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.
Goals and Achievements
| TOPIC | GOAL | 2020 STATUS | PERFORMANCE |
|---|
| TOPIC | GOAL | 2020 STATUS | PERFORMANCE |
|---|---|---|---|
TALENT ATTRACTION AND RETENTION    |
Overall employee engagement in the top half of peer benchmark Target Date: ONGOING |
Achieved | Employee engagement exceeded the peer benchmark by 3% in 2020 |
| Provide an employee medical health benefits package that exceeds a national cross-industry benchmark Target Date: ONGOING |
Achieved | Our medical health benefits package exceeded the peer benchmark by 45% in 2019 and 48% in 2020 | |
| Minimum wage of $15/hour for full-time employees, increasing to $17/hour by 2024 Target Date: 2024 |
$15/Hour Achieved |
As of 12/31/2020, 100% of employees earned at least $15/hour, and 99.1% earned at least $17/hour | |
| Annual goal of 0 lost time incidents for employees Target Date: ONGOING |
Below Target | One lost time incident in 2020; two to-date in 2021 (as of 8/20/2021) | |
DIVERSITY, EQUITY AND INCLUSION  |
Employee gender balance (50% female: 50% male) across our organization (+/- 5%) Target Date: ONGOING |
Achieved | Our 2020 employee gender ratio was 48% female: 52% male; As of 6/30/2021, our employee gender ratio is 47% female: 53% male |
| Maintain or exceed 30% women on our Board of Directors Target Date: ONGOING |
Achieved | As of 12/31/2020, our board was 36% female; as of 6/30/2021, our board remains 36% female | |
| Achieve 25% female representation among Ventas Leadership by 2023 Target Date: 2023 |
On Track | As of 12/31/2020, our leadership was 23% female; as of 6/30/2021, our leadership is 27% female | |
| Develop a Diversity, Equity & Inclusion Framework Target Date: FIRST HALF 2021 |
Achieved | We developed a five-pillar framework to drive lasting change throughout our company, our industry, our communities and the country |
| TOPIC | GOAL | 2020 STATUS | PERFORMANCE |
|---|---|---|---|
| TENANT, RESIDENT AND OPERATOR SATISFACTION |
Achieve an MOB overall tenant satisfaction score above the peer benchmark (Kingsley Index) and at least a 1% increase annually Target Date: ONGOING |
Achieved | Our MOB tenant satisfaction survey results exceeded the Kingsley benchmark and increased by 4% in 2020 |
| UPDATED Achieve a Life Science, R&I overall tenant satisfaction score above the peer benchmark (Kingsley Index) and at least a 1% increase annually Target Date: ONGOING |
Achieved | Our Life Science, R&I tenant satisfaction survey results were in the top half of the benchmark and increased by 5% in 2020 | |
| Derive 80% or more of Senior Housing NOI from tenants/operators that conduct resident satisfaction surveys Target Date: ONGOING |
Achieved | As of 6/30/2021, ~95% of our Senior Housing NOI was derived from tenants/operators that conduct resident satisfaction surveys | |
| 100% of NNN segment NOI from agreements requiring compliance with applicable health and safety laws Target Date: ONGOING |
Achieved | As of 6/30/2021, 100% of our NNN NOI was from agreements requiring compliance with health and safety laws | |
RESPONSIBLE INVESTMENT  |
UPDATED Achieve LEED Silver or better on 100% of new R&I developments Target Date: ONGOING |
Achieved | As of 6/30/2021, 100% of our R&I developments are on track to achieve LEED Silver or better |
| NEW Evaluate the cost and feasibility of LEED or equivalent for all new developments Target Date: ONGOING |
New! | To further our commitment to responsible development, we have a new goal of evaluating LEED for all new developments |
| TOPIC | GOAL | 2020 STATUS | PERFORMANCE |
|---|---|---|---|
CLIMATE CHANGE  |
Less than 10% of annual NOI from properties in high flood risk areas (FEMA Zone A) Target Date: ONGOING |
Achieved | As of 6/30/2021, 3% of our NOI was from properties in high flood risk zones |
| 100% of non-NNN leased assets have emergency plans in place Target Date: ONGOING |
Achieved | At the end of 2020, 100% of our non-NNN assets had emergency plans in place | |
| NEW Develop a net zero carbon emissions goal and implementation strategy by 2022 Target Date: 2022 |
New! | Ventas understands the importance of achieving net zero carbon emissions and is committed to developing a net zero strategy | |
ENVIRONMENT    |
UPDATED GHG Emissions: Reduce Scope 1, 2 and 3 emissions on an absolute basis by 30% by 2030 (2.5% annually); Scope 1 and 2 goal is validated by the Science Based Targets initiative Target Date: 2030 |
On Track | Since 2018, we have reduced our total Scope 1 and Scope 2 emissions by 13.5%, and Scope 3 emissions by 12.1% (4.9% and 7.4% reductions achieved in 2020, respectively) |
| Energy: Reduce intensity (MWh/1,000 SF) for properties in our environmental control boundary by 20% over 10 years (2% annually) Target Date: 2028 |
On Track | Since 2018, we have reduced the energy intensity of properties within our environmental boundary by 13.3%; we also achieved a 5.7% same-store reduction in 2020 over 2019 | |
| Water: Reduce intensity (cubic meters/1,000 SF) for properties in our environmental control boundary by 20% over 10 years (2% annually) Target Date: 2028 |
Behind | Since 2018, we have reduced the water intensity of properties within our environmental boundary by 1.2%; we also achieved a 2.6% same-store reduction in 2020 over 2019 | |
| Waste: recycling programs at 100% of assets within our environmental control boundary by 2028 Target Date: 2028 |
On Track | At the end of 2020, we had recycling services available at 48% of properties within our environmental boundary |