Our environmental sustainability strategy is aligned with our overall business strategy and built on three key components:
Achieve green building certifications, such as LEED, and implement sustainable development best practices in order to help foster long-term asset and company marketability, while minimizing negative environmental impacts.
Improve the sustainability performance of our operating portfolio by pursuing initiatives that drive tangible environmental and economic benefits. Examples of current initiatives include LED lighting, roof-top solar photovoltaic, smart irrigation, and electric vehicle charging stations.
Engage with our key stakeholders to drive sustainability and business performance through innovative tenant and community engagement programs, and transparent disclosure of performance through formal sustainability reporting.
Reduce same-store energy consumption an average of 2% per year to achieve a cumulative reduction of 20% by 2021.*
Reduce same-store greenhouse gas emissions an average of 2% per year to achieve a cumulative reduction of 20% by 2021.*
Reduce same-store water use an average of 1% per year to achieve a cumulative reduction of 10% by 2021.*
Increase same-store waste diversion an average of 1% per year to achieve a cumulative reduction of 10% by 2025.*
Develop at least $250MM in LEED certified projects by 2017.
We have completed 16 LEED certified developments since 2009 and currently have two additional in-process projects pursuing LEED certification. In 2014, Regency was the first U.S. REIT, and second U.S. corporation, to issue a Green Bond. Net proceeds of the $250 million issuance were used to fund the acquisition, construction, development or redevelopment of LEED-certified projects. Download our most current Green Bond Report.