Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced greenhouse gas pollution from buildings by 4.7% in 2015 and 2016 (more than twice the global GRESB average of 2.2%).
• Targeted and delivered a minimum certification of LEED® Gold on all new ground-up construction projects, with approximately 49% of total annual rental revenue from LEED-certified projects upon completion of 12 projects in progress as of December 31, 2017.
• Implemented cutting-edge water conservation technologies (greywater systems, steam condensate capture, waste management, recycling, and composting programs).

Social Achievements

• Achieved the top score of all U.S. companies in the GRESB Health & Well-being Module.
• Became the first and only REIT to be named First-in-Class Fitwel Champion and the first company of any kind to receive 3 Star Fitwel certifications for promoting the highest levels of occupant health at buildings in operation.
• Pursued the world’s first WELL certification (earned Gold Certification in November 2017) for a newly constructed laboratory space at Alexandria LaunchLabs®.

Governance Achievements

• Earned a prestigious Green Star designation from the Global Real Estate Sustainability Benchmark (GRESB).
• Received Nareit’s 2017 Leader in the Light Sustainability Award in the “Most Innovative” category.
• Three-time recognition from Nareit with the Investor Communications & Reporting Excellence (CARE) Gold Award.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Sea-level rise, more powerful storms, and extreme drought

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: LEED, Fitwel, WELL

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• GRESB Green Star
• Nareit’s 2017 Leader in the Light Sustainability Award
• Nareit’s Investor CARE Gold Award (2015, 2016, 2018)
• California’s Governor’s Environmental and Economic Leadership Award (GEELA)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced like-for-like energy consumption by 2.4% and carbon pollution by 2.0% from 2017 to 2018 (14.5% total reduction since 2015)
• Achieved two LEED Platinum certifications and met the target for LEED Gold or Platinum certification on all new ground-up developments delivered in 2018
• Issued a $450 million green bond in June 2018 for LEED-certified projects

Social Achievements

• Provided mission-critical funds to over 250 non-profit organizations
• Alexandria team members volunteered over 2,600 hours through Operation CARE
• Initiated a mission-critical project with Verily Life Sciences to build a tech-enabled rehabilitation campus in Dayton, Ohio, for opioid addiction treatment

Governance Achievements

• Earned Nareit Gold Investor CARE Award for superior shareholder communications and reporting
• Achieved an “A” disclosure score from GRESB for public disclosures related to ESG performance
• Recognized as the #1 real estate company in the world in GRESB’s 2018 Health & Well-being Module and received the inaugural Best in Building Health Company Award from Fitwel

Climate Goals & Targets

Environmental Challenges

• Long-term effects of climate change could have material impacts on properties

Mitigation Strategies

• Proactive environmental risk management program including property insurance against extreme weather events
• Framework for managing climate risk by modeling near-, medium-, and long-term effects of climate change
• Evaluation of U.S. portfolio for exposure to sea level rise, heavy rain, drought, extreme heat, and wildfire
• Identifying opportunities to protect assets at existing buildings
• Incorporating climate change considerations into design, construction, and operations of new projects
• Procuring products with Environmental Product Declarations and using the EC3 tool to reduce embodied carbon

Supply Chain Management

Responsible Procurement

• Procuring products with Environmental Product Declarations

Climate-Related Risks & Opportunities

Physical Risks

• Sea level rise
• Increases in heavy rain
• Drought
• Extreme heat
• Wildfire

Transition Risks

• Tenant preferences for green buildings
• City policies regarding energy efficiency and carbon pricing

Reporting Standards

Frameworks Used: GRI

Awards & Recognition

• GRESB Green Star
• Nareit Gold Investor CARE Award
• GRESB Health & Well-being Module top score
• Fitwel Best in Building Health Company Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health & Wellness
• Diversity & Inclusion
• Community Engagement
• Corporate Governance

Environmental Achievements

• Achieved a GRESB 5-Star rating.
• Reduced like-for-like energy consumption by 3.5% and carbon pollution by 3.4% from 2018 to 2019.
• Total carbon pollution reduction since 2015: 17.9%
• Achieved seven LEED Gold certifications.
• Issued $1 billion in green bonds.
• First REIT to use the Embodied Carbon in Construction Calculator (EC3) tool.

Social Achievements

• Donated over 54,000 pieces of PPE to hospitals and other entities.
• Donated over $700,000 to national and regional relief funds.
• Opened Alexandria Center for AgTech – Research Triangle.
• Partnered with Verily on OneFifteen, a comprehensive care model for opioid addiction.
• Provided mission-critical funds to over 250 non-profit organizations.
• Alexandria team members volunteered over 4,500 hours.

Governance Achievements

• Received Nareit Gold Investor CARE Award for best-in-class transparency and reporting.
• Completed an ESG materiality assessment.
• Integrated sustainability into management and operations through a Sustainability Committee chaired by Co-CEOs.

Climate Goals & Targets

Environmental Challenges

• Potential exposure to climate-related risks (sea level rise, heavy rain, drought, extreme heat, wildfire).
• Transition risks related to evolving regulations on energy efficiency, utility rates, and carbon pricing.
• Addressing the opioid epidemic.

Mitigation Strategies

• Property insurance to mitigate risk of losses from extreme weather events.
• Climate change evaluations for asset base, developments, and redevelopments.
• 2025 sustainability goals for buildings in operation and new construction.
• Partnership with Verily on OneFifteen to address opioid addiction.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Sea level rise
• Heavy rain
• Drought
• Extreme heat
• Wildfire

Transition Risks

• Regulations on energy efficiency, utility rates, and carbon pricing.

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Core, TCFD

Certifications: LEED, Fitwel, WELL

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• GRESB 5-Star rating
• Nareit Gold Investor CARE Award
• Fitwel Impact Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health and Wellness
• Community Engagement
• Diversity and Inclusion
• Corporate Governance

Environmental Achievements

• Reduced like-for-like energy use and carbon emissions by 1.7% each from 2019 to 2020, bringing total carbon emissions reduction to 19.6% relative to a 2015 baseline.
• Achieved a 38.5% waste diversion rate in 2020.
• 78 LEED projects, totaling over 13 million RSF, certified or in progress.
• Issued an additional green bond in February 2021, bringing total issuances to $1.9 billion.
• 685 Gateway Boulevard on pace to achieve Zero Energy Certification.

Social Achievements

• Maintained continuous 24/7 operations across campuses, enabling ~100 tenants to pursue COVID-19-related work.
• Donated over 54,000 pieces of PPE and $1 million+ to COVID-19 relief funds.
• Provided mission-critical funds to over 340 non-profit organizations.
• Alexandria team members volunteered over 2,400 hours through Operation CARE.
• Achieved Fitwel Viral Response Certification with Distinction and the world’s first WELL Health-Safety Rating for laboratory space.

Governance Achievements

• Received Nareit Gold Investor CARE Award for superior shareholder communications and reporting.
• Implemented strict discrimination and harassment policies.
• Multifaceted approach to cybersecurity awareness resulted in reduced phishing susceptibility and increased correct reporting of phishing attacks.

Climate Goals & Targets

Environmental Challenges

• Climate-related risks (extreme weather, sea level rise, rising temperatures)
• Transition risks (regulatory changes, market shifts towards sustainability)
• Supply chain disruptions (not explicitly stated, but implied by business continuity efforts)

Mitigation Strategies

• Climate change assessments aligned with TCFD methodology.
• Property insurance to mitigate losses from extreme weather events.
• Resilient building design incorporating climate projections.
• Long-term strategy and plan for zero-carbon transition.
• Engagement in city-run working groups to shape future government policies.
• Strong relationships with key contractors and providers of critical supply chain materials and services.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Seeking products with Environmental Product Declarations (EPDs) to reduce embodied carbon.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Droughts
• Wildfires
• Sea level rise
• Rising temperatures

Transition Risks

• Regulatory changes
• Market shifts towards sustainability
• Escalating energy efficiency policies and regulations
• Utility rates
• Carbon pollution pricing

Opportunities

• Development of energy-efficient products
• Investing in sustainable agrifoodtech

Reporting Standards

Frameworks Used: GRI

Certifications: LEED, Fitwel, WELL

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient buildings
• Sustainable agrifoodtech investments

Awards & Recognition

• #1 real estate company in the world in the GRESB Science & Technology sector
• #1 global ranking and 5-Star rating in GRESB's Diversified Listed Peer Group
• #3 most sustainable REIT in Barron’s
• Nareit Gold Investor CARE Award
• Fitwel Viral Response Certification with Distinction
• WELL Health-Safety Rating for laboratory space

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Human Health and Well-being
• Workforce Diversity
• Community Engagement

Environmental Achievements

• Achieved or targeted LEED Gold or Platinum certification for all green bond-funded projects.
• Avoided 65,635 MTCO2e in carbon emissions (total across all projects, Alexandria's share is 10,620 MTCO2e)
• Saved 11,030,022 gallons of water (total across all projects, Alexandria's share is 2,038,656 gallons)
• Saved 301,088,963 kBtu of energy (total across all projects, Alexandria's share is 48,724,909 kBtu)

Social Achievements

• Received Fitwel Best in Building Health Awards for three consecutive years.
• Received Fitwel’s inaugural Industry Leading Company Award.
• Earned back-to-back Fitwel Impact Awards for the highest-scoring project of all time.
• Focus on promoting tenant and employee health, well-being, and productivity.

Governance Achievements

• Green bonds align with Green Bond Principles, as administered by the ICMA.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Green Bond Principles (ICMA), LEED (USGBC)

Certifications: LEED Gold and Platinum

Awards & Recognition

• Fitwel Best in Building Health Awards (3 years)
• Fitwel’s inaugural Industry Leading Company Award
• Fitwel Impact Awards (2 years)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Human Health and Well-being
• Workforce Diversity
• Community Engagement

Environmental Achievements

• Achieved or targeted LEED Gold or Platinum certification for all green bond-funded projects.
• Significant energy, carbon emissions, and water savings across multiple projects (quantified in the report).

Social Achievements

• Industry leader in incorporating wellness features into building design and operations.
• Focus on tenant and employee health, well-being, and productivity.
• Receipt of Fitwel Best in Building Health Awards three years in a row, Fitwel’s inaugural Industry Leading Company Award, and back-to-back Fitwel Impact Awards.

Governance Achievements

• Alignment of green bonds with Green Bond Principles, as administered by the ICMA.
• Independent accountant's report verifying allocation of green bond proceeds.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Green Bond Principles (ICMA)

Certifications: LEED (USGBC)

Third-party Assurance: Independent accountants' report

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Fitwel Best in Building Health Awards (three years)
• Fitwel’s inaugural Industry Leading Company Award
• Fitwel Impact Awards (two years)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity and Natural Habitats
• Responsible Management of Waste and Water
• Sustainable and Green Building Design and Operations
• Health, Safety, and Well-being
• Diversity, Inclusion, and Equal Opportunity
• Talent Attraction, Retention, and Employee Development
• Labor Practices and Human Rights
• Tenant Satisfaction and Engagement
• Community Engagement and Philanthropy
• Leadership in Corporate Responsibility
• Sustainable Procurement and Supply Chain
• Cybersecurity and IT Risk

Environmental Achievements

• Reduced operational emissions per RSF (emissions intensity) by 17% from 2021 to 2023.
• Outperformed a science-based emissions reduction pathway in 2021, 2022, and 2023.
• Completed a large-scale solar farm supplying 100% of Greater Boston region's electricity load for Alexandria-paid accounts.
• Achieved a 33% reduction in embodied carbon intensity at 751 Gateway Boulevard through procurement of low-carbon materials.
• 94 LEED projects certified or in progress, representing 50% of annual rental revenue.
• Achieved BOMA 360 certifications for 11 operating assets.

Social Achievements

• Low voluntary and total employee turnover rates (4.1% and 8.3% respectively) over the last five years.
• Named one of Newsweek’s Most Trustworthy Companies in America for two consecutive years.
• Provided mission-critical support to over 300 non-profits; Alexandria team members volunteered over 1,700 hours.
• Achieved My Green Lab Certification at the Green level for Alexandria LaunchLabs® sites in NYC and at Columbia University.
• Opened the Navy SEAL Foundation’s Warrior Fitness Program West Coast facility in San Diego.

Governance Achievements

• Earned seventh Gold and eighth overall Nareit Investor CARE Award for superior communications and reporting.
• Received sixth consecutive GRESB “A” disclosure score with a perfect score of 100 and #1 ranking for transparency.

Climate Goals & Targets

Environmental Challenges

• Limited availability of cost-effective, low-carbon construction materials with product-specific EPDs.
• Potential physical risks associated with climate change (severe weather, flooding, wildfires).
• Climate-related transition risks (regulatory changes, market shifts).

Mitigation Strategies

• Engaging with general contractors and design teams to procure low-carbon materials.
• Conducting embodied carbon assessments and optimizing whole-building designs.
• Implementing resilient design guidelines to mitigate potential exposures to future climate conditions.
• Maintaining all-risk property insurance.
• Incorporating electrification and alternative energy sources (geothermal, wastewater heat recovery) in development projects.
• Advancing renewable electricity strategy through PPAs and local utility programs.

Supply Chain Management

Responsible Procurement

• Engaging with general contractors and design teams to source low-carbon materials.
• Requiring suppliers to comply with Vendor Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather
• Coastal flooding
• Wildfires

Transition Risks

• Regulatory changes
• Increased capital expenditures
• Stricter requirements for building materials

Opportunities

• Deepening tenant relationships by aligning sustainability goals.
• Reducing emissions through electrification and alternative energy.

Reporting Standards

Frameworks Used: GRI Standards, TCFD

Certifications: LEED, Fitwel, WELL, BOMA 360, My Green Lab

Third-party Assurance: DNV Business Assurance USA, Inc.

Sustainable Products & Innovation

• All-electric buildings
• Geothermal energy systems
• Wastewater heat recovery systems

Awards & Recognition

• Newsweek’s Most Trustworthy Companies in America
• GRESB 4-Star Ratings
• Nareit Investor CARE Award
• Cambridge Chamber of Commerce’s Visionary Award
• AIA California Design Award for Climate Action
• Puget Sound Business Journal’s Environmental and Sustainability Awards
• Seattle 2030 District’s Vision Award for Energy