HCP Inc. (NYSE:HCP) announces publication of its inaugural GRI Sustainability Report
December 28, 2012 | By isosteam |
HCP Inc. (NYSE:HCP), a leading health care real estate investment trust (REIT), announced the publication of its inaugural GRI Sustainability Report: Growing Business, Promoting Sustainability, Building Partnerships, covering calendar year 2011. The report was developed in accordance with the internationally recognized Global Reporting Initiative’s (GRI) G3.1 sustainability reporting framework at a B Level. HCP’s Sustainability Report demonstrates the Company’s commitment to integrating sustainability practices into its core business strategy.
Other sustainability Highlights of key sustainability efforts and accomplishments achieved by the Company, many of which are detailed further in the 2012 GRI Sustainability Report, include:
- Achieved leadership in the number of Medical Office Building (MOB) ENERGY STAR certifications for facili ties (inside and outside our boundary) with a total of 17 ENERGY STAR labels. In the second quarter of 2011, HCP was recognized by the Environmental Protection Agency (EPA) as having the most ENERGY STAR certifications in the MOB category by any property owner.Reduced energy consumption by 3% in 2011, and 13% since the beginning of our participation in the ENERGY STAR program in 2006, across all prop erties benchmarked in the ENERGY STAR Portfolio Manager.
- Decreased utility expenses in 2011 by $1.4 million on a sameproperty basis versus 2010 in our MOB portfolio.
- Received awards from the Leader in the Light program, sponsored by the National Association of Real Estate Investment Trusts (NAREIT), in five of the last six years, including the Innovator of the Year Award in 2011. The award recognizes its member companies that have demonstrated superior portfolio-wide energy use practices and sustainability initiatives. HCP received the highest score among all healthcare REITs and real estate companies that comprised the healthcare sector in the 2012 competition.
- Finished first (1st) in the MOB category and eighth (8th) overall out of 245 build ings in ENERGY STAR’s 2011 National Building Competition with our Thornton MOB in Thornton, Colorado. This build ing reduced energy consumption by nearly 34% year over year, resulting in more than $100,000 in energy savings.
- Released Investor Carbon Disclosure Project (CDP) and Global Real Estate Sustainability Benchmark (GRESB) reports for 2011.
The GRI report was developed with the assistance of ISOS Group, one of the leading sustainability and carbon reporting consultancies in the United States. To view HCP’s 2012 GRI Sustainability Report, visit www.hcpi.com/sustainability.html.