UDR ESG — Elevated Excellence

Our Commitment to the

environment

After five years of successfully implementing our inaugural Sustainability Strategy, in 2023, we updated our strategy to (1) reinforce our long-standing commitment to being a sustainability leader in the REIT space, and (2) better address the evolution that the sustainability space has undergone over the past 5+ years by layering on more programmatic sustainability actions and capital investment to our already best-in-class compliance and reporting framework. This updated strategy is governed by our Environmental Policy, which states that UDR is committed to incorporating efforts towards the protection of the environment within the Company’s environmental governance, risk management, and business strategy in order to operate more sustainably and create long-term value for our stakeholders. Key components of our updated strategy include,

• Continuing as a best-in-class reporter of our environmental performance data by maintaining a strong reporting framework. Our environmental performance data is assured annually by a third-party auditing firm.
• Adopting science-based Scope 1, 2 and 3 GHG emissions intensity reduction targets that align with the objective to hold the increase in the global average temperature to well below 2 degrees centigrade as set forth in the Paris Agreement and are calculated in accordance with World Resource Institute (“WRI”) standards. Our commitments are to reduce our Scope 1 and 2 emissions intensity by 40% and our Scope 3 emissions intensity by 30% from 2020-2035.
• Proactively addressing Building Energy Performance Standards in a variety of markets where we operate to reduce our emissions and avoid potential future fines for non-compliance.
• Searching for ways to mitigate the potential risk of future common area and resident utility cost increases as “green” infrastructure advances.
• Continuing to measure and more programmatically address physical climate change risk across our portfolio. And,
• Remaining flexible and adaptive as E stakeholder expectations and regulatory requirements further evolve.

While our EMS has historically aligned with the ISO 14001 standard, in the spring of 2022, the Company achieved third-party certification of our EMS to the ISO 14001 standard. The Company’s EMS and Environmental Policy provide a systematic governance approach to identifying climate-related risks and opportunities, evaluating the economic and environmental effects of mitigating these risks by investing in new technologies and other sustainability related opportunities, and assessing the results achieved through our EMS processes against our environmental goals.

To request a copy of the Scope of UDR’s Environmental Management System or a copy of UDR's Environmental Policy, please contact Investor Relations at [email protected].