BOSTON, May 25, 2022 /PRNewswire/ — STAG Industrial, Inc. (the “Company”) (NYSE:STAG) announced today that to support sustainability and operational goals it will deploy WatchWire’s Sustainability & Energy Management Software to aggregate utility data for the Company’s portfolio of more than 550 buildings.
The Company is focused on operating efficient buildings, reducing carbon emissions, and managing climate risks. Through the software, the Company will track its efforts to optimize and reduce resource consumption (electricity, gas and water) and greenhouse gas (GHG) emissions through capital upgrades and operational strategies and will continuously identify opportunities for financial and environmental performance improvements.
“With a portfolio of over 110 million rentable square feet, STAG recognizes our responsibility and opportunity as an industrial market leader in sustainability,” said Brian LaMont, Senior Vice President of ESG at the Company. “The software platform will provide support for enhancing utility data capture, coverage, completeness, and accuracy, as well as providing more useful data and automating reporting for asset managers, engineers and executives.”
The platform will facilitate integrations with U.S. EPA’s ENERGY STAR Portfolio Manager, GRESB and CDP (formerly known as the Carbon Disclosure Project) as well as measure and verify conservation measures. Additionally, the platform will provide GHG emissions calculations, which will allow a more thorough accounting and understanding of STAG Industrial’s Scope 3 portfolio GHG emissions. This data will allow the Company to better allocate capital to the most impactful improvements within the portfolio.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership, and operation of industrial properties throughout the United States. As of March 31, 2022, the Company’s portfolio consists of 551 buildings in 40 states with approximately 110.1 million rentable square feet.
For additional information, please visit the Company’s website at www.stagindustrial.com.
WatchWire is a sustainability and energy management software-as-a-service provider. Across the globe, WatchWire helps commercial and corporate real estate portfolios, Fortune 500 industrial/manufacturing and big-box retail, government, healthcare, and educational facilities reduce emissions and expenses while simplifying sustainability and carbon reporting. Learn more at http://watchwire.ai.
This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “should,” “project” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company’s control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company’s annual report on Form 10-K for the year ended December 31, 2021, as updated by the Company’s quarterly reports on Form 10-Q. Accordingly, there is no assurance that the Company’s expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
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SOURCE STAG Industrial, Inc.