Healthpeak Properties Inc

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Moderate Healthpeak Properties is relatively transparent in explaining that it does not conduct direct climate-policy lobbying. The company states, “We generally do not use company funds for lobbying activities” and adds that it “does not make political contributions or directly participate in lobbying efforts,” thereby clarifying that it has no direct engagements with specific climate legislation. It discloses its indirect approach through trade associations, detailing payments of $162,657 to Nareit and identifying that only 0.07 % of those dues were used for political spending; this demonstrates openness about the mechanism it does fund (membership in Nareit and participation on the Real Estate Sustainability Council) even though it does not identify particular government targets or describe any direct actions such as meetings or letters. By explicitly stating that it does not seek particular legislative outcomes and only aligns generally with Nareit’s support for “flexible, principles-based SEC climate change disclosure rules” and energy-efficiency measures, the company makes clear that no specific policy changes are being pursued. Altogether, Healthpeak provides a candid account of its limited, association-based engagement while confirming the absence of direct lobbying activity, but it offers little detail on individual policies, the precise techniques Nareit may employ, or concrete policy objectives, leaving its public disclosure moderate rather than extensive. 2
Lobbying Governance
Overall Assessment Comment Score
Moderate Healthpeak has formalized oversight of its climate-related policy engagement through its ESG Committee, noting that “our ESG Committee is chaired by our Chief Operating Officer and Chief Legal Officer, and includes our Deputy General Counsel and Corporate Secretary, Chief Human Resources Officer, VP - Corporate Counsel & ESG, VP - Finance, and VP - Capital Asset Management,” and that “this forum for ongoing communication among those involved in activities that influence policy on climate change ensures consistency with our overall climate change strategy.” The committee meets “at least two times per year” and “discusses climate policy activities, which are primarily led by our VP - Corporate Counsel & ESG.” The company also affirms its public commitment to align its engagement activities “in line with the goals of the Paris Agreement.” However, while this demonstrates a recurring review forum and a named oversight body, we found no evidence of a mechanism to assess or align indirect lobbying via trade associations, nor a dedicated audit or Board-level sign-off specifically on climate lobbying activities. 2