STAG INDUSTRIAL IMPLEMENTATION PLATFORM TO AGGREGATE PORTFOLIO UTILITY DATA
BOSTON, May 25, 2022 /PRNewswire/ — STAG Industrial, Inc. (the “Company”) (NYSE: STAG) today announced that, to support its sustainability and operational goals, it will deploy sustainability management and WatchWire Energy to aggregate utility data for the portfolio of over 550 buildings.
The Company is focused on operating efficient buildings, reducing carbon emissions and managing climate risks. Using 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 identify continuously looking for opportunities to improve financial and environmental performance.
“With a portfolio of over 110 million leasable square feet, STAG recognizes our responsibility and opportunity as an industry market leader in sustainability,” said Brian La Mont, Senior Vice President ESG of the Company. “The software platform will provide support to improve the capture, coverage, completeness and accuracy of utility data, as well as provide more useful data and automate reporting for asset managers, engineers and executives.”
The platform will facilitate integrations with the US EPA’s ENERGY STAR Portfolio Manager, GRESB and CDP (formerly known as the Carbon Disclosure Project) as well as measurement and verification of conservation measures. Additionally, the platform will provide GHG emissions calculations, which will enable deeper accounting and understanding of GHG emissions from STAG Industrial’s Scope 3 portfolio. This data will allow the Company to better allocate capital to the most significant improvements in 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 through United States. From March 31, 2022the Company’s portfolio consists of 551 buildings in 40 states with approximately 110.1 million leasable square feet.
For more information, please visit the company’s website at www.stagindustrial.com.
WatchWire is a software-as-a-service provider of sustainability and energy management. Around the world, WatchWire helps commercial and corporate real estate portfolios, Fortune 500 and mass market industrial/manufacturing establishments, governments, healthcare and educational institutions reduce emissions and expenses while simplifying the sustainability and carbon reporting. Learn more at http://watchwire.ai.
This press release, together with other statements and information publicly released 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 that such forward-looking statements 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 the purposes of complying with such 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 the use of the words “believe”, “will”, “expect”, “have the ‘intend’, ‘anticipate’, ‘estimate’, ‘should’, ‘plan’ or similar expressions. You should not rely on forward-looking statements as they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could materially affect the results, performance or real achievements. Factors that could 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 fiscal year ended December 31, 2021, as updated by the Company’s Quarterly Reports on Form 10-Q. Accordingly, there can be no assurance that the Company’s expectations will be realized. Except as required by federal securities laws, the Company disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements contained herein (or elsewhere) to reflect any change in the Company’s expectations as to this regard or any change in events, conditions or circumstances on which such statement is based.
SOURCESTAG Industrial, Inc.