Reit Magazine - January/February 2021 - 64

WHAT ARE KEY GOALS FOR
NAREIT COUNCILS IN 2021?

64 |

Troy McHenry
EVP, Chief Legal Officer &
General Counsel
Healthpeak Properties, Inc.
Corporate Governance Council Chair

Ben Myers
VP, Sustainability
Boston Properties, Inc.
Real Estate Sustainability Council
(RESC) Chair

Carolyn Carter Singh
EVP, Chief Talent Officer
Brixmor Property Group Inc.
Social Responsibility Council Co-Chair

The council's principal goals
will seek to further enrich the
exchange of corporate governance and
policy-related information.
The pandemic has brought to the forefront pertinent ESG issues, and related
governance practices and compliance
matters are more important now than
ever. We are also cognizant that a " onesize-fits-all " approach does not necessarily
apply given the distinct real estate sectors.
Accordingly, our objectives are focused on
facilitating the peer exchange of information and initiatives, which could serve as a
reference point for REITs as they consider modifications to their governance
framework.
Robust REIT governance and effective
shareholder and stakeholder engagement-coupled with active oversight by
diverse, independent boards-benefit REIT
shareholders, workforces, and the communities they serve. In 2021, our council
looks forward to supporting corporate
governance policies that promote these
aims and foster transparent, efficient, and
diverse U.S. capital markets.

It is an encouraging time to be
leading the sustainability movement as RESC chair. Many of our council
members are finding the wind at their
backs as stakeholder action on sustainability issues continues to grow in scope
and ambition. Leaders like BlackRock
are placing sustainability at the center of
their investor approach and Microsoft has
declared that they will be carbon negative
by 2030. Cities are adopting and rapidly
advancing energy code updates, carbon
performance, and net zero regulations.
New federal leadership has vowed to make
the environment a priority, and public
awareness of sustainability issues has
never been greater.
In the coming year, our council will continue to define best practices and share
lessons learned across a range of issues,
from carbon neutrality, healthy buildings
and resilience, to data standards, ESG ratings, and disclosures.
I believe the magnitude of the environmental challenges we face is matched by
the ambition and optimism of REITs. We
have a responsibility to lead by example,
and based on my experience as RESC
chair, I am confident that the REIT
community is up to the task. "

The pandemic and the calls for
social justice have underlined
in a big, bold way the importance and
urgency of all that the " S " is ESG encompasses: employee connectivity and
engagement, health and safety, growing
diversity, enhancing inclusion, and community impact including volunteerism. I
am looking forward to working with council
co-chair, Colleen McKeown of Prologis, Inc.,
to make significant strides in 2021.
We're just getting started but feeling energized that the council is already
comprised of 38 of our colleagues who
collectively represent every REIT sector.
Up first is developing measurable social
responsibility initiatives to create systemic
improvement in our REIT community. The
council affords all of us networking opportunities and necessary resources in the
social responsibility arena. Onward! "

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Reit Magazine - January/February 2021

Table of Contents for the Digital Edition of Reit Magazine - January/February 2021

Contents
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Reit Magazine - January/February 2021 - Contents
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