Continuing to Build Best-In-Class ESG+R Platform
NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) — LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it published its 2021 Corporate Responsibility (“CR”) Report. The report focuses on LXP’s enhanced environmental, social, governance, and resilience (“ESG+R”) program for the 2021 calendar year. Further, the report aligns with multiple sustainability frameworks, including Global Reporting Initiative (GRI), the Task Force on Climate-Related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB) and the United Nations Sustainable Development Goals.
T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, “We are excited to release our second Corporate Responsibility Report, which features robust commentary and case studies on our sustainability accomplishments, strategies, initiatives and policies, as well as ESG+R performance across our portfolio. Our forward-thinking approach has allowed us to continue building a best-in-class ESG+R platform, in which we’ve made enhancements along the way to support our key stakeholders. We remain committed to sustainable practices at LXP and will continue to align with superior reporting standards and expand our program based on the needs of our stakeholders.”
LXP’s Corporate Responsibility Report can be found on LXP’s website at https://www.lxp.com/corporate-responsibility/.
In addition to publishing its 2021 CR Report, LXP has accomplished the following ESG-related initiatives year-to-date in 2022:
- Received an above global average score of “A” for public disclosure reporting from the GRESB® Real Estate Assessment and increased overall score compared to previous year
- Obtained over 1.3 million square feet in green building certifications in consolidated industrial portfolio, with additional square footage to be achieved by year-end
- Installed or committed to install LED lighting for approximately eight million square feet
- Executed 14 green leases in consolidated industrial portfolio
- Received a tenant satisfaction score of 4.11 out of 5 for the industrial portfolio, which exceeds the Kingsley Index benchmark for LXP’s peer group
- Joined the CREW Network CRE Pledge for Action, reinforcing commitment to promote women in the real estate industry
- Formed a female mentorship program to foster senior management sponsorship of other women within LXP
- Added to the 2022 Bloomberg Gender-Equality Index
- Recognized as a 2022 “Best Companies to Work for” in New York
- Appointed two new board members to the Board of Trustees, resulting in a Board refreshment of seven independent trustees since 2015
As previously disclosed, Richard Frary, LXP’s Independent Lead Trustee, will not stand for reelection at LXP’s 2023 Annual Meeting of Shareholders. The LXP Nominating Committee recently adopted a resolution to recommend Jamie Handwerker as the next Lead Trustee following her reelection at LXP’s 2023 Annual Meeting of Shareholders.
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant warehouse and distribution investments across the United States. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit www.lxp.com.
Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Senior Vice President, Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com
