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Interactive digital report details the Company’s ESG goals and achievements, including recent designation as a Green Lease Leader by IMT and the U.S. Department of Energy
Physicians Realty Trust (NYSE: DOC) (the "Company") announced today the publication of the Company’s inaugural Environmental, Social, and Governance (ESG) Report. The comprehensive and fully interactive report, available digitally at www.docreit.com/esg, details the Company’s ESG achievements to date while identifying measurable benchmarks to ESG growth in the years ahead.
"We are immensely proud to share this report. Beyond sharing our achievements to date, it illustrates to our shareholders and our healthcare partners DOC’s long-term commitment to being an ESG leader," said John Thomas, President & Chief Executive Officer. "Today is an important step in an ongoing process to be transparent regarding our ESG successes, as well as areas where we can continue to improve, so that we can be held accountable by the partners we serve."
The inaugural report is presented in an environmentally sustainable electronic format, both as an interactive website and a downloadable executive summary PDF. The full site includes videos, a CEO interview, and other interactive features. The executive summary and the website each cover the Company’s three-year environmental, social, and governance goals, benchmarks, and successes to date.
In particular, DOC is pleased to share significant progress on three-year environmental goals established in 2019 to reduce energy, emissions, and water usage, while increasing waste diversion, by 10 percent each. The environmental section also touches on sustainability-driven capital improvements and certifications such as LEED, IREM® CSP, ENERGY STAR®, and the Company’s newest certification, Green Lease Leaders.
Green Lease Leaders is a program spearheaded by the Institute for Market Transformation (IMT), in partnership with the U.S. Department of Energy’s Better Buildings Alliance. This certification recognizes companies for their green leasing practices as a means to create win-win strategies for building owners and tenants by aligning the costs and benefits of sustainability investments for both parties. DOC is proud to have earned the Green Lease Leaders Gold designation earlier this month.
Socially, the report details ongoing efforts in the areas of philanthropy, volunteerism, employee wellness, diversity & inclusion initiatives, healthcare partner engagement, and more. From a governance perspective, the report highlights DOC’s commitment to transparency, board structure, and policies to uphold rigorous ethical and human rights standards for the Company and its partners.
"We firmly believe that investing in all facets of sustainability—throughout our business and across our portfolio—is part of our responsibility as a company," Thomas said. "Investing in our properties through sustainable upgrades reduces our operating costs, generating long-lasting savings for our healthcare partners and driving shareholder returns. Continued investments in social initiatives benefitting our team members and communities—while maintaining a strong focus on governance best practices—ensures that we sustain Physicians Realty Trust’s Invest in better® culture for many years to come."
To access the report, visit www.docreit.com/esg.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company is a Maryland real estate investment trust and has elected to be taxed as a REIT for U.S. federal income tax purposes. The Company conducts its business through an UPREIT structure in which its properties are owned by the Operating Partnership, directly or through limited partnerships, limited liability companies or other subsidiaries.
This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", "continue", "intend", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements may include statements regarding the Company’s strategic and operational plans, the Company’s ability to generate internal and external growth, the future outlook, anticipated cash returns, cap rates or yields on properties, anticipated closing of property acquisitions, ability to execute its business plan, and the impact of the COVID-19 pandemic on the Company’s business. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (the "Commission"), including, without limitation, the Company’s annual and periodic reports and other documents filed with the Commission. Unless legally required, the Company disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events or otherwise. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading "Risk Factors" included in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 filed by the Company with the Commission on May 8, 2020 and the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed by the Company with the Commission on February 27, 2020.
Source: Physicians Realty Trust
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Physicians Realty Trust
John T. Thomas
President and CEO
Jeffrey N. Theiler
Executive Vice President and CFO