Environmental Sustainability

Highlights

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Elimination of Styrofoam

We have eliminated all Styrofoam from use at our four golf courses.

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LED Lighting

We have implemented a program to replace existing lighting at our golf courses with LED lighting.

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Resource Conservation

~1% Reduction
Energy Use Between 2018 and 2019

~6% Reduction
Water Use Between 2018 and 2019

Corporate Headquarters

  • In 2019, we relocated our corporate headquarters to a LEED Gold certified building with an Energy Star Label.
  • We promote energy efficiency in our corporate headquarters by shutting down all lighting and computer systems every day.
  • We acknowledge water as a valuable resource and monitor water use in our corporate headquarters with the goal of efficiently managing our water use.
  • Environmental opportunities, risks and programs are managed strategically by our environmental sustainability team; this team reports to our board of directors, and is tasked with monitoring our environmental performance, facilitating our environmental sustainability efforts, and communicating with stakeholders.
  • We have an active and effective recycling program with all employees participating in the recycling of all waste paper products, glass, metal, and electronic wastes, including ink cartridges, cell phones and office equipment, and we encourage our employees to avoid the unnecessary use of paper and other environmental resources.
  • We actively engage with our landlord to assist in the implementation of new sustainability and conservation initiatives throughout our building.
  • We aim to work with suppliers who:
    • Share our goals and values with respect to environmental sustainability.
    • Comply with all applicable laws and regulations relating to the environment.
    • Drive environmental sustainability through energy, water and waste conservation policies.
    • Implement sustainability and conservation initiatives in their businesses.
    • Support efforts to engage in business practices that promote environmental sustainability.
  • We aim to select suppliers that support our sustainability efforts by providing recycled content and reduced packaging options.
  • Employees are encouraged to ride mass transit to and from the workplace. Additionally, we allow employees to pay for such transportation costs with pre-tax earnings.

Our Golf Courses

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chariot
grand bear

We own and operate four championship golf courses - Cascata in Boulder City, Nevada, Chariot Run in Laconia, Indiana, Grand Bear in Saucier, Mississippi and Rio Secco in Henderson, Nevada. Chariot Run is certified by the Audubon Cooperative Sanctuary Program as an Audubon Sanctuary, and maintains a written environmental management plan. Grand Bear is a National Forest supervised by the United Stated Forest Service. All of our golf courses focus on sustainable water use through reduction of overwatering and irrigation management based on analysis and smart technology, and maintain expressly naturalized areas appropriate to their respective climates.

Our Properties

We believe in an alignment of our business practices with the principles of sustainable growth. Accordingly:

  • We incorporate sustainability into our investment and asset management strategies, with a focus on minimizing environmental impact.
  • During the acquisition of new properties, we will assess both sustainability opportunities and climate change-related risks as part of our due diligence process.
  • Our properties are generally leased to our tenants under long-term, triple-net leases, which gives our tenants control over our properties and the ability to institute energy conservation and environmental management programs. Our tenants are large companies with sophisticated conservation and sustainability programs. These programs limit the use of resources and limit the impact of our properties on the environment, including but not limited to implementing specific environmental efficiency enhancements, green building and lighting standards, standards regarding the reduction in energy and water consumption, and recycling programs.

As part of our asset management strategy, we also work with our tenants to support implementation of operational best practices. We are committed to being a responsible corporate citizen and minimizing our impact on the environment. Our approach to corporate citizenship is reinforced by periodic engagement with key stakeholders to understand their corporate responsibility priorities.

Social Responsibility

Highlights

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Corporate Charitable Contribution Matching

We have implemented a Charitable Contribution Matching Program to support our commitment to corporate responsibility.

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Community Service

August 2019
New York Restoration Project

January 2020
The Bowery Mission

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Corporate Diversity

50% Female
Independent Directors

50% Female Named
Executive Officers

50% Female Employees

31% Ethnically Diverse
Employees

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Great Place to Work®

We were certified as a Great Place to Work® by the Great Place to Work® Institute.

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2020 Women on Boards

We have been recognized by 2020 Women on Boards because our Board of Directors consisted of at least 20% female directors during 2019.

Corporate Headquarters

We are committed to the health, safety and well‐being of our employees, suppliers, partners and local communities in which we live and work. Accordingly:

  • We provide workplaces that encourage and facilitate diversity, equal opportunities, personal and professional development, optimal performance and employee engagement.
  • We are committed to a diverse workplace, including gender equality and support of minority groups, with a strong collaborative culture. 29% of our Board of Directors is comprised of female members, 47% of our corporate employees are female and 25% of our named executive officers are female. In addition, 29% of our corporate employees identify as a member of an ethnic and/or racial minority group. We are an equal opportunity employer.
  • We regularly conduct trainings to educate our employees on various issues, including sexual harassment and diversity. We partner with an unaffiliated vendor to monitor a confidential and secure online and telephonic reporting structure whereby our employees may report, among other things, any issues with discrimination. In addition, our Code of Business Conduct expressly sets forth that discrimination of any kind will not tolerated.
  • As a team, we participate in community volunteer days each year with local organizations that align with our corporate citizenship goals.
  • We encourage and support our employees who involve themselves in public and charitable service.
  • We are committed to supporting the United Nations Guiding Principles on Business and Human Rights and the Protocol to Prevent, Suppress and Punish Trafficking in Persons.
  • We aim to build long-term relationships with our suppliers and support small and local businesses.
  • We aim to work together with local organizations and charities and create partnerships that are aligned with our business values.
  • We aim to work with suppliers and advisors who:
    • Share our goals and values with respect to social responsibility.
    • Comply with all applicable laws and regulations, including employment, wage and hour, health and safety, gaming, environmental, immigration, tax, anti-bribery, anti-corruption and anti-money laundering.
    • Institute and enforce policies prohibiting unlawful harassment and discrimination and provide mechanisms for reporting policy violations.
    • Neither condone nor support, directly or indirectly, human trafficking, abusive, or illegal labor activity.
    • Support diversity and inclusion initiatives, incorporating women, minorities, veterans, and lesbian, gay, bisexual and transgender persons.

Community Service

New York Restoration Project

In August 2019, we partnered with the New York Restoration Project to complete general stewardship in Sherman Creek Park, a former illegal waste dumping site located in New York City that now includes a children’s garden, a boathouse and a pavilion, in addition to hiking and biking trails, waterfront and picnic spaces and naturalized areas. Our volunteer efforts supported a long-term plan for Sherman Creek Park, including a focus on regenerating a functional ecosystem that is habitable for birds and pollinators, and creating a welcoming space for the surrounding communities.

The Bowery Mission

In January 2020, we donated to The Bowery Mission to serve immediate needs of the population of nearly 70,000 people experiencing homelessness and hunger in New York City. Since 1870, The Bowery Mission has served three meals a day, seven days per week at four sites in Manhattan, New York and our team volunteered to support kitchen and maintenance staff for breakfast, including serving 248 meals, managing deliveries and inventory of donated supplies, and conducting post-service cleanup.