Maintaining strong corporate governance and ethical business practices, engaging in the communities where we operate and minimizing our environmental impact is beneficial to all our stakeholders—stockholders, partners, tenants, residents and employees alike. Implementing smart environmental, social and governance (ESG) policies is essential to delivering long-term superior results, resilience and sustained excellence.
Initiated in 2018, the company conducted an in-depth ESG prioritization assessment, following the guidelines of the Global Reporting Initiative (GRI). This exercise, also known as a materiality assessment, is an evidence-based, objective process that identifies the ESG topics which matter most to Ventas internally and to our external stakeholders. Comprehensive analysis included:
- Benchmarking: external sources including peer reports, regulatory and industry trends, reporting frameworks, and city climate plans
- Interviews: a cross-functional selection of Ventas leaders, external stakeholders, including Board Members, key operating partners, and investors
- Analysis: internal financial documents and peer, investor and community reports, for evidence to assess the relative importance of each topic to internal and external stakeholders
Applying a customized weighting framework to our findings, topics were prioritized and plotted on a matrix that was validated by the Ventas executive leadership team. Ventas will continue to use the GRI framework as part of our annual corporate sustainability reporting. Based on this process, Ventas will set sustainability goals that align with our business strategies and will report performance against the prioritized key topics.
Ventas Steering Committee
Our environmental, social and governance commitments are driven by the Ventas ESG Steering Committee and Reporting Working Group. Led by Kelly Meissner, Director of Sustainability, these collaborative, interdisciplinary groups help to define and implement our ESG strategy, objectives and reporting including policies, goals & targets.