ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (NYSE: AVB ) (the "Company") announced that it has been named the Regional Sector Leader for Americas Residential in the 2024 GRESB Development Benchmark, earning a score of 96 out of 100. The annual GRESB Sector Leader Awards recognize real estate and infrastructure companies, funds, and assets that demonstrate outstanding leadership in sustainability. "As an avid developer, with meaningful sustainability targets, we incorporate environmental design standards into our new projects, which in turn supports the long-term operational efficiency and resilience of our portfolio," said Katie Rothenberg, Vice President of ESG. "We're pleased to see these efforts recognized by GRESB as a Sector Leader." The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, goals and emerging regulations.