Potential offtaker

Ventas, Inc.

www.ventasreit.com

Estimated electricity consumption

N/A

Countries of production presence

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Ventas, Inc. is a leading real estate investment trust (REIT) in the United States that specializes in the healthcare sector. The company has a diverse portfolio of properties, including senior housing communities, medical office buildings, hospitals, and skilled nursing facilities. With over 1,200 properties in its portfolio, Ventas is one of the largest healthcare REITs in the world.

As a responsible corporate citizen, Ventas is committed to reducing its carbon footprint and promoting sustainability. The company has set a goal to achieve carbon neutrality by 2050, and it has implemented various initiatives to achieve this target. One of the key strategies is decarbonisation, which involves reducing the carbon intensity of its operations and properties. Ventas has identified energy efficiency as a critical area for decarbonisation, and it has implemented various measures to reduce energy consumption and greenhouse gas emissions.

Corporate energy is another area of focus for Ventas, as the company recognizes the importance of sourcing energy from renewable sources. The company has signed several power purchase agreements (PPAs) with renewable energy providers, which enable it to purchase electricity from wind and solar farms at a fixed price for a long-term period. These corporate PPAs not only provide a reliable and cost-effective source of energy but also help to reduce the company's carbon footprint.

In addition to corporate PPAs, Ventas has also invested in renewable energy projects, such as solar panels and geothermal systems, to generate clean energy on-site. The company has installed solar panels on several of its properties, which not only reduce energy costs but also provide a source of renewable energy. Ventas has also implemented geothermal systems in some of its properties, which use the natural heat of the earth to heat and cool buildings, reducing the need for traditional heating and cooling systems.

Ventas has also implemented various other sustainability initiatives, such as water conservation, waste reduction, and sustainable sourcing. The company has set a target to reduce water consumption by 20% by 2025, and it has implemented various measures to achieve this goal, such as installing low-flow fixtures and implementing water-efficient landscaping. Ventas has also implemented waste reduction initiatives, such as recycling and composting, to reduce the amount of waste sent to landfills.

Sustainable sourcing is another area of focus for Ventas, as the company recognizes the importance of responsible sourcing practices. The company has implemented a sustainable procurement policy, which requires suppliers to meet certain sustainability criteria, such as environmental and social standards. Ventas also works with suppliers to identify opportunities for sustainable sourcing, such as using recycled materials or reducing packaging waste.

In addition to its sustainability initiatives, Ventas is also committed to corporate social responsibility. The company has a strong commitment to diversity, equity, and inclusion, and it has implemented various programs to promote these values. Ventas also supports various charitable organizations and community initiatives, such as providing affordable housing and supporting healthcare research.

In conclusion, Ventas, Inc. is a leading healthcare REIT in the United States that is committed to sustainability and corporate social responsibility. The company has implemented various initiatives to reduce its carbon footprint, promote renewable energy, and promote responsible sourcing practices. Ventas is a leader in the healthcare sector and is setting an example for other companies to follow in promoting sustainability and corporate social responsibility.

✓ Science Based Targets member
✓ Declared Net Zero commitment