CENTERSPACE ANNOUNCES SIXTH ANNUAL ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT
Rhea-AI Summary
Centerspace (NYSE: CSR), a multifamily property owner and operator, has published its 2024 Environmental, Social, and Governance (ESG) Report along with its first Task Force on Climate Related Financial Disclosures (TCFD) report. The company achieved notable milestones including meeting four of five ESG goals two years ahead of schedule and improving its GRESB score from 63 to 70.
The report aligns with GRI's 2024 Universal Standards and Topic Standards and the United Nations Sustainable Development Goals. Centerspace, which owns 73 apartment communities with 13,773 homes across seven states, demonstrates its commitment to sustainable business practices and climate risk mitigation through improved disclosures and operational initiatives.
Positive
- Met four of five ESG goals two years ahead of schedule
- GRESB score improved from 63 to 70
- Successfully graduated inaugural Manager in Training class
- Named a top workplace for sixth consecutive year
Negative
- None.
News Market Reaction
On the day this news was published, CSR declined 1.89%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
In 2024, Centerspace prepared its annual ESG report in alignment with GRI's 2024 Universal Standards and Topic Standards and the United Nations Sustainable Development Goals. Other key accomplishments include meeting four of five ESG goals two years ahead of schedule, completing an updated materiality assessment, raising its GRESB score from 63 to 70, and the graduation of the company's inaugural Manager in Training class.
Centerspace is dedicated to continuous improvement in disclosure as well as climate risk mitigation. Its inaugural TCFD report serves as a foundation to manage climate risk and align with industry-standard reporting frameworks.
"These accomplishments showcase our commitment to 'Better Every Days' and position us to synthesize continued growth with care for our environment and community," 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 ESG Page of the Centerspace website at the link below:
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, Centerspace owns 73 apartment communities consisting of 13,773 homes located in
If you would like more information about this topic, please contact Josh Klaetsch, Investor Relations, at (952) 401-6600 or IR@centerspacehomes.com.
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SOURCE Centerspace
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