sunny.png
Tuesday August 16th, 2022 8:22AM

Preferred Apartment Communities, Inc. Publishes Inaugural Environmental, Social and Governance Report

By The Associated Press

ATLANTA--(BUSINESS WIRE)--May 12, 2022--

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it has published its inaugural Environmental, Social and Governance (ESG) Report. While ESG values have long been core to the Company’s business practices, this publication provides a comprehensive overview of PAC’s ESG efforts, both for the Company’s core operations and for PAC’s broader real estate portfolio.

This press release features multimedia. View the full release here:

(Graphic: Business Wire)

In addition to providing quantitative results for calendar year 2021, PAC’s ESG report provides insights into the Company’s strategic focus and purposeful approaches to corporate responsibility regarding PAC’s own operations and community impact as well as the operations and impacts of the residents and tenants across PAC’s portfolio.

“While we have featured Environmental, Social and Governance information on our website for some time now, we are excited to share our ESG efforts and successes through this formal ESG Report. This is a key focus of our Board and entire team, and we are committed to all aspects of corporate responsibility, for our stakeholders, communities, and the broader world,” stated Joel T. Murphy, PAC’s Chairman and Chief Executive Officer.

This inaugural ESG Report reflects the ongoing commitment from PAC’s senior leadership team to corporate responsibility, and the work of the Company’s ESG Committee. Members of the Committee include: John Isakson, Chief Financial Officer; Mike Cronin, Chief Accounting Officer; Paul Cullen, Executive Vice President, Investor Relations; Ginger Park, Chief Accounting Officer - Retail; Michael Mangrum, Director of Internal Audit; and Jared Seff, SVP, Deputy General Counsel and Assistant Corporate Secretary.

Core areas of Environmental focus include reducing energy and water consumption at the property operations and resident and tenant levels, improving waste management and recycling programs, and encouraging the use of reduced-emissions transportation options.

Key highlights include:

On the Social front, PAC’s people remain the Company’s most valuable asset, and PAC is investing it its team and communities through workforce development, health and wellness, and community involvement programs.

Key highlights include:

Corporate Governance has long been an area of strength for the Company. PAC operates under a dedicated to maintaining the highest integrity and standards of ethics, and PAC’s Board of Directors has developed and adopted to promote the functioning of the Board and its committees.

This Environmental, Social and Governance Report follows the SASB Reporting Guidelines, which represents the industry gold standard for corporate ESG reporting. Readers can access the digital version of the report by clicking .

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers. Preferred Apartment Communities’ investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating multifamily real estate loans. As of March 31, 2022, the Company owned or was invested in 113 properties in 13 states, predominantly in the Southeast region of the United States. Learn more at .

View source version on businesswire.com:

CONTACT: Preferred Apartment Communities, Inc.

John A. Isakson 770-818-4109

Chief Financial Officer

Email:[email protected] Apartment Communities, Inc.

Paul Cullen 770-818-4144

Executive Vice President-Investor Relations

Email:[email protected]

KEYWORD: GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENVIRONMENT RETAIL OTHER PHILANTHROPY HUMAN RESOURCES FINANCE REIT LANDSCAPE BANKING PROFESSIONAL SERVICES FOUNDATION RESIDENTIAL BUILDING & REAL ESTATE PHILANTHROPY COMMERCIAL BUILDING & REAL ESTATE OTHER ENERGY CONSTRUCTION & PROPERTY ALTERNATIVE ENERGY ENERGY OTHER RETAIL SUPERMARKET

SOURCE: Preferred Apartment Communities, Inc.

Copyright Business Wire 2022.

PUB: 05/12/2022 02:03 PM/DISC: 05/12/2022 02:03 PM

http://www.businesswire.com/news/home/20220512005847/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Kentucky Derby winner Rich Strike not running in Preakness
Kentucky Derby winner Rich Strike will not run in the Preakness
2:19PM ( 2 minutes ago )
Palestinians mourn slain Al Jazeera journalist, blame Israel
Thousands have gathered to mourn a slain Al Jazeera journalist in the occupied West Bank city of Ramallah
2:01PM ( 20 minutes ago )
US to host men's and women's Rugby World Cups for first time
The United States will stage a Rugby World Cup for the first time after being voted as the host of the men’s tournament in 2031 and the women’s tournament two years later
1:58PM ( 23 minutes ago )
Associated Press (AP)
Mississippi school board upholds firing over 'New Butt' book
A Mississippi educator fired for reading a children’s book called “I Need a New Butt!”
1:39PM ( 42 minutes ago )
Louisiana state troopers charged in beating of Black man
Three Louisiana State Police troopers have been charged with simple battery, accused of beating a Black motorist after a chase
1:25PM ( 56 minutes ago )
Iran raises prices of food staples, stirring panic and anger
Iran has abruptly raised prices as much as 300% for a variety of staples like oil, chicken, milk and eggs
1:23PM ( 58 minutes ago )
AP Business
Report: Trump officials, meat companies knew workers at risk
A new Congressional report says that at the height of the pandemic, the meat processing industry worked closely with political appointees in the Trump administration to stave off health restrictions and keep slaughterhouses open even as COVID-19 spread rapidly among workers
12:04PM ( 2 hours ago )
Biden to speak to baby formula manufacturers about shortage
President Joe Biden plans to speak on Thursday with baby formula manufacturers and retailers about the plight of families struggling to find formula due to supply chain disruptions and a safety recall
11:54AM ( 2 hours ago )
South African firm says it may close its COVID vaccine plant
The first factory to produce COVID-19 vaccines in Africa has announced that it has not received enough orders and is planning to stop production within a few weeks, in what a senior World Health Organization official described as a “failure” in efforts to achieve vaccine equity
9:44AM ( 4 hours ago )
AP Business - Corporate News
Crypto comes to Washington. Will the millions buy influence?
Cryptocurrency tycoons are emerging as new power players in American politics
6:09AM ( 8 hours ago )
Arcia's 2-run homer in 9th lifts Braves over Red Sox 5-3
Orlando Arcia hit a two-run homer in the bottom of the ninth inning to give the Atlanta Braves a 5-3 win over the Boston Red Sox
11:41PM ( 14 hours ago )
NFL teams use engaging videos to elevate schedule release
The biggest day on the NFL calendar for social media departments at the 32 teams isn’t a game, the draft or the start of free agency
7:40PM ( 18 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
Palestinians mourn slain Al Jazeera journalist, blame Israel
Thousands have gathered to mourn a slain Al Jazeera journalist in the occupied West Bank city of Ramallah
2:01PM ( 21 minutes ago )
US to host men's and women's Rugby World Cups for first time
The United States will stage a Rugby World Cup for the first time after being voted as the host of the men’s tournament in 2031 and the women’s tournament two years later
1:58PM ( 23 minutes ago )
Rich Strike not entering Preakness after Kentucky Derby win
Kentucky Derby winner Rich Strike will not run in the Preakness
1:58PM ( 23 minutes ago )
Justices hold 1st meeting since leak of draft Roe opinion
The Supreme Court’s nine justices met in private for the first time since the leak of a draft opinion that would overrule Roe v
1:48PM ( 34 minutes ago )
Alabama shipwreck holds key for kin of enslaved Africans
A crew working on the Alabama coast is assessing the remains of the last slave ship known to have landed in the United States, more than 160 years ago
1:44PM ( 38 minutes ago )