Hunt Companies, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Development
- Investment
- Empowerment
Environmental Achievements
- Completed 3rd Corporate Sustainability and Greenhouse Gas (GHG) evaluations with improved year-over-year scores and overall GHG emission reductions.
- Reduced energy use by 30% and water use by 45% at the University of Hawaiʻi Residences for Innovative Student Entrepreneurs (RISE) project.
- Achieved two Green Globes ratings for the Daniel K. Akaka Veterans Affairs Clinic in Kalaeloa, Hawaiʻi.
- Offset corporate air travel emissions through investment in carbon offset credits with Bonneville Environmental Foundation.
- Amber became a member of the Partnership for Carbon Accounting Financials (‘PCAF’).
Social Achievements
- Launched a Volunteer Paid Time Off (VPTO) policy to encourage employee volunteering.
- Formed a first E&I (Equity & Inclusion) committee.
- Donated nearly $12 million in 2023 through the Woody and Gayle Hunt Family Foundation.
- Delivered affordable housing projects, contributing solutions to a nationwide housing affordability crisis.
- Launched Truist Momentum, a financial wellness program providing tools and education to residents.
Governance Achievements
- Established three policies – Healthy Materials, Embodied Carbon, and Green Building – to provide tools for portfolio companies to become leaders in green building.
- Established an internal Sustainability Steering Committee in 2021 to help shape Sustainability initiatives and provide ongoing guidance.
- Added or formalized specialized sustainability roles within several portfolio companies.
Climate Goals & Targets
Environmental Challenges
- Climate-related physical risks (riverine flooding, sea level rise) and transition risks (regulation mandating climate-related disclosures, embodied carbon regulation).
- Data quality and expansion of emissions categories for GHG inventory.
- Need for improved tracking of commodity and energy usage.
Mitigation Strategies
- Annual climate risk assessment updates, including financial data alignment with growing climate risk.
- Increased participation in sustainability evaluations and adoption of software reporting platforms.
- Implementation of utility management software to streamline and expand data availability.
- Piloting electric vehicles within fleets and incorporating EV charging facilities across properties.
Supply Chain Management
Responsible Procurement
- Healthy Materials Policy
- Embodied Carbon Policy
- Green Building Policy
Climate-Related Risks & Opportunities
Physical Risks
- Riverine flooding
- Sea level rise
Transition Risks
- Regulation mandating climate-related disclosures
- Embodied carbon regulation
- California's AB 2446
- Federal Supplier Climate Risks and Resilience Rule
- Carbon Border Adjustment Mechanism (CBAM)
Reporting Standards
Frameworks Used: SASB