ESG
Environmental, Social, and Governance at Fairfield.
We recognize that Environmental, Social, and Governance (ESG) factors impact the quality of life within our communities and the engagement of our associates. Fairfield believes the consideration and integration of material, prudent ESG factors across our business platforms should reduce risk and enhance value. These practices impact all aspects of our operations, including but not limited to due diligence, development, construction, acquisitions, and management of our communities. We regularly evolve these practices under the guidance of our ESG Committee and ESG Executive Committee, as we recognize that ESG is a journey with new best practices and innovations frequently emerging.
Creating Better Living for Better Lives
Mission
We deliver meaningful environmental and social benefits rooted in our core values.
Vision
We envision engaged and inclusive communities that enhance the well-being of people and the environment.
ESG IN ACTION
Two of our core social initiatives are Breast Cancer Awareness Month in October and our year-long Creating Kindness campaign that encourages associates to volunteer in their community through paid volunteer time off.
Annual Reports, Newsletters and Guiding Principles
Environmental Stewardship
Fairfield is committed to reducing our environmental impact and providing resilient communities for our residents. As a steward of capital, Fairfield manages investment strategies and strives to incorporate ESG considerations consistent with our investment objectives and guidelines. ESG information is monitored and tracked to ensure that Fairfield and our associates are responsible stewards of the environment. At our communities nationwide, we are committed to providing residents with environmentally conscious opportunities through our Living Green program.
Environmental Action
Fairfield strives to consider the environmental actions listed below across our platform
IDENTIFY
potential environmental and climate risks through evaluation every three years
REDUCE
operational energy consumption
UTILIZE
our utility scorecard to maximize financial and environmental efficiencies
ENDEAVOR
to exceed applicable environmental statutes and regulations
UPGRADE
communities to prioritize renewable energy like ENERGY STAR® appliances and LED lighting
IMPROVE
communities with meaningful enhancements that promote reduce, reuse and recycle principles
IMPLEMENT
water conservation measures indoors and out, including low-flow fixtures and irrigation systems
SUPPORT
sustainable procurement, recycling, and waste reduction processes
ACHIEVE
property-level sustainability certifications
PROVIDE
recycling services where possible and offer comprehensive compost, recycling and e-waste services, as appropriate
Our Certifications
Socially Responsible Communities & Workplaces
Fairfield is committed to providing quality environments and creating healthy, accessible, and equitable communities. Within our communities, we strive to foster connections and provide residents with a positive living experience. We believe housing should be available for all income levels, and affordable housing is a core component of our business. Since 1986, Fairfield has owned and operated rent-restricted affordable housing, including Low-Income Housing Tax Credit (LIHTC) properties.
Fairfield’s Focus on Socially Responsible Communities
Governmental Transparency & Corporate Responsibility
Our core values lead us to act in our clients’ best interests and follow a high standard of care in managing investments. Fairfield expects all associates and partners to support our ESG policies and our commitment to business integrity and ethical business conduct. Our compliance department reviews all applicable company activities to ensure that we maintain our longstanding reputation for excellence and integrity. As an organization, the spirit and success of Fairfield come from the engagement and participation of each and every associate.