ESG
Our team’s dedication has always been to the continuous improvement of our properties, to raise the standard to which we serve our tenants and customers, and to be conscious stewards of the impact our properties have on the environment.
Environmental, Social & Governance Report 2023
Environmental
At InvenTrust, we understand the importance of environmental responsibility. We believe that it is not only our duty, but also an opportunity to enhance the value of our properties. By prioritizing sustainability, we can benefit our customers, tenants, and investors, while also minimizing our impact on the environment.
SUSTAINABLE FOCUS
When suitable, InvenTrust deploys various sustainable initiatives in the areas of interest across the entire portfolio to achieve our environmental goals.
GREENHOUSE GAS EMISSIONS
Reducing the impact our centers have on the environment is at the forefront of our operational efforts. Our commitment to a sustainable future means reducing Scope 1 and 2 emissions and expanding upon initiatives we have implemented to reduce our emissions.
WATER MANAGEMENT
InvenTrust prioritizes common area water conservation through its sustainable practices of using xeriscaping, smart irrigation controllers, and high-efficiency sprinkler heads and/or drip irrigation.
ENERGY MANAGEMENT
Installing energy management systems and upgrading common area lighting to LED is paramount to achieving the most cost efficient and effective way to conserve energy.
WASTE MANAGEMENT
Diverting waste from the landfill is an important focus for InvenTrust. Waste diversion includes the rerouting of materials such as mixed recycling, cardboard only, cans, and/or compost services from going to a landfill.
FIVE YEAR ENVIRONMENTAL GOALS
100% of properties have energy management systems installed
100% of Landlord-controlled common area lighting upgraded to energy efficient LEDs
100% of properties have water efficient landscaping systems installed
100% of properties assessed for climate risks
REDUCTION GOALS
25%
25% reduction in like-for-like landlord-controlled common area Scope 2 greenhouse gas (GHG) emissions (2021 baseline year)
25%
25% reduction in like-for-like landlord-controlled common area electricity usage (2021 baseline year)
5%
5% reduction in like-for-like landlord-controlled common area water usage (2021 baseline year)
20%
20% of landlord-controlled waste diverted from landfills
50%
50% of properties have EV charging stations installed
AWARDS & PARTNERSHIPS
InvenTrust has completed the GRESB Real Estate Assessment since 2013.
In 2024, InvenTrust was recognized by IMT and the U.S. Department of Energy’s Better Buildings Alliance as a Green Lease Leader (Gold Level).
TENANT & COMMUNITY SUSTAINABILITY GUIDE
It is not only important to incorporate sustainable practices within InvenTrust’s own operations but to
share knowledge of environmentally-friendly practices with our stakeholders. We created a Tenant &
Community Sustainability Guide that lists suggested practices that could increase our tenants’ efforts
to be better stewards of the environment.
FIVE YEAR SOCIAL GOALS
80% or greater annual employee satisfaction rate
Maintain an average overall tenant satisfaction index score of 80 based on 100% coverage of tenant satisfaction surveys annually
100% annual employee participation in charitable volunteer events and/or fundraisers
100% of employees complete annual Diversity, Equity & Inclusion (DEI) training
100% of employees complete annual training on ESG development
100% of employees complete annual anti-harassment training
OUR PEOPLE: OUR GREATEST ASSET
Our employees are the foundation for our success. Together, we focus on building an inclusive culture where innovative thinking is valued, collaboration is essential, and communicating the “why” is a necessity.
We were thrilled to be awarded as the top workplace in Chicago, based on a comprehensive survey of our employees’ satisfaction, conducted by the esteemed institution, Chicago Tribune. We are grateful to our talented and dedicated team, whose hard work and dedication make us a truly exceptional workplace.
DIVERSITY, EQUITY, AND INCLUSION (DEI)
We seek to attract and retain diverse and talented professionals who provide a wide range of opinions and experiences to drive our business forward. The basis for hiring, development, training, compensation, and advancement are qualifications, performance, skills, and experience. Our employees are fairly compensated without regard to gender, race, and ethnicity.
Diversity Across Workforce (1)
Gender Diversity Across Workforce
Racial Diversity Across Workforce (2)
NOTE: Includes all employees as of December 31, 2023
(1) Includes traditionally underrepresented race, ethnicity and/or gender
(2) Racial diversity includes Asian, Black or African American, Native American, Pacific Islander, Hispanic or Latino and/or Two or More Races
CONNECTING WITH OUR TENANTS
Our mission is to create meaningful connections with our tenants and build lasting relationships.
InvenTrust has set a target to distribute tenant satisfaction surveys annually to 100% of our tenants and maintain an average Overall Tenant Satisfaction Index score of 80. We were awarded 13 CEL A-List Awards, a 44% increase from the previous year. A CEL A-List Award is for properties that achieved a Service Satisfaction Index score of at least 85 and a Response Rate of at least 50%.
GIVING BACK THROUGH CHARITY
We have a shared passion and dedication to giving back to our community, and for this reason, we have an InvenTrust Charitable initiative. This program is led by employees who actively contribute time, company resources, as well as personal resources to support charitable causes. Our corporate charity of choice is St. Jude Children’s Research Hospital. We expanded our efforts to give back to our communities by implementing half-day Fridays to give employees the flexibility to volunteer for their charities of choice. InvenTrust has set a target of 100% annual employee participation in charitable volunteer events and/or fundraisers.
GOVERNANCE
IVT is a premier Sun Belt, multi-tenant essential retail REIT, publicly traded on the New York Stock Exchange. We believe our
corporate governance is structured in a manner that closely aligns the Company’s interests with that of our stockholders.
FIVE YEAR GOVERNANCE GOALS
Participate annually in the GRESB assessment
100% of employees complete annual Code of Business Conduct and Ethics training
100% of employees complete annual Cybersecurity training
30% diversity among our Board of Directors
BOARD OF DIRECTORS
InvenTrust’s Board of Directors (the “Board”) oversees the business and affairs of our Company, including its long-term health, overall success, and financial strength. While the full Board is actively involved in that work, including the oversight of risk management of the Company, the Board leverages the expertise of its members by maintaining three standing subcommittees. The Committees of the Board are the Audit Committee, Compensation Committee, and Nominating & Corporate Governance Committee.
BOARD EXPERIENCE
5/9
Current/Former C-Suite
6/9
REITS /Real Estate
6/9
Investment/
Financial
5/9
Retail
89%
Independent
33%
Self-Identified Female
59
Average Age
8 YRS
Average Tenure
POLICIES
| Policy | Description |
| Corporate Governance Guidelines | Our Board has adopted Corporate Governance Guidelines (the “Corporate Governance Guidelines”) to provide a transparent framework for the effective governance of InvenTrust. The Corporate Governance Guidelines are available here. |
| Stockholder Engagement | We have a robust investor engagement program led by our Investor Relations team and the Corporate Secretary’s office. The Company engages proactively with our stockholders, monitors developments in corporate governance and social responsibility, and in consultation with our Board, thoughtfully adopts practices in a manner that best supports our strategy and culture. |
| Code of Ethics and Business Conduct | InvenTrust has adopted a Code of Ethics and Business Conduct applicable to our directors, officers and employees, which promotes integrity, ethics and legal compliance. This policy is available here. |
| Insider Trading | InvenTrust maintains the Insider Trading Policy in order to set guidance with respect to properly trading InvenTrust’s stock by its employees, officers, and directors. This guidance is in alignment with parameters and prohibitions set by both federal and state law. |
| Whistleblower | InvenTrust maintains its whistleblower policy in its commitment to full and accurate financial disclosure and to maintaining its books and records in compliance with all applicable laws, rules, and regulations. The Company encourages employees, independent contractors, third-party vendors, customers, and business partners to make the Company aware of any practices, procedures, or circumstances that raise concerns about the integrity of its disclosures, including financial disclosures, books, and records. Further, InvenTrust maintains an Ethics Hotline to allow internal and external persons to report any alleged violation of any of its policies, any other alleged ethical violations, or violations of law. The hotline service is provided by an independent third-party and is available to all InvenTrust employees 24 hours a day, 365 days a year at inventrust.ethicspoint.com. |
| Cybersecurity | Cybersecurity is an important focus at InvenTrust. We have developed policies and procedures to mitigate cybersecurity risks at our company and have partnered with multiple third-party services to monitor and manage outside threats. See our Cybersecurity section in the 2022 ESG Report. |
| ESG Policies & Practices | We believe that responsible ESG practices and standards are an essential part of our commitment to enhance our communities, conserve resources and foster a best-in-class working environment while enhancing longterm stockholder value. This policy is available here. |
