Climate Change Data

Essential Properties Realty Trust, Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:32 mtCO2e (Scope 2)
Scope 1 Emissions:0 mtCO2e
Scope 2 Emissions:32 mtCO2e
Total Energy Consumption:approximately 106,000 kWh
Water Consumption:approximately 145,000 gallons

ESG Focus Areas

  • Governance
  • Environmental
  • Social

Environmental Achievements

  • 98% of new property investments in 2023 are subject to EPRT Green Lease (an 18% increase from 2022)
  • Completed first project execution with Budderfly (energy efficiency partnership)
  • Added new tenants to Sustainability Partnership in Quick Service Restaurant and Casual Dining industries
  • Company headquarters and Jersey City office are ENERGY STAR certified, using 35% less energy and generating 35% fewer greenhouse gas emissions.

Social Achievements

  • Opened a second office location in Jersey City, New Jersey
  • Committed to implementing a family leave policy effective in 2024
  • 50% of internal management-level promotions in 2023 were to female employees
  • All employees participate in EPRT’s equity incentive program, making them stockholders.

Governance Achievements

  • Named a ‘Champion of Board Diversity’ by the Forum of Executive Women for the fourth year in a row
  • 2023 Silver Winner of Nareit’s Investor CARE Award
  • Recognized with The Executive Women of New Jersey’s (EWNJ) 2023 Corporate Board Gender Diversity Award
  • Zero incidents of corruption, bribery, or other unethical behavior in 2023
  • Updated Code of Business Conduct and Ethics, Whistleblower Protection, Insider Trading and Confidentiality Policy, Human Rights Policy, and Vendor Code of Conduct in 2023
  • Adopted executive compensation ‘clawback’ policy in 2022

Climate Goals & Targets

Environmental Challenges

  • Reducing the carbon footprint of the portfolio, including Scope 3 emissions.
  • Managing climate risks that may be mitigated by sustainability initiatives.
Mitigation Strategies
  • Implementing sustainability upgrades and enhancing portfolio's environmental responsibility.
  • Partnering with Budderfly to deploy sustainability upgrades at properties, providing operational savings and potential customer attraction opportunities for tenants.
  • Using Green Lease to gain contractual right to make sustainability improvements and visibility into tenants’ water and utility usage.
  • Investing in resources and capital to address cybersecurity risk management.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD

Awards & Recognition

  • Champion of Board Diversity (Forum of Executive Women)
  • Nareit’s Investor CARE Award
  • Executive Women of New Jersey’s Corporate Board Gender Diversity Award