Investor Relations

Governance

Sustainability

    SDG5: Gender Equality

    Sustainability Governance

    Our sustainability roots date back to 2003 when we committed to developing base buildings to a Leadership in Energy and Environmental Design (“LEED”) Silver minimum standards, where possible. In 2010, we deepened our commitment by adopting our first series of operating policies to help guide us in addressing the sustainability-related issues throughout our business. The Corporate Sustainability Policy we adopted in 2018 commits our Company to make annual disclosures regarding our ESG impacts, and to work toward improving our performance year-over-year.

    Today, our CEO directly oversees our sustainability activities and performance by heading our ESG Steering Committee, which meets regularly and is composed of representatives from each division in the Company. Our CEO and General Counsel also provide regular sustainability updates to our Board of Trustees.

    Board Oversight. Our Board’s Nominating and Corporate Governance Committee actively oversees our sustainability-related policies, and its charter was updated during 2020 to reflect these responsibilities.

    Our Board of Trustees

    Our Company and its stakeholders benefit from our Board of Trustees’ diverse professional backgrounds and leadership skills. As of June 30, 2021, our Board of Trustees consisted of ten members, nine of whom are independent as determined by the Securities Act of 1934 and New York Stock Exchange (“NYSE”) standards. In the past two years, we have expanded and diversified our Board of Trustees.

    In October 2020, we nominated:

    > Letitia A. Long to serve on our Board Then in March 2021, we further enriched our governance posture by nominating:
    > Raymond L. Owens to our Board As a result, on June 30, 2021, 20% of our Trustees were female (2 Trustees) and 10% were ethnically diverse (1 Trustee).

    Our Board has created four standing committees: Audit, Compensation, Investment and Nominating and Corporate Governance (“N&CG”). All four Committees are composed solely of independent Trustees, as required by applicable law and the NYSE. Below is a breakdown of the members of each committee by gender and age.

    Board of Trustees: Gender and Age Breakdown as of June 30, 2021. In May, Lisa Trimberger became the Chairperson of our Audit Committee.