Magnolia Capital recognizes that Environmental, Social and Governance (ESG) risks and opportunities have become an increasingly vital part of responsible investing and we believe in the mutually beneficial partnership between business and society.
As a growing multifamily real estate company, we have taken the opportunity to integrate ESG criteria into our best practices. We continue to provide monthly reporting for energy/waste/water usage and continue to install Energy-Star certified appliances and equipment in our properties.
Magnolia also takes pride in our corporate offices in staying green. In 2019, Magnolia received the HinesGo award from the Hines Corporation for becoming a green office. With this award, we strive to demonstrate leadership in the industry, create a competitive advantage, and motivate employees to implement sustainable practices in and outside of the office.
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Magnolia continues to strive to be an industry leader in ESG implementation practices through regular initiatives driven by our internal ESG taskforce. We provide full transparency and use consistent dialogue when reporting to investors and partners. We exercise conducting business in a manner to avoid unfair or corrupt business practices.
We make sure to encourage our HR policy that respects all employees and an objective criterion to score employees on performance. Our employee handbook ensures equal employment opportunity across all staff irrespective of role, gender, race, age, religious belief or sexual orientation.