Acadia Realty Trust.
AKR.US | Real estate activities with own or leased property
Acadia Realty Trust is a fully-integrated, self-managed and self-administered equity real estate investment trust (REIT). The company specializes in the ownership, acquisition, redevelopment, and management of retail properties, primarily in high-barrier-to-entry, densely-populated metropolitan area...Show More
Better Health for All
0
Acadia Realty Trust operates as a real estate investment trust specializing in retail properties.
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Based on the provided articles, the company's core business activities and offerings do not inherently involve health-related products, services, or direct public health interventions. Consequently, its principal goods and services have a neutral net health effect, and it generates no revenue from products with direct negative health outcomes. The company's operations do not directly entail user safety implications for health products, price accessibility for health goods, vulnerable population reach for health services, health risk transparency for products, health innovation investment, health externalities (excluding environmental pollution, which is outside this value's scope), health equity programs, healthcare workforce support, preventative health measures, healthcare data management, health crisis response, mental health initiatives for the public, pharmaceutical patents, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics. While mentions employee health and well-being, this pertains to internal company practices and not the broader public health impact relevant to this ethical value.
Fair Money & Economic Opportunity
0
Acadia Realty Trust is a Real Estate Investment Trust (REIT) specializing in retail properties, not a financial institution offering consumer lending, insurance, or deposit services.
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The KPIs under 'Fair Money & Economic Opportunity' are designed for financial service providers. While the company engages in real estate development in underserved areas, such as a Brooklyn project with 120 low-income residential units and job creation targets, and supports community initiatives through donations and volunteer efforts, these activities do not align with the specific definitions of the KPIs.
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The company does not offer consumer financial products, manage loan books, or provide financial literacy programs to customers. Therefore, all KPIs are scored at the '0' tier, as per the rubric's explicit 'not applicable' or 'no products offered' clauses for companies whose core business lies outside finance.
Fair Pay & Worker Respect
10
In the 2024 fiscal year, Acadia Realty Trust's CEO total compensation was 49 times the median employee pay.
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Employee satisfaction, based on Glassdoor reviews, averaged 3.4 out of 5 stars
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, with 30% of employees recommending the company.
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Compensation and benefits were rated 3.5 out of 5 stars
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, showing a 6% improvement over the prior 12 months.
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However, work/life balance, culture, career opportunities, and senior management received lower ratings
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, with frequent complaints about management, communication, and overworked employees.
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Fair Trade & Ethical Sourcing
-20
Acadia Realty Trust directs an overall average of 3.6% of its procurement budget to diverse suppliers.
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This includes 4.2% to small businesses, 1.3% to women-owned businesses, and 1.1% to minority-owned businesses.
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As a real estate investment trust, the company does not procure or trade physical commodities, making fair-trade certification not applicable to its business model.
Honest & Fair Business
-20
The company restated its financial statements for the years ended December 31, 2020 and 2019, and for multiple quarterly periods in 2020 and 2021.
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This restatement was due to accounting errors related to the classification of two consolidated Fund investments.
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The independent registered public accounting firm confirmed that the restatement did not result from any override of controls or misconduct.
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Kind to Animals
0
Acadia Realty Trust is a real estate investment trust (REIT) specializing in retail properties. Its core business model does not involve manufacturing products, conducting animal testing, engaging in animal agriculture, or sourcing animal-derived ingredients. Consequently, the provided articles do not contain specific, concrete data points or quantitative metrics relevant to any of the 'Kind to Animals' KPIs, such as cruelty-free certification, alternative testing methods, humane certifications for animal operations, ethical input substitution, animal-related supplier audits, cage-free sourcing, animal testing policies and volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare. While the company uses pollinator-friendly plantings that provide habitats for local wildlife
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, the evidence lacks the measurable biodiversity impact or percentage of revenue funding required by the rubric's tiers for wildlife conservation impact.
No War, No Weapons
0
The provided articles focus on Acadia Realty Trust's ESG risk rating within the real estate industry and its net impact ratio. They do not contain any specific data points or information regarding the company's involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding initiatives, or any other metrics related to the 'No War, No Weapons' ethical value. Therefore, no KPIs can be scored.
Planet-Friendly Business
-30
Total Scope 1, 2, and 3 greenhouse gas emissions for Acadia Realty Trust in 2024 were 124,910 tCO₂e.
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The company has a goal of a 46% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2019 baseline, which it states is in line with the goals of the Paris Agreement, but these targets are not publicly validated as science-based.
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In 2024, 54% of electricity consumed in landlord-controlled common areas in deregulated markets was sourced from renewable energy.
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Eight percent of the company's properties have an ENERGY STAR score.
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The waste diversion rate was 65% in 2018/2019.
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The company's reporting is aligned with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
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It annually assesses its entire portfolio for physical climate change risks using a third-party tool with RCP 8.5 and RCP 4.5 scenarios, integrating these analyses into enterprise risk management, budgeting, capital improvements, and due diligence for acquisitions.
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Respect for Cultures & Communities
0
No specific, quantifiable data was found across the provided articles regarding Acadia Realty Trust's formal partnerships with indigenous or local community groups, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investments, local procurement, indigenous supplier engagement, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion. The articles primarily focus on company overview, employee reviews, and general company culture, without providing the specific metrics required for this assessment.
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Safe & Smart Tech
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Acadia Realty Trust's data retention policy generally keeps data for up to 7 years after a relationship ends.
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The company reports no specific data breaches or unauthorized data use incidents, and has data access controls and monitoring systems.
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Encryption and authentication technologies are implemented.
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All employees receive annual mandatory cybersecurity training customized to real estate investment industry threats.
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Annual penetration testing by external consultants and tabletop simulations are conducted.
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User privacy rights, including the right to know, erase, correct, opt out of sale/targeted advertising/profiling, access, and data portability, are outlined.
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The company states compliance with applicable laws and regulations, and provides a California Privacy Chart.
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Zero Waste & Sustainable Products
-40
Acadia Realty Trust implemented a new roof restoration process in 2024 as a sustainable alternative to reroofing, which avoids waste by repairing existing materials.
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The company also maintains recycling programs at its corporate offices.
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Furthermore, Acadia provides a Tenant Sustainability Guide to its customers, offering suggestions for mitigating environmental impact.
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