Good for the Planet. Good for Our Stakeholders.
Sabra is committed to being a leader in environmental, social and governance (ESG) initiatives— it’s important to our operators and other stakeholders, and it’s critical to the sustained success of our business. ESG performance is intrinsically tied to our objective to drive shareholder value by operating efficiently, sustainably and with our stakeholders’ best interests in mind. The investments we’ve made in our properties and helped our operators make will improve the lives of the residents and the working environment for the teammates.
Sustainability Report
Read our latest sustainability report to learn more about the programs, policies and initiatives that support our ESG priorities of environmental stewardship; diversity, equity and inclusion; human capital management; protection of health, wellness and safety of our stakeholders; engagement and collaboration with our operators and tenants; cybersecurity; corporate governance; and community service.
Environmental
As a socially and environmentally responsible company, Sabra believes that reducing our environmental footprint is in our best interest as well as that of our operators and the world at large. Our approach to environmental stewardship is intrinsically tied to operating responsibly, thoughtfully and with our stakeholders’ best interests in mind. Our vision is to continuously expand on opportunities and best practices that create a positive environmental impact while enhancing our portfolio’s value and operating performance.
Social
While research shows that a diverse workforce consistently outperforms less diverse ones, women and minorities are still underrepresented in the real estate sector. Our Board and management continually seek to ensure that we maintain a diverse talent base and inclusive culture, not because we are driven by quotas on diversity, but because we fundamentally believe that diverse companies demonstrate superior performance.
In addition to fostering employee engagement, we promote work-life balance for our employees and invest in them through high-quality benefits and various health and wellness initiatives, including creating a healthy work environment in our offices.
Women composed 54 percent of our workforce and 67 percent of our management-level leadership roles.
As of December 31, 2023
Governance
As a company, we are committed to corporate governance best practices that promote the long-term interests of our shareholders and strengthen Board and management accountability. As a fiduciary for our shareholders, our Board is focused on cultivating exemplary corporate governance through a commitment to ethics, integrity and corporate responsibility to ensure that Sabra’s corporate strategy aligns with our values, our culture and how we run our business. To support our endeavors, the Board solicits and values direct shareholder feedback through our shareholder outreach program.
Our Strategy in Action
Going the Extra Green Mile
At Gardens of Wakefield, Sabra and Holiday by Atria went the extra mile, bringing in Blue Sky E3 Partners, LLC and a team of Carrier engineers to help identify and design a custom, efficient solution for the community’s heating/cooling system. By replacing the existing gas water heaters with a modern tankless system, Carrier could fit a SEER 21 HVAC inverter system, significantly improving efficiency by a combined 44 percent. Not only did it reduce operating expenses, but, more importantly, it positively improved the overall environment, the residents’ living environment, and the staff’s work environment—a win-win-win-win investment.
Improving the Quality of Care
We continuously work with operators to identify, pilot and support a number of Medtech (medical technology) solutions to enable patient-driven decision support and outcomes at select senior living and care centers.
DS smart is a solution from Direct Supply that empowers caregivers to capture vital signs and other critical information. It enables seamless connections between clinical diagnostic equipment and the EMR. With DS smart, caregivers can save time, improve accuracy, and deliver better, more informed care to their patients while streamlining the process and improving efficiency in the healthcare environment. For example, caregivers at one Cadia Rehab skilled nursing center that implemented the technology experienced 98 percent accuracy and 99 percent utilization rates, saving about 300 hours of team member time quarter over quarter since implementation. Plus, With the availability of Chronic Care Management codes, physicians can now receive reimbursements for the use of this technology.
Kami Care is a sophisticated and automated AI fall detection technology that helps caregivers identify hazards in unwitnessed falls, detect unintentional self-lowering as a precursor to future falls, and identifies physical limitations that require care plan adjustments. This allows caregivers to be more informed, proactive and better equipped to respond faster and prevent these high-risk injuries. For example, at Ignite Medical Resorts, the Bed Exit feature that alerts caregivers when patients are exiting bed has resulted in a reduction in falls from 28 percent to approximately 8 percent and has sustained these levels over a half-year period.
Creating Value Through Adaptive Reuse
Adaptive reuse projects are good for our stockholders, support our operators’ growth, create jobs for the surrounding community, provide much-needed services and are better for the environment than ground-up development.
“Sabra is an invaluable capital partner, enabling our growth and provision of essential addiction treatment services. Their assistance in acquiring and adapting existing buildings has expedited our development, lowered expenses and showcased their commitment to the local community.”
–Jay Fertig, President Real Estate, Advanced Recovery Systems, LLC
Engaging With Innovation
Sabra is a proud Alliance Member of the Well Living Lab (WLL), founded as a Delos and Mayo Clinic collaboration, and active participant in the Delos Wellness Innovation in Senior Environments (WISE) initiative to accelerate scientific research on the impact of indoor environments on the health and well-being of older adults.
“Meaningful change happens when industry leaders lend their expertise to addressing the most urgent challenges. Through the WISE initiative and research with the Well Living Lab, Sabra has committed to advancing health, wellness and safety in the sector through a first-of-its-kind scientific research agenda to help lead industry transformation.”
–Peter Scialla, President and Chief Operating Officer, Delos
