Sun Communities, Inc. Releases 2021 ESG Report
June 16 2022 - 1:05PM
Sun Communities, Inc. (“Sun” or the “Company”) (NYSE: SUI), a Real
Estate Investment Trust, recently released its Environmental,
Social and Governance (“ESG”) report for 2021, which exhibited the
implementation of numerous initiatives, policies and procedures
across ESG.
In addition, as part of the Company’s unwavering
commitment in these areas, within the last three weeks, Sun proudly
joined the United Nations Global Compact initiative — a voluntary
leadership platform for the development, implementation and
disclosure of responsible business practices (“UN Global
Compact”). Launched in 2000, the UN Global Compact is
the largest corporate sustainability initiative in the world, with
more than 15,000 companies and 3,800 non-business signatories based
in over 160 countries, and more than 69 Local Networks.
“As we grow, we view our responsibility and
stewardship to the environment, as well as to our team members,
communities, and all stakeholders, with a stronger resolve than
ever,” said Sun Chairman and CEO Gary Shiffman. “We recognize that
our team members and culture are the foundation to our success, and
we demonstrate our value for their contributions by investing in
various programs and benefits. We are proud of our many
accomplishments and excited about Sun’s future.”
Over the past year, Sun engaged executive
leadership to develop a corporate sustainability strategy which is
integrated within the larger corporate vision and framework. In
2021, the ESG Steering Committee was established to align
initiatives and actions addressing and managing material issues.
This committee meets quarterly to establish strategies related to
these issues, discuss progress of initiatives, and ensure
cross-functional collaboration.
Advancements made by the Company in the ESG
space over the last year occurred at the Company’s main offices in
Southfield, Michigan as well as its manufactured housing
communities, RV resorts and marinas located throughout the United
States, Canada and Puerto Rico. The highlights of this progress
included the following:
- Through Sun University, advanced
training and educational opportunities for all team members
- Launching of IDEA (Inclusion,
Diversity, Equity, Accessibility) Council
- Support of more than 115 non-profit
organizations in the U.S. and Canada, which included more than
5,600 volunteer hours by Sun team members
- Company-wide commitment to reducing
greenhouse gas emissions and improving environmental performance of
the properties within the Sun portfolio
Sun’s full ESG Report for 2021 can be found
here, on the Sun Communities website – www.suncommunities.com.
About Sun Communities,
Inc.
Sun Communities, Inc. is a publicly traded
company which, as of March 31, 2022, owns, operates and has an
interest in 603 developed manufactured home, RV and marina
properties, comprising nearly 159,300 developed sites and over
45,700 wet slips and dry storage spaces in 39 U.S. states, Canada
and Puerto Rico. Sun Communities is a fully integrated real estate
investment trust (REIT) listed on the New York Stock Exchange under
the symbol: SUI.
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