American Homes 4 Rent has released a letter to its shareholders in response to a letter activist shareholder Jonathan Litt of Land and Buildings wrote earlier this week expressing its concerns about American Homes' environmental record.
In Litt's letter, Land & Buildings targeted American Homes 4 Rent about its "concerns around the company's failure to adopt any significant environmentally friendly home policies and its intention to vote against the re-election of all members of the Board's Nominating and Corporate Governance Committee at the upcoming 2022 Annual Meeting."
Litt wrote, "Surprisingly, a review of AMH's publicly available ESG policies is silent on the topic of using solar roofs until last week's announcement of a small pilot program with Elevation for solar energy primarily related to the company's amenity centers.
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