IMPACT initiatives that empower communities
Where we stand
The US drastically lags far behind the global sector leader Europe, and some wonder if the latter’s first mover advantage is now a structural, permanent competitive edge. In the US, there isn’t a uniform definition of what ESG is or how to measure it. This has created some issues and accusations of “greenwashing.”
While this is currently the case in the US, RENEWITY aims to bring a framework that is transparent to auditing and accountability. We believe it still matters to move our country in ways that impact our way of life. Through true environmental, societal, and thoughtful governance, this can be possible.
Sustainable finance can be accomplished if the will and drive are there from the get-go. With a conviction to deliver better outcomes for homeowners, communities, financial institutions, and investors, our outcomes-based, measurable approach will bring clarity through our accomplishments.
Below are our values and third-party partners in our ESG / IMPACT endeavors.
National fair housing alliance
“The National Fair Housing Alliance leads the fair housing movement. NFHA works to eliminate housing discrimination and ensure equitable housing opportunities for all people and communities through its education and outreach, member services, public policy, advocacy, housing and community development, tech equity, enforcement, and consulting and compliance programs.”
As a NFHA member, we stand by our values that mirror these same programs through our wide array of loss mitigation strategies to help retain homeownership and AI/ML tech initiatives that negate bias and algorithmic racism.
FAIRPLAY.AI
“Founded in 2020 in response to calls for greater action against systemic bias, FairPlay™ is the world’s first Fairness-as-a-Service™ company offering products that use advanced AI fairness techniques to reduce algorithmic bias for people of color, women, and other historically disadvantaged groups.”
RENEWITY’s algorithms are open to third-party monitoring from Fairplay - which furthers our commitment to true ESG monitoring and reporting.
United nations global compact
“Corporate sustainability starts with a company’s value system and a principles-based approach to doing business. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labor, environment, and anti-corruption. Responsible businesses enact the same values and principles wherever they have a presence, and know that good practices in one area do not offset harm in another. By incorporating the Ten Principles of the UN Global Compact into strategies, policies and procedures, and establishing a culture of integrity, companies are not only upholding their basic responsibilities to people and planet, but also setting the stage for long-term success.” - UNGC
At RENEWITY, we’ve made a pledge as a signatory to the UNGC in following these principles and incorporate them into our decision-making and policy practices. It is our ethos.
Principles for Responsible Investment
The Principles for Responsible Investment (PRI) Reporting Framework is a key step in the journey toward building a common language and industry standard for reporting responsible investment activities. Its primary objective is to enable signatory transparency on investment activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders.
RENEWITY is committed to the effort of upholding all six PRI principles.
1. We will incorporate ESG issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
4. We will promote acceptance and implementation of the Principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the Principles.
6. We will each report on our activities and progress towards implementing the Principles.
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RENEWITY, INC.
3050 Post Oak Blvd. Ste. 1350
Houston, TX 77056
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If you are an Angel, Family Office, VC, PE or Institutional Investor whose mandate includes social impact for a more equitable future, please fill out the contact form and we look forward to connecting.
“It’s time we build with thoughtful and benevolent intent.”
— RENEWITY