AMB Property Corporation(R) Launches Corporate Sustainability Report and Website
16 September 2009 - 7:39AM
PR Newswire (US)
SAN FRANCISCO, Sept. 15 /PRNewswire-FirstCall/ -- AMB Property
Corporation (NYSE:AMB), a leading global owner, operator and
developer of industrial real estate, today released an online
corporate sustainability report and launched a website
(http://www.amb.com/sustainability) dedicated to sharing
information on the company's sustainability initiatives and global
best practices. These efforts highlight the company's commitment to
its industry-leading corporate governance, sustainability
practices, employee policies and charitable activities. This
website serves as a resource for customers, stockholders,
investors, employees and other interested parties seeking
information about AMB's global operations. "AMB has a long-standing
commitment to environmental responsibility, financial transparency,
employee development and community involvement," said Hamid R.
Moghadam, AMB's chairman & CEO. "We're enthusiastic about
sharing our sustainability initiatives and expanding these positive
impacts on our global business. Our approach to sustainability has
been guided by AMB's commitment to enduring excellence; it is this
mission that will continue to drive progress and lead the way for
future improvements." "Incorporating sustainable features into our
buildings improves operating efficiencies and creates a competitive
advantage for AMB and our customers," said Steven Campbell, AMB's
senior vice president, director of Global Environmental &
Development Services. "In addition, we offer our customers a
significant opportunity to reduce their carbon footprints by
minimizing transportation costs. Our infill focus is about locating
our customers closer to their customers, ultimately reducing
environmental impacts while increasing efficiencies." AMB adhered
to the guidelines of the Global Reporting Initiative (GRI), an
international, multi-stakeholder network through which a recognized
sustainability reporting framework has been developed. The
company's report was externally assured by Two Tomorrows, a
world-leading sustainability consultancy, and meets GRI "B+"
reporting level requirements. AMB Property Corporation. Local
partner to global trade.(TM) AMB Property Corporation is a leading
owner, operator and developer of industrial real estate, focused on
major hub and gateway distribution markets in the Americas, Europe
and Asia. As of June 30, 2009, AMB owned, or had investments in, on
a consolidated basis or through unconsolidated joint ventures,
properties and development projects expected to total approximately
156.9 million square feet (14.6 million square meters) in 48
markets within 14 countries. AMB invests in properties located
predominantly in the infill submarkets of its targeted markets. The
company's portfolio is comprised of High Throughput Distribution
facilities - industrial properties built for speed and located near
airports, seaports and ground transportation systems. AMB's press
releases are available on the company website at
http://www.amb.com/ or by contacting the Investor Relations
department at +1 415 394 9000. Some of the information included in
this press release contains forward-looking statements, such as
those related to our expectations for CSR initiatives, which are
made pursuant to the safe-harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended. Because these forward-looking
statements involve risks and uncertainties, there are important
factors that could cause our actual results to differ materially
from those in the forward-looking statements, and you should not
rely on the forward-looking statements as predictions of future
events. The events or circumstances reflected in forward-looking
statements might not occur. You can identify forward-looking
statements by the use of forward-looking terminology such as
"believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "pro forma," "estimates" or
"anticipates" or the negative of these words and phrases or similar
words or phrases. You can also identify forward-looking statements
by discussions of strategy, plans or intentions. Forward-looking
statements are necessarily dependent on assumptions, data or
methods that may be incorrect or imprecise and we may not be able
to realize them. We caution you not to place undue reliance on
forward-looking statements, which reflect our analysis only and
speak only as of the date of this report or the dates indicated in
the statements. We assume no obligation to update or supplement
forward-looking statements. The following factors, among others,
could cause actual results and future events to differ materially
from those set forth or contemplated in the forward-looking
statements: defaults on or non-renewal of leases by tenants,
increased interest rates and operating costs, our failure to obtain
necessary outside financing, re-financing risks, risks related to
our obligations in the event of certain defaults under joint
venture and other debt, risks related to debt and equity security
financings (including dilution risk), difficulties in identifying
properties to acquire and in effecting acquisitions, our failure to
successfully integrate acquired properties and operations, our
failure to divest properties we have contracted to sell or to
timely reinvest proceeds from any divestitures, risks and
uncertainties affecting property development and construction
(including construction delays, cost overruns, our inability to
obtain necessary permits and public opposition to these
activities), our failure to qualify and maintain our status as a
real estate investment trust, risks related to our tax structuring,
failure to maintain our current credit agency ratings,
environmental uncertainties, risks related to natural disasters,
financial market fluctuations, changes in general economic
conditions or in the real estate sector, changes in real estate and
zoning laws, a downturn in the U.S., California or global economy,
risks related to doing business internationally and global
expansion, losses in excess of our insurance coverage, unknown
liabilities acquired in connection with acquired properties or
otherwise and increases in real property tax rates. Our success
also depends upon economic trends generally, including interest
rates, income tax laws, governmental regulation, legislation,
population changes and certain other matters discussed under the
heading "Risk Factors" and elsewhere in our annual report on Form
10-K for the year ended December 31, 2008. DATASOURCE: AMB Property
Corporation CONTACT: Tracy A. Ward, Vice President, IR &
Corporate Communications, +1-415-733-9565, , or Rachel E. M.
Bennett, Director, Media and Public Relations, +1-415-733-9532, ,
both of AMB Web Site: http://www.amb.com/
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