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November 14, 2024
October 21, 2024
Rexford Industrial Announces New CFO Hire & Promotion of Laura Clark to COO
October 16, 2024
Rexford Industrial Announces Third Quarter 2024 Financial Results
Rexford Industrial Announces Science-Based Net-Zero Target Validation
–Rexford Industrial Commits to Net-Zero Emissions by 2045–
–Rexford Industrial's Value-Driven Business Model Drives Positive ESGi Impacts and Value Creation–
The Science Based Targets initiative (SBTi) validated
"Rexford Industrial is committed to mitigating climate-related risks for all stakeholders by actively addressing the changing climate through our holistic ESGi approach," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "Our focus on repositioning and recycling vintage, energy-inefficient buildings into highly functional properties adhering to green standards creates substantial Environmental Value. Together with our tenants, partners and Rexford team, we are developing sustainable operating strategies which position the Company to continue to deliver Environmental and Societal Value by reducing our carbon footprint and revitalizing our broader community. Rexford Industrial's alignment with SBTi strengthens our fundamental, transparent governance practices and will maximize our impact as we strive to achieve our science-based net-zero target."
Primary strategies to achieve
- Collaborating with tenants for energy and carbon reduction measures, including LED lighting conversions, high-efficiency HVAC upgrades, conversion of gas systems to electric alternatives and cool roof installations
- Adhering to high green building standards
- Achieve LEED Silver (or higher) for all ground up developments
- Upgrade to high-efficiency energy and water systems when repositioning assets
- Prioritize the use of construction techniques and materials with lower embodied carbon emissions
- Maximizing investment in on-site renewable energy across the portfolio
The Company will continue to prioritize direct decarbonization and the neutralization of all residual emissions in line with SBTi criteria before reaching net-zero emissions.
About SBTi
The Science Based Targets initiative (SBTi) began in 2015 as a partnership between
About
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the
Contact:
investorrelations@rexfordindustrial.com
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