LaTerra Development believes that our commitment to environmental, social, and governance standards leads to superior results for all of our stakeholders. We strive to incorporate ESG best practices and strategies in our operations in order to deliver exceptional risk-adjusted returns and create an environment for our people, planet, and practices to thrive.
LaTerra is committed to sustainability in how we manage our business and also our projects. We are always striving to minimize our impact on the environment, social and economic factors. Enforcing our commitment to Building Green, our developments are always CalGreen compliant, but many of our projects have or are pursuing LEED certification or WELL certification. Also, our Storage sector developments are striving to go carbon neutral.
Strong corporate governance encourages accountability and transparency, as it promotes the long-term interest of stakeholders, strengthens Management accountability and helps build trust in the company. Inclusion and Diversity are a core component to our Corporate Governance as LaTerra has minority and female ownership in addition to the Management committee consisting of 30% women.
In 2024, LaTerra established a Sustainability Committee with representatives across key functions including Investment, Development, Asset Management, and Compliance. The committee reports directly to the C-suite leadership team and investors to ensure accountability at the highest level of the organization, and to align our sustainability objectives with our broader business strategy. Last year, LaTerra completed our inaugural Sustainability Report – a milestone towards our dedication to creating positive impacts in the real estate industry. Read about our performance across environmental, social, and governance dimensions here: 2024 Sustainability Impact Report
Furthering our commitment to ESG, LaTerra will be filing with the Global Real Estate Sustainability Benchmark (GRESB) organization. GRESB provides validated ESG performance data and peer benchmarks to improve business intelligence, industry engagement and decision-making.
LaTerra Development remains committed to supporting educational initiatives, recognizing the vital role they play in shaping future generations. LaTerra supported the Tierra Antigua Elementary School in Albuquerque (which is within walking distance to its 344-unit Bedrock at The Trails project) by contributing a cutting-edge 3D printer to bolster their STEAM program. This donation reflects the company’s dedication to empowering youth and fostering a culture of innovation, ensuring that students in Albuquerque have access to state-of-the-art equipment that inspires creativity and propels them toward success in an increasingly tech-driven world.