Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability

Environmental Achievements

• Completed three solar panel installations with plans for eight more by 2021, totaling approximately 23 megawatts of solar arrays by the end of 2020.
• Converted 20% of rooftops to reflective roofing since 2015, with expectation of over 46% by the end of 2020.
• Converted more than 8.5 million square feet of lighting systems to LED since 2016, with efficient lighting in over 87% of the portfolio.

Social Achievements

• Not disclosed

Governance Achievements

• Established a Corporate Responsibility Committee to adopt and implement corporate responsibility policies and practices, overseen by the Nominating and Corporate Governance Committee.

Climate Goals & Targets

Environmental Challenges

• Tenants have operational control of most properties under triple-net leases, limiting direct control over environmental practices.
• Managing environmental risks and opportunities across a large portfolio of properties.

Mitigation Strategies

• Collaborating with tenants on sustainable strategies and implementing environmentally-focused property practices.
• Employing responsible investing practices and conducting Environmental Site Assessments during due diligence for property acquisitions.
• Utilizing lease provisions that incentivize tenants to adopt energy-efficient practices.

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

• Green Lease Leaders Award (Silver Level in 2019, Gold Level in 2020)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved operational carbon neutrality in 2021 through energy efficiency, optimization, and on-site renewables.
• Installed LED lighting across more than 17 million square feet of buildings since 2015.
• Completed the country’s largest community rooftop solar installation (9.2 MW) in Hampstead, Maryland.

Social Achievements

• Established the STAG Charitable Action Fund in 2020, providing multiyear financial support to seven Boston-based nonprofits.
• Maintained a low employee attrition rate with an average employee tenure of 6.37 years.
• Consistently conducts employee and tenant surveys to gather feedback and improve engagement.

Governance Achievements

• Expanded Board diversity in 2018 and 2020, with women and minorities now representing 33% of the board.
• Maintained an ISS QualityScore for governance of 2 out of 10 in 2020.
• General Counsel named to the Modern Governance 100 list.

Climate Goals & Targets

Environmental Challenges

• Managing scope 3 emissions (primarily from tenants' energy use).

Mitigation Strategies

• Building a framework to measure and reduce scope 3 emissions.
• Engaging tenants through data sharing and collaboration using the U.S. EPA’s ENERGY STAR Portfolio Manager platform.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Vendor Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRESB

Certifications: LEED, ENERGY STAR

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Gold Green Lease Leader (2020)
• GRESB Public Disclosure Level of “B” (2020 and 2021)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Resilience

Environmental Achievements

• Over 30 megawatts (MW) of photovoltaic power in portfolio (though not directly offsetting building energy use)

Social Achievements

• Commitment to fair wages and a diverse, inclusive workplace
• Focus on employee safety and wellbeing initiatives
• Community engagement through charitable action program

Governance Achievements

• Establishment of Corporate Responsibility Committee and oversight by Nominating and Corporate Governance Committee
• Compliance with US Foreign Corrupt Practices Act
• Code of Conduct and Ethics and Human Rights Policy

Climate Goals & Targets

Environmental Challenges

• Significant portion of GHG emissions from tenant-controlled electricity usage
• Climate-related physical and transitional risks
• Managing water consumption across large portfolio

Mitigation Strategies

• Engagement with tenants to improve energy efficiency and GHG emissions
• Regular climate risk assessments and resilience program development
• Monitoring water consumption at corporate offices and supporting tenant water conservation efforts

Supply Chain Management

Responsible Procurement

• Using sustainability-certified and low environmental impact materials

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Costs of transitioning to a low-carbon economy
• Fines for not meeting building performance legislation
• Loss of market share due to changing consumer demand
• Costs associated with nascent low-carbon technologies

Opportunities

• Renewable energy opportunities

Reporting Standards

Frameworks Used: UN Global Compact