Our Commitment to ESG

At Essex, we understand the importance of Environmental, Social, and Governance (ESG) best practices, their impact on our business, and how they contribute to the organization's success. With better data and proven programs, we have expanded our ESG efforts across our portfolio, decreased our environmental footprint, and improved the lives of our residents and associates alike.


View our Current ESG Report

 

Our Values

With our company values of Act With Integrity, Care About What Matters, Lead At Every Level, Do Right With Urgency, and Seek Fairness, we are focused on providing a positive workplace that celebrates employee engagement, learning and development opportunities, performance management, wellness and benefits, and diversity and inclusivity.

Essex Values Culture

ESG Highlights

 

24.2%

Decrease in Scope 1
and 2 GHG emissions

298%

Increase in PV solar

47%

Waste diversion rate

56%

Board of Directors
are women

Gender Pay Parity
across Essex

53%

Managerial positions
self-identify as diverse

Goals & Progress

We are excited to give the first progress report on ESG goals that we introduced in our 2022 ESG Report. These goals include reducing our environmental impact, increasing the impact in the communities in which we operate, and maintaining our commitment to equity.

Energy

Energy

Metric: Reduce operational controlled like-for-like energy usage by 20% from 2018 baseline by 2030
Progress to date: 54% to goal
2023 usage: 243,299 MWh (11% reduction)

Water

Water

Metric: Reduce whole building like-for- like water usage by 10% from 2021 baseline by 2030
Progress to date: 20% to goal
2023 usage: 2,833,142 Kgal (2% reduction)

Waste

Waste

Metric: Direct 50% of waste by 2030
Progress to date: 95% to goal
2023 diversion: 47.4%

Carbon Dioxide

Emissions

Metric: Reduce Scope 1 and Scope 2 GHG Emissions by 35% from 2018 baseline by 2030
Progress to date: 69% to goal
2023 emissions: 43,363 mTCO2e (24.2% reduction)

community service

Community Service

Metric: Increase associates who use annual VTO hours by 100% between 2022-2025
Progress to date: 17% to goal
2023 volunteering: 108 associates registered VTO hours

Wellness

Wellness

Metric: Increase associate engagement in wellness programs to 75% by 2025
Progress to date: 97%
2023 wellness: 71% of associates were registered with our wellness platform

Philanthropy

Philanthropy

Metric: Donate $3 million to charitable causes between 2021-2030
Progress to date: 17%
2023 contributions: $414,000

DEI

DEI

Metric: Maintain gender pay parity
Progress to date: Developed a robust, multiple regression analysis model, confirming pay decisions were not based on gender in 2023. We continue to maintain our gender pay parity.

Diversity

DEI

Metric: Disclose diversity data
Progress to date: Published Annual EEO-1 Report for 2023

AB1305: Essex does not purchase voluntary carbon offsets and Essex’s goals to reduce its Scope 1 and Scope 2 greenhouse gas emissions are not tied to the purchase of voluntary carbon offsets. Further information is included in our 2023 ESG Report.



United Nations Sustainable Development Goals (SDGs)

Aligning with the United Nations’ International Sustainable Development Goals (SDGs), our sustainable apartments and Corporate Social Responsibility strategy focus on reducing our environmental impact through solutions and technology surrounding energy efficiency, renewable energy generation, water conservation, and waste management. The result: sustainable living for our residents and a better planet for us all.

 

  • Goal 03 - Good Health Well Being
  • Goal 05 - Gender Equality
  • Goal 6 - Clean Water Sanitation
  • Goal 07 - Affordable Clean Energy
  • Goal 08 - Decent Work Economic Growth
  • Goal 10 - Reduced Inequalities
  • Goal 11 - Sustainable Cities Communities
  • Goal 12 - Responsible Consumption Production
  • Goal 13 - Climate Action
  • Goal 16 - Peace, Justice and Strong Institutions

 

 

Sustainable Living Awards and Certifications

Since the inception of green building certifications, Essex has created sustainable apartments. Our team has achieved one or more green certifications on 42 communities to date, ensuring over 10,000 sustainable apartment homes for our residents.

GRESB Green Star

For the eighth consecutive year in 2023, Essex earned a “Green Star” from the Global Real Estate Sustainability Benchmark for its sustainable living performance.

U.S. Green Building Council

Essex has developed 17 apartment communities that are LEED Certified, including seven Gold and eight Silver certifications.

Build it Green: GreenPoint Rated

Essex has achieved GreenPoint Rated certifications from the most trusted independent green home certification program in California on nine ground-up development projects.

Energy Star

Essex is proud to partner with ENERGY STAR. 100% of our properties are benchmarked in ENERGY STAR and 13 communities hold ENERGY STAR certification.

IREM Certified Sustainable Property (CSP)

Essex has been awarded the IREM CSP for seven communities. IREM CSP assesses the sustainability performance of existing properties in five categories – energy, water, health, recycling, and purchasing.

Awards & Affiliations

Join us in celebrating the awards bestowed upon us.

ESG Reports

We invite you to download our latest ESG reports, which outline our environmental, social, and governance performance, and provide an overview of how we integrate ESG into our core business.

 

  • 2023 ESG Report

    2023

  • 2022 ESG Report - Essex

    2022

  • 2021 ESG Report - Essex

    2021

  • 2021 Task Force ESG Report - Essex

    2021 TCFD Report

  • 2020 ESG Report - Essex

    2020

  • 2019 ESG Report - Essex

    2019

  • 2018 ESG Report - Essex

    2018