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Healthpeak Properties Inc.

DOC.US | Real estate activities with own or leased property

Healthpeak Properties, Inc. is a real estate investment trust (REIT) that invests primarily in healthcare real estate. The company's portfolio includes properties across three segments: senior housing, life science, and medical office buildings. Healthpeak leases these properties to healthcare provi...Show More

Ethical Profile

Mixed.

Healthpeak Properties Inc. (DOC.US) presents a mixed ethical profile. Reduced GHG emissions by 45% since 2011 and secured a 15-year wind farm PPA. Donated over $700,000 to 100+ charities in 2023. Reports a diverse workforce (48% female, 37% diverse) and is a Great Place to Work for four years. However, reports suggest 20-30% more material input than industry average. Critics also cite a 2012 tenant link to a defense contractor. Executive bonuses link to ESG metrics; no fines reported in three years.

Value Scores

Better Health for All10
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect40
-100100
Fair Trade & Ethical Sourcing20
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons-30
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities50
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

10

Healthpeak Properties' core business, as a healthcare REIT, is entirely devoted to health improvement by providing real estate infrastructure for medical offices, labs, and senior housing. Its properties serve tenants that develop life-saving drugs and treat approximately 30 million patients and visitors annually

1
, with 10,000 seniors living in its Continuing Care Retirement Communities
2
. The company has no revenue from products with significant negative health impacts. It demonstrates significant positive health externalities through a 45% reduction in greenhouse gas emissions since 2011
3
, contributing to healthier environments. Healthpeak implements comprehensive health equity programs, including partnerships with health equity-focused nonprofits
4
and donating over $700,000 in 2023 to support health and well-being initiatives
5
. It also has comprehensive mental health programs, offering employee assistance, access to a mental health app, flexible Fridays, and 10 hours of mental health programming in 2023
6
. Furthermore, the company supports preventative health measures through employee wellness programs, support for local food banks
7
, and Fitwel-certified properties
8
. The company's products do not have direct safety implications, addiction potential, or require patent flexibility, and it does not conduct clinical trials, manage patient health data, or produce food products. Its operations do not directly intersect with healthcare workforce development or public health education.

Fair Money & Economic Opportunity

0

Healthpeak Properties Inc. operates as a real estate investment trust (REIT), owning and leasing healthcare properties. Its core business does not involve offering lending, deposit, or other direct financial services to consumers. Consequently, all KPIs related to consumer financial products, including underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (in the context of loan/insurance books), data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment (in community finance), financial literacy initiatives, debt burden ratio, geographic inclusion (for financial services), and product simplicity, are not applicable to its operations and are scored as 0. Although the company engages in community support, donating $547,000 in 2024

1
and $757,700 in 2023
2
to charitable organizations focusing on health and education for underserved populations, and matching employee gifts, these activities do not align with the specific definitions of the financial services-focused KPIs.

Fair Pay & Worker Respect

40

The company had 387 full-time employees as of December 31, 2024, implying 0% of the workforce is on insecure contracts.

1
For the fiscal year ending 2024, the CEO-to-median employee pay ratio was 66:1.
2
Healthpeak offers benefits including medical, dental, and vision insurance, paid parental leave, student loan repayment benefits, and a 401(k) plan with matched funds.
3
All employees are required to attend biennial training on unconscious bias and annual training on harassment prevention or unconscious bias and the Code of Business Conduct and Ethics.
4
The company prohibits human trafficking, involuntary labor, or child labor in its operations or supply chain.
5
As of December 31, 2024, the workforce was 59% female and 35% racially or ethnically diverse.
6

Fair Trade & Ethical Sourcing

20

Healthpeak Properties Inc. requires all vendors to acknowledge its Vendor Code of Business Conduct and Ethics, which establishes expectations for ethical business practices and regulatory compliance in its value chain.

1
The company prohibits child and forced labor
2
and reported no violations of its Code of Conduct in 2023.
3

Honest & Fair Business

-40

Healthpeak Properties Inc. maintains a Whistleblower Hotline as part of its governance framework.

1
However, the provided information does not include details on independent investigation processes, training, or resolution metrics for this hotline.

Kind to Animals

0

Healthpeak Properties, a real estate investment trust, primarily focuses its sustainability efforts on environmental aspects rather than direct animal welfare. Its core business model does not involve activities such as animal testing, animal agriculture, or the use of animal-derived ingredients, leading to most KPIs being scored as N/A. The company has 6.4 million square feet of LEED-certified properties

1
and 126 ENERGY STAR-certified buildings as of 2023.
2
By 2023, 36% of its portfolio was certified green,
3
and in 2022, it achieved a 4% reduction in carbon emissions.
4
While these initiatives are stated to indirectly benefit wildlife and habitats by reducing the company's environmental footprint, the provided evidence does not include specific, measurable biodiversity impact from direct conservation initiatives, species recovery, or habitat restoration metrics required by the 'wildlife_conservation_impact' KPI, leading to its omission. A subsidiary, HHP Properties, has a pet policy for residential units.
5

No War, No Weapons

-30

Healthpeak Properties Inc. does not engage in peace-specific initiatives, indicating no investment in peacebuilding or disarmament programs.

1
The company's core business is healthcare real estate, and it states it has no significant connection to military contracts or arms manufacturing.
2
Its revenue is derived from real estate activities. However, in 2012, Healthpeak expanded a tenant relationship with General Atomics, a company known for defense products, involving a 396,000 square foot lease in Poway, CA, which included a new build-to-suit development.
3
Healthpeak's involvement in this relationship remains in real estate, representing an indirect connection to a defense contractor.
4

Planet-Friendly Business

-30

Healthpeak Properties had 36% of its portfolio with green building certifications as of December 31, 2023.

1
The company prepares its Corporate Impact Report with reference to Task Force on Climate-related Financial Disclosures (TCFD) standards
2
and makes TCFD disclosures available.
3
The company's operations do not involve material packaging.

Respect for Cultures & Communities

50

The company implemented mandatory inclusion and belonging training, with 100% of new hires completing it in 2023

1
and 100% company-wide participation on a bi-annual basis
2
. No specific, quantifiable evidence was found for other KPIs related to formal partnerships with indigenous or local community groups, local community reinvestment, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, community grievance mechanisms, complaint resolution times, FPIC participation, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier engagement, cultural site protection, social license to operate, charitable giving to cultural heritage, community fund allocation, language inclusivity, or cultural incident response.

Safe & Smart Tech

0

Healthpeak Properties has implemented a comprehensive cybersecurity risk management program

1
, guided by the NIST Cybersecurity Framework
2
, which includes regular risk assessments
3
, security monitoring tools
4
, incident response plans
5
, employee training
6
, and third-party risk management
7
. The Board of Directors oversees cybersecurity risks
8
. The company reported no material threats affecting operations in the last year
9
. While regular risk assessments and internal and third-party security tools are employed for vulnerability identification
10
, specific details on remediation timeframes are not available.

Zero Waste & Sustainable Products

-30

Healthpeak Properties Inc. has set a waste reduction target to increase recycling by 10% by 2033

1
. The company has implemented various recycling programs, achieving a 9.7% increase in recycling since 2020
2
. These efforts resulted in the diversion of an additional 234 metric tonnes of waste from landfills in 2023
3
.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.