FHR ESG POLICY

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ESG Mission Statement

FHR Capital is dedicated to real estate investment and management strategies that create value for our clients. As part of this mission, we look for opportunities to advance an environmentally sustainable future. When consistent with investment objectives, we aim to invest in assets that support sustainable practices at the property level.

We are committed to being a responsible member of our community by promoting positive social change and supporting our employees in their effort to give back. Social engagement is realized through charitable donations, volunteering and fundraising for a variety of Boston-area non-profits related to children’s causes, homelessness, and meal delivery for the chronically ill. FHR Capital strives to maintain a clear alignment of interests between our employees, our investors, and our local operating partners.

We are committed to maintaining the highest standards of transparency with our investors and communicating with honesty and frankness.

ESG Topics

ENVIRONMENTAL:

At FHR Capital we believe a company’s business model should incorporate ongoing assessments of climate change risks and be adaptative to such risks to drive value over the long term. We have engaged EBI Consulting to serve as an advisor for our ESG policy. Incorporated as part of our due diligence checklist is EBI Consulting’s extensive checklist and climate change risk assessment format. These tools will be used to help evaluate the energy standards, water usage, climate and environmental risks, and sustainability/conservation measures for new acquisitions. As climate science evolves, we will consider including climate change scenario analysis into our reviews to understand future risks posed by extreme weather events and market changes related to a changing climate.

 

Energy and water management are key environmental topics for FHR Capital. As all our properties are managed by third party fee management firms we will engage service providers who have their own ESG Policy or in the absence of such policy, our service agreement will make clear our ESG objectives. Objectives will include:

  • Water waste management

  • Procurement efficiency

  •  Reduction of energy consumption

  • Alternative energy sources

We are committed to reviewing the feasibility (physical and economic) of installing renewable energy on our assets.

 

LEED Certification is the most recognized standard within the building industry, and we will seek to acquire or build investments with either LEED Certified or LEED Certifiable where technically and economically feasible.

FHR will engage with developers, contractors and tenants, where appropriate, to identity and implement ESG initiatives.

FHR is evaluating ESG software solutions for measurement and reporting. We expect to adopt the applicable solution later this year.

SOCIAL:

 

FHR Capital promotes a culture of regulatory compliance, social and environmental awareness, and employee well-being as a matter of sound business practices and responsible citizenry.

 

  • Promote a work environment that emphasizes integrity, fairness, and respect for all employees

  • Foster employee growth through goal setting, objective feedback, and mentoring

  • Encourage employees to conduct business to the highest ethical standard

 

At FHR Capital we are against modern slavery in all its forms including forced labour, child labour, workplace abuse or human trafficking. We are committed to taking steps to ensure slavery has no place in our operations, employment practices, supply chain or services and will seek to improve strategies that mitigate modern slavery risks within our organisation and supply chain.

 

FHR encourages its team members to participate in community volunteering activities together with charitable organizations and giving. FHR is reviewing a corporate matching program for implementation later this year.

 

GOVERNANCE:

The success of our organization is dependent upon responsible governance. We will emphasize team member familiarity and compliance with:

  • Codes of conduct

  • Anti-corruption and anti-bribery

  • Reporting of breaches and whistle blowing

  • Risk and crisis management, including counterparty risk assessment

  • Supply chain management and code of conduct

  • Tax strategies, reporting and governance

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