Capital Investment Case Studies
ESG Strategy
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W. P. CAREY
As we celebrate our 50th anniversary, we remain committed to our founder's dedication to Investing for the Long RunⓇ and Doing Good While Doing WellⓇ and his
ongoing commitment to making a positive difference within our business, local communities and beyond
Our cross-functional ESG Committee serves to support our ongoing commitment to environmental and sustainability initiatives, corporate social responsibility and
corporate governance
Environmental
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Collect tenant energy usage data in an effort to quantify and
reduce our portfolio's global carbon footprint and integrate
with benchmarking organizations
Evaluate and target new sustainability-linked investment
opportunities, with the goal of growing ABR and portfolio
prominence from green certified buildings (1)
Continue to identify and evaluate property level sustainability
opportunities within our portfolio, which we believe can
reduce carbon footprints, support our tenants' own
sustainability goals and also represent attractive investments
- Launched CareySolar™, a turnkey solution providing
tenants with on-site renewable energy via rooftop and
carport solar installations
Achieved Gold level recognition as a Green Lease Leader for
the second consecutive year(2)
Fully allocated proceeds from inaugural $350 million green
bond to new and existing eligible green projects (3)
Established a Climate Disclosure Working Group to focus on
preparations for anticipated climate disclosure reporting
requirements
Social
Prioritize our employees and maintain a safe and inclusive
work environment, where we can attract and retain a high-
caliber workforce
Promote employee volunteer efforts and foster productive
relationships with the communities in which we operate
through our Carey Forward program
Strive to create a diverse, challenging and positive work
environment where hard work and dedication are recognized
and rewarded
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Achieved U.S. certification as a Great Place to Work® for
second consecutive year (4) and included in the Bloomberg
Gender-Equality Index for a third consecutive year
Signed both the UN Women's Empowerment Principles
(WEPs) and CEO Action for Diversity and Inclusion™
Our workforce(5):
190+
Global
Employees
36%
Governance
Committed to managing risk, providing transparent disclosure
and being accountable to our stakeholders
Maintained the highest QualityScore rating of "1" from ISS in
Governance
Key Governance Highlights
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10 out of 11 independent Directors, including a separate
independent chair
Women represent 36% of our Board
No related-party transactions
Independence of Directors reviewed annually
Limitation on over-boarding
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Proxy access with "3/3/20/20" market standard
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Opted out of Maryland staggered board provisions; all
Directors elected annually
Racial/
Ethnic Diversity (6)
38
Average
Employee Age
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Employees who identify as women represent (5):
No poison pill
Human Rights Policy, in addition to our Code of Business
Conduct and Ethics
46%
46%
33%
of Global
Workforce
of Managers
of Executive
Team
1. For a building to be considered "green certified" under our investment criteria, it must at a minimum be certified by LEED, BREEAM or a similarly recognized organization or certification process.
2. In 2022 and 2023 we were recognized as a Green Lease Leader at the Gold level by the Institute for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance.
3. Eligible Green Projects are defined in WPC's Green Financing Framework, available on our website.
4. In 2022 and 2023 we were Certified™ by Great Place to Work® based on a survey of U.S. employees.
5. As of December 31, 2022.
6. Data is collected by our Human Resources Department and is only for our U.S.-based employees.
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