CAHEC has published its 2024 ESG Impact Report, detailing the organization's accomplishments and future goals in environmental, social, and governance practices. The report builds on voluntary ESG frameworks adopted in previous years and covers achievements from January 1, 2024 through December 31, 2024, demonstrating CAHEC's ongoing commitment to becoming a sustainable and purposeful organization. A significant development highlighted in the report is CAHEC's voluntary adoption and tracking of multiple global standards, including the Global Reporting Initiative, Sustainability Accounting Standards Board standards, and United Nations Sustainable Development Goals for the 2024 reporting year. This comprehensive approach to ESG reporting reflects the organization's dedication to transparency and accountability in its operations.
The organization also created an enhanced investment policy that clearly defines objectives for sustainable investment and development. This policy framework guides CAHEC's community investment activities across its Southeast and Mid-Atlantic footprint, where the organization focuses on providing housing and life-changing opportunities to residents through various tax credit programs and community development initiatives. On the social front, CAHEC launched the Mental Health Employee Resource Group to raise awareness, normalize conversations around mental health, and connect employees with resources that promote well-being and work-life balance. This initiative represents the organization's commitment to employee welfare and creating a supportive workplace environment.
President and CEO Dana Boole emphasized the complexity of adopting and tracking multiple ESG standards, noting that expanding them year after year to include broader ranges of affiliates and data points presents significant challenges. However, she stated that this dedication is what distinguishes CAHEC in the community investment sector. The organization's commitment to ESG is anchored by its overarching values and drive toward becoming the premier community investment organization in the Southern United States. CAHEC's product areas include investing in low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. The organization also provides loan programs, wellness and education initiatives for residents, affordable housing development, and property management services. For additional information about CAHEC's contributions to affordable housing and surrounding communities, visit https://www.cahec.com.
