CareTrust Publishes Third Annual Corporate Sustainability Report
12 October 2023 - 7:10AM
Business Wire
CareTrust REIT, Inc. (NYSE: CTRE) today announced details of
progress the company made toward its Environmental, Social, and
Governance (ESG) initiatives in its third annual Corporate
Sustainability report. The report demonstrates how CareTrust, with
properties exclusively controlled and operated by tenants under
triple-net master leases can track, educate, and promote
sustainable operating decisions.
“This report showcases our advancements in several key
initiatives over a short period of time,” said Dave Sedgwick,
President and CEO of CareTrust REIT. Highlights of the report
include the following:
- A portfolio-wide physical climate risk assessment
- Integration of our ESG checklist into the acquisition
process
- Funding of several environmental improvement projects through
our tenant incentive program
- Development and implementation of our triple net “Green
Lease”
- The commencement of Waste Tracking
- Continued investment in professional development
- Alignment of the CS Report in reference to the Global Reporting
Initiative Standards
- Engagement with Cybersecurity firm to safeguard company
data
“This report, among many initiatives, shows our alignment with
the Global Reporting Initiative Standards and answers the question
of how a landlord, with unique triple-net lease constraints can
make meaningful progress across an array of corporate
responsibilities,” Mr. Sedgwick said.
Operators at CareTrust facilities are able to participate in
various ESG initiatives that strengthen their day-to-day operations
while improving working conditions for staff and upholding higher
standards in care for patients and residents. CareTrust relies
exclusively on triple-net master leases and capital expenditures
funded for properties which make the initiatives possible.
CareTrust is not considered a Seniors Housing Operating Portfolio
(SHOP) nor designed under the REIT Investment Diversification and
Empowerment Act (RIDEA) model—making its ESG Program unique,
innovative, and optimized to reduce risk while maximizing
improvements for its tenant-operators who embrace the program’s
principles and objectives.
The Annual Corporate Sustainability report correlates to Global
Reporting Initiative (GRI) Core Standards outlined at
globalreporting.org. The report and additional policies,
disclosures and information about the Company’s ESG initiatives are
organized in the investors section at caretrustreit.com.
About CareTrust REIT, Inc.
CareTrust REIT, Inc. is a self-administered, publicly traded
real estate investment trust engaged in the ownership, acquisition,
development and leasing of skilled nursing, seniors housing and
other healthcare-related properties. With a nationwide portfolio of
long-term net-leased properties, and a growing portfolio of quality
operators leasing them, CareTrust REIT is pursuing both external
and organic growth opportunities across the United States. More
information about CareTrust REIT is available at
www.caretrustreit.com.
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CareTrust REIT, Inc. (949) 542-3130
https://www.caretrustreit.com/contact/
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