LXP Industrial Trust Publishes 2022 Corporate Responsibility Report and Announces 2023 GRESB® Results

Rhea-AI Summary

LXP Industrial Trust has published its 2022 Corporate Responsibility Report, highlighting its environmental, social, governance, and resilience initiatives. The report aligns with established reporting frameworks and emphasizes the company's commitment to sustainability.

Positive

• LXP improved its 2023 GRESB® Real Estate Assessment results, increasing its overall score by five points to 74. It also maintained first place ranking and an 'A' in public disclosure, with a nine-point increase in public disclosure score to 96. The company executed over five million square feet of green leases and achieved approximately 2.8 million square feet of green building certifications. LXP was named a 2023 Green Lease Leader with Gold recognition and became a member of ENERGY STAR Certification Nation. It exceeded the Kingsley Index's overall satisfaction rate in its 2023 tenant satisfaction survey. LXP also partnered with the Real Estate Exchange and installed RadGreen indoor air quality sensors at its corporate offices. The company achieved inclusion in the 2023 Bloomberg Gender-Equality Index and was recognized as one of the Best Companies to Work for in New York. Jamie Handwerker was appointed as Lead Independent Trustee.

Negative

• None.

Improved 2023 GRESB® Overall Score Five Points and Maintained “A” for Public Disclosure

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it published its 2022 Corporate Responsibility Report. The report highlights LXP’s environmental, social, governance and resilience (ESG+R) initiatives, progress and accomplishments in 2022. LXP continues to align its report with established reporting frameworks, including Global Reporting Initiative (GRI), the Task Force on Climate-Related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB) and the United Nations Sustainable Development Goals.

T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, “Our 2022 Corporate Responsibility Report highlights the continual development and enhancement of LXP’s ESG+R program, including the implementation of additional socially responsible operations and the creation of sustainable platforms. We are focused on continuing to engage with stakeholders and supporting their needs through analyzing and improving upon our data metrics, fostering connections in our local communities and adhering to governance best practices.”

LXP’s Corporate Responsibility Report can be found on LXP’s website at https://www.lxp.com/resources/.

In addition to publishing its 2022 Corporate Responsibility Report, other ESG-related accomplishments LXP has achieved year-to-date in 2023 include:

• Improved 2023 GRESB® Real Estate Assessment results when compared to 2022
  
  • Ranked third in the U.S. Industrial: Distribution/Warehouse, Listed Peer Group, increasing overall score five points to 74
    
  • Maintained first place ranking and an “A” in public disclosure among U.S. Industrial Peer Group and significantly increased public disclosure score nine points to 96
    
    
• Executed over five million square feet of green leases in its consolidated portfolio

• Achieved approximately 2.8 million square feet of green building certifications

• Named 2023 Green Lease Leader with Gold recognition by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance

• Became a member of ENERGY STAR Certification Nation, with five buildings earning ENERGY STAR certifications in 2022 – recognized as being among the most energy-efficient buildings in the nation

• Exceeded the Kingsley Index’s overall satisfaction rate in LXP’s 2023 tenant satisfaction survey

• Partnered with the Real Estate Exchange, a program focused on providing educational and career opportunities in commercial real estate for high achieving, diverse students

• Installed RadGreen indoor air quality sensors at LXP corporate offices to monitor indoor air quality for its employees

• Achieved inclusion in the 2023 Bloomberg Gender-Equality Index

• Recognized as a 2023 Best Companies to Work for in New York

• Appointed Jamie Handwerker as Lead Independent Trustee
  

ABOUT LXP INDUSTRIAL TRUST

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant warehouse and distribution investments across the United States. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit www.lxp.com.

Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Senior Vice President, Investor Relations
LXP Industrial Trust         
Phone: (212) 692-7200 E-mail: hgentry@lxp.com

What is LXP Industrial Trust's overall score in the 2023 GRESB® Real Estate Assessment?

LXP Industrial Trust's overall score in the 2023 GRESB® Real Estate Assessment is 74.

What is LXP Industrial Trust's ranking in the U.S. Industrial: Distribution/Warehouse, Listed Peer Group?

LXP Industrial Trust is ranked third in the U.S. Industrial: Distribution/Warehouse, Listed Peer Group.

What is LXP Industrial Trust's public disclosure score?

LXP Industrial Trust's public disclosure score is 96.

How many square feet of green leases did LXP Industrial Trust execute?

LXP Industrial Trust executed over five million square feet of green leases.

How many square feet of green building certifications did LXP Industrial Trust achieve?

LXP Industrial Trust achieved approximately 2.8 million square feet of green building certifications.

What recognition did LXP Industrial Trust receive as a Green Lease Leader?

LXP Industrial Trust was named a 2023 Green Lease Leader with Gold recognition.

What index did LXP Industrial Trust achieve inclusion in?

LXP Industrial Trust achieved inclusion in the 2023 Bloomberg Gender-Equality Index.

Who was appointed as Lead Independent Trustee of LXP Industrial Trust?

Jamie Handwerker was appointed as Lead Independent Trustee of LXP Industrial Trust.