Corporate Sustainability
DEI Policy
We believe that integrating environmental, social and governance, or ESG,
initiatives into our strategic business objectives will contribute to our
long-term success. We have established a management ESG committee comprised of
our Chief Financial Officer, Vice President, Finance and Investor Relations
and Vice President, HR/Benefits and Compliance. This committee is tasked with
overseeing our strategies regarding the Company’s social impact and
environmental sustainability. Our ESG Committee was established with the goal
of increasing our accountability, sharpening our focus, and maximizing our
efforts with respect to the environmental, social and governance impact on our
clients, employees and properties. In addition, the ESG Committee will help to
measure our progress on our ESG initiatives and priorities, adding an element
of accountability, which should also increase our effectiveness. The ESG
Committee will meet at least quarterly with the chairperson of the Nominating
and Corporate Governance Committee of the Board. Through our sustainability
efforts, we seek to incentivize positive change and create value for our
stakeholders. Below are some more details of our corporate sustainability
efforts
ENVIRONMENTAL
-
We provide our triple net lease operators capital improvement allowances for
the redevelopment, expansions and renovations at our properties which may
include energy efficient improvements like LED lighting and low emission
carpeting, recycled materials and solar power;
-
We provide our development partners with capital to build new
state-of-the-art properties with energy efficient components and design
features;
-
We obtain Phase I environmental and Phase 2 reports if warranted as part of
our due diligence procedures when acquiring properties and attempt to avoid
buying real estate with known environmental contamination;
-
Our document retention practices strive to reduce paper usage and encourage
electronic file sharing;
-
We strive for efficiency and sustainability in our corporate headquarters,
participate in a recycling program, and encourage our employees to reduce,
reuse and recycle waste;
-
We purchase carbon offsets to balance against the emissions that we produce
in our low rise, stand alone corporate headquarters;
SOCIAL
-
We employ individuals who possess a broad range of experiences, background
and skills, and we believe that to continue to deliver long-term value to
our shareholders, we must provide and maintain a work environment that
attracts, develops, and retains top talent and affords our employees an
engaging work experience that allows for career development and
opportunities. Along with a competitive compensation program including
incentive bonuses and a stock option plan, NHI provides a 401(k) plan with a
safe harbor contribution, paid employee health insurance coverage and
tuition reimbursement;
-
We actively support charitable organizations within our community that
promote health education and social well-being. During 2023, we donated
approximately $45,000 to external charitable organizations that provide
support services to the communities that sustain our residents, operating
partners and employees, such as the ALZ foundation, our employee match
program and other fundraising efforts which leverage our professional
relationships with banks, law firms, and other key vendors;
-
We support efforts to cure diseases that afflict our residents and loved
ones by sponsoring and participating in local community events such as the
Walk to End Alzheimer’s;
-
We encourage our employees to support our local community by matching
voluntary contributions through our company-wide Charity program;
-
We support the Granger Cobb Institute with a continuing endowment to further
educate students in pursuit of careers in senior housing;
-
We support the Community Foundation of Middle Tennessee with a continuing
endowment to support local charities; one of our corporate officers serves
on the Board as well;
GOVERNANCE
-
We elected our first female director, Charlotte A. Swafford, to the Board of
NHI in 2020;
-
We engaged a search firm to help the Board identify an additional diverse
member which resulted in the appointment of our second female director,
Tracy M.J. Colden, in 2022;
-
We appointed Ms. Colden as the chairperson of the Nominating and Corporate
Governance Committee in 2024 and have commenced a search for a new director;
- NHI’s workforce by gender is 52% female and 48% male; and
-
We have designed our executive compensation to be aligned with stockholders
by rewarding executives for growth in Normalized FAD and dividends,
conservative dividend payout ratios, prudent balance sheet management,
accretive investment growth, and total shareholder return;
-
We have adopted a Clawback Policy to recoup incentive compensation in the
event the Company is required to restate its financial statements.