Tricon Residential Releases 2023 Annual Sustainability Report
26 Marzo 2024 - 6:01AM
Business Wire
Annual Sustainability Report Underscores
Tricon’s Commitment to Resident Satisfaction, Employee Wellbeing
and Environmental Stewardship
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the
“Company”), an owner, operator and developer of single-family
rental homes in the U.S. Sun Belt and multi-family rental
apartments in Canada, released its annual sustainability report
today. The report is a comprehensive review of the Company’s
progress toward its five strategic sustainability priorities: Our
People, Our Residents, Our Impact, Our Governance and Our
Innovation. The Company also announced that it exceeded its
sustainability targets for 2020 – 2022 and introduced its next set
of three-year key performance indicators (KPIs).
“I am incredibly proud to share our annual sustainability
report, which highlights our commitment to responsible business
practices and showcases how Tricon’s best-in-class resident
experience is deeply intertwined with our sustainability program,”
said Gary Berman, Chief Executive Officer and President of
Tricon.
Tricon’s key accomplishments highlighted in the report
include:
Investing in Our People
- Tricon made over 1,700 courses available to all employees and
delivered an average of 38 hours of training per employee in 2023,
covering culture and business, wellness, professional development,
technical skills, leadership development, and ethics and
compliance.
- Tricon achieved pay equity for 100% of roles analyzed in its
annual audit.
Credit Builder Program
- To improve residents’ credit scores, Tricon automatically
reports participating residents’ rent payments to major credit
bureaus, without reporting any missed payments. This initiative is
part of Tricon Vantage, a market-leading suite of resources to help
residents realize their financial goals and enhance their long-term
economic stability.
- Average credit score of the 2,340 participating residents was
improved by +55 points.
Down Payment Assistance Program
- Qualified residents are eligible to receive $5,000 toward the
down payment of any home they purchase in the United States.
- In the first full year of the program, one family every month
on average has received down payment assistance to purchase their
own home.
Resident Home Purchase Program
- Tricon residents have priority access when Tricon decides to
sell its homes and have the opportunity to buy them before they are
listed for sale.
Protecting the Environment
- By installing 72,000 highly efficient, ENERGY STAR®-rated
appliances in our homes over the last four years, Tricon has
significantly enhanced the baseline energy efficiency of our
homes.
- Tricon is currently targeting LEED Gold certification across
100% of the Canadian multi-family development pipeline,
representing over 3 million square feet of residential space.
The full 2023 Sustainability report, a summary digest version,
and our 2023 Sustainability performance scorecard are available on
Tricon’s website at
www.triconresidential.com/about/sustainability/.
About Tricon Residential Inc.
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner,
operator and developer of a growing portfolio of approximately
38,000 single-family rental homes in the U.S. Sun Belt and
multi-family apartments in Toronto, Canada. Our commitment to
enriching the lives of our employees, residents and local
communities underpins Tricon’s culture and business philosophy. We
provide high-quality rental housing options for families across the
U.S. and Toronto, Canada through our technology-enabled operating
platform and dedicated on-the-ground operating teams. Our
development programs are also delivering thousands of new rental
homes and apartments as part of our commitment to help solve the
housing supply shortage. At Tricon, we imagine a world where
housing unlocks life’s potential. For more information, visit
www.triconresidential.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240326422348/en/
For further information: Investors Wissam Francis
Executive Vice President and Chief Financial Officer Wojtek Nowak
Managing Director, Capital Markets Email:
investorsupport@triconresidential.com Media Tara Tucker
Senior Vice President, Corporate and Public Affairs Email:
mediarelations@triconresidential.com
Tricon Residential (NYSE:TCN)
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Tricon Residential (NYSE:TCN)
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