FAQ: CAHEC's 2024 ESG Impact Report - Sustainability, Community Investment & Employee Well-Being

What is the main purpose of CAHEC’s 2024 ESG Impact Report?

The report provides content and context towards CAHEC’s accomplishments and goals in being a sustainable, resilient, and purposeful organization, building on their voluntary ESG frameworks and detailing progress from January 1, 2024 to December 31, 2024.

Which ESG frameworks did CAHEC voluntarily adopt for the 2024 reporting year?

CAHEC adopted and tracked the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and United Nation’s Sustainable Development Goals (UN SDG) standards for their 2024 reporting.

What are some key highlights from the 2024 ESG report?

Key highlights include the adoption of multiple ESG frameworks, creation of an enhanced investment policy defining sustainable investment objectives, and the launch of a Mental Health Employee Resource Group to promote employee well-being and work-life balance.

How does CAHEC’s leadership view their ESG commitment?

President & CEO Dana Boole stated that CAHEC’s dedication to expanding ESG frameworks year after year sets them apart, with their commitment anchored by overarching values and the drive to be the premier community investment organization in the South.

What is the Mental Health Employee Resource Group (MH-ERG) and what does it do?

The MH-ERG was created to raise awareness about mental health, normalize conversations around mental health, and connect employees with resources that promote well-being and work-life balance.

What time period does the 2024 ESG Impact Report cover?

The report covers accomplishments from January 1, 2024 through December 31, 2024.

Where is CAHEC based and what regions do they serve?

CAHEC is based in Raleigh, NC, and Columbia, SC, and serves residents throughout its Southeast and Mid-Atlantic footprint.

What types of community investment services does CAHEC provide?

CAHEC invests in low-income housing tax credits, historic tax credits, new markets tax credits, renewable energy credits, and provides loan programs, wellness and education initiatives, affordable housing development, and property management services.

How can someone obtain a copy of the 2024 ESG Impact Report?

For more information or to receive a copy of the report, contact Amy Cross at [email protected].

Why is CAHEC’s ESG reporting considered significant according to their leadership?

According to CEO Dana Boole, the complexity and expansion of ESG frameworks demonstrates CAHEC’s dedication and sets them apart as a premier community investment organization committed to their values.