Responsibility
Our responsibility extends beyond our company: it is to the residents we serve, to our stakeholders and to the wider community. We understand that the decisions we make today shape the growth and wellbeing of tomorrow.
Our responsibility extends beyond our company: it is to the residents we serve, to our stakeholders and to the wider community. We understand that the decisions we make today shape the growth and wellbeing of tomorrow.
Dermot’s award-winning responsibility strategy has proven it not only enhances our investments and operations but also the lives of residents and communities. In 2023, Dermot was selected as the winner of the Pension Real Estate Association (“PREA”) Emerging Manager ESG Award. The award acknowledges companies who are leading the way in integrating ESG considerations into their real estate investment strategies.
We actively invest in strategies that promote environmental stewardship, social equity and effective governance. It is the foundation of our business strategy, vision and values.
Enhance sustainability by lowering emissions, bolstering resiliency and incorporating green building practices throughout our portfolio to promote a more environmentally responsible future.
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Support an engaged, diverse and inclusive workforce while prioritizing both employee and resident health and satisfaction.
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Promote a team that aligns with our company values, advances our organizational sustainability expertise and improves our risk management and oversight processes.
We carefully select window installations across our communities that will enhance long-term sustainability and lower energy consumption.
We incorporate LED lighting in common areas to reduce energy consumption, costs, and enhance light quality.
We’ve incorporated air-source heat pumps (ASHP) and smart thermostats in many of our communities to reduce energy usage and lower carbon emissions.
Smart Kit AI monitors carbon emissions from core building systems and reduces energy usage through smart thermostats and building automation systems. Our New York City buildings are grid-interactive, allowing residents and managers to reduce energy usage during peak demand and high carbon intensity periods.
At our Cordoba Apartments in Doral, FL, solar panels installed on the parking garage roof are projected to offset 50% of the common area's energy usage. Dermot plans to implement similar solar strategies at other properties across its portfolio.
We use the latest in sustainable design, construction and smart technology to build a portfolio of green certified buildings.
Our dedication to minimizing water and energy usage, and curbing pollution underscores our commitment to sustainable practices. Collaborating with environmental sustainability specialists and employing rigorous monitoring and smart technology are some of the strategies we're employing to realize our vision. This aligns with The Dermot Company's comprehensive sustainability efforts.
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By implementing strategies for environmental sustainability, we create healthier living spaces for residents while also reducing operating costs.
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Dermot actively fosters an inclusive, equitable environment for our increasingly diverse community. Our ability to achieve business goals and further grow our footprint rests on our continued commitment to elevating all of us.
We do this through a set of guiding principles used to deliver a rewarding experience for our team, residents and partners known as Project D.E.R.M.O.T.
Diversity refers to each personal, unique experience, background, identity, status and preference. Our individuality and authenticity are strengths and collectively makes Dermot great.
Equity means information and fair policies, procedures and practices are accessible to all members of the Dermot community. We endeavor to prioritize opportunities that are meaningful to the individual.
Resilience is Dermot’s responsibility to our purpose and ethics even in changing or challenging times.
Mindfulness is our continual pursuit of awareness in our choices to achieve a state of holistic health. Dermot chooses to take an active role in creating one that positively impacts our communities.
Outcome is a key measure of the success of our programs and decisions. Fueled by innovation and engagement, our focus is placed on purposeful and impactful changes and results.
Togetherness allows all of us to be ourselves and be celebrated for our uniqueness. We purposely invest in ourselves and others and recognize the value of each individual voice which leads to cohesion within our community.
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Our investment strategy places an emphasis on social impact, inclusivity and belonging within the communities we serve. We do this through a focus on health and wellness, affordable housing and our Dermot Ignite program.
We create living experiences and cultivate working environments that prioritize health and wellness. At our properties, we have implemented programming and amenities that contribute to healthy living. We have also spearheaded programs dedicated to enhancing employee experiences through engagement activities, team building and community involvement.
Dermot has more than 20 years of addressing and supporting affordability programs across its portfolio with nearly 1,000 affordable apartments to date. Over half of Dermot properties incorporate an affordable housing component, providing affordably priced units to residents in the community.
Diversity refers to each personal, unique experience, background, identity, status and preference. Our individuality and authenticity are strengths and collectively makes Dermot great.
Equity means information and fair policies, procedures and practices are accessible to all members of the Dermot community. We endeavor to prioritize opportunities that are meaningful to the individual.
Resilience is Dermot’s responsibility to our purpose and ethics even in changing or challenging times.
Mindfulness is our continual pursuit of awareness in our choices to achieve a state of holistic health. Acknowledging that this can be influenced by the environment we live and work, Dermot chooses to take an active role in creating one that positively impacts our communities.
Outcome is a key measure of the success for our programs and decisions. Fueled by innovation and engagement, our focus is placed on purposeful and impactful changes and results.
Tiogetherness - the essence of Dermot - allows all of us to be ourselves and be celebrated for our uniqueness. Our pillars of inclusion embrace compassion, transparency and the willingness to evolve. We purposely invest in ourselves and others and recognize the value of each individual voice which leads to cohesion within our community.
Our experience-based resident social club, Dermot Ignite, is a comprehensive social programming initiative onsite at our communities.
It encourages connectedness, engagement and builds community. We believe this is the cornerstone of resident retention and happy communities.
