THE ANGEL–(BUSINESS WIRE). The company is one of 499 on the overall list, which includes the largest public companies in the United States in diverse industries including healthcare, financial services, automotive manufacturing, retail and real estate.
According to the list, Newsweek wanted to “highlight those companies that take their environmental and social responsibilities as citizens of the country and the world more seriously than others”. Newsweek has partnered with global research and data firm Statista to analyze a variety of metrics, including publicly available performance data in the environmental, social and governance categories, combined with survey results from 11,000 US citizens about their perceptions of companies regarding corporate social responsibility. All items were weighted to arrive at a final score.
“We are honored to be recognized by a select group of peers for our commitment to sustainability, corporate responsibility and acting as good stewards of our environment and communities,” said John Kilroy, Kilroy Chairman and CEO. “Being included in this prestigious list alongside some of the most respected names in the industry is a great way to start the new year,” he added.
In 2021, the company expanded its sustainability leadership among the world’s most recognized organizations and ranking systems included in the GRESB 2021 Real Estate Assessment, the Dow Jones Sustainability World Index (DJSI) and the US Environmental Protection Agency’s National Top ( EPA) 100 list of the largest green electricity users. These awards and rankings underscore Kilroy’s exceptional leadership in industry-leading sustainability initiatives, policies and performance.
About Kilroy Realty Corporation
Kilroy Realty Corporation (NYSE: KRC, the “Company”, “Kilroy”) is a leading US landlord and developer with offices in San Diego, the greater Los Angeles area, the San Francisco Bay Area, the Pacific Northwest and in Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in creating a more sustainable real estate industry, the company’s approach to modern business environments helps fuel creativity and productivity for some of the world’s leading technology, entertainment, life sciences and business services companies.
The Company is a publicly traded Real Estate Investment Trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience in the development, acquisition and management of office, life science and mixed-use developments.
As of September 30, 2021, Kilroy’s stabilized portfolio totaled approximately 15.2 million square feet of primarily office and life science space that was 91.5% occupied and 93.9% leased. The company also had more than 1,000 residential units in Hollywood and San Diego, which had an average quarterly occupancy rate of 79.9%. In addition, the Company had six ongoing development projects with an estimated total investment of $2.6 billion, totaling approximately 3.0 million square feet of office and life science space.
A leader in sustainability and commitment to corporate social responsibility
The company is included in the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. The Company’s stabilized portfolio was 78% LEED certified, 44% Fitwel certified, the highest of any NGO, and 72% of eligible properties were ENERGY STAR qualified as of September 30, 2021.
The company has been recognized by GRESB as a listed sustainability leader in America for eight of the last nine years. Other honors include National Association of Real Estate Investment Trust (NAREIT) Leader-in-the-Light designation for eight consecutive years and ENERGY STAR Partner of the Year for eight years, as well as top ENERGY STAR designation for Sustainable excellence over the past six years.
A large part of the company’s foundation is its commitment to fostering employee growth, happiness and well-being while maintaining a diverse and thriving culture. For the second year in a row, the company has been included in the Bloomberg Gender Equality Index, which recognizes companies that are committed to supporting gender equality through policy development, representation and transparency.
Visit http://www.kilroyrealty.com for more information.
Forward-Looking Statements
This press release contains 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. Forward-looking statements are based on our current expectations, beliefs and assumptions and are not guarantees of future performance. By their nature, forward-looking statements are subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are beyond our control. Accordingly, actual performance, results and events may differ materially from those expressed or implied by the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, without limitation: global market and general economic conditions and their impact on our and our tenants’ liquidity and financial condition; adverse economic or real estate conditions generally and particularly in the states of California, Texas and Washington; risks related to our investment in real estate assets that are illiquid and trends in the real estate industry; non-performance or non-renewal of leases by tenants; any significant decline in tenant business; our ability to sub-let properties at or above current market prices; costs of compliance with government regulations, including environmental remediation; the availability of cash for distribution and debt service and the risk of default on debt obligations; increases in interest rates and our ability to manage interest rate risk; the availability of financing on attractive terms or at all, which may adversely affect our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and to refinance existing debt; a decline in real estate valuations, which may limit our ability to sell assets at attractive prices or to obtain or maintain debt financing, and which may result in write-downs or impairments; significant competition, which may reduce property occupancy and rental rates; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and divestments on announced terms; the ability to successfully operate acquired, developed and redevelopment properties; the ability to successfully complete development and redevelopment projects on time and within budget; delays or refusals in obtaining all required zoning, land use and other required permits, governmental permits and approvals for our development and redevelopment properties; increases in expected capital expenditures, tenant improvements and/or leasing costs; loss of leasehold on land on which some of our properties are located; adverse changes or enactments or implementations of tax laws or other applicable laws, regulations or statutes and business and consumer responses to such changes; risks associated with joint venture investments, including our lack of sole decision-making authority, our reliance on the financial condition of our partners and disputes between us and our partners; environmental uncertainties and risks associated with natural disasters; our ability to maintain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic and restrictions designed to prevent its spread on our business and the economy generally. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially affect our business and financial performance, see the factors discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 and in our others Filings included are the Securities and Exchange Commission. All forward-looking statements are based on information currently available and speak only as of the date they are made. We undertake no obligation to update any forward-looking statements contained in this press release that become untrue as a result of subsequent events, new information or otherwise, except as required to do so in connection with our ongoing requirements under federal securities laws.
source https://www.bisayanews.com/2022/01/19/kilroy-realty-named-top-10-real-estate-company-on-newsweeks-most-responsible-companies-list-for-2022/
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