RLJ Corporate Responsibility
As we operate our business, we are committed to fostering diversity and inclusivity in the workplace, demonstrating high ethical standards in the management of our business and managing our portfolio to reduce climate and other risks along with minimizing our environmental impact. We recognize the importance of ESG to our investors and stakeholders, and in 2020 we initiated the formulation of our corporate responsibility strategy to provide disclosure and transparency.
Our corporate responsibility strategy underpins our commitment to ESG, and we continue to integrate our strategy to create long-term shareholder value while maintaining the highest standards of ethical behavior and effective corporate governance. We also commit to environmental stewardship by investing in projects that reduce our consumption of energy and water and lower our greenhouse gas emissions. Additionally, we strive to generate positive social impact by empowering our associates and supporting our local communities through philanthropy and other community engagement activities.
Corporate Responsibility Objectives
Our Corporate Responsibility strategy aligns our ESG objectives with our commitment to generating long-term shareholder value through the following:
- Drive revenue growth by following a disciplined investment strategy and through aggressive asset management,
- Reduce costs through investments in energy and water conservation and other “greening” efforts,
- Improve our human capital by championing our corporate culture of diversity and inclusivity to boost motivation, attract top talent, and retain associates,
- Validate our sustainability commitments through external benchmarking and transparent reporting, and
- Expand our engagement with our partners, suppliers and the communities in which we operate.
We look forward to building on these principles with our inaugural Corporate Responsibility Report in 2022 and continued disclosure of ESG data by aligning with generally accepted disclosure frameworks, such as the standards from the Global Reporting Initiative (GRI). Additionally, we aim to further disclose our key impacts, risks and opportunities by disclosing metrics in alignment with the Sustainability Accounting Standards Board (SASB) and participating in the Global Real Estate Sustainability Benchmark (GRESB) real estate assessment going forward.
RLJ Policies & Procedures
Environmental Policy: This policy outlines our objectives, risks and opportunities, management processes, standard technical practices and investment focus areas including reducing energy use and greenhouse gas emissions, green building, water use, effluents and waste, and the physical impacts of climate change.
Human Rights Policy: This policy is designed to help safeguard our commitment to human rights and responsible labor practices across the social issues most important to our Company, such as associate health and well-being, diversity and inclusion, and community relations.
Vendor Code of Conduct: This code aims to encourage our vendors to adopt our commitments to environmental stewardship, human rights, corporate citizenship, and effective governance.