CENTERSPACE ANNOUNCES FIFTH ANNUAL ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT

Rhea-AI Summary

Centerspace (NYSE: CSR), a multifamily real estate company, has released its 2024 Environmental, Social, and Governance (ESG) Report. This marks the company's fifth annual report since establishing its ESG Committee in 2019. Key accomplishments for 2023 include:

• Aligning the report with GRI's 2024 Universal Standards and Topic Standards
• Achieving 81% energy usage data coverage, surpassing the 2027 goal of 75%
• Completing the second GRESB submission
• Launching a Manager in Training program

Centerspace, which owns 70 apartment communities with 12,883 homes across six states, emphasizes its commitment to sustainable practices, resource stewardship, and responsible operations in the real estate industry.

Positive

• Achieved 81% energy usage data coverage, exceeding the 2027 goal of 75%
• Completed second GRESB submission, demonstrating commitment to sustainability benchmarking
• Launched Manager in Training program, indicating investment in employee development
• Named a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune

Negative

• None.

MINNEAPOLIS, Aug. 20, 2024 /PRNewswire/ -- Centerspace (NYSE: CSR) published its 2024 Environmental, Social, and Governance (ESG) Report, highlighting the company's commitment to sustainable business practices in the multifamily industry. This is the Company's fifth annual report following its 2019 formation of an Environmental, Social, and Governance Committee established to lead identification, implementation, and tracking the progress of various sustainability initiatives.

For 2023, Centerspace has prepared their annual ESG report in alignment with GRI's 2024 Universal Standards and Topic Standards. Other key accomplishments include the achievement of 81% energy usage data coverage (surpassing the 2027 goal of 75% coverage), the completion of the Company's second GRESB (formerly known as the Global Real Estate Sustainability Benchmark) submission, and the launch of the company's Manager in Training program.

"Our 2023 achievements showcase our commitment to our mantra of "Better Every Days" and demonstrate our understanding of the real estate industry's ability to impact all components of the environment around us," said Anne Olson, Centerspace President and CEO.

Centerspace is committed to exploring and implementing common-sense business practices that further its ability to operate in a responsible manner. This includes being good stewards of resources, pursuing opportunities to minimize consumption, managing and reducing waste, and conserving energy and water.

The full report can be accessed on the Centerspace website at:
https://ir.centerspacehomes.com/corporate-overview/corporate-governance/default.aspx 

About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company currently owns 70 apartment communities consisting of 12,883 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune. For more information, please visit https://www.centerspacehomes.com.

If you would like more information about this topic, please contact Josh Klaetsch, Director of Investor Relations, at 701-837-7104, or IR@centerspacehomes.com.

Contact Information
Josh Klaetsch
Phone: 701-837-7104
Email: IR@centerspacehomes.com

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SOURCE Centerspace

FAQ

What are the key achievements in Centerspace's (CSR) 2024 ESG Report?

Centerspace's 2024 ESG Report highlights achieving 81% energy usage data coverage, completing their second GRESB submission, and launching a Manager in Training program. The report also aligns with GRI's 2024 Universal Standards and Topic Standards.

How many apartment communities does Centerspace (CSR) currently own?

As of 2024, Centerspace owns 70 apartment communities consisting of 12,883 homes located across Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota.

When did Centerspace (CSR) establish its Environmental, Social, and Governance Committee?

Centerspace established its Environmental, Social, and Governance (ESG) Committee in 2019 to lead identification, implementation, and tracking of various sustainability initiatives.

Has Centerspace (CSR) received any workplace recognition recently?

Yes, Centerspace was named a top workplace for the fifth consecutive year in 2024 by the Minneapolis Star Tribune.