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Equity Residential

Equity Residential, founded in 1969 and headquartered in Chicago, is the 5th largest owner of apartments and 16th largest apartment property manager in the United States. As of 31 December 2022, the company owned or had investments in 308 properties, consisting of 79,597 apartment units. Equity Residential has an established presence in Boston, New York, San Francisco, Seattle, Southern California and Washington, DC.

Summary

Equity Residential reports transparently on numerous sustainability topics. The company demonstrates good practices in sustainability and risk management. It reports consecutive decreases in its energy consumption. Additionally, it discloses that 100% of its properties, including those under development, are insured against natural disasters. The company also has crisis response plans and procedures for all stabilised assets, showing a commitment to protecting employees, residents, and properties while maintaining communication with stakeholders.

However, there is clear potential for the company to strengthen its performance in many areas. The company should begin reporting regularly on the affordability of its properties. Further, while it links executive remuneration to diversity, inclusion, and customer loyalty, it should also set and disclose time-bound, measurable sustainability targets and track progress. Additionally, though the company outlines its methods for engaging with the government, it should provide more detail on the purpose and frequency of its interactions with local governments to improve transparency in its stakeholder engagement efforts.

Ranking position: #67 /300
Total score: 19.7 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 12.5 /100	#89
Inclusive Cities	#1 23.3 /100	#100
Healthy Cities	#1 8.3 /100	#95
Climate Proof & Resilient Cities	#1 37.5 /100	#4
Core Social Indicators	#1 16.7 /100	#119

Industries
Real estate	#23

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More about the company

Headquarters: United States of America
Ownership structure: Public
Revenue: USD 2,735 billion (2022)
Number of employees: 2388 (2022)
Website: https://www.equityapartments.com

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000