Innovative Industrial Properties Publishes Inaugural Environmental, Social and Corporate Governance (ESG) Report
08 6월 2021 - 8:00PM
Business Wire
Innovative Industrial Properties, Inc. (IIP), the first and only
real estate company on the New York Stock Exchange (NYSE: IIPR)
focused on the regulated U.S. cannabis industry, announced today
that it has published its inaugural Environmental, Social and
Governance (ESG) report. The report highlights how the company is
addressing the top ESG priorities that matter to its stockholders,
employees, tenant partners, communities and other stakeholders.
“The IIP team is excited to issue our first annual ESG report,
demonstrating our commitment to sound environmental management,
collaborative community engagement and strong corporate governance
principles that align to our team’s core values,” said Alan Gold,
Executive Chairman. “Our company, working closely with our
long-term tenant partners, continues to drive substantial and
lasting positive changes in the communities where we operate, by
repositioning and renovating industrial buildings, bringing good
long-term jobs to historically economically disadvantaged
communities, and developing businesses that generate substantial
tax revenues to support local services, schools and healthcare.
Since beginning operations in December 2016, we are proud of what
we have accomplished in these areas, as well as the contributions
that our company and tenant partners have made across numerous
other important causes. We are focused on continuing to make strong
progress in our ESG goals, and look forward to providing all of our
stakeholders annual updates on our achievements and future plans in
these areas.”
Select highlights from IIP’s ESG report include:
- IIP invests extensively in economically disadvantaged
communities, with direct employment at IIP’s properties alone
supporting over 5,000 full time employment positions as of year-end
2020, which is in addition to the construction jobs and numerous
ancillary jobs across a wide spectrum of specialties that support
IIP’s tenant partners’ operations.
- Many of IIP’s projects focus on the redevelopment of existing
industrial buildings, revitalizing previously vacant or
under-utilized buildings, which translates into dramatic reductions
of demolition and landfill disposal, driving embodied carbon
savings.
- IIP partners with its tenants to extensively improve energy
efficiency and environmental performance of its properties,
including funding of improvements such as lighting upgrades,
installation of building management systems, implementation of
stormwater management systems, heating, ventilation and air
conditioning upgrades, tiered cultivation, advanced irrigation
systems, health and safety systems and greenhouse
construction.
- IIP prioritizes the health and wellbeing of its employees, and
moved all employees to a remote work environment in response to the
COVID-19 pandemic, while at the same time working to foster
connection and appreciation throughout this time.
- IIP established a Diversity, Equality & Inclusion Policy,
Human Rights Policy and Vendor Code of Conduct, which reflect IIP’s
core values in these areas.
- IIP and its tenant partners, as well as IIP’s individual
employees and board members, extensively donated their time,
expertise and financial resources across a wide spectrum of social
initiatives, with that need being even more pressing in the face of
challenges presented by the COVID-19 pandemic.
IIP’s 2021 ESG report is available on its corporate website at
www.innovativeindustrialproperties.com/ESG/.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised
Maryland corporation focused on the acquisition, ownership and
management of specialized industrial properties leased to
experienced, state-licensed operators for their regulated
medical-use cannabis facilities. Innovative Industrial Properties,
Inc. has elected to be taxed as a real estate investment trust,
commencing with the year ended December 31, 2017. Additional
information is available at
www.innovativeindustrialproperties.com.
Innovative Industrial Properties
Forward-Looking Statements
This press release contains statements that IIP believes to be
“forward-looking statements” within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
All statements other than historical facts are forward-looking
statements. When used in this press release, words such as we
“expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or
“should” or the negative thereof or similar terminology are
generally intended to identify forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
expressed in, or implied by, such statements. Investors should not
place undue reliance upon forward-looking statements. IIP disclaims
any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210608005206/en/
IIP Contact: Catherine Hastings Chief Financial Officer
Innovative Industrial Properties, Inc. (858) 997-3332
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