American Healthcare REIT is a leading healthcare-focused real estate investment trust committed to ethical business practices and dedicated to establishing a corporate responsibility program that benefits our residents, operators, tenants, employees, communities and investors. We believe integrating corporate responsibility principles into our operations and across our portfolio of senior housing properties, skilled nursing facilities and outpatient medical buildings will contribute toward a lasting and positive impact on the communities in which we operate by providing and facilitating high-quality care and outcomes.
Our Corporate Responsibility Strategy
We are committed to delivering long-term value to our stakeholders and understand that a structured approach to corporate responsibility is integral to our responsibility to our residents, operators, tenants, employees, communities and investors. In 2022, we conducted a materiality assessment to identify corporate responsibility topics that have the greatest impact on our business and stakeholders across the value chain.
In addition to identifying our corporate responsibility priorities, in 2024, we developed an inventory of current corporate responsibility initiatives across our business and developed a roadmap to advance our corporate responsibility strategy, governance, risk management and external reporting.
As part of our corporate responsibility journey, we are in the process of formalizing a corporate responsibility strategy, documenting roles and responsibilities for our Corporate Responsibility Committee and developing our inaugural Corporate Responsibility Report.
Corporate Governance
We are committed to conducting business with the highest degree of ethics and integrity to protect the long-term interests of our stakeholders. We believe that our approach to corporate governance supports transparency, accountability, oversight and risk minimization across our business. We adhere to all applicable laws and regulations and maintain a Code of Business Conduct and Ethics and Corporate Governance Guidelines, as well as additional corporate policies, that reflect our values and promote integrity.
In 2022 and 2023, we refreshed our Board of Directors, adding three new members who bring expertise from the real state and healthcare sectors. The range of expertise of our Directors offers valuable insights in critical areas of our business, such as strategic guidance, risk management and financial oversight. Our Board of Directors also oversees the integration of corporate responsibility practices across the organization. Additionally, our Board of Directors is comprised of a majority of independent directors and all of our Board Committees are comprised of independent directors.
In 2025, we formalized our Corporate Responsibility Committee that is composed of a cross-functional team from across our organization that includes representatives from our Legal, Accounting and Finance, Human Resources, Investor Relations and Asset Management departments. We are in the process of developing a charter which outlines formalized roles and responsibilities for the Corporate Responsibility Committee. The Committee is responsible for providing oversight and guidance regarding our corporate responsibility strategy and program and for monitoring compliance with legal requirements and regulations.
LINKS TO RELEVANT POLICIES:
Environmental Responsibility
Our environmental responsibility program is designed to comply with state and national environmental regulations and manage our operations in a way that promotes energy efficiency, effective waste and water management, and sustainable procurement. Across our portfolio at our senior housing and outpatient medical buildings, we are implementing energy efficiency measures, including LED lighting upgrades, smart thermostats, sensors to monitor building temperature and energy audits to identify areas for continued improvement. When we are developing real estate, redeveloping real estate or performing repairs and maintenance of our buildings, we seek to incorporate energy-efficient options. For example, when performing roof replacements and repairs at our outpatient medical buildings, we have utilized low-cost green alternatives such as white roofs and coating.
We additionally seek to minimize waste and water consumption across all of our properties including through smart irrigation controls for water consumption, improved water and waste management policies and practices in our offices and properties, and employee training on corporate responsibility to advance integration of environmentally responsible practices into their daily work. Our corporate headquarters is also LEED Gold certified and incorporates energy efficient systems, utilizes sustainable materials, promotes practices that increase water efficiency and reduce waste, and prioritizes the human health experience.
Social Responsibility
Our top priority is to deliver the best resident experience by partnering with operators that provide the highest quality care across our senior housing properties, skilled nursing facilities and outpatient medical buildings. As part of our commitment to deliver exceptional quality care to our residents, we prioritize partnerships with operators who share our values and who implement practices that focus on quality care, contribute to better health outcomes and foster a positive living environment.
We recognize that our employees are a reflection of our values and our greatest asset. We are dedicated to implementing programs that support our employees and provide the right tools to build a safe and healthy workplace. We have several programs to support our employees’ professional development and create a sense of belonging, including new hire mentorship programs, employee investment programs, employee satisfaction surveys, employee engagement events, and trainings related to health and safety and professional development. We have several initiatives focused on maintaining our inclusive culture and equal opportunities for all our employees.
We are committed to engaging with our local communities and have partnerships with local organizations and charities to support initiatives such as affordable housing projects, community clean-up events, and educational programs. We aim to foster positive relationships and contribute to the well-being of the communities in which we operate. Every year, we support the Alzheimer’s Association and other various non-profit charities nominated by our employees. We also support the Trilogy Health Services Foundation, a nonprofit, whose mission is to improve the lives of the employees of our largest operating partner, Trilogy Management Services, through education, financial stability and healthy living initiatives.
Path Forward
Our corporate responsibility program will continue to evolve with the aim of building a more resilient future and creating long-term value for our residents, operators, tenants, employees, communities and investors. Looking ahead, we plan to establish baseline data for key energy, water use, and waste metrics and are taking steps to comply with regulations such as the California climate disclosure laws by assessing and reporting on climate risks and opportunities and calculating our first greenhouse gas (GHG) emissions inventory. In addition, we are developing a corporate responsibility policy and anticipate publishing our inaugural Corporate Responsibility Report in 2025 to provide more details on our corporate responsibility strategy and initiatives.