W. P. Carey Releases 2024 Corporate Responsibility Report

Core Insights - W. P. Carey has released its 2024 Corporate Responsibility Report, highlighting its progress in corporate responsibility initiatives aligned with environmental, social, and governance (ESG) objectives [1][2] Company Overview - W. P. Carey is a leading net lease REIT with a diversified portfolio of 1,614 net lease properties covering approximately 177 million square feet and 78 self-storage operating properties as of March 31, 2025 [4] - The company focuses on investing in single-tenant, industrial, warehouse, and retail properties primarily located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations [4] Corporate Responsibility Achievements - The company has increased its solar portfolio to approximately 30 megawatts (MW) through CareySolar® [6] - It has completed its inaugural double materiality assessment and prioritized green leasing, with over 30% of leases now including green lease provisions as of year-end 2024 [6] - W. P. Carey established its first emissions reduction target for Scope 1 and 2 greenhouse gas emissions [6] - Tenant enrollment in electricity usage data reporting has increased to over 60% of the portfolio square footage [6] - The company completed its first carbon-neutral construction project [6] - W. P. Carey has been certified as a Great Place to Work® in the U.S. for the third consecutive year and in the Netherlands for the first time [6] - It maintained a "1" Governance QualityScore Rating from Institutional Shareholder Services [6] Leadership Perspective - Jason Fox, CEO and President, emphasized the company's commitment to long-term investment and corporate responsibility, stating that these efforts support core business objectives and future growth [3]