Rexford Industrial Unveils Comprehensive ESG Impact and TCFD Reports for Sustainable Future
Rexford Industrial Realty, Inc., a notable real estate investment trust listed on the NYSE under the ticker REXR, has made significant strides in promoting sustainable practices within its operations. On June 5, 2025, the company released its 2024 Environmental, Social, and Governance Impact (ESGi) Report along with its Task Force on Climate-Related Financial Disclosures (TCFD) report. These comprehensive documents underscore Rexford's commitment to fostering a more sustainable future through its current real estate initiatives in Southern California.
According to Michael Frankel and Howard Schwimmer, Co-CEOs of Rexford Industrial, the company’s ESGi strategy has yielded measurable benefits across various sectors, including environmental conservation. The 2024 report indicates that the company successfully avoided around 28,500 metric tons of emissions. This achievement is attributed to efforts such as repurposing infill buildings, enhancing rooftop solar energy, and working collaboratively with tenants to adopt eco-friendly practices.
The company’s focus on environmental stewardship aims not only to mitigate emissions but also to foster a green operational ethos among its tenants. Such initiatives highlight the increasing importance of environmental considerations in real estate, particularly as urban spaces become denser and more resource-intensive.
Rexford Industrial's ESG efforts extend beyond environmental sustainability. The firm claims to have generated an estimated $1.5 billion in societal impact through various initiatives focused on community improvement. This includes infrastructure upgrades, safety enhancements, job creation, and workforce development activities. The engagement of their workforce in volunteer programs further exemplifies their dedication to community service.
In 2024 alone, the company reported 3,379 employee volunteer hours. This community-focused approach has helped Rexford Industrial strengthen its position as a responsible corporate citizen, significantly impacting the neighborhoods in which it operates.
Good governance is paramount in establishing trust with stakeholders. Rexford Industrial has maintained a commitment to strong governance practices over the past year. Efforts such as improved cybersecurity measures and proactive shareholder engagement have established a framework of accountability and transparency that underpins the company’s strategic decisions. By reaching out to shareholders who represent approximately 94% of outstanding shares, Rexford seeks to ensure that investor perspectives are considered in its operational strategies.
The report details remarkable achievements for Rexford Industrial in the year, including:
The TCFD report provides further insight into the company's reassessment of climate-related risks and opportunities. By detailing strategies to enhance risk management and guide long-term capital planning, Rexford Industrial aims to bolster the resilience of its portfolio amidst an evolving environmental landscape.
Looking to the future, the company is keen to further develop asset-level decarbonization plans and expand its range of green building certifications. A continuous improvement in solar energy capacity and increased community engagement remain central to Rexford Industrial’s development strategy, reinforcing its position as a leader in the sustainable real estate sector.
For those interested in learning more about Rexford Industrial's sustainability goals, the comprehensive ESGi Report and TCFD Report can be accessed on their official website: www.rexfordindustrial.com/ESG.
By focusing on these critical areas, Rexford Industrial is not only enhancing its operational resilience but is also aligning itself with a broader commitment to social responsibility and environmental stewardship.
Emphasis on Environmental Sustainability
According to Michael Frankel and Howard Schwimmer, Co-CEOs of Rexford Industrial, the company’s ESGi strategy has yielded measurable benefits across various sectors, including environmental conservation. The 2024 report indicates that the company successfully avoided around 28,500 metric tons of emissions. This achievement is attributed to efforts such as repurposing infill buildings, enhancing rooftop solar energy, and working collaboratively with tenants to adopt eco-friendly practices.
The company’s focus on environmental stewardship aims not only to mitigate emissions but also to foster a green operational ethos among its tenants. Such initiatives highlight the increasing importance of environmental considerations in real estate, particularly as urban spaces become denser and more resource-intensive.
Societal Contributions
Rexford Industrial's ESG efforts extend beyond environmental sustainability. The firm claims to have generated an estimated $1.5 billion in societal impact through various initiatives focused on community improvement. This includes infrastructure upgrades, safety enhancements, job creation, and workforce development activities. The engagement of their workforce in volunteer programs further exemplifies their dedication to community service.
In 2024 alone, the company reported 3,379 employee volunteer hours. This community-focused approach has helped Rexford Industrial strengthen its position as a responsible corporate citizen, significantly impacting the neighborhoods in which it operates.
Governance and Transparency
Good governance is paramount in establishing trust with stakeholders. Rexford Industrial has maintained a commitment to strong governance practices over the past year. Efforts such as improved cybersecurity measures and proactive shareholder engagement have established a framework of accountability and transparency that underpins the company’s strategic decisions. By reaching out to shareholders who represent approximately 94% of outstanding shares, Rexford seeks to ensure that investor perspectives are considered in its operational strategies.
Key Achievements in 2024
The report details remarkable achievements for Rexford Industrial in the year, including:
- - Developing a strategy to reduce embodied carbon, aligning with Science-Based Targets initiative to reach net zero.
- - Increasing commitments to solar power generation to reach 29MW of installed or planned capacity.
- - Receiving ten LEED certifications, with one of their projects earning LEED Gold, showcasing excellence in sustainable building practices.
- - Gaining the Platinum Green Lease Leader designation, which acknowledges leadership in sustainable leasing practices.
- - Investing more than 7,000 hours in employee learning and development programs to nurture talent and enhance workplace skills.
- - Achieving full employee participation in training sessions aimed at promoting inclusion and reducing bias within the workplace.
A Forward-Looking Approach
The TCFD report provides further insight into the company's reassessment of climate-related risks and opportunities. By detailing strategies to enhance risk management and guide long-term capital planning, Rexford Industrial aims to bolster the resilience of its portfolio amidst an evolving environmental landscape.
Looking to the future, the company is keen to further develop asset-level decarbonization plans and expand its range of green building certifications. A continuous improvement in solar energy capacity and increased community engagement remain central to Rexford Industrial’s development strategy, reinforcing its position as a leader in the sustainable real estate sector.
For those interested in learning more about Rexford Industrial's sustainability goals, the comprehensive ESGi Report and TCFD Report can be accessed on their official website: www.rexfordindustrial.com/ESG.
By focusing on these critical areas, Rexford Industrial is not only enhancing its operational resilience but is also aligning itself with a broader commitment to social responsibility and environmental stewardship.
Topics General Business）
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