Our Sustainability Initiatives
UDR’s ESG METHODOLOGY
At UDR, we understand the impact our business can have on the environment and upon our stakeholders. ESG assists us in identifying and managing our sustainability risks and opportunities. Our ESG improvements are designed to improve operational quality, improve Associate and resident retention, and reduce our impact on the environment.
TRANSPARENT AND MEASURABLE ESG TARGETS
- Reduce energy consumption by 15% between 2015 and 2025
- Procure 10% of common area electric load through renewable energy sources by 2025
- Reduce water consumption intensity by 10% between 2015 and 2025
- Obtain sustainability certification for new developments
- Maintain an Associate Net Promoter Score greater than 90%
- Increase Associate volunteer hours by 10% between 2017 and 2020
- Install Smart Home Program across 50% of the portfolio by year end 2020
- Increase our average resident engagement score by 19% in 2019
- Confirm 100% of Associates acknowledge the Company’s Code of Ethics Policy
- Provide workplace harassment and information security awareness training annually to all Associates
- Participate in the annual Global Real Estate Sustainability Benchmark (GRESB) survey
- Further evaluate the risk of climate change as part of our Enterprise Risk Management process
Electrical panel upgrades, LED lighting, programmable thermostats, Smart Buildings, demand-response, and HVAC upgrades.
Smart irrigation, sub-metering, and resident utility billing to lower usage and waste.
UDR communities have made progress to reduce their waste service levels through recycling, reducing the number of weekly trash pickups.
LEED buildings are designed to:
- Lower operating costs & increase asset value.
- Reduce waste sent to landfills.
- Conserve energy and water.
- Be healthier and safer for occupants.
- Reduce harmful greenhouse gas emissions.
Planning and Design
- We aim to use green building rating systems for each new development to ensure our projects are developed according to current environmental building standards (e.g., LEED, Green Globes, and National Green Building Standard or “NGBS”).
- When evaluating potential development sites, we consider access to multiple transportation options and the proximity of nearby existing developed areas.
- Projects are designed to fit the local context measured by community preferences and local market demands.
- We design building systems to be as efficient as possible and strive to exceed energy code standards when feasible to reduce our carbon footprint and impact on climate change.
- We evaluate the feasibility of using renewable energy at our communities and incorporate where possible.
- We install native and drought-tolerant landscaping and low flow irrigation systems when appropriate for the local climate.
- We incorporate sustainable building materials into the design of our new projects, and request disclosure of product data for evaluation of health and environmental attributes, when available.
- We attempt to emphasize health and safety by utilizing daylight and natural ventilation to reduce system loads and increase occupant health and satisfaction. We look to incorporate bicycle maintenance and storage facilities, electric car charging stations, and/or car sharing access for residents, where possible.
- When pursuing a green building certification, we assign a sustainability consultant to guide our contractors and ensure compliance with sustainability goals.
- We strive to reduce pollution and the negative impact on surrounding habitats and protect local biodiversity during construction by implementing best practices around construction activity and pollution prevention, including management of the quantity and quality of stormwater runoff during and after construction.
- We employ certified environmental professionals to manage hazardous waste remediation when applicable.
- We perform commissioning of building systems near construction completion, when possible, to ensure that HVAC and other building systems are running efficiently and as designed.
- We manage waste by diverting construction, demolition, and site materials away from landfills as much as possible.
- Our contractors must implement construction health and safety best practices; including communicating safety policies, demonstrating safety leadership, requiring on-site personnel protective and life-saving equipment, and providing safety training. Our contractors monitor injuries, fatalities, and near misses that occur on site.
- We work to protect future residents, guests, and Associates by providing indoor air quality management and HVAC system protection during construction.
- We communicate with neighbors before and during construction to help manage any impact on the surrounding community.
- Energy efficiency is monitored monthly by our in-house team and by smart building systems like programmable thermostats and occupancy/vacancy lighting sensors.
- We manage waste by providing recycling services to our residents where available, and we reduce paper by the electronic processing of rent payments, service requests, and lease renewals.
- To conserve water, we install leak sensors throughout select communities, provide residents their utility bill directly to encourage them to consume less water, and install native landscaping or irrigation controls where possible.
- Provide residents with resources for green apartment living.