Leveraging the priority topics identified in our GRI materiality assessment, Ventas has set measurable goals to make meaningful progress in each of our ESG strategy pillars: People, Performance and Planet. The goals are aligned with nine of the United Nations Sustainable Development Goals (UN SDGs) where we believe we can make the most impact.
Goals and Achievements
|STATUS KEY:||ACHIEVED||ON TRACK/PARTIALLY ACHIEVED||BELOW TARGET|
|TALENT ATTRACTION AND RETENTION||Overall employee engagement in top half of peer benchmark||Employee Engagement in 59th percentile of peer benchmark in 20211 ; 91% participation in 2021|
|Provide an employee medical health benefits package that exceeds a national cross-industry benchmark||Our medical health benefits package exceeded the peer benchmark by 48% in 2020 and 36% in 2021|
|Minimum wage of $17/hour for full-time employees by 2024||As of 12/31/2021, 99.1% of employees earned at least $17/hour|
|Annual goal of 0 lost time incidents for employees||Two lost time incidents in 2021; one to-date in 2022 (as of 8/1/2022)|
|DIVERSITY, EQUITY AND INCLUSION||Employee gender balance (50% female: 50% male) across organization (+/- 5%)||Our 2021 employee gender ratio was 47% female: 53% male; as of 6/30/2022 our employee gender ratio is 46% female: 54% male|
|Maintain or exceed 30% women on our Board of Directors||As of 12/31/2021, our board was 36% female; as of 6/30/2022 our board remains 36% female|
|Achieve 25% female representation among Ventas Leadership by 20232||As of 12/31/2021, our leadership was 32% female; as of 6/30/2022 our leadership is 31% female|
|TENANT, RESIDENT AND OPERATOR SATISFACTION||Achieve MOB overall tenant satisfaction above peer benchmark (Kingsley Index) and at least 1% annual increase||Our MOB tenant satisfaction survey results exceeded the Kingsley benchmark and increased by 1% in 2021|
|Achieve Life Science, R&I overall tenant satisfaction above peer benchmark (Kingsley Index) and at least 1% annual increase||Our Life Science, R&I tenant satisfaction survey results exceeded the Kingsley benchmark, but decreased by 2% in 2021|
|Derive at least 80% of Seniors Housing NOI from tenants/operators that conduct resident satisfaction surveys||As of 6/30/2022, 94% of our Senior Housing NOI3 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||As of 6/30/2022, 100% of our NNN NOI3 was from agreements requiring compliance with health and safety laws|
|RESPONSIBLE INVESTMENT||Achieve LEED Silver or better on 100% of new R&I developments||As of 6/30/2022, 100% of our R&I developments are on track to achieve LEED Silver or better|
|Evaluate the cost and feasibility of LEED or equivalent for all new developments||As of 6/30/2022, 100% of our new developments have been evaluated for LEED cost and feasibility|
|CLIMATE CHANGE||Less than 10% of annual NOI from properties in high risk areas (FEMA Zone A)||As of 6/30/2022, 4% of our NOI3,4 was from properties in high flood risk zones|
|100% of non-NNN leased assets have emergency plans in place||As of 6/30/2022, 100% of our non-NNN assets have emergency plans in place|
|Develop a net-zero carbon emissions goal and implementation strategy by 2022||In March 2022, Ventas announced a goal to achieve net-zero operational carbon (scopes 1 and 2) by 2040, including a three-pronged strategy to achieve|
|ENVIRONMENT||GHG Emissions: Reduce Scopes 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||Since 2018, we have reduced our total Scope 1 and Scope 2 emissions by 16.3% and Scope 3 emissions by 3.2% (flat and a 1.5% reduction from 2020, respectively)5, 6|
|Energy: Reduce intensity (MWh/1,000 SF) for properties in our environmental control boundary by 20% over 10 years (2% annually)||Since 2018, we have reduced the energy intensity of properties within our environmental boundary by 21.5%, achieving our 10-year goal 6 years early5|
|Water: Reduce intensity (cubic meters/1,000 SF) for properties in our environmental control boundary by 20% over 10 years (2% annually)||Since 2018, we have reduced the water intensity of properties within our environmental boundary by 3.0%5|
|Waste: recycling programs at 100% of assets within our environmental control boundary by 2028||At the end of 2021, we had recycling services available at 49% of properties within our environmental boundary|
- In 2021 we transitioned administration of our employee engagement survey from Gartner to Gallup, resulting in a different methodology for measuring employee engagement and a different benchmark
- Leadership defined at Ventas as VP-level and above, including Executive Officers
- Trailing Twelve Months of NOI through 6/30/2022
- Denominator excludes 2.8% of NOI where flood zone is unmapped or unavailable.
- Emissions, energy, and water data are time-weighted by property for the period of ownership.
- 2020 scope 3 emissions have been adjusted due to changes in our estimation methodologies.