NEW YORK, September 20, 2022--(BUSINESS WIRE)--INDUS Realty Trust, Inc. (Nasdaq: INDT) ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced that the Company’s President and Chief Executive Officer, Michael Gamzon, has signed the CEO Action for Diversity & InclusionTM pledge (the "CEO Action Pledge") as well as endorsed the United Nations Women’s Empowerment Principles ("WEPs"). The CEO Action Pledge is the largest CEO-driven business commitment to elevate diversity and inclusion in the workplace, and the WEPs are a set of principles that guide businesses to create an environment that supports gender equality and women’s empowerment in the workplace and beyond.
Michael Gamzon, President and Chief Executive Officer of INDUS, commented, "We believe that promoting an environment that draws upon our employees’ diverse backgrounds, experiences and perspectives strengthens our organization and positions us for greater success. Becoming a signatory to the UN Women’s Empowerment Principles and CEO Action Pledge reflects our Company’s core values and commitment to champion diversity, gender equality, and the rightful advancement of women in the workplace."
INDUS continues to make strides in its diversity, equity, and inclusion ("DEI") efforts. INDUS employees undergo annual training on unconscious bias, DEI, and anti-discrimination and harassment. INDUS also has implemented programs to help address the needs of its diverse workforce including extended paid parental leave for new, adoptive, and foster parents, tuition reimbursement and assistance, and wellness reimbursements which can be applied towards counseling and other emotional support needs.
"I look forward to sharing best practices and learning alongside other business leaders as a member of these coalitions," said Mr. Gamzon. "We are proud of the progress we have made at INDUS to date and will continue our efforts to advance diversity in our organization and empower our employees to build a culture that welcomes and learns from diverse perspectives."
INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial/logistics properties. INDUS owns 39 industrial/logistics buildings aggregating approximately 5.7 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina, and Florida.
About CEO Action for Diversity & InclusionTM
CEO Action for Diversity & InclusionTM is the largest CEO-driven business commitment to drive measurable action and meaningful change in advancing diversity, equity, and inclusion in the workplace. With over 2,000 CEOs of American-based organizations, signatories of the coalition receive access to resources and events to support action and drive progress to advance diversity & inclusion in the workplace. Learn more by visiting CEOAction.com and twitter @CEOAction.
About UN Women’s Empowerment Principles
The Women’s Empowerment Principles are a set of seven principles established by the UN Global Compact and UN Women that offer guidance to businesses on how to promote gender equality and women’s empowerment in the workplace, marketplace, and community. Through joining WEPs, CEOs around the globe commit to gender equality through implementing programs within their organizations that also contribute to the Sustainable Development Goals. Learn more by visiting their website at weps.org.
This Press Release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include INDUS’ beliefs and expectations regarding future events or conditions including, without limitation, statements regarding INDUS’ diversity and inclusion goals. Although INDUS believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved. The projected information disclosed herein is based on assumptions and estimates that, while considered reasonable by INDUS as of the date hereof, are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the control of INDUS, and which could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Other important factors that could affect the outcome of the events set forth in these statements are described in INDUS’ Securities and Exchange Commission ("SEC") filings, including the "Business," "Risk Factors" and "Forward-Looking Statements" sections in INDUS’ Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 11, 2022, as updated by other filings with the SEC. INDUS disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law.
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