HCP Inc. is a California-based real estate investment trust. The company primarily invests in real estate serving the healthcare industry in the United States. HCP’s portfolio consists of investments in various markets including senior housing, post-acute/skilled nursing, life sciences, medical offices, and hospitals. The company is one of the largest publically traded healthcare real estate investment trusts.
HCP Inc.’s commitment is to promote sustainable practices through its daily business activities. Eleven of the company’s buildings are LEED certified and 158 are ENERGY STAR certified, with an increasing amount of green buildings in its portfolio each year. Additionally, HCP collects sustainability data for its properties using an integrated environmental management system. The company has increased recycling by more than 32%, reduced its emissions by nearly 15% and installed 58 electrical vehicle charging stations at its properties. Altogether, HCP completed over 330 emissions reduction projects at its properties in a recent year and has annual goals to improve all of its key performance indicators. The company focuses on creating positive social impacts, too. HCP has expanded its volunteer efforts in local communities and donates hundreds of thousands of dollars each year to charity. The company also offers various accommodative benefits to its employees, including educational assistance, paid volunteer days and gift matching to non-profit educational organizations.
HCP Inc.’s Board of Directors and Executive Team have very little diversity. Additionally, the company does not set long-term goals for its environmental performance. HCP faces a class action lawsuit for failing to disclose a client’s participation in a fraud scheme amounting to billions of dollars.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events