Agree Realty Releases Inaugural ESG Report

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Agree Realty Corporation ADC has released its inaugural environmental, social and governance (ESG) report highlighting how the retail REIT emphasizes sustainability and responsibility.

“We are committed to ensuring the health, well-being and financial security of our team members while working with our best-in-class retail partners to enhance the sustainability of our assets in communities across the country,” CEO Joey Agree said in the report.

See also: Best Real Estate Stocks Right Now

Agree focuses on net lease agreements, leases in which the lessee pays some or all the taxes, fees and maintenance costs associated with the property, in addition to rent. Agree specializes free-standing net leases for major national tenants, including Walmart Inc WMT, Dollar General Corp. DG and TJX Companies Inc TJX.

Related Link: New Report Outlines Why Net Lease Retail Real Estate Is Superior In An Omni-Channel World

ESG Commitment: In the new report, Agree said its retail partners are committed to reducing their carbon footprints in coming years. For example, Walgreens Boots Alliance Inc WBA is aiming to eliminate 100% of its emissions by 2030. Best Buy Co Inc BBY is hoping to cut its emissions by 75% in that same time.

On the social responsibility front, the Agree Wellness program addresses both health and financial wellness for all the company’s employees. The Agree Culture Committee hosts events focused on team building and community service.

Finally, the Agree board of directors has adopted a Code of Business Conduct and Ethics and Corporate Governance Guidelines. All company directors, officers and team members must certify their compliance with the code on an annual basis.

Posted In: NewsREITReal EstateJoey Agree
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...