Report Details the Company’s Continued Dedication to Environmental, Social, and Governance (ESG) Practices
On June 5, 2023, Physicians Realty Trust (the “Company”) released its fourth annual ESG Report, detailing its continued progress toward its sustainability goals and notable achievements in managing its environmental impact, contributing to reduced costs for health care providers at its properties through capital investments, promoting team and community engagement, and implementing effective governance practices.
“We continued to make positive strides in our long-term efforts to deliver best-in-class results for our shareholders and communities during 2022,” said John T. Thomas, the Company’s President & Chief Executive Officer. “We’re proud of our real, meaningful, and measurable achievements, but we recognize that our work continues every day as we Invest in better® to become a leader in the health care and real estate industry.”
He concluded, “Heading into 2023, we took steps to enhance our sustainability team, including hiring Jordan Ivans as our Director of Sustainability and Energy Project Management in a dedicated position. Jordan’s experience and expertise will help us improve DOC’s data-driven approach to energy management technology and innovation. We believe the steps we’ve taken and the investments we’ve made this year already, together with the additional efforts we intend to make in 2023, will benefit our outpatient medical facility health care providers, their patients, and their local communities.”
In 2022, we continued to advance our sustainability efforts by:
- Achieving ENERGY STAR® Certification Nation Premier Member status as a result of receiving 16 new property certifications, totaling 26 certifications since 2021
- Earning 10 new Institute of Real Estate Management (IREM®) Certified Sustainable Property designations, totaling 38 certifications since 2019
- Identifying and executing diversity, equity, and inclusion (DEI) initiatives in the areas of recruitment and development, company policies, and community outreach
- Increasing our spending with certified diverse vendors by 102% over a 2020 baseline while setting ambitious new supplier diversity targets
Through our sustainability leadership, we earned the following industry distinctions:
- ENERGY STAR® Partner of the Year recognition for the second time in three years
- Global Real Estate Sustainability Benchmark (GRESB) Public Disclosure Level score of 98 out of 100, ranking first in our health care comparison group
- GRESB Green Star rating and a score of 75 out of 100 for the second consecutive year
- 2022-2023 Green Lease Leaders Platinum Certification by the Institute for Market Transformation and the Department of Energy Better Buildings Alliance, the only health care REIT attaining this designation
- ISS ESG Corporate “Prime” rating, recognizing our dedication to ESG performance and disclosure
- Recognized for Excellence in DEI by the CRE Insight Journal
- Top Workplaces honors from the Milwaukee Journal Sentinel for the sixth consecutive year in 2023
- Modern Healthcare Best Places to Work recognition for the third consecutive year in 2023
- Bloomberg Gender-Equality Index member as a first-time submitter in January 2023
Physicians Realty Trust’s 2022 ESG Report, which includes team member interview content, is available online at www.docreit.com/esg.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed health care real estate company organized to acquire, selectively develop, own, and manage outpatient medical properties that are leased to physicians, hospitals and health care delivery systems. The Company invests in real estate that is integral to providing high quality health care. The Company is a Maryland real estate investment trust and has elected to be taxed as a REIT for U.S. federal income tax purposes. The Company conducts its business through an UPREIT structure in which its properties are owned by the Operating Partnership, directly or through limited partnerships, limited liability companies or other subsidiaries.
This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, “continue”, “intend”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements may include statements regarding the Company’s strategic and operational plans, the Company’s ability to generate internal and external growth, the future outlook, anticipated cash returns, cap rates or yields on properties, anticipated closing of property acquisitions, and ability to execute its business plan. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (the “Commission”), including, without limitation, the Company’s annual and periodic reports and other documents filed with the Commission. Unless legally required, the Company disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events or otherwise. For a discussion of factors that could impact the Company’s results, performance, or transactions, see Part I, Item 1A (Risk Factors) of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022.