Environmental Sustainability

Highlights

2019 Environmental Sustainability and Social Responsibility Report

Elimination of Styrofoam

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

LED Lighting

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

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

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.