Healthcare Realty Trust Releases Fifth Annual Corporate Responsibility Report Highlighting ESG Achievements
Healthcare Realty Trust Incorporated, a leading real estate investment trust (REIT) specializing in medical outpatient buildings, has recently published its fifth annual Corporate Responsibility Report. The report showcases the company’s significant environmental, social, and governance (ESG) initiatives and accomplishments throughout 2022.
In line with the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB), Healthcare Realty Trust’s report provides insights into the company’s progress towards key performance indicators, environmental performance, and disclosures.
One of the notable achievements highlighted in the report is the company’s improved Global Real Estate Sustainability Benchmark (GRESB) rating. In 2023, Healthcare Realty Trust received a rating of 75, a remarkable 29% increase over the weighted average of the two companies’ independent scores prior to the merger with Healthcare Trust of America in July 2022. Additionally, the company achieved 69% utility data coverage for the combined portfolio, a significant improvement compared to the 40% coverage prior to the merger.
Before the merger, Healthcare Realty Trust was awarded GRESB’s 4 Green Star rating with a score of 80, based on utility data for 89% of its pre-merger portfolio. In contrast, Healthcare Trust of America received GRESB’s 1 Green Star rating of 42, with only 12% utility data coverage. This demonstrates the positive impact of the merger on Healthcare Realty Trust’s ESG performance.
Todd Meredith, President and Chief Executive Officer of Healthcare Realty Trust, expressed satisfaction with the company’s progress on ESG initiatives, particularly during the merger process. He emphasized the focus on enhanced data collection and data integrity in 2023, aiming to establish new baselines for environmental targets and further improve across the expanded portfolio.
Healthcare Realty Trust’s 2023 Corporate Responsibility Report provides comprehensive data for properties under the company’s operational control, where it has authority over investment decisions, and where whole-building utility data was available for 2021 and 2022.
For more information about Healthcare Realty Trust’s ESG performance and policies, the report can be accessed on the company’s website at www.healthcarerealty.com/responsibility.
About Healthcare Realty Trust:
Healthcare Realty Trust Incorporated (NYSE:HR) is a leading REIT that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. With a portfolio of over 700 properties totaling more than 40 million square feet, the company focuses on selective growth through property acquisition and development. Healthcare Realty Trust’s presence spans 15 growth markets, making it the largest and first REIT to specialize in medical outpatient buildings.