Environmental, social and governance issues do not exist in a silo. ESG is about bringing them together under one banner to demonstrate the positive impact our business is having on the world. ESG is much like corporate social responsibility but on a vastly larger and more measurable scale. Companies that are at the forefront of talking about their ESG scores are generating more attention from across the business spectrum, and investors are actively looking for high ESG scoring companies.
This policy will inform our ESG efforts moving forward. This includes, but is not limited to reporting, disclosures (both material and non-material), business practices, policies, procedures, investments, board activities, stakeholder engagement, and investor relations.
Nothing in this policy shall be taken or understood to limit or reduce our current committees, both legally and ethically.
Purpose of this Policy
The purpose of this policy is to provide information about ESG (Environmental, Social and Governance factors) and to encourage the business to understand ESG better.
This policy has been agreed upon following a robust consultation process with all Abodoo employees and stakeholders.
This policy does not form part of any contract of employment or another contract to provide services, and we may amend it at any time.
Who is Responsible for this Policy?
Vanessa Tierney, CEO of Abodoo, has overall responsibility for the effective operation of this policy. She has also delegated responsibility for overseeing its implementation to each member of the Abodoo team.
Each Line manager has day-to-day responsibility for this policy, and you should refer any questions about this policy to them in the first instance.
This policy is reviewed annually by the entire Abodoo team. Changes may be made at any time as government guidance develops.
Our ESG Commitment
At Abodoo, we strive to build sustainable, equitable, healthy, and diverse communities through a combination of innovative business practices and exemplary environmental, social and governance (ESG) performance.
This commitment informs every aspect of our business, including how we design and build new projects, operate our company, collaborate with stakeholders and report progress.
This ESG Policy sets out our approach to sustainability matters. At the heart of the Policy is a corporate culture that has sustainability at the core of all our business operations and values.
Our Statement on Climate Change and the Environment
We are committed to driving down our energy and carbon impacts, as we believe that climate change is one of the greatest risks to our world. Our sustainability program is committed to environmentally sustainable initiatives that deliver near-term efficiency, value, and health for our business, our people, and the wider community.
We encourage our customers to reduce their impact on the environment by recommending the use of more sustainable materials. We actively promote a paper-free office. We regularly support our clients to avoid printing and we will make all endeavours to be a digital-first business.
We seek to comply with current environmental legislation and work to minimise the impact of our activities on the environment.
We support the recommendations of the Taskforce on Climate-related Disclosure (TCFD) and engage with our stakeholders and encourage enhanced disclosure on climate change, biodiversity, and the SDGs, including efforts to advance the underlying goals, such as those of the Paris Agreement.
Our Statement on Social Responsibility
Our focus is to deepen relationships with our key stakeholders by investing in our employees and partnering with our customers, communities, investors, and suppliers.
We are committed to engaging with our employees to provide a challenging, dynamic, inclusive, and diverse work environment that supports their professional development, as well as promotes a good work-life balance that prioritises their overall health and wellness.
We will support initiatives that benefit the environment, human welfare, and education. This includes skills training that advances workforce talent pipelines for our customers and economic development in the communities in which we operate.
We will engage suppliers, customers and employees around safety, health, and wellness.
We will preserve and promote the protection of human rights and welfare within our business activities, as well as those of our supply chain, in accordance with our Human Rights Policy, Code of Ethics and Business Conduct, Supplier Code of Conduct, and the Modern Slavery and Human Trafficking Policy.
Our Statement on Ethical Governance
Our focus is to promote strong oversight, transparency, and risk management at all levels of our organisation, ensuring the resilience and long-term preservation of value for our business.
We will maintain strong corporate governance practices through exemplary board stewardship, management accountability, and proactive risk management.
We will mitigate risk exposure and build the resilience of our business to climate change, earthquakes and other catastrophic events through smart design and sighting.
We are committed to high ethical standards through a strong Code of Ethics and Business Conduct, ongoing ethics training, and executive leadership that promotes a culture of integrity.
We cultivate strong stakeholder relationships through transparency, open communications, and responding to stakeholder input.
We establish clear and effective governance for ESG, set goals and establish accountability. This is set through our ESG committee and reported to our board.
Our Business and ESG
ESG is about assessing that net positive impact on the world, and taking concerted, defined, and measurable action to improve it. Our value rests in our employees, our communities, and the wider world. Therefore, ESG forms a fundamental part of how our business lives our values in the real world.
The ethical and practical values that make up the different parts of ESG have always been at the heart of what we as a company stand for. With the growth of ESG and the increased awareness of these factors among our key stakeholders, we have a better opportunity to tell the story of how our business makes a positive impact in the world.
The drive to assess a broader range of factors holistically, from environmental and climate change considerations to the social issues and how we invest in our people, to the structure of our business and always reaching for better governance, means we can tell our story better. We welcome opportunities to highlight the positive impact we have on the world.
Our Duty to the Wider World
As a business, we also have a duty to our people, our customers, and the wider world. ESG allows us to bring those impacts together. We value investing in our people as we value protecting our environment and being good corporate citizens.
Fostering openness, sustainability, and respect are our key objectives. We value everyone and strive to work as one team. Our view on ESG is that it is a continuous process of aligning our operations and controls with our values as a company.
Our commitment to improving our social and environmental performance demonstrates a strong, well-informed management attitude and a values-led culture that is both alert and responsive to the challenges and opportunities of doing business responsibly and sustainably.
ESG and Our Reputation
EGS is fundamental to our reputation as a business. Reputation is built through frequent and repeated interactions with stakeholders. When those interactions are positive, our business, and our reputation, can thrive. In an uncertain economic climate, a positive reputation is one of the key drivers to long-term success.
We want all our stakeholders, from customers to investors to our people, to be proud to be a part of our business. Part of that pride is understanding how our business makes a positive contribution to the world.
Environmental - Environmental sustainability is an ethical and commercial imperative. Managing our carbon footprint goes hand in hand with the strategic necessity to operate efficiently. Our commitment to tackling climate change at a corporate level is fundamental to our strategic objectives.
Social - Our people make up our business. Intellectual capital is core to our clients, our business model, and our long-term sustainability as a business. We aim to foster an environment that values and nurtures unique talents and contributions from every individual within a culture of inclusivity. While we have progress to make, we are committed to cultivating and empowering change by building an inclusive workplace where all talents can thrive.
Governance - Good governance is foundational to our business, and all aspects of ESG. We cannot thrive without paying attention to our compliance obligations. Our business seeks to go beyond the concept of ‘box-ticking’ and embed compliance into the heart of our business.
Our ESG Committee
Our ESG committee sits directly beneath our board in terms of seniority. The purpose of the committee is to gather and review data from broad parts of the business, then filter and summarise it upwards to the board. The ESG committee is responsible for writing the ESG pages inside the annual report and producing all information regarding ESG disclosures.
The committee aims to establish a unified view of ESG, increase understanding of all three aspects, environmental, social and governance, and promote robust standards of corporate governance that integrate all these aspects for non-listed real estate vehicles. This will help the industry more effectively integrate ESG factors into the real estate investment decision-making process.
The key objectives of the committee are to:
Emphasise the importance of environmental measures, sustainability goals and performance, at all levels of the business.
Provide best practices on the structure, policies and regulations that impact the business
Increase understanding and awareness of corporate governance and social aspects that impact the industry
Implement and promote common and workable standards of corporate governance for the business