Duke Realty Releases Corporate Responsibility Report
Company Further Invests in Renewable Energy to Achieve Carbon Neutrality in Operations
Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, releases its 2021 Corporate Responsibility Report showcasing its success in environmental stewardship, social responsibility and governance (ESG) and sustainable development practices. The following are the most notable ESG accomplishments in 2021:
The company set its goal of achieving carbon neutrality for emissions in its operational control by 2025.
It launched the Smart Building program that allows Duke Realty to partner with its tenants in the development design process in order to incorporate smart and sustainable features.
Duke Realty’s New Jersey community solar project was selected as the best Community Solar project in Solar Builder’s 2021 Project of the Year Awards.
The company completed a materiality assessment surveying nearly 300 stakeholders to identify the most impactful ESG topics for the company to address.
Duke Realty launched a new health and well-being program for its associates with nearly 50 percent participation in quarterly wellness challenges.
The company celebrated its 20th anniversary of a formalized Diversity and Inclusion Council and rebranded it to the Diversity, Equity and Inclusion Council.
Duke Realty maintained a diverse independent board of directors with 55 percent diverse and female directors. Additionally, 50 percent of the board committees are chaired by women.
All associates and board of directors completed Code of Business Ethics training.
“For Duke Realty, 2021 was a year of many accomplishments leading the way for a more sustainable future for the industrial real estate industry,” said Megan Basore, Duke Realty’s vice president of Corporate Responsibility. “We are proud of our work toward carbon neutrality and our engagement of tenants as we are their trusted advisor in creating more sustainable facilities. We continue our focus on ESG in 2022.”
To read and download Duke Realty’s 2021 Corporate Responsibility report, please visit the Corporate Responsibility page on the Duke Realty website.
About Duke Realty
Duke Realty owns and operates approximately 167 million rentable square feet of industrial assets in 19 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a component of the S&P 500 Index. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Cautionary Notice Regarding Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts, including, among others, statements regarding the company’s intended use of proceeds from the offering noted above, future financial position or results, future dividends, and future performance, are forward-looking statements. Those statements include statements regarding the intent, belief, or current expectations of the company, members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," or similar expressions, although not all forward-looking statements may contain such words. Forward-looking statements are not guarantees of future events or performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the company’s abilities to control or predict. Such factors include, but are not limited to, (i) general adverse economic and local real estate conditions; (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business; (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms, if at all, and the company’s ability to retain current credit ratings; (iv) the company’s ability to raise capital by selling its assets; (v) the company’s continued qualification as a real estate investment trust, or REIT, for U.S. federal income tax purposes; (vi) changes in governmental laws and regulations, including changes that may be forthcoming as a result of the change in administration in the U.S.; (vii) the level and volatility of interest rates and foreign currency exchange rates; (viii) valuation of joint venture investments; (ix) valuation of marketable securities and other investments, including volatility in the company’s stock price and trading volume; (x) valuation of real estate and other inherent risks in the real estate business, including, but not limited to tenant defaults, potential liability relating to environmental matters and liquidity of real estate investments; (xi) increases in operating costs; (xii) changes in the dividend policy for the company’s common stock; (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants, as well as competition for tenants and potential decreases in property occupancy; (xiv) impairment charges; (xv) a failure or breach of our information technology systems networks or processes that could cause business disruptions or loss of confidential information; (xvi) the effects of geopolitical instability and risks such as terrorist attacks and trade wars; (xvii) the effects of natural disasters, including floods, droughts, wind, tornados, and hurricanes; (xviii) the impact of the COVID-19 pandemic on our business, our tenants and the economy in general, including the measures taken by governmental authorities to address it; and (xix) the effect of any damage to our reputation resulting from developments relating to any of items (i) – (xix). Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's filings with the SEC. The company refers you to the section entitled “Risk Factors” contained in the company’s Annual Report on Form 10-K for the year ended December 31, 2020. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s filings with the Securities and Exchange Commission. Copies of each filing may be obtained from the company or the SEC.
The risks included here are not exhaustive and undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to the company, its management, or persons acting on their behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law.
Duke Realty Corporation
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