At Buckingham, we have a rich history of growth led by our innovation and willingness to push the standard. As our company evolves and the world changes, we continue to adapt and challenge industry standards. To that end, we aim to fully integrate environmental, social and governance (ESG) practices that are aligned with our business strategy and stakeholder interests.
Our ESG strategy is informed by industry best practices and intended to reduce our carbon footprint, preserve communities, increase value, and reduce risk. From development and construction to investments and property management our ESG initiatives are aligned with an eye toward value creation with a sensitivity toward relative affordability while creating unique spaces that are sustainable for our team, residents, communities and the planet.
We understand the impactful role the real estate industry plays in some of the most prevalent global environmental challenges. We are committed to doing our part to provide more efficient and resilient buildings in the communities where we operate.
Being an engaged enterprise within the communities where we operate and throughout the world is a key aspect of our success as an organization. Although we take great pride in the safe, thoughtful and welcoming spaces we build and operate, we acknowledge that our reach as an organization stretches beyond the walls of our assets.
As the world evolves, shifts in employee and resident demands and increased regulation present risks to the real estate industry. Our proactive approach helps us to identify and implement strategies to attempt to mitigate such risks.
To meet the evolving needs of our employees and stakeholders, our thoughtful social responsibility efforts translate to impactful benefits across our organization and the communities where we operate. Buckingham Foundation, 501c3 and philanthropic partner to Buckingham Companies, was created to implement positive change in the areas of affordable housing and homelessness, community and economic development and arts and culture.
A strong governance program is the foundation of a successful organization and ESG program. Our governance program centers around transparency, ethics and experienced leadership. We have undertaken efforts to formalize our governance structure by implementing policies that exemplify the topics that have always been woven into the fabric of our organization.
The formalization of our governance program addresses the following areas and serves as a framework for good governance.