ESG
GOALS

ESG Priorities

Ventas has organized its ESG strategy across three key pillars – People, Performance, Planet – and has set SMART (Specific, Measurable, Achievable, Relevant and Time-Bound) goals against each of these topics. The goals are closely aligned to the United Nations Sustainable Development Goals (UNSDG). We have identified nine SDGs where we can make an impact through strategic investment in our business and communities.

Starting with our priority ESG topics, we reviewed sustainability goals of our peers, partners, and ESG high-performers, and benchmarked our current practices against them to identify areas for improvement. We mapped findings on a maturity continuum and worked with internal Subject Matter Experts (SMEs) to build a portfolio of goals that align Ventas’s sustainability and business strategies.

Sustainable Development Goals

Goals and Achievements

TOPIC GOAL STATUS PERFORMANCE

People

TOPIC GOAL STATUS PERFORMANCE
TALENT ATTRACTION AND RETENTION Good Health and Well-Being Decent work and economic growth Reduced inequalities Maintain an overall employee engagement rate in the top half of companies compared to our peer benchmark
Target Date: ONGOING
Achieved 2019
On Track 2020
In 2018 and 2019, Ventas employee engagement was above the 50th percentile
Offer an employee health package that exceeds a cross-industry benchmark of almost 2,400 companies
Target Date: ONGOING
Achieved In 2018, Ventas’s employee health package was valued at 50% higher than the cross-industry benchmark
NEW Provide a minimum wage of $15 per hour to 100% of full-time employees, increasing to a minimum of $17 per hour by 2024
Target Date: 2024
On Track As of September 15, 2019, 99.6% of Ventas employees made ≥ $15 per hour
NEW Annual target of 0 lost time incidents for employees (health & safety)
Target Date: ONGOING
Achieve 2019
Missed 2020
1 lost time incident in 2018, 0 lost time incidents as of September 15, 2019
DIVERSITY, EQUITY AND INCLUSION Gender inequality Maintain 50:50 gender balance between male and female employees across our organization (+/- 5%)
Target Date: ONGOING
Achieved 2019
On Track 2020
In 2019, 48% of Ventas employees self-identified as female
Maintain or exceed 30% women on our Board of Directors
Target Date: ONGOING
Achieved 2019
On Track 2020
Our Board of Directors is currently 36% female, with four women Board members.
Achieve 25% female representation among Ventas Leadership by 2023
Target Date: 2023
Ongoing As of September 15, 2019, Ventas Leadership is 19% female
NEW Develop a Diversity, Equity & Inclusion Framework
Target Date: ONGOING
On Track  

Performance

TOPIC GOAL STATUS PERFORMANCE
TENANT, RESIDENT AND OPERATOR SATISFACTION Good Health and Well-Being Maintain our MOB Kingsley Index score for overall tenant satisfaction in the top half of the peer benchmark and increase our score one percentage point annually, as measured by Kingsley
Target Date: ONGOING
Achieved 2019
On Track 2020
In 2019, our MOB Kingsley Index score improved four percentage points and outperformed the peer benchmark
Achieve R&I Kingsley Index score for overall satisfaction in the top half of the peer benchmark by 2024, with improvements each year
Target Date: ONGOING
On Track In 2018 we conducted our inaugural Kingsley survey in our R&I portfolio. We achieved a strong satisfaction score that sets our baseline for future performance
Derive 80% or more of senior housing NOI from tenants or operators who conduct regular resident satisfaction surveys
Target Date: ONGOING
Achieved As of Q2 2019, 80% of seniors housing NOI is derived from tenants or operators who conduct regular resident satisfaction surveys
Maintain 100% of our NNN segment NOI from leases or agreements that contain provisions requiring compliance with applicable health and safety laws
Target Date: ONGOING
Achieved 2019
On Track 2020
We believe 100% of our leases or agreements include such provisions
RESPONSIBLE INVESTMENT Sustainable Cities and Communities Achieve LEED® Silver certification or better on 100% of our announced R&I pipeline
Target Date: ONGOING
Achieved 2019
On Track 2020
As of September 15, 2019, 100% of our active R&I pipeline developments are targeting LEED Silver certification or higher
Communicate to all development partners the importance of investigating and pricing LEED or other sustainability certification for all new projects, through discussions with C-suite leadership by 2020
Target Date: 2020
Achieved 2019
On Track 2020
We are developing a communications plan to implement this goal

Planet

TOPIC GOAL STATUS PERFORMANCE
CLIMATE CHANGE Good Health and Well-Being Derive less than 10% of annual NOI from properties in high flood risk areas (FEMA Zone A)
Target Date: ONGOING
Achieved In 2018, 4% of NOI derived from properties in FEMA Zone A
Ensure that 100% of non-NNN leased assets have emergency plans in place
Target Date: ONGOING
Achieved As of September 30, 2019, 100% of Ventas non-NNN assets have emergency plans in place
ENERGY AND EMISSIONS Good Health and Well-Being UPDATED Reduce Scope 1 & 2 and Scope 3 Emissions by 25% over 10 years
Target Date: 2028
On Track We are progressing toward this goal through energy efficiency projects such as LED lighting upgrades and HVAC optimization
UPDATED Reduce Energy use intensity by 20% over 10 years
Target Date: 2028
On Track We are progressing toward this goal through energy efficiency projects such as LED lighting upgrades and HVAC optimization
WATERGood Health and Well-Being UPDATED Reduce water use by 20% over 10 years
Target Date: 2028
On Track We are progressing toward this goal through water efficiency efforts such as low-flow fixtures and smart irrigation systems
WASTE Good Health and Well-Being UPDATED Recycling services available at 100% of assets within our environmental control boundary
Target Date: 2028
On Track We are progressing toward this goal by implementing recycling and composting in our portfolio