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In a typical year, the agency used to fly to around over the world, transporting talent, crew, sets and equipment in search of the perfect environment to shoot hours of footage, much of which was never used.
five tonnes of COindustry emissions of around a million tonnes of CO2e a year.
Sustainably Made is the future of content creation, allowing clients to produce the very highestquality work at scale, tailored to every channel and audience, while significantly reducing its environmental impact.
Pillar our efforts in hiring, retaining, developing and promoting talent to ensure that our employees reflect the diversity of the communities and markets within which we work.
We encourage our people to use their creativity and expertise to support the local causes they are passionate about, and we have a long tradition of pro bono work covering a range of issues from the arts, to conservation, health and human rights.
Find out more in Quantifying our impacts, pages COMMON GROUND Good communications are essential to bring about the shift in attitudes and behaviour needed to end extreme poverty, inequality and climate change by 2030 through the UN Sustainable Development Goals.
OUR SUPPLY NETWORK Setting and communicating clear supplier standards, and embedding sustainability criteria (including diversity, equity and inclusion) within our supplier selection and onboarding process.
And because the supply and geographical distribution of doses were unpredictable, reliable sources became paramount.
In January we updated the WPP Sustainability Policy and introduced a new Environmental Policy to reflect our climate commitments.
Topics include diversity, human rights, conflicts of interest and avoiding misleading work.
We identify any specific human rights risks associated with different countries of operation, using sources such as the Transparency International Corruption Index, Human Rights Watch country reports and government guidance.
Demet İkiler, WPP’s Turkey Country Manager and EMEA CEO of GroupM, serves on the local board of the UN Global Compact with responsibility for diversity and inclusion.
The wide range of services we offer and our organisational structure means we have a complex and dynamic supply chain ecosystem to manage.
In programme to modernise our procurement ecosystem and infrastructure and optimise how we buy.
The programme will facilitate the introduction of full life-cycle mapping and traceability across WPP's supplier ecosystem.
These standards include requirements relating to labour practices (such as anti-harassment and discrimination, and health and safety), human rights (including modern slavery issues such as child, forced or bonded labour), social impacts (such as anti-bribery and corruption) and other sustainability issues.
Our Code requires suppliers to apply similar standards to companies within their own supply chain, including evidencing diversity and social responsibility in their cultures, behaviours and attitudes.
SUPPLIER DIVERSITY WPP’s supplier diversity vision is to unlock value-adding, innovative and sustainable partnerships via a diverse, credible, and reliable third-party supplier network.
Our Supplier Diversity Programme encourages WPP and our agencies to buy from CDS.
Through the Global Supplier Diversity Alliance, with memberships in Australia, the UK, and the United States, we have access to global directories of CDS, so we can actively search and include them in our RFPs and client tender responses.
We can also access best practice so diverse suppliers not only win contracts but also thrive in our ecosystem.
OUR SUPPLY NETWORK ACCELERATING SUPPLIER DIVERSITY Ethnic Minority start-ups are under-represented in both public and private sector supply chains, facing challenges from a lack of early-stage investment and VC funding to access to social capital including networks and mentors.
To help create an environment for success, WPP partnered with Unilever, Dow and Google to sponsor the UK’s first accelerator programme for minority-owned businesses.
The aim is to create an ecosystem where diverse suppliers and corporates can grow and thrive together. women-owned, veteran-owned, LGBT-owned, service disabled veteran-owned, historically underutilised businesses and small businesses.
In our business activities we aim to prevent, identify and address negative impacts on human rights and we look for opportunities to promote and support human rights, including children’s rights, through our business activities and in areas such as our pro bono work.
DIVERSITY, EQUITY AND INCLUSION WPP is committed to diversity, equity and inclusion in our business, supply chains and client work.
The results show us that the majority of our agencies continue to have mitigation measures that match or exceed their level of privacy risk, with the average risk score being (2020: 1.6), where five is the maximum score possible and indicates maximum risk.
We are working to quantify the wider economic impacts of our business and the benefits associated with our activities, including tax payments to governments.
See Quantifying our impacts, pages GOVERNANCE Responsibility for tax strategy, the supporting governance framework and management of tax risk ultimately sits with the Chief Financial Officer (CFO).
The subjective nature of many tax rules does however mean that it is often impossible to mitigate all known tax risk.
This may take the form of discussing key developments in our business and the potential impacts of those developments.
Our per person carbon footprint figures are calculated using data for full-time equivalent employees (FTEs).
The selected ESG performance metrics marked with the symbol throughout this report have been subject to independent limited assurance procedures by PricewaterhouseCoopers LLP (‘PwC’) for the year ending with International Standard on Assurance Engagements 3000 (revised) and in respect of GHG emissions data, International Standard on Assurance Engagements 3410, issued by the International Auditing and Assurance Standards Board.
Supply chain transparency, particularly in relation to human rights, resilience and supplier diversity, has increased in importance for our clients.
T Lo w M ed iu m H ig h environmental impacts, such as hate speech or greenwashing, and ad placement alongside harmful content.
change on social and environmental issues eg climate change.
In respect of the performance metrics ‘Total air miles travelled’, ‘Total air miles travelled per person’, ‘Air travel emissions’ and ‘Total reduction in business air travel emissions year on year’, we identified the inconsistent application of the Reporting Criteria in multiple territories, resulting in a lack of sufficient appropriate evidence on which to base our assurance conclusion.
The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement.
Our Employees ......................................................................................... 23 Diversity and Inclusion ...........................................................................
Our aimed at providing our stakeholders with a thorough review of our positions and policies associated with Environmental, Social and Governance (‘ESG’) matters and present our progress to date on the key initiatives we are pursuing to execute our strategy around ESG.
We are dedicated to being trusted stewards of our stockholder’s capital and also providing our employees with a rewarding and dynamic work environment.
We value diversity in not simply gender representation, but in experience and professional qualifications.
we are proactively pursuing sustainability enhancements in the properties we own: from implementing our ‘Green Lease’ as our standard lease form – giving us the contractual right to implement sustainability enhancements at our properties; to presenting our tenants with an opportunity to reduce their operating costs and possibly expand their customer attraction capabilities through our partnership with Budderfly.
Our goal is to make a meaningful reduction in the carbon footprint of our portfolio, and we believe we can enhance our relationship with our tenants in achieving that goal.
We look forward to corporate governance, making a meaningful impact on reducing the carbon footprint of our portfolio, and further enhancing the quality, breadth and diversity of our employee base.
CONTRACTUAL BASE RENT ESCALATION Our rent escalation provisions provide contractually-specified incremental yield on our investments and provide a degree of protection from inflation or a rising interest rate environment.
Our position on sustainability is that reducing our carbon footprint and that of our tenants is a strategic imperative.
We value gender and racial-ethnic diversity on our Board.
AND CORPORATE GOVERNANCE COMMITTEE The Nominating and Corporate Governance Committee (‘Nom Gov Committee’) of our Board, which is chaired by an independent director, oversees our efforts to promote environmental stewardship; our responsibilities relating to social issues, including our goals associated with the diversity, equity and inclusiveness of our organization; and our strong corporate governance.
We recognize that our commercial real estate assets can substantially impact the environment and the health and safety of building occupants.
Our commitment to environmental stewardship starts at our corporate headquarters in Princeton, New Jersey, and extends to our portfolio of income-producing properties, our investment and leasing practices, and to our tenants.
Our position on sustainability is that reducing our carbon footprint and that of our tenants’ is a strategic imperative, not simply because we believe it’s the right thing to do but because we believe it will produce operating efficiencies and customer attraction opportunities for our tenants.
In addition to assisting our tenants with their sustainability initiatives, we recognize that EPRT has a carbon footprint that we are committed to reducing.
Our headquarters building is certified under the EPA’s ENERGY STAR certification program, using fewer greenhouse gas emissions.
Purchase ENERGY STAR certified computers, monitors, and printers Use ENERGY STAR power management settings on our computers and monitors Dispose of all ink cartridges utilizing the manufacturer’s recycling program and utilizing a lamp recycling company for compliant disposal of all spent tubes and electronic ballasts Install water machines and eliminate the use of plastic or Styrofoam cups and plastic water bottles Manage water runoff from roofs and paved areas through stormwater retention by routing runoff to various underground drainage basins.
The properties in our portfolio are leased to our tenants generally under long-term triple net leases, which give our tenants exclusive control over the property and the decision to institute energy conservation and environmental management programs at our properties.
Generally, our leases require the tenants to fully comply with all applicable environmental laws, rules, and regulations, including any remediation requirements.
On all properties that we acquire, we obtain an environmental assessment from a licensed environmental consultant to understand any environmental risks associated with a property and to ensure that any environmental issues on our properties are addressed.
Our asset management department actively monitors any environmental conditions on our properties to make sure that the tenants are meeting their obligations to remediate or remedy any open environmental matters.
We believe triggering actionable conversations with tenants lead to projects that reduce carbon footprint, lower tenant operating costs, and enhance portfolio value for EPRT.
� Partnering with Budderfly, a third-party Energy-Efficiency-as-a-Service “EEaas” provider, to deploy Sustainability Upgrades at our properties, providing operational savings and potential customer attraction opportunities for our tenants.
GREEN LEASING Approximately in 2022 are subject to our EPRT Green Lease.
In September fastest growing Energy-Efficiency-as-a-Service ("EEaaS") provider in the United States.
The Essential Sustainability Partnership intends to deploy significant energy infrastructure improvements aimed to maximize the energy efficiency at our buildings and to deliver operating savings to our tenants through a guaranteed monthly utility usage reduction.
Through the Essential Sustainability Partnership, EPRT will invest capital in energy-efficient technologies and equipment upgrades that Budderfly will in turn install and manage, at no cost to our tenants.
In the first year of the program the following upgrades will be installed for this tenant: � LED Lighting � Lighting Controls � HVAC Replacement of � HVAC enhancements to legacy units � Smart Grid Monitoring for metering/sub-metering The sustainability upgrades for their three locations are expected to lead to a 6% reduction in energy usage over the next 10 years, which equates to 12M pounds of CO2.
Published our first Corporate Responsibility Report aligned with the SASB standard and TCFD framework as part of FY’22 year-end reporting. 2022 ENVIRONMENTAL PERFORMANCE Engaged an ESG advisory firm, HXE Partners, to support us in executing our ESG strategy.
Hired a Director of Sustainability to implement our ESG strategy Established a sustainability partnership with Budderfly and committed over $energy-efficient improvements for one tenant, which is estimated to reduce their carbon footprint by 535 mtCO2 in the first year.
At Essential Properties we seek to provide a dynamic, rewarding work environment that promotes the retention and career development of our employees and is a differentiating factor in our ability to attract new talent.
Our employees further our commitment to social responsibility through their efforts to become involved in outside organizations that promote education, environmental, and social well-being.
At Essential Properties we value diversity and inclusion.
TEAM BUILDING We believe that fostering a collegial work environment is an important element of driving our long-term success.
We strive to develop a supportive work environment through various events, such as company-sponsored sports teams, an annual summer outing, and a holiday celebration near yearend, which are designed to foster an increased level of collegiality among our employees and develop a shared sense of mission.
IF-RE-management considerations are integrated into property investment analysis and operational strategy As a triple net-lease REIT, our tenants are responsible for maintenance, energy usage, and environmental practices within our properties.
For our leases not subject to our Green Lease, our goal is to partner with our tenants to understand their Scope sustainability upgrades.
For properties subject to our Green Lease, we plan to engage with tenants and third-parties to install energy efficient fixtures (such as LED lighting, refrigeration controls, and HVAC upgrades) where feasible.
IF-RE-area with data coverage and (2) percentage in regions with High or Extremely High Baseline Water Stress, by property subsector Not disclosed at this time.
Water consumption at our corporate office in calendar year approximately 113,000 gallons.
IF-RE-risks and discussion of strategies and practices to mitigate those risks As a triple net-lease REIT, our tenants are responsible for maintenance, water usage, and environmental practices within our properties.
While contractually we do not have direct control over our assets, our goal is to partner with our tenants to identify environmental opportunities for sustainability upgrades.
IF-RE-incentivizing, and improving sustainability impacts of tenants As a triple net-lease REIT, our tenants are responsible for maintenance, energy usage and environmental practices within our properties.
Including green lease clauses in our standard lease agreements, which require the tenant to provide copies of water and utility invoices as well as statements regarding utility and water usage for the previous calendar year.
Having a green lease clause allows EPRT to make improvements or upgrade existing equipment for the purpose of advancing sustainability efforts, as long as they do not interfere with tenant’s business operating hours.
• Managing risk associated with natural disasters through property and casualty insurance to include fire, wind/hail, earthquake, flood, and other extended coverage for our properties that we deem appropriate and adequate.
If applicable, requiring the sellers to remediate known environmental issues in compliance with applicable laws prior to acquiring a property.
IF-RE Description of climate change risk exposure analysis, degree of systematic portfolio exposure, and strategies for mitigating risks Risk management is a priority at Essential Properties, and critical to how we conduct our operations.
Impact on business, strategy and planning At EPRT, we understand the importance of identifying potential climate-related risks and evaluating opportunities for addressing those risks, if possible, including possible mitigation.
As part of our ESG strategy, the deployment of capital for sustainability enhancements to our properties that are subject to our Green Lease will be a key initiative.
We believe our Essential Sustainability partnership, which was launched in sustainability upgrades at our properties, will be a critical program for reducing our carbon footprint and supporting our tenants sustainability initiatives.
We have no Scope 1 emissions from energy usage as we do not consume natural gas or other fuels at our corporate office.
We do not believe Scope 1 emissions from other potential sources are material.
Describe targets used In 2023, we intend to perform an in-depth carbon footprint analysis of our entire portfolio.
As part of this analysis, we hope to better understand our tenant’s Scope to reduce the carbon footprint of our overall operations.
Our Stewardship Program has been an evolving journey over the past continuous improvement, driving positive environmental and social change within our company and our communities.
In notably by advancing diversity, equity and inclusion for our team members and communities, and by announcing bold new environmental targets.
We aim to provide a welcoming and inclusive environment for our Team Members, customers, suppliers and communities.
We are also proud of the actions we’ve taken to position ourselves as a retail leader in addressing climate change, helping to build a regenerative future by helping farmers, ranchers, and all those who enjoy living a rural lifestyle across the US succeed in their efforts to positively impact the land, air and water.
In targets yet: committing to net zero emissions by 2040.
To meet this goal, we will continue to increase our renewable energy use, invest in cleaner technologies, and design both our stores and distribution centers to maximize energy efficiency.
That’s why we are establishing a new water goal of reducing our company-wide absolute water footprint by gallons by 2025.

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