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An independently operated helpline is also provided for employees and others to use.
All communications are taken seriously and the anonimity of the reporter is maintained.
If warranted, any reports of violations are investigated and properly addressed.
The company does not retaliate, or allow retaliation in any form, as a result of any reports made by an employee in good faith.
We have zero tolerance for corruption in any form.
Transparency International’s 2021 Corruption Perception Index (the Democratic Republic of the Congo (DRC) and the Republic of the Congo).
operations are managed as part of our Sub-Saharan Africa geographic market.
Our policies and procedures for ports of call are standardized globally.
They do not vary from country to country or region to region.
Maritime Cyber Risk Management in Safety Management Systems.
The company’s compliance with this resolution has been verified through independent external auditing.
Our personnel are required to complete ongoing training in cyber security which is continually assessed, updated and refreshed to provide maximum awareness.
An average of completed cyber security training per quarter in 2021.
Protecting employee, customer and company data held at Tidewater is critically important to us.
We want our employees and business partners to be confident that their data is safe and secure and we are transparent in how we use it.
We comply with all applicable data privacy and protection requirements in the countries in which we operate, including the EU’s General Data Protection Regulation (GDPR).
https://www.tdw.com/about-tidewater/privacy-policy/** We reviewed our climate-related financial risks in 2020, following the Task Force on Climate-related Financial Disclosure (TCFD) recommendations.
The review covered how we approach climaterelated risks and opportunities from a governance, strategy and risk management perspective, including the metrics and targets we use.
Climate-related physical, transition and market risks may impact our business and the review highlighted the need for a comprehensive management approach to climate risks, alongside establishing defined metrics and targets.
risks and opportunities as part of its overall responsibility for risk governance.
Describe management’s role in assessing and managing climate- related risks and opportunities.
Management regularly reviews climate-related risks and opportunities as part of its responsibility for enterprise risk management.
Climate risks are included in the enterprise risk management system and will continue to be updated.
STRATEGY Describe the climate-related risks and opportunities the organization has identified over the short, medium and long-term.
Describe the impact of climate- related risks and opportunities on the organization’s business, strategy and financial planning.
RISK MANAGEMENT Describe the organization’s processes for identifying and assessing climate-related risks.
Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
METRICS AND TARGETS Disclose the metrics used by the organization to assess climate- related risks and opportunities in line with its strategy and risk process.
GHG emissions are measured in carbon dioxide equivalents.
Other metrics are being developed for risk measurement.
Disclose Scope 1, Scope 2, and, if appropriate, Scope 3, greenhouse gas (GHG) emissions, and the related risks.
Describe the targets used by the organization to manage climate- related risks and opportunities and performance against targets.
Disruption to operations, required infrastructure adaptations, new or different investments.
Impacts of speed of regulatory shift on business planning, strategy and cost structures to comply with new and additional regulation.
Becoming the recognized low/no carbon supplier of choice.
Low carbon access to green debt and lowering of cost of capital.
Access to government funding/grants for new green technology, e.g., ENOVA, a Norwegian Government agency which pays for vessel battery upgrades in Norway.
Tidewater operates globally, with 90% of its fleet currently operating in 30 countries.
While this is Redfin’s first report on our environmental, social and governance commitments, we’ve always known that any company built to last has to contribute to a better world.
Redfin’s main contribution has been the $saved our customers.
We’ve also guided those customers to make sustainable choices about where to live, and worked to make housing more fair.
Over the past two years, our employees have contributed more than $housing more affordable and accessible.
We’re just as proud of how we’ve treated our employees.
We’re the only major brokerage to employ our agents, paying for health insurance and other expenses; this is one reason that our agents are more diverse than the industry at large.
Since we can’t ask our agents to put customers first if execs don’t put employees first, Redfin’s ratio of executive pay to median pay is among the lowest of any public company.
Guiding Sustainable Choices on Where to Live Of the ways we can make the world at large better, our focus is on making housing more sustainable, affordable and accessible.
Redfin has a special obligation to limit climate change, because we have so much influence over where people live.
Redfin prepares a Walk Score and Transit Score for just about every home for sale in America, encouraging buyers to move to homes that require less driving.
Encouraging Home Electrification We were one of the first major real estate sites to publish data about the climate-related risks of owning homes in areas that, as temperatures rise, may be more prone to flooding or wildfires.
And we’ve been a thought leader on limiting housing’s contributions to greenhouse gasses, publishing essays on home electrification and the cost savings from solar panels; if your home is heated by fossil fuels, it can contribute more to global warming than your car.
We can have an even larger impact on fair housing.
The foundation of that commitment is the diversity of our workforce: as of December people of color, compared to an industry average of 23%; 9% were Black, compared to an industry average of 8%.
We publish a report on the diversity of our workforce every year, and have based our executives’ bonuses in part on the diversity of our employees and our management.
An Industry Leader in Diversity Over the past year, we’ve recruited more agents to serve low-priced homes, and become more systematic about how we assign customers to agents and also how we assign agents to neighborhoods.
We believe a diverse workforce improves our service to communities of color.
After all, homes are how families amass generational wealth; where we live determines which schools our children attend and often sets the boundaries of what seems possible to them.
But our society is still far more segregated than we’d like and, just in the last few years, several studies have documented hundreds of cases of customers of color getting unequal service from brokers and lenders.
Our commitment to making housing accessible and affordable is why we’ve been the only major iBuyer to sell every home we own ourselves on the open market, rather than sometimes facilitating private sales to institutional investors.
Over the last three years, institutional investors have often competed at an advantage against aspiring homeowners in bidding wars, especially for entry-level homes.
Avoiding Bias on Our Site Because we run an online marketplace that can affect which homes sell and for how much, we’ve also been careful to avoid perpetuating biases that limit the value of homes in predominantly Black neighborhoods.
Our machine-learning software for recommending listings and pricing homes has not consumed demographic data about the race, age or income of the people living in that neighborhood.
In on Redfin.com because in some cases we believed it reflected neighborhood differences in policing rather than in actual crime; a rival website then came to the same conclusion that we did.
Reaching Homebuyers in Spanish We’ve successfully collaborated with our school-ratings data provider to broaden its scoring, so that Redfin.com buyers can account for socioeconomic factors that affect graduation rates and test scores.
We’ve also published a home-buying guide in Spanish, and integrated access to down-payment-assistance programs throughout Redfin.com.
There’s still plenty to do, and every commitment we make to a better world has to be balanced against our drive to become profitable.
But our efforts so far have been sustained and effective, because our founding conviction is that the best way to make money over time is to be a force for good.
We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services.
We also run the country's #1 real estate brokerage site.
Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly.
Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar.
Our rentals business empowers millions nationwide to find apartments and houses for rent.
Customers who buy and sell with Redfin pay a fee, subject to minimums, less than half of what brokerages commonly charge.
Since launching in customers more than $1.5 billion in commissions.
Redfin Sustainability Report Our Values A favorite saying at Redfin is that everyone sweeps the floors.
Redfin has built a culture where our executives serve our employees, our employees serve our customers.
In assessment to identify the ESG issues that are most relevant to our business and most impactful to our investors, employees and customers.
Through this process we identified three primary issues that are strategically important to our business and our stakeholders: People & Culture, Sustainable Housing and Access & Affordability.
Going forward, we will organize our ESG strategy and communications around these three pillars, as well as our governance practices that support our ESG strategy.
Redfin’s ESG Pillars Access & Affordability Give customers a better deal and provide equitable access to home buying opportunities, information and resources.
Sustainable Housing Empower consumers to make smarter decisions and offer more choices for sustainable living.
People & Culture Enable a values-based culture where employees from all backgrounds can contribute, excel and thrive.
In addition to these pillars, Redfin also recognizes the importance of strong governance practices to support our ESG pillars.
Since Redfin’s inception, our long-term strategy has included elements of relevant ESG issues.
In oversight of our ESG strategy and stakeholder communications under the oversight of our nominating and corporate governance committee.
In addition, our executive leadership team established an ESG working group, led by our investor relations and legal teams to help guide decision-making and develop key communications.
But what you’ll see in this report reflects the collective efforts of individuals and teams across Redfin, who have taken on the challenge of connecting their ambition to do good in the world with the work they do everyday.
Redfin Sustainability Report Access & Affordability Give customers a better deal and provide equitable access to home buying opportunities, information and resources.
Redfin Sustainability Report Housing Affordability Redfin’s mission is to redefine real estate in the customer’s favor.
Since Redfin’s inception, we’ve saved our customers $money by charging sellers a low listing fee.
In commission refund when they purchase with a Redfin agent, but still deliver excellent customer value with expert guidance from top producing agents2 and technology enabled services like on-demand touring.
Redfin is also leading efforts to make commission data more transparent.
In offered for every listing on Redfin.com in more than 75 markets across the country.
As one of the only national brokerage sites to publish the buyer’s agent commission on every home listing, Redfin helps consumers understand the financial incentives involved in a real estate transaction.
In addition to saving customers money, we also help raise awareness of first-time buyer programs and provide more educational resources on Redfin.com.
Our First-Time Homebuyer Guide (available in English and Spanish) helps countless first-time homebuyers navigate the homebuying process.
Our Down Payment Assistance Programs resource provides information on federal, state, and local down payment assistance programs for families.
In October, we added information to home listings on our website to make it easier for customers to find down payment assistance programs they may qualify for.
Consumer Education Redfin’s team of economists and data journalists harness our data to publish timely research on housing affordability, with the aim to educate consumers, lower the barriers to homeownership and raise awareness of racial housing and wealth inequality.
How to Save for a Downpayment in 2 Redfin agents are the most productive of any top-20 brokerage with $13 million in annual sales volume per agent; next closest competitor is Compass at $11 million.
Annual sales volume per agent based Redfin analysis of MLS data for the 12-month period ended September 30, 2022.