ESG
At FPA, we strive to increase asset values by improving
environmental, social and governance impact.
Maximizing Impact in Multifamily
We believe that we can leverage our operations, supply chain and business model to create positive impact. New ESG initiatives are evaluated based upon their materiality, return on investment, alignment with core company values and our global citizenship priorities. We strive to move the needle forward towards the Sustainable Development Goals where we believe we can create the most impact; quality educational experiences and job opportunities for all, innovation in the built environment and responsible use of resources. Learn more about how we promote responsible investment and the ways we maximize impact through our Responsible Investment & Stewardship Policy and our ESG Policy.
Environmental
Minimizing Our Resource Footprint
As a multifamily real estate company, it is our responsibility to reduce our carbon footprint with an economically efficient conservation program. At FPA, we support the Paris Agreement. Sustainability is not just a means to an end but an ongoing practice that is constantly changing as technology advances. We have been able to achieve substantial water savings by replacing toilets, shower heads, faucets and water-intensive landscaping. We have been able to increase energy efficiency by updating light fixtures and installing solar screens, motion sensor lighting and Energy Star appliances. We are currently expanding our efforts to include solar energy projects, electric vehicle charging stations and HVAC efficiency retrofits.
We have completed the following sustainable measures and replacements:
46K
low-flow toilets installed
85K
low-flow shower heads installed
111K+
faucet aerators replaced
saved
saved
completed
For us, going green is an opportunity to reduce our environmental footprint while increasing operational resilience, enhancing investment performance and strengthening the communities where we operate. By enforcing environmentally responsible practices, diligently monitoring our performance and setting science-based targets, we are able to maximize value, increase tenant satisfaction and create stable long-term returns. As people become increasingly conscientious of climate change, we believe that properties that go green will be preferred and outperform those properties that are slow to adopt green practices. Incorporating sustainability is not only the way to protect the planet, it’s an integral part of our investment strategy. Our Targets include:
- Energy Efficiency | Reduce energy use intensity (EUI) by 20% across the portfolio by 2030 from a 2020 baseline (2% annual reduction).
- Water Efficiency | Reduce water use intensity (WUI) by 20% across the portfolio by 2030 from a 2020 baseline (2% annual reduction).
- Waste Reduction | Increase waste diversion rates to 50% by 2030.
We are a proud member of 1% for the Planet.
1% for the Planet is a global movement inspiring businesses and individuals to support environmental solutions through annual membership and everyday actions. As a business member, we contribute directly to highly vetted environmental nonprofit organizations that align with our values and goals. 1% for the Planet helps to advise on giving strategies, certify our donations and amplify our impact.
Social Impact
Supporting Worthwhile Causes
We strive to have a lasting social impact by redefining communities through the stabilization of distressed neighborhoods and creating accepting and compassionate spaces for people to live. FPA encourages philanthropy and involvement through our Together program. Each year, a non-profit partner is selected, and team members and tenants are empowered to donate when they submit online rent payments. We proudly match each donation, dollar for dollar.
Funds Raised
Matched
Collected
Past & Present Together Partners
Nationwide Employee Volunteer Programs
Through annual partnerships with reputable non-profit organizations, community fundraising, paid time off for elective volunteer work and company sponsored events, our goal is to make a real difference in every city and neighborhood that our residents calls home.
Our Annual Goal
Governance
FPA + Equity + Diversity + Inclusion = Success
We are committed to cultivating a work environment that represents Diversity, Equity and Inclusion in every aspect of what we do! To accomplish these goals with the highest standards in place, we are focused on a few key initiatives:
inclusive culture
developing talent
community outreach
property inclusiveness
Creating an Inclusive Culture for our Teams. Our Employee Experience Team is committed to fostering a sense of support, purpose and belonging for all team members.
Engaging and Developing Talent. We promote and assist with continuous learning, growth and advancement opportunities by providing a robust training platform.
Community Outreach and Involvement. We believe in creating more visibility and resources for underrepresented individuals in the multifamily industry.
Commitment to Property Inclusiveness. We want everyone to feel at home with us, no matter what path led them here!
We are excited to be partnering with the nation’s leading DEI experts and platforms to drive this initiative with supportive data and reporting. Our workshops, e-learning content, quarterly keynote guest speakers and focus groups are a great way for our teams to stay engaged and informed on an ongoing basis. Stay tuned; we’re just getting started!
Tuition Relief For Team Members & Dependents
Our Scholarship Program is committed to providing educational opportunities and tuition relief, with an emphasis on assisting high-achieving first generation college students and high school seniors. Scholarships are awarded to qualifying team members and their dependents seeking to complete their degree at accredited two or four-year colleges or universities.
54 totalscholarship recipients
2-,3-, and 4- timeconsecutive recipients
3.5 GPAon average
Scholarship Recipients from some of the Nation’s Top Universities
University of Southern California • Texas Christian University • University of Georgia • University of Alabama
University of Idaho • Cornell University • California Polytechnic State University • Michigan State University • San Diego State University
Leadership and Internship Programs
We are committed to promoting Real Estate as a rewarding career-path for college graduates and reaching first generation college students by hiring Interns from all over the country. We have a dedicated Internship Program Director and Campus Recruiter with 30 employees at all levels committed to attending university events each year.
FPA is a proud Residential Property Management Advisory Board Member at:
University
Tech
of Alaska
Wisconsin-Stout
Georgia
Since 2017, we have welcomed:
participants
participants
to full-time positions
RippleMatch’s 2021 Campus Forward Award Honoree!
We are happy to announce that we’ve been recognized as one of RippleMatch’s 2021 Campus Forward Award Honorees! Our Recruiting Team was recognized for their ability to create a valuable summer internship program for interns in an unprecedented year, our D&I efforts, our virtual recruitment efforts this fall, and continued focus on preserving the candidate experience despite the challenges. We are incredibly proud of our Campus Recruiting Team and all the work they’ve put in to make this possible. Thank you RippleMatch for the recognition!
