Climate Change Data

Comstock Holding Companies, Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • Social Responsibility
  • Governance

Environmental Achievements

  • Partnership with DAVIS Construction on the introduction of CarbonCure, a sustainable concrete component, in the construction of Phase II of Reston Station development, saving millions of pounds of CO2 emissions.
  • Multiple assets are LEED and Energy Star certified.
  • Expansion of electronic vehicle charging stations and bike racks at properties.

Social Achievements

  • Hosting community events.
  • Supporting local organizations through charitable events.
  • Providing paid leave to volunteer and charitable contribution matching opportunities.
  • Promoting a diverse, multi-generational workforce.

Governance Achievements

  • Established corporate governance guidelines and policies that promote Company values, including a code of conduct as well as a code of ethics.
  • No material publicly reportable information security incidents in the fiscal year ended December 31, 2023.

Climate Goals & Targets

Environmental Challenges

  • Highly competitive real estate asset management and services industry with larger competitors having greater resources.
  • Potential delays or preclusion from developing in certain communities due to building moratoriums or slow-growth initiatives.
  • Cybersecurity threats.
Mitigation Strategies
  • Continually assessing and improving cybersecurity processes and procedures, engaging with industry-leading managed security service providers, and aligning IT operations with NIST framework.
  • Asset-light, debt-free business model providing greater flexibility.
  • Leveraging decades of experience and in-depth industry knowledge.

Supply Chain Management

Responsible Procurement
  • Intention to engage supply chain to incorporate sustainable designs, materials, and systems into all ongoing or future developments.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • CarbonCure technology in concrete.

Awards & Recognition

  • Best Workplaces for Commuters (since 2020)