Corporate Responsibility

Ventas Environmental Policy: Good for the Planet. Good for Investors.

Across our portfolio, we are undertaking wide-scale, long-term environmental programs, local sustainability initiatives and pilots that meet our objectives of protecting the planet while lowering operating costs and improving the efficiency of our portfolio.

Reducing our Footprint¹

Our focus is on taking a systematic approach to reduce the energy, water and landfill waste footprint of our diverse, high-quality property portfolio. We are on track to meet our 10-year targets to reduce our environmental impact from a 2013 baseline:

-10%

Energy

-10%

Greenhouse

Gas Emissions

---

-5%

Water

-4%

Landfill

Waste

 

Certification

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Certification

Ventas has approximately $500 million in active LEED development and redevelopment projects. Atria at Foster Square is a recent ground-up seniors housing development in the San Francisco Bay Area. The LEED Silver certified property boasts a green roof that combines innovation and sustainability, and is an excellent example of our policy of evaluating the environmental impact of our developments, resulting in a state-of-the art community with a reduced carbon footprint.

The Ventas portfolio includes 37 properties that have achieved or are targeting LEED certification*

 

Greenhouse Gas Emissions

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Greenhouse Gas Emissions

Since 2015, our Seniors Housing and Medical Office Building (MOB) portfolios have been conducting extensive lighting retrofits. Thousands of lights are being upgraded with more efficient bulbs to reduce lighting electricity consumption by up to 80 percent, and provide better quality lighting for patients, residents and workers in our buildings.

The Ventas portfolio includes 70 ENERGY STAR®-certified properties.*

 

Retrocommissioning

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Retrocommissioning

Each year Ventas, through our Lillibridge subsidiary, conducts retrocommissioning studies on a portion of our Medical Office Building (MOB) assets’ mechanical and control systems to identify opportunities to reduce energy consumption and introduce long term operational efficiencies to lower costs. In 2016, $3 million was spent at more than 40 MOBs making improvements that included controls upgrades, the addition of building automation systems and HVAC equipment improvements.

 

Water Conservation

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Water Conservation

Ventas has implemented native landscaping at several properties in Arizona and California, where water-loving grass is replaced with drought-tolerant plants that require minimal water. In addition to conserving water, these landscapes have lower maintenance costs and require less work from gas-powered lawnmowers and trimmers.

(1) The coverage for Ventas’ environmental targets is our owned real estate assets where we have access to utility data. We continually strive to increase our utility data coverage. As of 12/31/2016, our data coverage for each target is (as a percent of total owned square feet): Energy and GHG Emissions: 64%; Water: 55%; Landfill Waste: 43%. The progress against our targets is measured for a subset of this, which is the pool of assets owned from 2013 to present.

*As of 09/28/2018: 28 LEED certified; 2 completed developments pending final LEED certification; 7 developments / redevelopments under construction pursuing LEED certification