Social


Dedicated To Our Employees

Our approach to the social dimension of ESG is two-fold. First and foremost, we are dedicated to our employees. We believe our first responsibility in the “social” dimension is a deep commitment to our people. Secondly, we are committed to the communities in which we live and work.


At the most basic level, when it comes to our employees, we strictly abide by all labor rights laws, we train for and implement practices that support strong health and safety performance, and we strive to be an equal opportunity employer. But because we are dedicated to building a company and a culture that is deeply satisfying for our employees, we go well beyond these basics. 


We provide very competitive compensation and a comprehensive benefits package, including a company-paid retirement savings plan that is ranked in the top 10% of all U.S. companies. Going further, we have, as policy, that all our employees are shareholders, not just stakeholders. We grant restricted stock units to every employee, in support of our goal of aligning all of our interests in ways that we believe create consistent wins for our employees, for Plymouth, and for our investors. 


We have built and now actively renew an egalitarian company culture, characterized by respect and collaboration. This culture of 

shared commitment is a key part of how we think about the “social” dimension of ESG. Because every one of us owns shares in the company, our culture of respect and equality is tangible and vibrant.

We Are Committed To Labor Rights and Workforce Flexibility

Part of our effort as we have embarked on our ESG journey has been to make explicit those policies and commitments that have always informally characterized the way we operate at Plymouth. Doing so helps clarify for all of us what we can expect and count on from one another, and it allows external stakeholders to more fully understand what our principles and practices are. 


Our company operates as a team, so our labor rights policy reflects our strong conviction that each of us deserves dignity and fair treatment in our work environment. Consistent with the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work and the UN Global Compact’s Labour Principles, our Labor Rights policy makes explicit that: 

  • We support employees’ freedom of association and right to collective bargaining
  • We oppose all forms of forced labor
  • We support preventing and eliminating all child labor
  • We are committed to having no discrimination in our employment practices
  • We support diversity and equal opportunity

 

Our full Labor Rights Policy can be found here

 

We have also a formal Workforce Flexibility Policy, which affirms that we provide on an individual basis options for employees to create reasonable flexibility in their work schedules, including options for Working From Home, telecommuting, and the possibility of less-than-full-time work. We extend these options to all employees, without discrimination based on individual characteristics or position in the company.

 

Our full Workforce Flexibility Policy can be found here

Perfect Safety Record Once Again in 2023


Protecting the health and safety of our employees is our first obligation as a company. We are pleased to report that we once again achieved a perfect safety record in 2023, with ZERO lost-time incidents and ZERO total recordable incidents.

Our Commitment to Human Rights


We have always been strong advocates for protecting and advancing human rights, but as we have continued on our ESG journey, we wanted to firmly and formally reiterate that commitment. Therefore, in 2022 we made our support of Human Rights even more explicit by developing and ratifying at the Board level a comprehensive Human Rights Policy.


Our policy in its entirety can be found here. It highlights that Plymouth is committed to supporting full Human Rights, not only in our own operations but across all our business activities and with all our suppliers, vendors, contractors, and other relationships. We adhere to and are committed to advancing all the tenets of the UN Universal Declaration of Human Rights.


We also affirm in our Human Rights policy our commitment to supporting labor rights, occupational health and safety, and all laws regarding child labor, forced labor, freedom of association, and collective bargaining. Beyond this full range of labor rights, we are also committed to providing equal employment and advancement opportunities for all individuals without any discrimination based on age, sex (including pregnancy), gender, gender identity, race, nationality, color, marital status, civil partnership status, sexual orientation, disability, or religion or beliefs. We are further committed to promoting diversity and inclusion at Plymouth as a matter of policy.


Our Human Rights policy also makes explicit what has long been a fundamental commitment of ours to employee health, safety, and wellbeing, including the right of everyone to have all our work interactions be free from harassment or coercion.


Finally, our Human Rights policy highlights our Whistleblower Program that allows anyone to escalate to the Board of Directors any disputes or concerns regarding any potential violations, malpractice, or “reportable” conduct, with independent investigation and monitoring of any such concerns. Under our whistleblower processes, any employee may report any concern without fear of reprisal.


Community Engagement To Reduce Homelessness

As a real estate organization, we are intimately aware of the importance of housing within our communities. Naturally, we have an affinity to those organizations that provide shelter and affiliated services to those in need. In the cities where we have an active presence, we provide financial assistance to organizations that are engaged in these efforts. Our current commitments are to the following organizations:

Vendors and Suppliers

All vendors and suppliers that we engage are encouraged to adhere to the Company's Vendor and Supplier Code of Conduct.

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