LBA Realty is committed to integrating environmental, social and governance performance (“ESG”) considerations into its business practices consistent with its overall objective of maximizing investor returns. As part of this commitment, LBA will consider ESG elements that could have a material impact to financial performance and use appropriate efforts to leverage opportunities and mitigate associated risks accordingly.
Environmental, Social and Corporate Governance (ESG) Policy
Commitment to Environmental Management
LBA will consider the following objectives related to environmental management:
- Ongoing investigation and management of the environmental impact of LBA’s business activities
- Actively seeking to reduce energy use and habitat impact, increase energy efficiency and adopt more sustainable operations, including by supporting tenants’ efforts to recycle or reduce energy consumption. Depending on the nature of the asset and circumstances, LBA will typically seek to achieve the following objectives with respect to an asset:
- An overall reduction of 5% in energy and water consumption
- A total annual savings of 5% in energy and water costs
- An increase in portfolio and per property Energy Star rating
- Complying with work place health and safety and environmental regulations in jurisdictions where LBA operates
- Actively seeking ways to improve indoor air quality through green cleaning methods and reducing and/or eliminating the use of harsh chemicals and pesticides in partnership with LBA’s service partners and tenants
- Will actively evaluate risks associated with climate change impacts to LBA investments and potential investments in order to mitigate risks and leverage opportunities in order to deliver profitable, risk adjusted returns
- Develop awareness programs designed to educate partners, investors, employees and associates about opportunities to save money and protect the environment through improved operational efficiencies and other strategies
Commitment to Social Responsibility
LBA will endeavor to promote social responsibility within its organization and the communities in which it operates through a variety of methods including:
- Supporting charities and community initiatives within the local communities where LBA does business, including initiatives such as health and wellness programs, toy drives, food drives and blood drives, among others
- Selecting partners and service providers with exceptional reputations and similar commitments to social responsibility
- Promoting employee awareness of LBA’s code of ethics which emphasizes adherence to the highest levels service, loyalty, integrity and trust
Commitment to Corporate Governance Practices
LBA will pursue corporate governance practices aimed at:
- Conducting its business in a manner to avoid unfair or corrupt business practices
- Compliance with applicable laws, rules and regulations
- Transparency in reporting to investors
- Consistent dialogue with investors and partners
- Will consider physical, liability and transition risks associated with climate change and the potential impacts to current and future investments
