UDR ESG — Elevated Excellence

Our Commitment to the

environment

Our Sustainability Strategy focuses on (1) reinforcing our long-standing commitment to being a sustainability leader in the REIT space, (2) maintaining and incrementally enhancing, when applicable, our compliance and reporting framework, and (3) more programmatically utilizing capital to engage in Return on Investment ("“ROI”) accretive decarbonization initiatives and activities throughout our portfolio. Our strategy adheres to 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 support long–term value for our stakeholders. Key components of our strategy are provided below:

• Maintaining and enhancing, when applicable, our status as a robust reporter of our environmental performance data through our reporting framework. Additionally, we continue to monitor our progress towards achieving our science-based Scope 1, 2, and 3 Greenhouse Gas (“GHG”) emissions intensity reduction targets (i.e., reduce our Scope 1 and 2 emissions intensity by 40% and our Scope 3 emissions intensity by 30% from 2020–2035) as well as energy and water intensity reduction, renewable energy procurement, and waste diversion targets at regular intervals. Our environmental performance data is assured annually by a third–party auditing firm.
• Conducting asset–level energy assessments and project implementation strategies in specific markets where BPS requirements have been implemented to better plan for long–term portfolio decarbonization. These markets include New York City, Washington, D.C., Denver, and Boston, and we expect to expand beyond BPS markets in the coming years.
• Utilizing our asset– and market–level sustainability risk rankings to identify UDR properties with higher/lower near– and longer–term climate–related risks that could impact our operations and capital uses as well as developing mitigants to these risks. And,
• Remaining flexible and adaptive as E stakeholder expectations and regulatory requirements further evolve, and new sustainability technologies are introduced.
• 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. UDR’s EMS utilizes the Plan — Do — Check — Act model and aligns with the ISO 14001 standard.

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].