Strategic Plan to Exit Office slide image

Strategic Plan to Exit Office

ESG Strategy • • 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 • 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 - 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 - 9 out of 10 independent Directors, including a separate independent chair Women represent 30% of our Board No related-party transactions Independence of Directors reviewed annually Limitation on over-boarding - Proxy access with "3/3/20/20" market standard - Opted out of Maryland staggered board provisions; all Directors elected annually Racial/ Ethnic Diversity (6) 38 Average Employee Age - 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. 29
View entire presentation