct violations.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • 25% reduction in like-for-like landlord-controlled common area Scope 2 GHG emissions (2021 baseline year)
  • 25% reduction in like-for-like landlord-controlled common area electricity usage (2021 baseline year)
  • 5% reduction in like-for-like landlord-controlled common area water usage (2021 baseline year)
  • 20% of landlord-controlled waste diverted from landfills
  • 50% of properties have EV charging stations installed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Hurricane exposure (Sun Belt focus).
  • Wildfire risk (West Coast assets).
  • Convective windstorms (Texas assets).
  • Flood risk (4% of GLA in FEMA flood zones).
  • Rising costs of energy and raw materials.
  • Evolving regulations and emissions-reporting obligations.
Mitigation Strategies
  • Hurricane Preparation Plan and Business Continuity Plan.
  • Wildfire preparation plan (removing flammable materials, fire monitoring).
  • Third-party alert system for convective windstorms, hail-resistant building materials.
  • Business Continuity Plan for flood events.
  • Energy, water, and waste reduction initiatives.
  • Monitoring of current and potential regulations.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Partnering with vendors committed to sustainable practices.

Climate-Related Risks & Opportunities

Physical Risks
  • Hurricanes
  • Wildfires
  • Convective windstorms
  • Floods
Transition Risks
  • Policy and regulatory risk
  • Market risk
Opportunities
  • Solar panel deployment
  • Water conservation
  • Waste reduction
  • EV charging stations

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UN SDGs

Certifications: Green Lease Leader, Silver Level

Third-party Assurance: HXE Partners

UN Sustainable Development Goals

  • Goal 3 (Good Health and Well-being)
  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

InvenTrust's initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Green Lease Leader, Silver Level
  • EV Charging Hero

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 100% of properties have energy management systems installed
  • 100% of landlord-controlled common area parking lot lighting upgraded to LEDs
  • 37% reduction in like-for-like landlord-controlled common area Scope 2 greenhouse gas emissions (2021 baseline year)
  • 36% reduction in like-for-like landlord-controlled common area electricity usage (2021 baseline year)
  • 27% reduction in like-for-like landlord-controlled common area water usage (2021 baseline year)
  • 31% of landlord-controlled waste diverted from landfills

Social Achievements

  • InvenTrust was named a “Top Workplace in Chicago” by The Chicago Tribune in 2023
  • 100% of employees participated in a charitable volunteer events and/or fundraiser in 2023
  • 87% annual employee satisfaction rate
  • 83% average overall tenant satisfaction index score

Governance Achievements

  • Participate annually in the GRESB Real Estate Assessment
  • 33% diversity among our Board of Directors

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB

Awards & Recognition

  • Green Lease Leader, Gold Level Recognition