Lightpath's Commitment to ESG
"Lightpath has established a strong foundation of Environmental, Social, and Governance principles and has aligned our business operations, strategy, and development with these principles. We believe our core ESG principles will foster our commitment to the success of our shareholders, customers, and each of us within the Company, as well as the well-being of the communities in which we operate."
-Chris Morley, Lightpath CEO
Lightpath ESG
Lightpath has incorporated and will continue to incorporate environmental, social, and governance principles into our operating practices. Consistent with our ESG principles, Lightpath also is committed to compliance with all relevant legal and regulatory requirements. These principles and commitment reflect our longstanding commitment to our customers, partners, shareholders, employees, and the communities in which we operate.
For example, Lightpath has established a program that provides all of our team members with 8 hours of paid leave in order to perform volunteer services for charitable and community service programs. This paid volunteer benefit represents 4,184 hours of volunteer time worth approximately $241,374 annually.
GRESB Score
For the independent, 2022 GRESB Infrastructure Asset Benchmark Report, Lightpath received a 5-star rating and a score of 96 placing it first amongst its peer group in the Americas.
Sustainability
Consistent with our Environmental, Social, and Governance principles, Lightpath considers sustainability as an important component of the Company's long-term mission, development, and growth. Creating a culture of sustainability requires a consistent and responsible focus on decision-making that takes into account the well-being of our internal and external stakeholders, the communities in which we operate, and the environment. Lightpath continues to look for ways in which we can minimize the impacts of our business on natural resources and the environment.
Net-Zero Commitment
Lightpath firmly believes in the shared global responsibility of corporations and individuals to alter the current climate change curve and has adopted a focused investment strategy emphasizing intelligent infrastructure toward achieving net-zero target by 2035.
We are working toward setting science-based targets across the board and we are committed to reaching them by advancing sustainability technologies. Our Net-Zero framework offers a balanced approach in considering both the users of fossil fuels as well as aligning our vendors with Lightpath’s goals. Recognizing the importance of a robust carbon accounting methodology and thoughtful implementation, intermediate targets and updates will be released over the intervening years.
Diversity, Equity, and Inclusion
Lightpath is an organization fully committed to diversity, equity, and inclusion in principle and in practice. Our employees are our greatest asset, and we maintain a workplace that is free from Discrimination, Harassment, and Retaliation, through our company policies and the enforcement of them.
ESG Goals
DEI Objective
Lightpath's DEI objective is to promote a culture that attracts, develops and rewards a diverse, inclusive and responsible organization.
Social Objective
Lightpath's social objective is to reduce incidences of occupational injuries or illnesses and ensuring that all employees are trained in occupational health and safety management procedures and systems.
Governance Objective
Lightpath's governance objective is to have no instances of non-compliance with relevant legal and regulatory requirements.