Environmental
We are committed to being a net lease leader in environmental sustainability over the long term.
We are committed to being a net lease leader in environmental sustainability over the long term.
As a net lease REIT, most of our properties are leased on a triple-net basis whereby tenants are responsible for day-to-day operations, including energy usage and sustainability practices. Despite our lack of direct control, we strive to lead the net lease industry in environmental sustainability by taking a proactive and transparent approach to quantifying and reducing our global carbon footprint.
We are focused on implementing technology to build and deploy scalable systems to collect and analyze tenant emissions data, which allow us to quantify our global GHG emissions and set carbon reduction targets.
W. P. Carey has always taken a proactive approach to managing our portfolio, with our Asset Management department structured around tenant relationships. As a result, the team develops long-term relationships with tenant management teams, providing a direct and ongoing dialogue about the tenant’s business, including sustainability.
Our sustainability projects fall within three key areas: renewable energy opportunities, building energy retrofits, and opportunities and green-building certifications. We believe that improving the quality and sustainability of our assets increases renewal probabilities, deepens tenant relationships and increases the overall value of our portfolio.
Established a near-term reduction target for our Scope 1 and Scope 2 emissions