Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance and Leadership

Environmental Achievements

• Conducted climate-risk assessments for each asset and land/building acquisition, considering 2°C and 1.5°C scenarios.
• Implemented smart technology, LED lighting, and recycling programs across the portfolio.
• Oak Shore development targeting 47% reduction in water use and LEED Gold standards.
• The Hamilton redevelopment incorporated energy-efficient glass, HVAC upgrades, and low-flow fixtures.
• Anschutz Medical Campus developments prioritize energy and water efficiency with native landscaping and ENERGY STAR appliances.

Social Achievements

• Offered 16 weeks of paid parental leave to new mothers and fathers.
• Maintained a longstanding policy of workplace flexibility.
• Achieved a record-high team engagement score of 4.52 out of 5.
• Recognized as a Healthiest Employer in South Florida and Denver.
• Partnered with Camillus House, pledging $1M to workforce development programs.

Governance Achievements

• 70% of Board of Directors appointed within the past 22 months.
• Enhanced financial disclosure and reporting to the Task Force on Climate-Related Financial Disclosures (TCFD).
• Refreshed ESG policies and implemented a new Human Rights Policy.
• Zero occupational injuries, diseases, or fatalities; zero legal or regulatory fines related to bribery, corruption, or anti-competitive standards; no information security breaches in the past 3 years.

Climate Goals & Targets

Environmental Challenges

• Short and medium-term risks: lost business opportunity, regulatory exposure, litigation exposure, reputational risk.
• Long-term risks: physical risk to assets, customer and teammate health and safety.
• Transition risks: increased investment costs due to changing regulations, challenges in accessing capital, increased energy and emissions legislation.

Mitigation Strategies

• Incorporating climate-related risks and opportunities into investment decision-making, underwriting, due diligence, development and redevelopment plans, and the overall investment process.
• Addressing identified climate-related risks in plans for new developments and redevelopments.
• Incorporating climate-related risks into operating budgets and capital plans for operational assets.
• Formulating a mitigation plan based on the results of climate risk assessments (by 2023).

Supply Chain Management

Responsible Procurement

• Sustainable procurement and design practices in Oak Shore development (e.g., non-tropical wood, reused/reclaimed materials, FSC certified wood).

Climate-Related Risks & Opportunities

Physical Risks

• Damage to buildings
• Increased insurance premiums, capital costs, and operating costs
• Business disruption

Transition Risks

• Increased investment and cost in response to changing regulations
• Challenges in accessing capital due to increasing investor concerns about climate change
• Increased energy, emissions, and building performance legislation and policy

Opportunities

• Improved customer experience
• Reduced energy costs
• Develop and own environmentally certified, energy-efficient, and resilient buildings
• Increased asset value
• Attract investors and top talent
• Improved asset liquidity

Reporting Standards

Frameworks Used: TCFD

Awards & Recognition

• Healthiest Employers Awards in South Florida and Denver
• Community Service Award by Multifamily Executive

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance and Leadership

Environmental Achievements

• Implemented smart-home technology, LED lighting, and recycling programs across portfolio
• Conducted climate-risk assessments for each asset using MSCI's Real Estate Climate Value-at-Risk platform
• Strathmore Square development pursuing LEED Gold and Fitwel certifications, projected 26.4% energy cost savings, 42% reduction in potable water use, and 68% construction waste diverted from landfill

Social Achievements

• Record 4.74 out of 5 team engagement score with 100% response rate
• Recognized as a Healthiest Employer, ranking #1 or #2 in target markets
• 90%+ of officer positions filled through internal promotions
• 16 weeks of paid parental leave for new mothers and fathers
• $1M pledge to Camillus House for workforce development programs, plus Aimco teammate volunteer time

Governance Achievements

• Numerous enhancements to corporate charter and bylaws to improve shareholder rights
• Board of Directors with diverse backgrounds and expertise
• Annual “Say on Pay” approved every year since 2011 with a 96% 5-year average support rate
• Zero occupational injuries, diseases, or fatalities; zero legal or regulatory fines for bribery, corruption, or anti-competitive standards; zero employee complaints; no information security breaches in past 3 years

Climate Goals & Targets

Environmental Challenges

• Climate-related risks: lost business opportunity, regulatory exposure, litigation exposure, reputational risk, physical risk to assets, customer and teammate health and safety; transition risks: increased investments and costs to respond to changing regulations, challenges in accessing capital, increased energy, emissions, and building performance legislation
• Physical risks from more frequent and severe weather events: damage to assets, increased insurance premiums, capital costs, and operating costs, business disruption, potential for injury or loss of life

Mitigation Strategies

• Incorporating climate-related risks and opportunities into business, strategy, and financial planning
• Climate risk assessments for all assets and acquisitions using MSCI's platform
• Incorporating climate-related risk mitigation efforts into operating budgets and capital plans
• Developing and owning environmentally certified, energy-efficient, and resilient buildings
• Expanded relationship with Conservice to increase data acquisition for more accurate climate risk assessments

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Damage to assets
• Financial impacts
• Business disruption
• Potential for severe injury or loss of life

Transition Risks

• Increased investments and costs
• Challenges in accessing capital
• Increased energy, emissions, and building performance legislation

Opportunities

• Reduced energy, water, waste and insurance costs
• Developing and owning environmentally certified buildings
• Increased asset values
• Attracting investors and top talent

Reporting Standards

Frameworks Used: TCFD

Certifications: LEED, Fitwel

Awards & Recognition

• Healthiest Employers Awards
• Community Service Award by Multifamily Executive