Camden Property Trust.
CPT.US | Real estate activities with own or leased property
Camden Property Trust is a publicly traded real estate investment trust (REIT) that focuses on owning, developing, acquiring, and managing multifamily apartment communities. The company's portfolio consists primarily of apartment buildings located in major markets across the United States. Camden ge...Show More
Better Health for All
0
Camden Property Trust demonstrated a significant response during the COVID-19 pandemic by providing over $10 million in financial aid to nearly 8,200 residents, waiving late fees, creating payment plans, and halting evictions.
1
The company's operations also generate positive health externalities through initiatives such as sourcing 15% of common area electricity from renewables, installing solar panels expected to generate 1,074 MWh annually, adding over 200 electric vehicle charging stations, and requiring NGBS certification for 23 new communities as of 2022.
2
Additionally, Camden supports resident mental well-being through its "CultureConnection" program.
3
For other health-related KPIs, the company's core business of owning and managing multifamily apartment communities is generally health-neutral, and it does not offer health-related products or services.
Fair Money & Economic Opportunity
0
Camden Property Trust operates as a real estate investment trust (REIT) focused on owning and managing multifamily apartment communities, with revenue primarily from rental income. The company's core business does not involve lending, deposit services, or other financial products typically assessed under the 'Fair Money & Economic Opportunity' value. While the company provided over $10 million in financial assistance to residents during the COVID-19 pandemic
1
and engages in community support, these activities do not align with the specific definitions of the financial services-centric KPIs in the rubric. Consequently, all Key Performance Indicators are scored as '0' (Not Applicable).
Fair Pay & Worker Respect
0
Camden Property Trust is committed to fair pay and worker respect, offering competitive compensation packages and employee benefits.
1
The company provides generous compensation and scholarship opportunities, supporting both employees and their families.
2
For 17 years, Camden has been recognized in Fortune's 100 Best Companies to Work For.
3
Safety measures were adapted during the pandemic to minimize direct contact and safeguard the workforce.
4
Fair Trade & Ethical Sourcing
0
Camden Property Trust, as a Residential REIT, does not primarily procure or trade physical commodities, and fair trade and ethical sourcing practices are not a primary focus due to industry norms.
1
Consequently, KPIs such as fair_trade_cert_share, audit_frequency, forced_child_labour_incidents, traceability_coverage, remediation_speed, and materials_risk_index are not applicable to their core operations and are scored as N/A. While the company promotes diversity and inclusion and has a DEI committee, the articles do not provide specific data on the percentage of procurement budget directed to diverse suppliers or the inclusion of enforceable ethical-sourcing clauses in supplier contracts.
2
Therefore, supplier_diversity_spend and ethical_clause_coverage are omitted due to lack of specific evidence.
Honest & Fair Business
0
Camden Property Trust has established a comprehensive Code of Business Conduct and Ethics for all officers, trust managers, and employees, addressing topics such as reporting unethical behavior, compliance with laws, conflicts of interest, and fair dealing.
1
A separate Code of Ethical Conduct for Senior Financial Officers is also in place.
2
These documents are publicly accessible on the company's investor relations website.
3
Camden publishes its EEO-1 workforce diversity data on its website.
4
The company has received multiple recognitions for its ethical practices, including being ranked on Fortune's 100 Best Companies to Work For® for 17 consecutive years, on Fortune's Best Workplaces in Real Estate™ 2023, and being named one of America's Most Responsible Companies by Newsweek.
5
The company is noted for its strong corporate integrity, transparency, and governance practices.
6
Kind to Animals
0
Camden Property Trust is a real estate investment trust (REIT) focused on multifamily apartment communities. Its core business operations do not involve product manufacturing, animal testing, animal agriculture, or the sourcing of animal-derived ingredients. Therefore, most animal welfare KPIs, such as cruelty-free certification, alternative testing, humane certifications for animal operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies and volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare, are not applicable to its business model. While the company has environmental goals to reduce greenhouse gas emissions, energy, water, and waste, and invests $12.5 million in sustainable development projects
1
, the provided articles do not offer specific, measurable data on direct wildlife conservation initiatives, their funding as a percentage of revenue, or documented impacts on species recovery or habitat restoration, leading to the omission of the 'wildlife_conservation_impact' KPI.
No War, No Weapons
0
No evidence available to assess Camden Property Trust on No War, No Weapons.
Planet-Friendly Business
-30
Camden Property Trust sourced 18% of electricity for common areas from renewable sources by 2022, achieving this ahead of its 2030 target.
1
The company has implemented energy-efficient upgrades across 65% of its residential portfolio, resulting in an average energy savings of 23% per property.
2
As of December 31, 2022, 23 apartment communities have achieved green building certification, and Camden is committed to obtaining NGBS certifications for all new development projects.
3
For the Camden Shady Grove project, 81% of construction waste was diverted to recycling, and materials with over 10% recycled content were used.
4
Camden has also partnered to expand EV charging stations and invested in smart home technologies across its properties to enhance energy efficiency.
5
Respect for Cultures & Communities
0
Camden Property Trust has no reported cultural appropriation incidents. The company has implemented initiatives to promote diversity, equity, and inclusion (DEI), including supporting diverse suppliers and fostering an inclusive culture through an executive DEI committee and employee groups.
1
Camden also formed the Camden Gives Committee to support underrepresented communities, collectively donating over $270,000 to selected organizations, including The Trevor Project.
2
Their DEI efforts were recognized with a 2022 Gold award from NAREIT.
3
Safe & Smart Tech
0
Camden Property Trust has a cybersecurity program based on the National Institute of Standards and Technology (NIST) framework
1
, which includes identifying critical assets
2
, implementing detection and remediation practices
3
, and evaluating effectiveness through audits and testing
4
. The company conducts annual cybersecurity awareness training for all employees
5
and maintains cybersecurity insurance
6
. Camden acknowledges technology risks and the importance of protecting sensitive data
7
. While integrating AI technologies, the company emphasizes the ethical use of AI in cybersecurity
8
, balancing security with privacy
9
, and requiring transparency in data practices
10
.
Zero Waste & Sustainable Products
0
No evidence available to assess Camden Property Trust on Zero Waste & Sustainable Products.