We recognize that there are direct and indirect environmental and social implications for all the decisions we make as a company. According to the feasibility of each project, we aim to fully integrate ESG principles into our real estate developments and the communities in which we invest.
By taking an active and disciplined approach, we aim to elevate our social and environmental impact while also enhancing the objectives of our stakeholders.
TPL Properties ESG program is comprised of five separate stages:
Actively collect a broad and robust ESG dataset on a regular basis to assist in sustainability reporting, informed decision-making and in unlocking possible improvement opportunities.
Perform an ESG risk review on each asset prior to acquisition and/or construction on an annual basis with a focus on following areas: • Carbon Transition Risk • Natural & Physical Climate Risk • Social Norms Risk
Set performance goals based on agreed upon ESG factors.
Create and execute plans that are designed to represent the best value in terms of improving sustainability performance, decreasing operating costs, and increasing tenant satisfaction.
MEASUREMENT & IMPACT
Based on the above activities, track progress in project implementation relative to our goals and evaluate the value created. Compare performance with peers using industry standards.