Corporate Sustainability
Investing in our business, our planet and our people.
Long-Term Perspective
Sustainability has become an integral part of our approach to running our company. We’ve achieved continuing improvements in adapting and upgrading our portfolio management strategies and actively engage with our tenants to support recycling efforts. We’ve implemented various initiatives at our corporate headquarters to minimize our direct impact on the environment and strive to ensure an inclusive experience for all associates, continuously refining and expanding programs to holistically support their health, well-being, and professional development, and encouraging them to volunteer in the betterment of the communities where we live and work.
2024-25 Corporate Sustainability Report
Materiality
These survey results inform company practices, policies, goals, and data tracking mechanisms for relevant impacts. Impacts that occur along our value chain are also analyzed to determine our ability to manage or influence others to implement best corporate responsibility practices within their operations with the goal of working collectively to limit negative impacts on the community and environment.
The NNN Culture
89% employee retention rate for 2024
67% of 2024 promotions were female
97% response rate to our 2024
Engagement Pulse Survey
Training & Development
At NNN, we recognize that continuous learning is essential to both personal growth and company success. To support this, we integrate training and development into our annual performance management process.
Degreed & edx
Our learning platform aligns skill development with career and business goals, emphasizing upskilling and reskilling. Through Degreed, associates have 24/7 access to thousands of learning resources. We also partner with edX to offer career-focused courses from top universities like Harvard, MIT, NYU, and Georgetown, allowing associates to earn prestigious certificates and advance professionally.
Continued Education
NNN financially supports associates in their endeavors to maintain skill sets, as well as industry certifications (i.e., Certified Public Accountant, Certified Commercial Investment Manager, Senior Professional in Human Resources, Chartered Financial Analyst, and appraisal certification, etc.)
Education Assistance
NNN held a full day, company-wide DiSC training session. DiSC is an interactive training program designed to enhance organizational communication and teamwork. Through online assessments, individual profiles were created for each associate. During the training, our facilitator guided associates in learning their behavior styles and how these styles influence their work approach, motivation and communication with colleagues.
CYBERSECURITY
Onsite training sessions cover instructions, valuable insights, and current trends for identifying active cyber threats such as ransomware, phishing, and other scams. They also focus on NNN’s protocol for maintaining the security of all of our operating systems.
LUNCH & LEARN WORKSHOPS
We offer key topics presented by in-house subject matter experts and external professionals who share their business knowledge throughout the year. Personal learning is equally essential. NNN offers programs, education, and team events supporting our associates’ physical, emotional, and financial health. We work to support a culture of well-being for the whole person. Through these efforts, we can attract and retain top talent while also being recognized by recruiters as a ‘best-kept secret’ in our industry.
LinkedIn Learning
We introduced LinkedIn Learning as our newest learning and development platform. This industry-leading resource offers thousands of expert-led courses covering a wide range of skills, from technical skills such as programming and data analysis to soft skills such as leadership, communication, and time management. Available anytime, anywhere, LinkedIn Learning empowers learners to sharpen their existing skills and explore new areas of professional growth with personalized learning paths and insights.
401k Education
NNN provides up to $3,000 per year of tuition assistance for associates furthering their education on topics related to their job function.
Onsite Whistleblower Training
NNN is committed to fostering a transparent and ethical workplace. We held an on-site, company-wide, whistleblower training to educate associates on recognizing, reporting and addressing unethical behavior. Through interactive sessions, we covered key policies, reporting procedures, and the importance of confidentiality and non-retaliation. By equipping associates with this knowledge, we reinforce our commitment to integrity and accountability, creating a culture where associates feel safe speaking up.
Community Service
& Partnerships
NNN cares about the communities in which we live and work. We are committed to improving education and mentorship for at-risk youth, strengthening neighborhoods, and encouraging volunteer service. We actively promote volunteerism by our associates, organizing and sponsoring several group events throughout the year at local charities. Associates are encouraged to volunteer on work days during work hours for these events. In addition to our donation of time, we are also a meaningful financial supporter of numerous charities in the Central Florida Community.
NNN donated more than $155K in financial contributions to nonprofit organizations in Central Florida in 2024. We continuously give back to the community through volunteering, donations, and board involvement with nonprofit organizations.
Boys & Girls Clubs of Central Florida
The mission of Boys & Girls Clubs of Central Florida is to inspire and enable all young people, especially those from disadvantaged circumstances, to realize their full potential as productive, responsible, and caring citizens
ELEvate Orlando
ELEVATE Orlando is a civic nonprofit dedicated to equipping and empowering underserved youth to graduate with a plan for their future. ELEVATE Orlando links the Orlando business community to underserved areas through education. This is accomplished through mentoring relationships and public school courses rooted in character education and leadership development
Orange County Animal Services
Give Kids the World Village is a nonprofit organization that exists only to fulfill the wishes of children with life-threatening illnesses and their families from around the world to experience a memorable, joyful, cost-free visit to Central Florida attractions. NNN associates volunteer at the GKTW Village, performing various functions assisting these families during their stay.
The Ronald Mcdonald House®
Charities of central Florida
Ronald McDonald House provides a home away from home for families with children receiving treatment at hospitals and medical facilities in Orlando.
Our commitment to the communities we serve begins at home. We view our community involvement as a long-term investment guided by our core values.
2024 marked the 18th consecutive year that NNN has been a lead sponsor for the Boys & Girls Club of Central Florida’s annual Celebrate the Children gala.
NNN has partnered with ELEVATE Orlando for 14 consecutive years.
Learn more about our efforts in the social space.
Explore MoreEnvironmental Practices
As a nationwide property owner, our Company recognizes the importance of environmental and community stewardship. This commitment is reflected in our actions both at our headquarters and across our properties. For example, our sustainability-focused updates to our form lease earned us the Green Lease Leader Silver award from the Institute for Market Transformation and the U.S. Department of Energy Better Buildings Alliance.
Building on this foundation, we are continuously enhancing our corporate sustainability strategy and reporting, efforts that led to NNN’s inclusion in Newsweek’s list of America’s Most Responsible Companies.
We aligned our material topics with the United Nations Sustainable Development Goals (SDGs) to focus on ways that NNN REIT, Inc. could support these identified goals directly through our operations.
| TOPIC | ASSESMENT OF OUR POTENTIAL OPPORTUNITIES/RISK | CONTRIBUTIONS TO UN SDGS | |
|---|---|---|---|
Ethics, Integrity |
NNN conducts business with integrity and with an unwavering commitment to the highest level of ethics in everything we do. We can support our performance and growth through evolving conditions and markets by implementing robust risk management practices. |
→ SDG 8 |
DECENT WORK AND ECONOMIC GROWTHPromote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. 
SUSTAINABLE CITIES AND COMMUNITIESMake cities and human settlements inclusive, safe, resilient and sustainable. 
RESPONSIBLE CONSUMPTION AND PRODUCTIONEnsure sustainable consumption and production patterns. |
Human Capital Development |
NNN’s success depends on our talented associates’ dedication and hard work. |
→ SDG 8 |
DECENT WORK AND ECONOMIC GROWTH Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. |
Employee Engagement |
In addition to fostering an engaging environment for employees, NNN also aims to promote a culture that values inclusion. |
→ SDG 5 |
GENDER EQUALITYAchieve gender equality and empower all women and girls. 
REDUCED INEQUALITIESReduce inequalities within and among countries. |
Managing Tenant |
While we do not have direct operational control over our tenants’ environmental impact, we have the opportunity to help reduce resource consumption by various means such as green leases, incentives, and partnerships. |
→ SDG 7 |
AFFORDABLE AND CLEAN ENERGYEnsure access to affordable, reliable, sustainable and modern energy for all. |
Stakeholder |
Stakeholder engagement and partnerships are critical to advancing our strategic objectives. There are various opportunities to engage stakeholder groups on our corporate sustainability agenda. |
→ SDG 17 |
PARTNERSHIPS FOR THE GOALSStrengthen the means of implementation and revitalize the global partnership for sustainable development. |
Sustainable Attributes at Our Headquarters
- Purchasing Energy Star® certified desktop and laptop computers, monitors and printers. These machines also use Energy Star® management settings.
- Our document destruction program partner recycles all shredded materials; resulting in approximately 30,900 pounds diverted from landfills, the equivalent to saving roughly 280 trees.
- Implementing single-stream recycling.
- Recycling old computer equipment, printers and other electronic items.
- Disposing of all ink cartridges through Toshiba’s recycling program.
- Installing water machines to limit the use of plastic cups and bottles.
- All associates are encouraged to use reusable personal containers.
LESS ENERGY & GREENHOUSE GAS EMISSIONS
- NNN’s headquarters is Energy Star® certified, which means that it uses 35% less energy and generates 35% fewer greenhouse gas emissions than a typical building. To receive this designation, several other requirements needed to be met, including, utilizing energy-efficient LED lighting, using cleaning products that are Green Seal certified, and a mandatory shut down of all lighting and HVAC systems daily.
Forest Stewardship Council (FSC) Certified
- NNN has used FSC certified responsibly-sourced paper stock on our annual reports and proxy statements since 2007.
LESS BUILDING POLLUTANTS
- The building utilizes a bulb crusher for all lamps, which contains a dust removal system that exceeds HEPA standards by removing 99.99% of particles for the building fluorescents.
- To minimize waste generation and release of pollutants, the building requires all paint to be low VOC.
2024 Environmental Metrics
NNN is dedicated to reducing our energy and emissions footprint to mitigate climate change. We are dedicated to water stewardship and recognize the right to water as a fundamental human right. We respect the human need for sustainable water supplies, safe drinking water, and the protection of ecosystems and communities through proper sanitation.
| Energy (GJ) | |
|---|---|
| Year | 2024 |
| Natural Gas | 2,139.38(a) |
| Electricity | 30,245.41(a) |
| Total | 32,384.79(a) |
(a) This report includes calendar year 2024 commitments, initiatives, and achievements. * -please see data disclaimer on page 34 |
| GHG Emissions (Metric Tons CO2 Equivalent) | |
|---|---|
| Year | 2024 |
| Scope 1 | 107.70(b) |
| Scope 2 (location based) | 2,786.35(b) |
| Scope 1+2 | 2,894.05(b) |
| Scope 1+2 GHG Intensity (metric ton CO2e/sqft) | 0.00256909 |
| Scope 3 | 240,184.24 |
(b) Scope 1 emission sources from our corporate HQ are considered de minimis and excluded. Scope 2 emissions were determined using eGRID2022. |
Carbon Offsets
Northern Kenya Rangelands Project
As part of our efforts to be a good steward of our planet, NNN has purchased carbon offsets to help offset the estimated Scope 1 and 2 emissions related to our Orlando headquarters, as well as our estimated annual Scope 2 emissions from the vacant properties in our portfolio.
Waste to Fuel: Improving Agriculture and Livelihoods Project
APALACHICOLA RIVER PROJECT
The Apalachicola River property is over 98% forested with a diversity of ecosystems and cover types. Since 1917, prior to Aurora’s acquisition of the property, timber production had been a primary management objective of the forestland, resulting in forest cover types such as pine plantations and planted hardwood. Where feasible, Aurora aims to transition these forest stands back to a natural state and to increase their resilience to a changing climate through light-touch management.
Learn more about our efforts in the environmental space.
Explore MoreCorporate Governance
Our Board, led by a non-executive Chairperson, meets regularly with NNN’s executive leadership team to stay fully informed and have the opportunity to understand and debate material issues and to fulfill their oversight responsibilities regarding NNN’s performance.
of our board is made up of independent directors
We ensure that we meet our corporate governance goals by:
Top Tenants Reporting Sustainability Data
| Sustainability-Reporting Tenants | % of Properties | % of Total (1) |
|---|---|---|
| 7-Eleven | 146 | 4.5% |
| Mister Car Wash | 121 | 4.0% |
| Dave & Buster's | 34 | 3.8% |
| BJ's Wholesale Club | 13 | 2.4% |
| Walgreens | 49 | 1.8% |
| Sunoco | 53 | 1.7% |
| Casey's General Stores (convenience stores) | 62 | 1.6% |
| Lifetime Fitness | 3 | 1.3% |
| (1) Based on the annual base rent of $874,301,000, which is the annualized base rent for all leases in place as of March 31, 2025. |
Learn more about our efforts in the governance space.
Explore More
Social
Forty-three percent of our associates have worked at NNN for 10 or more years. Our average associate tenure is 11 years and the average tenure of senior leadership is 22 years.