ESG Statement
Ridge Capital Investors embraces its responsibility to advance a sustainable, accessible, and equitable future within the communities where we live, work, and invest. We similarly recognize that a range of environmental, social and governance (ESG) factors can impact the risk-adjusted returns we generate for our investors. The identification and analysis of these factors is integral to our investment process.
Environmental: Ridge seeks to reduce each investment’s environmental footprint to achieve a savings in operating expenses and enhance our tenants’ satisfaction with our properties. Examples of such initiatives implemented across our portfolio include: remediation of hazardous building materials and toxic organic substances, creating smoke free properties to improve air quality, reducing utility consumption by investing in more efficient building systems and weatherproofing, landscaping with drought tolerant native trees and shrubs, utilizing recycled irrigation water, mandating green janitorial practices, and incorporating such tenant amenities as ride sharing facilities, electric vehicle charging, and secure bicycle storage with access to locker and shower facilities.
Social: Ridge appreciates the permanence of real estate and humbly views our role as a temporary steward of the assets we own. In that role, Ridge strives to be an upstanding citizen. We embrace and value diversity in all its forms and promote the ideals of mutual respect, inclusivity, and equity. Our success is interconnected to the success of the communities in which we invest, and we are responsible for weighing the many impacts a property’s business plan has upon the population that interacts with it.
Our fundamental investment strategy is to identify undermanaged assets where we can improve upon a property’s physical quality and create safe and vibrant places for people to live and work. This often involves fixing health, accessibility, seismic and other safety issues that have gone unaddressed by prior owners. In some instances, it also includes historic preservation. Our business plans typically involve improving air quality, enhanced security and janitorial services to improve health and safety, and creating amenities for tenants that promote a healthy lifestyle, such as fitness facilities and outdoor recreational spaces. Additionally, a portion of our operating budgets are spent on social programing to foster better relationships with and between tenants.
Governance: The partners of Ridge are committed to the highest moral and ethical standards of conduct and to ensuring a fair workplace; we are intentional about working with third-party firms that do the same. Our joint venture and fund investors are afforded various control mechanisms and each Ridge fund has a board of advisors that Ridge calls upon to resolve any perceived or actual conflicts of interest.