Eco-Age works in close partnership with Welltower, an S&P 500 Real Estate Investment Trust, to develop its strategy to become an international sustainability leader in its sector. The partnership drives business value by aligning Welltower’s operations with the growing expectations of a sustainability-minded investor community.
Since 2014, Eco-Age has produced the Welltower Corporate Social Responsibility Report. Eco-Age also helped Welltower achieve a first-attempt listing, (within 18 months, a time-scale which is normally four to six years), on the Dow Jones Sustainability Index (DJSI). Eco-Age delivered an Eco-Age FuturesTM two-day Sustainability Summit at Welltower’s global headquarters in Ohio. This produced a highly focused corporate strategy and robust management support systems to enhance performance in investor and public facing reporting requirements.
INITIATIVES AND ACTIVITIES
In 2016, Eco-Age worked closely with Welltower to gain their listing on the Dow Jones Sustainability Index (DJSI). This was achieved at the first attempt. Listing on the DJSI helps Welltower leverage investment from organisations with a focus on environmental, social and governance (ESG) investment criteria.
Also during 2016, Eco-Age worked closely with Welltower to produce its first GRI G4 aligned sustainability report for 2015. Reporting against this best-practice framework demonstrates that Welltower takes a systematic and transparent approach to managing their most significant environmental, social and governance impacts. This helps communicate Welltower’s sustainability performance to the full range of key stakeholders including investors, employees, partners and across the real estate industry. We have produced annual sustainability reports for 2014 and 2015 and are working towards the delivery of the report for 2016.
As a result of our collaboration, Welltower’s 2016 GRESB score improved by 9% on the previous year. The Global Real Estate Sustainability Benchmark (GRESB) is a tool used to communicate sustainability performance within the Real Estate industry. Welltower’s performance puts them in the top quartile of all North American REITs.
Eco-Age continues to work closely with Welltower’s management team to enhance sustainability performance and maintain sector leadership.