We believe that environmental stewardship strengthens our portfolio by attracting high-quality tenants, creating competitive advantages, minimizing risk, and maximizing returns. To formalize our practices and set some new goals for thoughtful property development, we have implemented a Sustainable Construction and Development Policy, which is reviewed annually. In 2021, we began onboarding an environmental data management system to track utility metrics and usage across our portfolio to better understand and reduce our environmental footprint. In 2022, we launched an LED Lighting Upgrade program for tenants, and in 2023 we began the installation of the first solar arrays in our portfolio on two buildings in Connecticut. We continue to seek opportunities to improve both our buildings and the tenant experience through collaborative efforts and sustainable enhancements.
We believe that we have the opportunity to enhance our financial and operational performance through socially responsible employee, supplier and vendor policies, community engagement, and by increasing our efforts related to diversity, equity and inclusion. As an equal-opportunity employer, we value diversity and inclusion and reward our employees based on merit and individual contributions. We comply with all applicable labor rights laws and seek partnerships with vendors and suppliers who share our commitment.
Thoughtful corporate governance and stakeholder engagement provide the foundation for INDUS’ success by building positive and long-term relationships with our constituents, including investors, partners, tenants, employees, and our local communities. Our employees adhere to a comprehensive Code of Business Conduct and Ethics that promotes honesty, accountability, integrity, and mutual respect and provides safe channels for handling ethical issues and concerns.
Our commitment to sustainability has led to recognition within our industry. In 2023, we were named a 2023 Green Lease Leader at the Gold Level by the Institute for Market Transformation and Better Buildings. Gold recognition acknowledges our establishment of policies and practices that promote sustainability in leased spaces.
Additionally, in early 2023, INDUS was honored with the “Great Employers in Connecticut” award by the Best Companies Group, a research firm focused on workplace excellence. This award recognizes companies that have created outstanding workplace environments, based on employee feedback, company policies, and overall satisfaction.
As we continue to build out our ESG programs and implement new policies and procedures, we look forward to sharing our ongoing progress with you. We are also committed to remaining engaged with all of our constituents – from tenants to employees to the communities in which we do business – and welcome opportunities for feedback on our efforts.