Social


Our approach to the Social dimension of ESG is three-fold. First and foremost, we are dedicated to our employees. Secondly, we are committed to supporting the communities in which we operate. Finally, we also expect our vendors to adhere to our vendor code of conduct.


Employees

Plymouth is comprised of exceptional people collaborating as a team to accomplish great things. People are our most important asset. People drive all decisions - selecting the properties to acquire, providing service to our tenants, and responding to emergencies 24x7 365 days per year. Our commitment to our people is the centerpiece of our “Social” initiatives.

 

To attract and retain the best people, we provide a comprehensive remuneration package consisting of industry comparable base salaries, and 100% company paid Medical, Dental, and Short/Long-Term Disability insurance. Plymouth believes in the long-term financial well being of our employees and offers a 100% company paid retirement savings plan that ranks in the top 10% of all companies. Additionally, we grant restricted stock units to ALL employees to align with our philosophy of employees as shareholders. The health of our people is of paramount concern and as such we encourage healthy eating and physical activity through a variety of programs. We also have a generous days off policy.

 

We are an equal opportunity employer and reward our employees based on merit and their contribution to the Company.

 

Respect for human rights is paramount at Plymouth and we adhere to all labor rights laws.

Two New Employee Policies: 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 we designed our labor rights policy to reflect 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 formalized our 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

Health & Safety


Protecting the health and safety of our employees is our first obligation as a company. We are pleased to report that we achieved a perfect safety record in 2022, with zero accidents or recordable injuries.

Formalizing Our Longstanding Commitment to Human Rights With New Comprehensive Human Rights Policy


We have always been strong advocates for protecting and advancing human rights, but as we began 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 and 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, 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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