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Governance
At Avanath our board of directors and management is committed to ESG and have set policies governing our portfolio that positively impact our stakeholders. We are committed to the prosperity of: Our Employees, Our Residents, Our Investors, Our Supply Chain, Our Communities, and Our Business Partners.
our employees
our residents
our investors
our supply chain
our communities
our business partners
Goals and Objectives
Fostering
- Diverse and inclusive communities
- Partnerships with community partners and industry associations
Increasing
- Diversity and unconscious bias training
- GRESB scores across all our funds
- Company/employee alignment with ESG goals & principles
Performing
- Climate and transitional risk assessments
- Biennial Employee Surveys
Tracking
- Employee demographics and diversity
- Employee training and development
Our Approach
Averaging 25 years of real estate investment and operating experience, our diverse management team is focused on creating an inclusive, diverse, and highly trained workforce dedicated to integrating ESG into everyday procedures processes and policies.
Our ESG Council and Advisory Committee
Our diverse management team is focused on creating an inclusive, diverse, and highly trained workforce dedicated to integrating ESG into everyday procedures and processes. Avanath formed an ESG Council to lead our efforts towards enhanced ESG performance. Comprised of senior leaders from all departments and geographic regions in the organization, the Council meets quarterly to discuss strategic direction, policy creation, and ESG priorities. The Council is assisted by an ESG Advisory Committee, a rotating group of high-performing employees across departments, geographies, and seniority levels who communicate property-level needs to the Council. The Advisory Committee is responsible for implementing policies and ESG initiatives at the property level.
Diversity, Equity, and Inclusion
At Avanath, we foster, cultivate, and preserve a culture of diversity, equity, and inclusion (DEI). We have an ethnically diverse team of employees, including 59% diversity in our leadership team, and we are all working together to serve a diverse resident population. We hold our staff responsible for always treating others with dignity and respect. Our diversity initiatives include practices and policies related to recruitment and selection, compensation and benefits, and training and professional development. See our employee demographics in the righthand sidebar.
59% DIVERSITY IN EXECUTIVE LEADERSHIP
Employee Demographics
Workforce Gender Distribution
[{"label":"Male","value":"66"},{"label":"Female","value":"35"}]
Workforce Age Distribution
[{"label":"18-35","value":"35"},{"label":"35 - 54","value":"45"},{"label":"55+","value":"21"}]
Workforce Ethnicity Distribution
[{"label":"White","value":"111"},{"label":"Hispanic","value":"163"},{"label":"Black or African American","value":"112"},{"label":"Asian","value":"20"},{"label":"Two or more races (Not Hispanic or Latino)","value":"28"},{"label":"Native Hawaiian Pacific Islander","value":"2"}]
Reporting and Affiliations
As a leader in the multifamily and affordable housing industry, Avanath is building a best-in-classenvironmental, social, and governance (ESG) framework to share with our peers. We comply with local benchmarking regulations and report annually to:
GRESB
A voluntary, annual, industry-standard, ESG reporting framework for real estate that allows us to measure our ESG performance, compare assets against our peers, and identify areas for improvement in our ESG strategies.
View our GRESB Benchmarks.
81.3/100
2023 GRESB score averaged across our portfolio
UN Principle for Responsible Investment (PRI)
We are a signatory of and report annually to the United Nations Principles for Responsible Investment, a network of international investors working together to implement the principles of ESG throughout our organizations.
ENERGY STAR®
We are a proud partner of ENERGY STAR® and are using ENERGY STAR Portfolio Manager® to collect and track our energy and water data. We have completed an ENERGY STAR® Treasure Hunt at one of our properties and have applied to be an ENERGY STAR® Partner of the Year.
Our Strategic Governance Partners
Learn more about our policies and programs on the ESG Overview, Environmental, Social, Governance, and ESG Policies pages.