Planet
Minimizing Our Impact
GRI: 102-11 | 102-29 | 201-2 | CRE8 | 419-1 | 416-2
Ventas recognizes the business and moral imperative to preserve our planet. This is a guiding principle for our ESG strategy. We are committed to measuring, reporting and reducing our environmental impact and ensuring our portfolio is resilient against climate-related risks.
Path to Net Zero Carbon Emissions
Ventas recognizes the importance of minimizing carbon emissions as quickly as possible, and ultimately achieving net zero carbon emissions. We have a validated science-based target to reduce our Scope 1 and 2 carbon emissions, and are committed to reducing Scope 3 emissions. We are also committed to developing a net zero carbon goal and implementation strategy, which will include the following components:
Sustainability in Action
Click to See How We Achieve Sustainability
ENVIRONMENTAL DATA TABLES
Ventas defines its environmental boundary for energy, water, and waste reporting in alignment with the Greenhouse Gas Protocol's Operational Control approach. Developments and major redevelopment projects are excluded from our control boundary until they are operational; unconsolidated assets and JV assets where Ventas ownership is <25% are also excluded. As of December 31, 2020, we had 33 properties under development; our environmental control boundary for the 2020 calendar year includes 656 properties.
Green Building Certifications2
|
ENERGY STAR®
Certified3 |
LEED®
Certified4 |
Other Green Building Certifications
(IREM® Certified Sustainable Property, BOMA 360, CALGreen®) |
TOTAL CERTIFIED
(less duplicates) |
|||||
|---|---|---|---|---|---|---|---|---|
| Property Type |
Property
Count |
Square
Feet (M) |
Property
Count |
Square
Feet (M) |
Property
Count |
Square
Feet (M) |
Property
Count |
Square
Feet (M) |
| SHOP | 110 | 9.9 | 16 | 1.9 | 4 | 0.3 | 126 | 11.7 |
| Medical Office | N/A | N/A | 7 | 0.7 | 4 | 0.6 | 11 | 1.3 |
| Life Science, R&I | 2 | 0.4 | 27 | 6.2 | 3 | 0.7 | 31 | 7.0 |
| NNN | 7 | 1.0 | 0 | 0.0 | 1 | 0.1 | 8 | 1.1 |
| TOTAL | 119 | 11.3 | 50 | 8.8 | 12 | 1.6 | 176 | 21.1 |
| In-Boundary Total | 156 | 17.9 (Certified SF) |
||||||
| % Portfolio | 20% (Total SF) |
|||||||
| % In-Boundary Portfolio | 27% (% Certified) |
|||||||
|
SHOP Properties
|
|
|---|---|
|
ENERGY STAR® Certified3
|
|
|
Property Count:
|
110
|
|
Square Feet (M):
|
9.9
|
|
LEED Certified4
|
|
|
Property Count:
|
16
|
|
Square Feet (M):
|
1.9
|
|
Other Green Building Certifications
(IREM® Certified Sustainable Property, BOMA 360, CALGreen®) |
|
|
Property Count:
|
4
|
|
Square Feet (M):
|
0.3
|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Property Count:
|
126
|
|
Square Feet (M):
|
11.7
|
|
Medical Office Properties
|
|
|---|---|
|
ENERGY STAR® Certified3
|
|
|
Property Count:
|
N/A
|
|
Square Feet (M):
|
N/A
|
|
LEED Certified4
|
|
|
Property Count:
|
7
|
|
Square Feet (M):
|
0.7
|
|
Other Green Building Certifications
(IREM® Certified Sustainable Property, BOMA 360, CALGreen®) |
|
|
Property Count:
|
4
|
|
Square Feet (M):
|
0.6
|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Property Count:
|
11
|
|
Square Feet (M):
|
1.3
|
|
Life Science, R&I Properties
|
|
|---|---|
|
ENERGY STAR® Certified3
|
|
|
Property Count:
|
2
|
|
Square Feet (M):
|
0.4
|
|
LEED Certified4
|
|
|
Property Count:
|
27
|
|
Square Feet (M):
|
6.2
|
|
Other Green Building Certifications
(IREM® Certified Sustainable Property, BOMA 360, CALGreen®) |
|
|
Property Count:
|
3
|
|
Square Feet (M):
|
0.7
|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Property Count:
|
31
|
|
Square Feet (M):
|
7.0
|
|
NNN Properties
|
|
|---|---|
|
ENERGY STAR® Certified3
|
|
|
Property Count:
|
7
|
|
Square Feet (M):
|
1.0
|
|
LEED Certified4
|
|
|
Property Count:
|
0
|
|
Square Feet (M):
|
0.0
|
|
Other Green Building Certifications
(IREM® Certified Sustainable Property, BOMA 360, CALGreen®) |
|
|
Property Count:
|
1
|
|
Square Feet (M):
|
0.1
|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Property Count:
|
8
|
|
Square Feet (M):
|
1.1
|
|
TOTAL Properties
|
|
|---|---|
|
ENERGY STAR® Certified3
|
|
|
Property Count:
|
119
|
|
Square Feet (M):
|
11.3
|
|
LEED Certified4
|
|
|
Property Count:
|
50
|
|
Square Feet (M):
|
8.8
|
|
Other Green Building Certifications
(IREM® Certified Sustainable Property, BOMA 360, CALGreen®) |
|
|
Property Count:
|
12
|
|
Square Feet (M):
|
1.6
|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Property Count:
|
176
|
|
Square Feet (M):
|
21.1
|
|
In-Boundary Total
|
|
|---|---|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Property Count:
|
156
|
|
Square Feet (M):
|
17.9
(Certified SF) |
|
% Portfolio
|
|
|---|---|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Square Feet (M):
|
20%
(Total SF) |
|
% In-Boundary Portfolio
|
|
|---|---|
|
TOTAL CERTIFIED
(less duplicates) |
|
|
Square Feet (M):
|
27%
(% Certified) |
CLIMATE CHANGE
GRI: 102-11 | 102-15 | 102-18 | 102-19 | 102-20 | 102-27 | 102-29 | 102-30 | 102-31 | 416-1 | 416-2
Task Force on Climate-Related Financial Disclosures 
Ventas is committed to managing climate-related risks and opportunities in our portfolio. Our climate disclosures in this report are aligned with the TCFD recommendations, which provide an effective way to understand, prioritize and disclose the climate-related risks and opportunities Ventas faces. As a long-term holder of real estate, Ventas considers risks and opportunities up to 10 or more years in the future, as well as near- (0-1 Year) and medium-term (1-3 years) risks.
The TCFD divides climate risks into two categories:
TRANSITION RISKS:
From the transition to a lower-carbon economy including carbon regulations and shifting consumer preferences.
RISKS:
State & local carbon regulations and energy benchmarking ordinances that could result in fines, require efficiency investments in our buildings or increase construction and redevelopment costs.
OPPORTUNITIES:
Investing in energy efficiency projects in our buildings has the potential to minimize our environmental footprint while generating meaningful cost savings, contributing to net operating income (NOI) growth and increased shareholder value.
PHYSICAL RISKS:
From the physical impacts of climate change such as extreme weather and rising sea levels.
RISKS:
Increased frequency and severity of extreme weather, primarily hurricanes and blizzards arising from climate change. Unmitigated, this could result in increased insurance premiums and other costs such as emergency evacuations.
OPPORTUNITIES:
Improving the resilience of our buildings to withstand extreme weather and ensuring that we have emergency plans in place across our portfolio.
Maintaining a limit on high-risk flood properties (FEMA Zone A) to less than 10 percent of NOI.
TCFD Index
GOVERNANCE
Our ESG Steering Committee, chaired by Ventas Chairman and CEO, Debra A. Cafaro, has direct oversight of climate-related issues and provides regular updates to our Board.
Climate change risks and opportunities are evaluated and prioritized through a collaborative process that includes our executive leadership team, risk management, investments, asset management, legal and Sustainability department.
STRATEGY
Transition Risks and Opportunities
Risks to Ventas include state and local carbon regulations and energy benchmarking ordinances. To address these risks, we have set ambitious new goals to reduce our emissions, energy, water and waste, and invest in energy efficiency upgrades in our portfolio.
Physical Risks and Opportunities
Our portfolio faces potential risks from increased extreme weather (primarily hurricanes and blizzards), which could increase insurance premiums and other costs (e.g., emergency evacuation). To mitigate, we maintain a geographically diverse portfolio and evaluate such risks with every acquisition.
RISK MANAGEMENT
Ventas has an integrated, multi-disciplinary, company-wide risk management process, managed through our Enterprise Risk Management (ERM) Committee. Climate change risks and opportunities are integrated into this process.
METRICS & TARGETS
In 2020, Ventas set ambitious new targets to reduce energy, water, waste and GHG emissions, the latter of which has been validated by Science Based Targets initiative (SBTi).
We also have company goals to maintain emergency plans for all assets in our operating control and have a target to limit high flood risk properties to less than 10 percent of NOI.
Enterprise Risk Management (ERM):
Ventas has an integrated, multi-disciplinary, company-wide risk management process, managed through our Enterprise Risk Management Committee.* In line with TCFD recommendations, climate change risks and opportunities are integrated into this process. Convened quarterly, the Committee evaluates both known and new risks for inclusion on our ERM Heatmap to determine risk likelihood or impact to Ventas, and mitigation strategies are updated as appropriate. Results are discussed at our quarterly meetings with the Ventas Board of Directors.
- ERM Committee members include: General Counsel (Chair); CFO; VP, Internal Audit; Chief Information Officer
- ERM Commiee members include: CEO; CFO; General Counsel; VP, Internal Audit; Assistant General Counsel, Corporate & Securies
- Results shown above reflect year-over-year progress within our environmental control boundary ("in-boundary"), which is ~60% of our total owned portfolio by square feet, excluding developments. Emissions shown above are Scopes 1+2, measured on an absolute basis. Energy and water shown above are for the 2019-2020 in-boundary same-store pool (note that this is not progress against our goal, which is measured for our total in-boundary portfolio). The recycling percent shown above is for our total in-boundary portfolio.
- Data as of 6/30/2021. Chart totals may not add due to rounding.
- Number of buildings with an active ENERGY STAR label. ENERGY STAR is updating the Medical Office certification program and is not issuing new certifications. ENERGY STAR Certification is not available for Life Science properties.
- Includes 12 developments where LEED certification is pending.