Omega Healthcare Investors, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Efficient Corporate Headquarters Building and Proactive Green Strategies
- Equal Opportunity and Diversity and Inclusion Employee Development and Growth
- Separate CEO and Chair
- Proactively Adopted Proxy Access
- Supporting Tenant Programs
- Strong Alignment of Pay for Performance
- ESG Website and Report
- Supporting Community Involvement
Environmental Achievements
- 56% of Omega’s development from 2015 to 2022 having been built to Leadership in Energy and Environmental Design (“LEED”) certification standards
- Corporate HQ earned the LEED Silver Certification in Existing Buildings: Operations & Maintenance
Social Achievements
- Implemented mandatory diversity and inclusion training for Board members and employees
- Continued implementing mandatory diversity and inclusion training for our Board members and employees
- Invested in several local charitable partnerships to improve economic, health and social outcomes in the local Baltimore, Maryland community, with a focus on the local Black community and historically underrepresented communities.
- Providing grants for operator training programs that focus on development of talent from historically underrepresented communities and have initiated a multi-year scholarship program at a local historically Black university.
- Implemented a Vendor Code of Conduct aimed at improving corporate social responsibility among our key vendors and aligning their practices with our policies.
Governance Achievements
- Updated environmental, social responsibility and governance (“ESG“) website
- Amended and restated Bylaws to provide for voting “for” and “against” director nominees; set forth provisions regarding the conduct of stockholder meetings; grant stockholders meeting certain eligibility requirements the right to nominate and require us to include in our proxy materials for an annual meeting stockholder-nominated director candidates equal to the greater of two director seats or 20% of the Board; comply with the universal proxy rules adopted by the SEC; and provide procedures for meetings of the Board during the existence of emergency conditions.
Climate Goals & Targets
Environmental Challenges
- The impact of the global pandemic continued to be felt by senior care providers. While occupancy gradually improved, it remained below pre-pandemic levels, and the tight labor market remained a challenge for operators. These factors combined to impact the financial capacity of many of our operators and, with federal support less forthcoming in 2022, it resulted in several of our operators being unable to pay their full contractual rent.
Mitigation Strategies
- Our team continued working with troubled operators to find sustainable operating solutions, which also protect the long-term economics of our investments. Our team was able to either restructure or develop a restructuring plan for the portfolios of a significant number of the operators that have required help.
Supply Chain Management
Responsible Procurement
- Vendor Code of Conduct