Pacolet cares deeply about the world we live in, as well as the environmental impacts that Pacolet’s businesses and properties have on surrounding communities. Pacolet is committed to operating in a responsible manner – one that exemplifies the best practices of Environmental, Social, and Governance (ESG) responsibilities, which permeate our entire company – both Real Estate and Power & infrastructure.
What is ESG?
ENVIRONMENTAL
The environmental criterion considers how companies use energy and manage their environmental impact as stewards of the planet and how a company uses resources. Factors considered are energy efficiency, climate change, carbon emissions, biodiversity, air and water quality, deforestation, and waste management.
Social
The social criterion examines how a company fosters its people and culture, and how that has ripple effects on the broader community. Factors considered are inclusivity, gender and diversity, employee engagement, customer satisfaction, data protection, privacy, community relations, human rights, and labor standards.
Governance
Governance considers a company’s internal system of controls, practices, and procedure. It ensures transparency and industry best practices and includes dialogue with regulators. Factors considered often include the company’s leadership, board composition, executive compensation, audit committee structure, and internal controls. Governance may also include shareholder rights, bribery, and corruption, lobbying and political contributions, and whistleblower programs.
Current Commitments
At Pacolet, we firmly believe that our responsibility extends beyond business success; it encompasses actively contributing to the well-being and advancement of the communities we serve. Additionally, we are deeply committed to cultivating a workplace that celebrates diversity, promotes equity, and fosters an inclusive environment for all. Within the three main topics of ESG, we have identified the nine topics listed below as most important to our business and stakeholders:
Climate & Clean Energy
Diversity, Equity & Inclusion
Community Impact & Engagement
Access & Affordability
Engagement
Employee Health & Wellness
Environmental Stewardship
Honest & Ethical Behavior
Management of the Legal & Regulatory Landscape
Investing in the Environment
acres of wetlands and undisturbed land maintained by Bushy Park
Investing in Our Communities
in scholarships awarded by Pacolet Milliken and Lockhart Power over the last 5 years
Investing in Ourselves
years of average employee tenure for Pacolet employees
