Environmental Stewardship
The nature of our investment strategy promotes environmental stewardship in meaningful ways.
- Proximity to essential distribution points means fewer vehicle miles travels, less fuel used and fewer emissions produced.
- Repurposing existing buildings allows for use of recycled materials and installation of energy and water usage efficiencies.
- Development of historical manufacturing sites includes removal of hazardous materials benefiting on-site workers and surrounding communities.
- Absence of greenfield development leaves open land intact, preserving watersheds and plant life that combats carbon emissions.
- New construction is LEED certified and solar panel installations are ongoing.
To read more about our Environmental Policy in our latest sustainability report, click here.
Social Responsibility
Our values are reflected in our commitments to employees and local communities.
- We grow employee skills and leadership qualities with educational opportunities.
- We encourage healthy lifestyles with subsidized health and wellness programs.
- We support employees’ charitable giving through corporate matching and paid time off for volunteer activities.
- We donate to local food banks in each of the six coastal markets in which we operate.
- We invest in traditionally underserved urban infill locations – investing over $175 million to improve the quality of buildings and building sites in our markets.
To read more about our Social Responsibility Policies and Highlights in our latest sustainability report, click here.
To read our Human Rights and Labor Rights Policy, click here.
To read our Supplier/Vendor Code of Conduct, click here.
Governance
We believe good governance is good business. Shareholder alignment is central to all we do.
- We value board diversity including work and life experiences, gender identity and underrepresented-community inclusion. We elect directors annually.
- We eliminate structural conflicts: no joint ventures, no operating partnership interests for management and no personal investments in other industrial REITS.
- We tie incentives to shareholder performance. Our CEO and President receive NO cash bonuses. All incentive compensation is paid in Terreno shares based on total shareholder return over rolling three-year periods.
- Our board and management team demonstrate shareholder alignment with personal investment. Together, owning more than $100 million in Terreno stock.
- Our governance approach – which includes opt-out of Maryland’s anti-takeover provisions and shareholder rights plans – is Top-Rated by Green Street Advisors.
To read more about our Governance policy in our latest sustainability report, click here.