CAMDEN PROPERTY TRUST
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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Dec 31, 2023 · Filed Mar 25, 2024
Contents
SUSTAINABILITY COMMITMENT
We are committed to operating in an environmentally responsible manner, and we continue to identify and implement innovative sustainable practices that support our communities, residents, and team members, while reducing our reliance on natural resources and reinforcing our commitment to being a responsible corporate citizen. Some of our key environmental initiatives focus on:
Reducing our energy usage and waste volumes, which in turn reduce our greenhouse gas emissions and carbon footprint
Conserving water through active monitoring and reuse
Evaluating renewable energy sources, both onsite and offsite
Validating our green building methods through certification
Recognizing climate change and resiliency
To help guide our sustainability commitment, we have established the following sustainability related reduction goals by 2030 as compared to a 2020 baseline:
Procure 15% of electricity for common areas from renewable sources - Target Reached
Reduce common area GHG emissions by 15%
Reduce common area energy use by 15%
Reduce common area water use by 15%
Reduce landfill-bound waste by 15%
In 2023, we continued to exceed our renewable energy target and are ahead of schedule to meet our waste target by 2030. We implemented numerous initiatives in 2023 to continue to make progress toward the remaining goals and targets discussed above. Other corporate responsibility accomplishments from 2023 include the following:
Completed third-party data verification of 2022 environmental data
Continued to develop sustainable communities by completing two communities in 2023 certified Silver by the National Green Building Standard (NGBS)
Additionally, we have recently updated our Human Rights Policy, which is publicly available on our Investors' section of the Camdenliving.com website
Began development of our full greenhouse gas emissions inventory to develop and evaluate Science Based Targets
We recognize the importance of climate change and are committed to identifying, mitigating, and managing associated risks. Examples include taking preventative measures for operating properties, making sustainability related improvements when repositioning or redeveloping communities, and establishing appropriate risk-management practices and casualty insurance levels to cover potential damages.
More information on our corporate responsibility goals and initiatives can be found in our 2022-2023 Corporate Responsibility Report available on our website at www.camdenliving.com.
The Board, through the Nominating, Corporate Governance, and Sustainability Committee, oversees Camden's corporate responsibility strategies and initiatives. See page 18 for information regarding the Board's oversight of corporate responsibility matters, including sustainability.
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