Trico Residential Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Modern Slavery
- Environmental Stewardship
- Social Responsibility
- Governance
Environmental Achievements
- Ensuring homes are built to the highest standards of energy efficiency and environmental friendliness; minimizing ecological footprint through sustainable practices in material sourcing, waste management, and recycling
Social Achievements
- Supporting the local economy by prioritizing local suppliers and contractors; philanthropy in health, wellness, education, and multiculturalism
Governance Achievements
- Upholding the highest standards of corporate governance; ethical decision-making and transparency; robust Whistleblower Policy
Climate Goals & Targets
Short-term Goals:
- Continue development of a comprehensive program in support of the review, assessment, and mitigation of modern slavery within our operations and supply chain
Environmental Challenges
- Modern slavery risks in construction sector supply chains; insufficient visibility over suppliers’ operations and supply chain practices; potential for forced or child labor in the labor sector
Mitigation Strategies
- Ongoing review and strengthening of internal policies and supplier code of conduct; further development of supplier audits; employee and supplier training; stakeholder engagement; annual publication of Modern Slavery Statement; implementing and promoting an effective grievance mechanism
Supply Chain Management
Responsible Procurement
- Preference given to supplies with ethical certifications or higher production standard certifications; supplier code of conduct