The UDR publishes an annual environmental, social and governance (“ESG”) report; Named No. 1 residential artist and world and regional leader in the sector by GRESB

DENVER – (COMMERCIAL THREAD) – UDR, Inc. (the “Company”) (NYSE: UDR), today announced the publication of the Company’s annual ESG report, which can be viewed on the Company’s ESG website at esg /. The report summarizes the Company’s ESG achievements in calendar year 2020, presents the Company’s progress towards its ESG targets, presents improved targets for GHG emissions and reduced energy consumption after exceeding previous 2025 goals years ahead of schedule, and highlights the Company’s culture as well as support for its associates and residents during the COVID-19 pandemic.

At the same time, the company announced that it had achieved a GRESB survey score of 86 in 2021 (a three-point improvement over the previous year’s survey) and a GRESB public disclosure rating of “A”. Thanks to these accomplishments, UDR was named the global and regional leader of GRESB as the # 1 listed company in the residential sector and achieved a 4-star designation for the second year in a row.

“UDR’s continued commitment to improving its comprehensive ESG program has resulted in an impressive performance in the GRESB Global Benchmark 2021 as the first player and global leader in the GRESB sector in all listed residential companies,” said Dan Winters GRESB Head of Americas, “With the GRESB benchmark now exceeding 1,500 institutional-grade real estate portfolios worldwide, UDR’s 4-star GRESB designation places it firmly among the world leaders.

The GRESB survey assesses real estate companies in areas such as management, governance, sustainability, environmental and social programs and policies. The UDR scored well above the GRESB average in each of the three main categories of the survey, namely environmental stewardship, social responsibility and corporate governance. The Company obtained a maximum score in social responsibility, a score close to the maximum in corporate governance, and its overall score of 86 is well above the average GRESB 2021 score of 72 for listed companies.

The GRESB Public Disclosure survey measures important information about the sustainability of companies. UDR obtained an “A” grade for the third consecutive year and obtained the highest score, 96, in its comparison group determined by GRESB.

“I am pleased to report another successful year of ESG accomplishments that further confirm UDR as a sustainability leader in our industry. Our continued investment in ESG initiatives, updating and improving certain emission and energy reduction targets, and transparent communication of our progress remain critical to our long-term success, as they pay dividends. economic, environmental and social benefits that benefit all stakeholders, ”said Tom Toomey, President and CEO of UDR. “During the pandemic, ESG initiatives and being a good corporate citizen were perhaps more important than ever to UDR, our associates, residents and stakeholders. UDR remains committed to operating sustainably in all facets of our business, and we are honored to be recognized by GRESB as a global leader in ESG performance. Our business and the ESG landscape will continue to evolve, but our innovative and adaptive culture, driven by our diverse group of associates, will propel UDR to further successes as we stay true to our commitment to be a strong corporate citizen. ”

Based on continued feedback from our associates and over 500 virtual meetings held in 2020 and early 2021 with various stakeholders including management and investment teams from large and small investment firms, investment groups governance and ESG monitoring services, UDR has implemented various improvements. to its ESG initiatives, disclosures and processes. Here is a sample of the Company’s many ESG 2020 achievements:

  • Prepared and presented ESG information in accordance with Global Reporting Initiative (“GRI”) standards (core), Sustainability Accounting Standards Board (“SASB”) (Real Estate) and the Climate-Related Financial Disclosure Working Group (“TCFD”). These internationally recognized ESG frameworks and standards describe the most important and comprehensive ESG information for the real estate industry.

  • Concerning the environment:
    • Improved targets for GHG emissions and reduced energy consumption in common areas after exceeding previous 2025 targets five years ahead of schedule.

    • Alignment of current ESG objectives with nine United Nations sustainable development goals.

    • Committed to establishing a science-based emissions reduction target through the Science-Based Targets Initiative (“SBTi”), paving the way for future reporting of Scope 3 emissions.

    • Obtaining independent third-party assurance for a variety of environmental initiatives, including progress towards long-term emission reductions. For the second year in a row, this assurance confirms that our energy, GHG and water data is accurate, reliable and complies with standards set by the World Resource Institute / World Business Council for Sustainable Development Greenhouse Gas Protocol.

    • Creation of a long-term plan to obtain additional green building certifications for existing assets.

  • Concerning the social:
    • Broadening the reach of Diversity, Equity and Inclusion (“DCI”) initiatives.

    • Included unconscious bias training for all UDR associates as part of our diversity and inclusion training.

    • Supported our associates in a variety of ways throughout COVID including, but not limited to, one-time bonuses, additional paid time off, vacation buybacks, more flexible work schedules and the introduction of new benefits for wellness such as physical and mental health programs.

    • Launch of a cultural website where current and potential associates can learn about the values ​​of the company.

    • Expanding the scope of responsibilities of our government affairs team to help secure rent assistance for our residents affected by COVID. Since this expansion, the UDR has raised approximately $ 14 million in rent assistance funds (until the end of August 2021), which has helped affected residents in more than 1,400 of our apartments pay off. of their rent due.

  • Regarding Governance:
    • Formal adoption of “Rooney Rule” for Council refreshment.

    • Continuing to advance the refreshment and diversity of our Board of Directors in 2020 and 2021 with the additions of Diane Morefield and Kevin Nickelberry.

    • We have improved our business continuity and information technology security processes.

Additional details on UDR’s corporate responsibility ESG efforts, targets and measurable results can be found in the Company’s annual ESG report and on its ESG website.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multi-family real estate investment trust with a proven track record of superior and reliable performance by managing, buying, selling, developing and redeveloping properties. attractive real estate communities in targeted US markets. As of June 30, 2021, UDR owned or held an ownership position in 54,667 apartments, of which 1,417 were under development. For more than 49 years, UDR has provided long-term shareholder value, the highest level of service to residents and the highest quality experience for associates.

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