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Essex Property Trust Publishes 2024 Sustainability and Impact Report

1. Essex Property Trust publishes 2024 Sustainability Report with new emissions targets. 2. The company improved GRESB score to 86, earning a four-star designation. 3. Recognized by Newsweek as a Most Responsible Company for the fifth year. 4. Essence decreased GHG emissions by approximately 12% compared to 2023. 5. Company's sustainability efforts are seen as building long-term stakeholder value.

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FAQ

Why Bullish?

Sustainability improvements and achievements can attract environmentally-focused investors, similar to past results.

How important is it?

The ongoing focus on sustainability could enhance brand reputation and investor relations.

Why Long Term?

Sustainable practices generally lead to increased investor confidence and long-term profitability as seen in previous trends.

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- SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) published today its 2024 Sustainability and Impact Report. This report recognizes the Company’s progress towards its sustainability goals and announces new emissions reduction targets, which were recently approved by the Science Based Targets initiative (“SBTi”). “I’m proud to share the tremendous strides we’ve made towards improving our environmental footprint and positively contributing to the communities we serve. Our ambitious goals demonstrate our commitment to sustainability and building long-term value for our stakeholders,” said Angela L. Kleiman, Essex’s President and CEO. Other Notable Highlights Include: Achieved a GRESB score of 86 in 2024, earning a four-star designation and improving two points from the prior year. Named to Newsweek’s List of Most Responsible Companies for a fifth consecutive year. Recognized by U.S. News and World Report as a 2024-2025 Best Company to Work For. Further, the Company was recently recognized for a second consecutive year. Decreased Scope 1 and Scope 2 GHG Emissions by approximately 12% as compared to 2023. Additional details on progress toward achievement of goals and initiatives can be found in the Company’s 2024 Sustainability and Impact Report which can be accessed on the Investors section of the Company’s website at www.essex.com under Sustainability. About Essex Property Trust, Inc. Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (“REIT”) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 257 apartment communities comprising over 62,000 apartment homes with an additional property in active development. Additional information about the Company can be found on the Company’s website at www.essex.com. More News From Essex Property Trust, Inc.

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