Corporate Responsibility

Our Corporate Responsibillty Program Foundations

At Granite Point, we are committed to identifying and responding to business risks and opportunities related to environmental, social and governance issues. We are also committed to being a responsible, ethical corporate citizen, an employer of choice for talented professionals, and a positive member of the communities where we live and work.

Overview of Corporate Responsibility Matters

We believe the following topics are among the most significant corporate responsibility matters for our business and stakeholders. Please read the content under each tab for more information.

Environmental

Climate change and other environmental factors pose risks to our investment portfolio that we must actively manage, and we also recognize our responsibility to operate our business in a manner that limits negative environmental impacts.

About Environmental

Social

Our social commitment is centered on providing resources and support to attract, develop and retain our team of talented professionals, as well as positively engaging with the communities where we operate in New York and Minnesota.

About Social

Governance

A strong governance framework—including an effective ethics and compliance program, thoughtful attention to information security and privacy concerns, and quality corporate governance practices at the Board level—is critical to our long-term success as a real estate finance company.

About Governance

Granite Point Core Values

Our core values guide us in building and maintaining productive long-term relationships internally and with our investors, business partners, communities and other stakeholders. They inform everything we do and how we do it, including our corporate responsibility program.

Image of a circular doughnut chart that shows the relationship/interconnectivity between Granite Point's Core Values: Excellence, Responsibility, Integrity, and Respect.

Board Oversight of Corporate Responsibility Matters

As reflected in our Corporate Governance Guidelines, our Board oversees our approach to corporate responsibility matters and reviews periodic reports from management on related topics. Our Board has assigned duties and responsibilities to its independent committees through their charters to help our Board fulfill its oversight function.

Our Nominating and Corporate Governance Committee provides leadership by assisting the Board in overseeing our overarching corporate responsibility approach, and each of the three standing Board committees has oversight responsibility for some specific corporate responsibility matters consistent with that committee’s overall purpose, as outlined below.

Nominating and Corporate Governance Committee

View Charter

  • Reviewing, and assisting the Board in overseeing, our corporate responsibility priorities, strategies and related public disclosures.
  • Recommending to the Board changes to our Code of Business Conduct and Ethics and our Corporate Governance Guidelines.
  • Reviewing and advising the Board with respect to Board composition, structure and membership.

Compensation Committee

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  • Reviewing our human capital management strategies and practices, which may include those related to recruiting, retention, non-executive compensation, employee engagement, professional development, and inclusion and belonging.
  • Determining compensation of executive officers.
  • Evaluating risks arising from our compensation plans and programs.

Audit Committee

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  • Overseeing risks to which our company is exposed—including those arising from data security issues and from climate change and other environmental matters—as well as our assessment and management of such risks.
  • Overseeing our compliance and ethics programs.

Management’s Cross-Functional Approach to Corporate Responsibility

We have assembled a corporate responsibility working group that reports to our Chief Executive Officer and consists of members from our underwriting and asset management, human resources, legal, financial reporting, and investor relations functions. This working group meets regularly and has been charged with providing leadership in the following areas:

  • Identifying the most significant risks and opportunities that corporate responsibility matters represent for our business and the most significant impacts that corporate responsibility matters have on our business partners, investors, employees, communities and other stakeholders. The group does this work through reflection on the members’ subject matter expertise, consideration of stakeholder priorities communicated to members, and reference to external reporting standards and peer disclosures.
  • Developing strategies and responsive measures to address corporate responsibility risks and opportunities while generating positive impacts.
  • Communicating Granite Point’s corporate responsibility priorities, strategies, and measures to other team members in all-hands and smaller group meetings, in training sessions, and through the development of policies and other materials distributed to all personnel.
  • Preparing disclosures to provide our external stakeholders with information about the corporate responsibility matters we have identified as being most significant to our company, as well as the strategies and responsive measures we have developed.