Corporate Responsibility
To our Stakeholders,
Stratus Properties Inc. and its subsidiaries (collectively, Stratus) has prioritized sustainability in our real estate development projects for more than 20 years. We recognize the intrinsic value that a healthy environment and healthy people bring to our projects, our company and our stakeholders and how our everyday decisions can positively influence the greater good.
We were among the early adopters of sustainable development, combining respect for our environment with our business objectives. Since the early 2000s, we have incorporated sustainable building practices in our retail, residential, hospitality and entertainment projects. We began designing and building our projects to promote environmental and health benefits. We also used national and local best practice green building rating systems - The U.S. Green Building Council’s LEED standards and Austin Energy Green Building - to inform our design and guide our performance. The "Sustainability" tab in this Corporate Responsibility section of our website contains descriptions of notable projects and our policies that describe our history and continuing commitments to strive to be a leader in sustainable real estate development.
We also recognize the importance of our people in accomplishing our financial, social, and philanthropic goals. We believe our successes would not have been achieved without our diverse, dedicated and talented team. We are committed to supporting inclusion in our workplace and encouraging the health and well-being of our employees. Of our 34 employees as of December 31, 2024, 65 percent are women and 21 percent are ethnically diverse. Women represent 80 percent of our executive and senior management positions. We provide our employees with a robust set of benefits to promote a healthy, positive and productive work environment. Our focus on inclusion extends to our Board of Directors: of our 7 directors, 2 are women and 1 is African American. Please see "People" for additional information.
Strong corporate governance is the foundation of our corporate responsibility program. Of our directors, 6 out of 7 are independent. In addition to Board diversity and independence, we are committed to Board refreshment. Three new diverse independent directors have joined our Board in the past four years. We believe these directors bring relevant skills, extensive experience, and fresh perspectives and ideas to our Board. The "Governance" tab in this Corporate Responsibility section of our website contains additional information about our commitment to strong and effective governance practices.
Our corporate responsibility practices are integral to our business strategy and commitment to creating long-term shareholder value. We have also adopted a Vendor Code of Conduct setting forth our expectations that our vendors conduct themselves honestly and ethically and encouraging them to make commitments similar to ours. We believe that by continuing to incorporate sustainable development and building methods, promote an inclusive and healthy corporate culture, and follow strong corporate governance practices, we will produce the best results for all of our stakeholders. As we look forward, we intend to continue our efforts in this direction. We want to thank all our stakeholders, including our team, for their support and contribution to Stratus and its corporate responsibility efforts.
January 23, 2025
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William H. Armstrong III Chairman, President and Chief Executive Officer |
Kate B. Henriksen Director and Chair of the Nominating and Corporate Governance Committee |
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