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.
2023-24 Corporate Responsibility 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.
Workforce Diversity
Our 2023 employee retention rate is 92%
People of color represented 62% of our new hire professionals
Female professionals were 61% of new hires
Training & Development
NNN is committed to increasing the diversity of our workforce and ensuring an inclusive experience for all associates. We will continue to expand programs aimed at holistically supporting our associates’ health, well-being, and development.
Degreed
NNN’s Learning Experience Platform connects learning and career growth with our business objective through a single, fluid skill development platform. Upskilling and reskilling are our focus. Degreed brings thousands of podcasts, online courses, certifications, books, and articles to the fingertips of our associates 24/7
edX
We partner with edX, an in-depth, careeroriented, massive, open online course provider. Collaborating with leading universities and organizations worldwide, edX delivers highquality online courses. This enables associates to earn course certificates from prestigious educational institutions such as Harvard, MIT, NYU, Georgetown and others. Each completed course awards the associate a certificate from one of these acclaimed organizations.
DiSC
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.
CYBER SECURITY
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
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 provides up to $3,000 per year of tuition assistance for associates furthering their education on topics related to their job function.
Community Service
& Partnerships
We care 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.
We care 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.
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
Give Kids the World Village
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.
2023 marked the 17th 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 13 consecutive years.
Learn more about our social efforts.
Explore MoreEnvironmental
As an owner of more than 3,500 properties throughout the United States, NNN recognizes the importance of being a good steward of the environment. We institute various initiatives toward that goal both at our corporate headquarters and throughout our portfolio of properties.
Our commitment has recently been recognized by the Institute for Market Transformation and the U.S. Department of Energy Better Buildings Alliance when we were awarded Green Lease Leader Silver for the sustainability-focused updates we added to our form lease.
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 Growth |
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 |
DECENT WORK AND ECONOMIC GROWTH Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. |
Diversity |
In addition to fostering an engaging environment for employees, NNN also aims to promote a culture that values diversity and inclusion. |
→ SDG 5 Gender Equality |
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 Energy |
AFFORDABLE AND CLEAN ENERGYEnsure access to affordable, reliable, sustainable and modern energy for all. |
Managing Tenant |
Stakeholder engagement and partnerships are critical to advancing our strategic objectives. There are various opportunities to engage stakeholder groups on our corporate responsibility agenda. |
→ SDG 17 Partnerships for the Goals |
PARTNERSHIPS FOR THE GOALSStrengthen the means of implementation and revitalize the global partnership for sustainable development. |
Sustainable Attributes at Our Headquarters
Providing associates with a pre-tax payroll deduction for using the SunRail train system to limit the number of automobile trips and reduce our carbon footprint. Similarly, the location of our headquarters allows our associates to utilize other modes of public transportation such as buses and biking.
Purchasing Energy Star® certified desktop and laptop computers, monitors and printers. These machines also use Energy Star management settings.
- Implementing single-stream recycling.
- Recycling old computer equipment, printers and other electronic items.
- Disposing of all ink cartridges, participating in Toshiba’s recycling program
- We recycled more than 15 tons of paper through our recycling program in 2023.
- Requiring all associates to use personal cups.
- Installing water machines to limit the use of plastic cups and bottles.
Carbon Footprint
As a result of our SunRail ridership program, allowing pre-tax payroll deductions to pay for light rail commuter passes, our associates have helped us avoid 13.1 metric tons of scope 3 CO2e emissions between January and October 2024.
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. To receive this designation, several other requirements needed to be met. This includes 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.
Less Particles For Building Light Fluorescents
The building also 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.
Forest Stewardship Council (FSC) Certified
NNN has used FSC certified responsibly-sourced paper stock on our annual reports and proxy statements since 2007
2023 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) | |
|---|---|
| Natural Gas | 53,718.54(a) |
| Electricity | 90,299.73(a) |
| Total | 143,948.27(a) |
(a) This report includes calendar year 2023 commitments, initiatives, and achievements. We included data from previous years but due to the change in scope and improved processes we will be using 2023 as the baseline going forward. |
| Water Withdrawal | |
|---|---|
| Third-Party Water | 0.4037 megaliters |
| Waste Recycled | |
|---|---|
| Paper | 15 Tons |
| GHG Emissions (Metric Tons CO2 Equivalent) | |
|---|---|
| Scope 1 | 2,704.3(b) |
| Scope 2 (location based) | 7,142.2(b) |
| Scope 1+2 | 9,846.5(b) |
| Total Floor Area (Scope 1+2 Locations) | 3,243,484(c) |
| Scope 1+2 GHG Intensity (metric ton COZe/sqft) | 0.044380755 |
| Scope 3 | 344,219.63 |
(b) Scope 1 emission sources from our corporate HQ are considered de minimis and excluded. Scope 2 emissions were determined using eGRID2022. |
Carbon Offsets
As part of our efforts to be a good steward of our planet, NNN has purchased carbon offsets from Native, a Public Benefit Corporation, to offset our 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 as of year-end 2022.
Waste to Fuel: Improving Agriculture and Livelihoods Project
Learn more about our environmental efforts.
Explore MoreGovernance
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 Total (1) |
|---|---|
| 7-Eleven | 4.6% |
| Mister Car Wash | 4.1% |
| Dave & Buster's | 3.5% |
| BJ's Wholesale Club | 2.4% |
| Walgreens | 1.8% |
| Sunoco | 1.8% |
| Life Time Fitness | 1.3% |
| (1) Based on the annual base rent of $837,568,000, which is the annualized base rent for all leases in place as of June 30, 2024. |
Learn more about our governance efforts.
Explore More
Social
Forty-four percent of our associates have worked at NNN for 10 or more years. Our average associate tenure is 10 years and the average tenure of senior leadership is 21 years.