-20%
-14.88 from baseline
2023
2024
Scope 1 (Direct) CO2 Emissions
189,496 total MBtu
200000
Water
186,207 total MBtu
162,863 total MBtu
150000 100000 -6.92% from baseline
50000
-20%
-8.53% from baseline
TARGET
FROM BASELINE
Goal: 10% reduction in portfolio-wide water consumption by 2030 compared to 2019 baseline.
200000 150000 500000
203,578 189,496 total MBtu total MBtu Like-For-Like* (Kilogallons (kgal))
186,207 total MBtu
465,495 total kgal
470,326 total kgal
463,317 total kgal
100000 400000
-6.92% from baseline
50000 300000 0 200000
BASELINE
2023
2024
2030
Energy reduction efforts reduce operating expenses, positively impacting our bottom line. In 2024, Like-For-Like* (Kilogallons (kgal)) Gables energy reduction compared to baseline was -8.27%. 465,495 We continue 470,326to invest in energy efficiency 463,317 total kgal total kgal 416,985 total kgal projects that offer attractive returns on investment (ROI) and enhance value creation, and we utilize 500000 total kgal monthly operational reporting to identify and act on changes in consumption as they occur. 300000 200000 -0.47% from baseline
100000
-10%
1.51% from baseline
TARGET
400000
100000
BASELINE 463,317 total kgal
2024
2030
Waste
18,475 16,479 Mt Total C0 2 15,726 Total C0 Like-For-Like* Recycled Mt Materials (lbs/Apartment Home 2 Mt Total C0 (AH))
14,780 Mt Total C0 2 417 total lbs/AH
379 total lbs/AH
394 total lbs/AH
409 total lbs/AH
400 10000 300 5000 200 0 100 0
-10.80% from baseline 4.04% from BASELINE baseline
2023
-14.88 from baseline 7.89% from baseline
Scope 1 (Direct) CO2 Emissions BASELINE 2023
-20% 10%
FROM BASELINE 2024
FROM BASELINE
-10%
2030
FROM BASELINE
2023 465,495 total kgal
2024 470,326 total kgal
2030 416,985
BASELINE
4.04% from baseline
2023
7.89% from baseline
2024
10%
2030
FROM BASELINE
Scope 2 (Indirect) CO2 Emissions 2024
2030
-6.92% from baseline
50000
-8.53% from baseline
0 BASELINE
2023
-20%
TARGET
100000
BASELINE 2023 2024 Like-For-Like* Recycled Materials (lbs/Apartment Home (AH)) 500
379 total lbs/AH
394 total lbs/AH
2030 417 total lbs/AH
409 total lbs/AH
400
Goal: 10% increase in the apartment-homelevel recycling rate by 2030 compared to 2019 baseline.
300 200 4.04% from baseline
100
10%
7.89% from baseline
FROM BASELINE
0 BASELINE
2023
2024
2030
2030
Gables portfolio’s performance reduced GHG emissions by 14.72% from baseline, ahead of the Like-For-Like* (One Million British Thermal Units (MBtu)) annual cumulative reductions needed to meet our goal by 2030 for scope 1 and 2 emissions 203,578 250000 189,496 186,207 from common area energy usage. Thesetotal results energy performance and MBtu are attributed to our total MBtu 162,863 total MBtu 200000 “greening of the grid,” meaning that the electricity produced is lower in emissions and becoming total MBtu cleaner in most Gables regions. 150000
48
2024 1.51% from baseline
-10%
FROM BASELINE
2
500 15000
FROM BASELINE
500000 our residents’ utility bills and reduces our operating costs for Reducing water usage helps reduce total kgal common area water usage. Portfolio water consumption increased 1.51% due to higher usage and Recycled Materials (lbs/Apartment Home (AH)) 400000 Like-For-Like* 417 409 irrigation system issues. In 2024,500 remote water audits were conducted by a third-party consultant 394 379 300000 total lbs/AH total lbs/AH total lbs/AH total lbs/AH for all properties in the portfolio. The audits produced asset-level recommendations for measures to 400 200000 increase water efficiency. These recommendations are being used to create one- and five-year capital -0.47% 1.51% 300 budgets for implementing water efficiency projects. 100000 from Gables is also from working on projects to increase leak FROM BASELINE baseline baseline detection solutions across our portfolio. 200 0 100
TARGET TARGET
Goal: 20% reduction in portfolio-wide greenhouse gas (GHG) by 2030 compared to 2019 baseline.
416,985 total kgal
0 BASELINE 2023 Like-For-Like* (Metric Tons (Mt))
20000
162,863 total MBtu
0 Like-For-Like* (Kilogallons (kgal))
0
GHG Emissions
2023
2030
-20%
-8.53% from baseline
-0.47% from baseline
0 BASELINE
2030
TARGET
Goal: 20% reduction in portfolio-wide energy usage by 2030 compared to 2019 baseline.
203,578 total MBtu
2024
BASELINE 2023 2024 Like-For-Like* (One Million British Thermal Units (MBtu))
Scope 2 (Indirect) CO2 Emissions
Like-For-Like* (One Million British Thermal Units (MBtu)) 250000
2023
-20%
2030
162,863 total MBtu
100000 compliance with local regulations. With 2030 targets for energy, emissions, water and waste, Gables -6.92% -8.53% 1 (Direct) from CO2evaluation Emissions Scope strategic 2 (Indirect) CO2 Emissions undergoes rigorous data tracking and Scope performance to make advancements toward 50000 from FROM BASELINE baseline baseline our established goals. 0
250000
Energy
-20%
FROM BASELINE 150000 0 Gables develops comprehensive strategies to enhance our environmental performance and ensure BASELINE
FROM BASELINE
0
BASELINE
186,207 -14.88 total MBtu from baseline
TARGET
-10.80% from baseline
5000
200000 5000
189,496 total MBtu
TARGET TARGET
ENVIRONMENTAL PERFORMANCE
-10.80% from baseline
TARGET TARGET
10000
TARGET
total MBtu
TA
15000
Gables measures recycling performance based on pounds of recycled material per apartment home, per year. In 2024, recycling collections increased 7.89% compared to baseline and were ahead of the annual target. Gables’ efforts to increase the diversion of materials from landfills and reduce contamination through resident engagement and education are a continued focus.
* Like-for-like includes comparing the performance of communities only after they have one full year of stabilized operations and a minimum of 24 months of complete data, and if they were owned and operational for the period ending December 31, 2024. Data coverage for energy and GHG emissions is for landlord-controlled energy use. The water and waste data represent whole site, including landlord-controlled and tenantcontrolled areas. The performance data is collected by a third-party consultant and undergoes third-party assurance. Gables is not responsible for errors and omissions.
FROM BASELINE
GABLES | 2024 CORPORATE CITIZENSHIP REPORT 2024 2030
Environment
49