Environmental, Social, and Governance Principles

At Encore Capital Management, we believe in the prioritization of responsible investment for the betterment of society. We recognize that fund managers bear responsibility for the social impact of the capital they invest, and thus we seek to utilize our leverage in the marketplace to promote socially responsible goals: to invest in projects which will improve the quality of life of its eventual owners, tenants, and surrounding communities.

At Encore Capital Management, we believe in the prioritization of responsible investment for the betterment of society. We recognize that fund managers bear responsibility for the social impact of the capital they invest, and thus we seek to utilize our leverage in the marketplace to promote socially responsible goals: to invest in projects which will improve the quality of life of its eventual owners, tenants, and surrounding communities.

Encore intends to adhere to the following principles when making investments:

Encore intends to adhere to the following principles when making investments:

Seek to be accessible to, and engage with, relevant stakeholders throughout the lifecycle of our real estate projects. This includes, but is not limited to, local municipalities, home buyers, neighbors, and homebuilders.

Seek to grow and improve the communities in which we invest for long term sustainability and to benefit all stakeholders, including on environmental, social, and governance issues.

Within land development, whenever possible seek to maximize density to make housing attainable for as many residents as reasonably possible, reduce the waste of precious land resources, and lower the cost of housing.

Work with local municipalities near our projects to develop and/or enhance schools, public places, parks, and other areas for the enjoyment of all within the community.

Provide payment of fees to local municipalities for social programs such as homeless advocacy, reducing chemical dependencies, improving parks, improving transportation, supporting alternative forms of transportation, and improved utilities such as sanitation and sewer.

Seek to use governance structures that provide appropriate levels of oversight in the areas of audit, risk management and potential conflicts of interest and to implement compensation and other policies that align the interests of owners and management.

Remain committed to compliance with applicable national, state, and local labor laws in the United States; support the payment of competitive wages and benefits to employees; provide a safe and healthy workplace in conformance with national and local law; and, consistent with applicable law, respect the rights of employees to decide whether or not to join a union and engage in collective bargaining.

Maintain strict policies that prohibit bribery and other improper payments to public officials consistent with the U.S. Foreign Corrupt Practices Act and similar laws in other countries.

Provide information to investors upon request on the matters addressed herein, and work to foster transparency about our activities.