corporate
Stewardship

 

Philosophy

For more than three decades, corporate stewardship has been a core value of our company. It is integral to what we do and how we do it. It governs the relationships we build with the operators of our properties, our talented team, and our shareholders. At LTC, we focus on creating long-term value for all stakeholders, meeting today’s needs while preparing for the opportunities and challenges of tomorrow.

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Strategy

Our corporate sustainability and responsibility strategy emphasizes stakeholder engagement to ensure our capital investment initiatives continue to be relevant, yield positive impacts, and are in the best interests of all our stakeholders. 

To that end, we have established a Corporate Sustainability and Responsibility (CSR) Committee which includes the entire Board.

Supporting Our Operators

We help our operators adopt sustainable practices by: 

  • Offering voluntary programs to encourage corporate stewardship
  • Providing free consultations with third-party experts 
  • Exploring remediation efforts as well as innovative solutions and technologies
  • Focusing on initiatives to improve environmental, social, and financial sustainability
  • Offering attractive financing and incentives for impactful changes
     

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 have enabled us to attract, develop, and retain high-caliber, talented employees and Board members with diverse backgrounds and skill sets. 

Our team reflects a wide range of expertise and perspectives, and we actively invest in their growth through professional development programs and employee engagement opportunities, ultimately contributing to the collective success of our company.

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A 2023 Employee Engagement Survey Results:

  • 100% of respondents strongly agreed or agreed with the statement they enjoyed working at LTC, and they found their work engaging
  • 100% of 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 operations and encouraging, incentivizing, and assisting our operators in their efforts to address environmental 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 equal to 830 tonnes of CO2
  • Environmental Consultants: Engaged experts to assess properties and recommending 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: : Created 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

Our governance is rooted in ethics, integrity, accountability, and transparency, fostering stakeholder trust in our sector and building a foundation of sustainable value creation and responsible practices.