UDR, Inc. Releases Seventh Annual Corporate Responsibility Report and Investor Presentation
UDR, Inc. a leading multifamily real estate investment trust, has announced the release of its seventh annual Corporate Responsibility Report, along with a related Investor Presentation. Both documents are available on the Company’s investor relations website at ir.udr.com and the updated Corporate Responsibility site at udr.com/esg. The report and presentation highlight UDR’s accomplishments during the 2024 calendar year and provide an update on progress toward the Company’s long-term sustainability objectives.
“Realizing tangible progress toward our long-term goals reinforces and enriches our cultural values, demonstrates our commitment as a responsible corporate citizen, and enhances bottom-line results,” said Tom Toomey, UDR’s Chairman, President, and Chief Executive Officer. “I want to extend my sincere gratitude to our Sustainability Team and all UDR associates for their dedication, which has turned our strategic goals into measurable achievements.”
UDR continues to incorporate feedback from its associates and a broad range of stakeholders, including stewardship and investment teams, governance groups, and third-party monitoring services. This input has guided enhancements to the Company’s sustainability initiatives, disclosures, and operational processes. The 2024 Corporate Responsibility Report showcases numerous achievements across environmental, social, and governance (ESG) dimensions:
Environmental Achievements
- Reduced Scope 1 and 2 emissions intensity by 22% since 2020, positioning the Company more than halfway toward its 2035 target of a 40% reduction.
- Procured 29% of operationally controlled electricity from renewable energy sources in 2024.
- Completed sustainability certification for two additional apartment communities, bringing the total number of sustainably certified properties to 38, representing over 20% of UDR’s portfolio.
- Committed to investing an additional $5 million into strategic ESG and Climate Technology Funds in early 2025, increasing the total commitment to $35 million.
Social Achievements
- Recognized as a 2024 National Top Workplaces winner in the real estate sector.
- Achieved a 20% associate turnover rate in 2024, fourteen percentage points lower than the industry standard of 34% (per NAREIT and CEL data), and an improvement of two percentage points compared to 2023.
- Launched the initial phase of a comprehensive talent development strategy aimed at identifying, nurturing, and preparing the next generation of UDR leaders.
- Strengthened organizational culture by establishing new UDR behaviors and implementing a holistic People Philosophy.
- Improved communication and collaboration through initiatives informed by quarterly associate surveys, enhancing engagement across the Company.
Governance Highlights
- Simplified the ESG component of the senior leadership Short-Term Incentive Program to better align compensation with strategic objectives and shareholder value.
- Appointed Richard B. Clark to the Company’s Board of Directors following the departure of two long-tenured directors earlier in 2025. This appointment was executed in accordance with the Board’s long-term succession and director refreshment plan.
The 2024 Corporate Responsibility Report and Investor Presentation reflect UDR’s ongoing commitment to responsible growth and sustainability. By integrating ESG considerations across its operations, the Company continues to drive meaningful impact for its associates, investors, residents, and broader communities.
