Environmental And Social Governance

KEY POINTS WITH RESPECT TO THE CONSTRUCTION INDUSTRY

  • The building material industry has relatively high exposure to environmental risk, notably cement companies; construction companies are more exposed to social risks.
  • The cement industry, together with steel, ammonia, and ethylene, accounts for about half of total CO2 emissions in the industrial sector. As a result, cement companies are likely to invest significantly more to comply with more stringent environmental regulation.
  • Evolving consumer behavior in response to environmental concerns may support medium-term growth prospects for the most innovative building materials companies.
  • The construction industry has above-average exposure to governance issues, due to the inherent complexity of projects, which exposes companies to contingent liabilities and litigation risks.
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LEED

(Leadership in Energy and Environmental Design) certification, which is the most widely used green building rating system in the world. Available for virtually all building types, LEED provides a framework for healthy, highly efficient, and cost-saving green buildings. LEED certification is a globally recognized symbol of sustainability achievement and leadership.

WELL

Building certification, which assesses human health and wellbeing performance in buildings, using standards developed by the WELL Building Institute.

WIRED SCORE

Wired Certification, which provides transparency on the quality of internet connectivity in office spaces and access information (internet is among the top three most important factors for tenants who are searching for office space, along with cost and location).

LOW CARBON AGENDA

CO2 reduction strategies are becoming an important topic across all levels of government. Global leaders are looking at the impact of industrial practices, identifying that approximately 40% of global carbon emissions come from the construction and operation of buildings.

We have a unique opportunity to leverage our leadership and establish a “Low Carbon Agenda” as a corporate strategy to offset the carbon impact from buildings. As a key part of a Low Carbon Agenda, we are reviewing potential projects that appropriately align with our overall corporate strategy to establish energy saving targets and achieve a reduction in carbon emissions across our portfolio. We are looking to support projects that are considering decentralized energy strategies including buildings designed and constructed with the potential to achieve Net-Zero Energy or Carbon.

OUR ESG STATEMENT

We seek to manage our business with integrity and to balance economic goals with good corporate citizenship to ensure the well-being and safety of employees and to be good stewards in the communities in which we operate.

EMPLOYEE WELL-BEING

Meet or exceed all applicable labor laws and standards in jurisdictions where we operate, which includes respecting human rights, offering competitive wages and implementing non-discriminatory hiring practices.

COMMUNITY ENGAGEMENT

Engage with community groups that might be affected by our actions to ensure that their interests, safety and well-being are appropriately integrated into our decision-making.

HEALTH AND SAFETY

Aim to have zero serious safety incidents within our businesses by working toward implementing consistent health and safety principles across the organization.

GOVERNANCE, ETHICS AND FAIRNESS

Operate with high ethical standards by conducting business activities in compliance with applicable legal and regulatory requirements, and with our Code of Business Conduct and Ethics.

ENVIRONMENTAL STEWARDSHIP

Mitigate the impact of our operations on the environment and conduct business according to the highest ethical and legal/regulatory standards. Strive to minimize the environmental impact of our operations and improve our efficient use of resources over time.

Knightsbridge Development Corporation is committed to excellence in high-performance building design, advanced clean-technology integration, and low carbon strategies for the building construction sector to keep pace with the unprecedented growth of sustainable buildings.

We believe that the success of projects striving for energy conservation targets and high-performance building standards such as LEED certification depends on a collaborative workforce committed to greater dialogue, interaction, and teamwork amongst the owner, design consultants, contractor, occupants and operations staff.

PHILANTHROPY

Encourage our employees to participate in and give back to the communities in which we operate.

TRANSPARENCY

Be accessible to our internal and external stakeholders by being responsive to requests for information and act timely with our communication.