corporate responsibility
People. Planet. PURPOSE.
Implementing corporate stewardship through socially responsible and sustainable practices.
Our Approach
From our earliest days, LTC has been guided by a shared conviction to operate responsibly. We strive to cultivate long-term, sustainable enterprise value through an ecosystem that includes all key stakeholders. As a capital partner and triple-net lessor in the senior housing and health care properties sector, we seek to align our operators’ interests with innovative capital solutions that create shared success. We believe this multi-stakeholder approach has been essential to our success for the past three decades and we remain firmly committed to continuing to operate in this way.
Download our latest report
Our Strategy
Our corporate responsibility strategy emphasizes stakeholder engagement to ensure our initiatives continue to be relevant, yield positive impacts, and are in the best interests of all our stakeholders.
Our Board of Directors plays a key role in evaluating our corporate responsibility strategy, prioritizing the areas we can control that will enhance business resiliency and contribute to our long-term success. The ESG Committee is comprised of the entire Board and meets a minimum of four times per calendar year to discuss enviornmental, social, and health and safety matters.
Supporting our operators in achieving sustainable practices
- By helping them understand how they can achieve successes addressing corporate responsibility issues in their operations.
- By establishing voluntary programs aimed at helping operating partners become good corporate stewards.
- By providing free consultation with an expert third-party experts to help operators better understand options with respect to adopting responsible and sustainable practices, and affecting the bottom line.
- By focusing not only on remediation efforts, but also exploring new ideas and technology.
- By targeting initiatives to not only improve environmental and social sustainability but to help improve financial sustainability as well.
- By being willing to provide attractive financing and incentives to help facilitate changes.
Building Sustainable Relationships
With 29 Operators, 191 properties across 25 States, LTC knows one approach does not fit all. At the same time, real change requires us all working together to maximize opportunities.
We believe aligning our corporate responsibility & sustainability interests, creates shared success for all stakeholders.
We also understand constructive change requires thoughtful, innovative and supportive approach.
Leveraging existing partner relationships to expand opportunities, share best practices, and achieve mutual benefits is core to our collaboration.
Our People
We foster an environment in which respect, collaboration, dignity, transparency, and integrity are embedded in our daily interactions, and in how we conduct business with all stakeholders. These principles, as outlined in our Human Capital and Human Rights policy, have enabled us to attract, develop, and retain high-caliber, talented employees and Board members with diverse backgrounds and skill sets, ultimately contributing to the collective success of our company.
Click image to enlarge
A 2023 Employee Engagement Survey indicated:
- 100% respondents strongly agreed or agreed wtih the statement they enjoyed working at LTC and they found their work engaging
- 100% respondents strongly agreed or agreed they had confidence in the leaders of LTC
Planet
At LTC, we are committed to implementing environmentally sustainable practices in our own operations, and encouraging, incentivizing, and assisting our operators in their efforts to address environmental opportunities and challenges.
Key Accomplishments:
- Green Lease Provisions: Added “green lease” clauses to new and amended leases for more than 100 properties.
- Environmental Underwriting: Enhanced underwriting processes to incorporate environmental assessments.
- Climate Risk Assessment: Conduct annual portfolio reviews to assess and address climate-related risks at our properties.
- Energy Monitoring: Actively monitoring 95 energy accounts as of Dec.31, 2023.
- Carbon Offsets: Purchased offsets equating to 830 tonnes of CO2.
- Environmental Consultants: Engaged experts at our expense to assess properties and recommend sustainable, cost-effective solutions to operators.
- Capital Improvement Allowances for Sustainable Projects: Provided capital at reduced rates for property redevelopment, expansions, and renovations.
- Created E-Playbook: A resource for operators to access an array of sustainable products and services.
- LED Lighting Projects: Invested over $1 million and financed an additional $1.9 million in retrofits.
Purpose
Good corporate governance is rooted in ethics, integrity, accountability, and transparency. We’ve built our business on sound governance principles and practices to ensure we are a trusted leader in our sector. These principles and practices are the foundation of sustainable value creation, building stakeholder trust and driving responsible business practices.
- Code of Business Conduct and Ethics
- Human Capital and Human Rights Policy
- Corporate Governance Guidelines
- Environmental Sustainability Policy
- Vendor Code of Conduct
In 2023, LTC did not make any political contributions.