Rexford Industrial Releases Annual ESG Report
Substantial Environmental, Community and Stakeholder Value Creation Driven by ESG Commitment
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LOS ANGELES, April 28, 2021 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced the Company published its 2020 Environmental, Social and Governance ("ESG") Report.
"Rexford is proud to issue our annual ESG report demonstrating the best-in-class environmental, social and governance impacts integral to our business purpose and values," stated Michael Frankel and Howard Schwimmer, Co-Chief Executive Officers of the Company. "Our highly-focused business strategy cultivates deep collaboration made great by the diversity and quality of our team. Rexford's differentiated business model drives value creation by repositioning, recycling and renovating industrial buildings, substantially enhancing functionality and reducing the carbon footprint of our assets, which generates game-changing community health and welfare benefits. Whereas some companies recycle paper, we recycle buildings and rejuvenate communities! As we progress forward, our opportunity to achieve positive impact is massive as our target infill Southern California market is larger than the vast majority of countries, comprising nearly two billion square feet of predominately vintage industrial property replete with opportunities to deliver extraordinary environmental, social and related stakeholder benefits."