Rexford Industrial Realty: Leading in Sustainability and Community Engagement Initiatives
- Rexford Industrial Realty emphasizes sustainability with 28,500 metric tons of emissions avoided and 10 LEED certifications.
- The company estimates $1.5 billion in societal contributions through community engagement and local job creation initiatives.
- Rexford is enhancing climate risk management and employee inclusivity, with over 3,379 volunteer hours and extensive training participation.
Rexford Industrial Realty's Commitment to Sustainability and Community Engagement
Rexford Industrial Realty, Inc. (NYSE: REXR), known for its focus on industrial properties in Southern California, underscores its commitment to sustainability and community engagement with the release of its 2024 Environmental, Social and Governance Impact (ESGi) Report alongside the 2025 Task Force on Climate-Related Financial Disclosures (TCFD) Report. Co-CEOs Michael Frankel and Howard Schwimmer highlight a purpose-driven approach aimed at operational excellence and transparency, which serves as a cornerstone for generating stakeholder value. This commitment is reflected in the company's significant environmental achievements, including the avoidance of approximately 28,500 metric tons of emissions through building repurposing and enhanced solar capacity.
In 2024, Rexford Industrial's societal contributions reach an impressive estimate of $1.5 billion, largely attributed to initiatives in neighborhood revitalization, local job creation, and active community engagement. The company's governance practices also see enhancements, particularly in cybersecurity measures and shareholder outreach, with 94% of outstanding shares represented in these efforts. Notable accomplishments include the development of an embodied carbon reduction strategy and a substantial increase in solar power investments, now totaling 29 megawatts. Rexford also achieves 10 LEED certifications and secures the Platinum Green Lease Leader designation, signifying a strong commitment to green building practices.
Looking forward, Rexford Industrial aims to bolster its climate-related risk management and enhance long-term capital planning. Plans are underway to develop asset-level decarbonization strategies, expand green building certifications, and deepen community engagement initiatives. These forward-thinking strategies are indicative of Rexford's commitment to not only a sustainable future but also to fostering resilience and long-term growth for its stakeholders and team members.
In addition to its environmental initiatives, Rexford Industrial emphasizes employee development and inclusivity, with 100% participation in inclusion training and over 7,000 hours dedicated to employee learning and development. The company also encourages volunteerism, with employees contributing 3,379 volunteer hours to various community projects. This holistic approach to sustainability and community involvement positions Rexford Industrial as a leader in the industrial real estate sector, demonstrating that corporate responsibility and profitability can go hand in hand.