The year 2020 will go down in history books. We navigated through a pandemic and participated and observed civil unrest due to the murders of George Floyd, Ahmaud Arbery, Breonna Taylor, and others. During this time, an additional 200,000 small businesses permanently shuttered, while at the same time the largest tech companies grew and billionaires profited such that their wealth grew by 27% during the peak of the crisis.

Perhaps we needed 2020 to rip the band aid off our perception that the world is just fine, and that status quo is good enough. Yet, the built environment is still responsible for 40% of our global carbon emissions. And, amidst a housing affordability crisis, the nation is 3.8 million homes short of demand and growing.

Fortunately, people did come together to reimagine a more resilient and vibrant future. We hope that by sharing this report we can create further inspiration and market transformation towards a brighter, more resilient, healthy and equitable future that in our hearts know is possible. While 2020 was a particular challenging year, Green Canopy continues to position itself to disrupt the industry to ensure a better alternative to the current paradigm of housing.

With deep gratitude,
Susan Fairchild
Director of Investor Relations & Impact

Between the pandemic of COVID-19 and the civil unrest following the murder of George Floyd, the world as we know it has changed dramatically. There has been a grand unveiling of the massive inequities and planetary injustices hidden in plain sight.

With this in mind, we recognize its time for a different approach to business as usual - a more resilient and equitable approach. We are pleased to share Green Canopy’s 2019 Impact Report.

We hope that by sharing this report we can create further inspiration and market transformation towards a brighter, more resilient, healthy and equitable future that in our hearts know is possible.

All the best,
Susan Fairchild
Director of Investor Relations & Impact

“It’s sometimes easy to forget that all the small and seemingly insignificant tasks that we perform daily adds up to big change. Reading the Impact Report reminds me that we’re doing good work and adhering to our mission.”  - Green Canopy Employee

We know you believe transforming the built environment toward more sustainable and healthy housing can help ensure a better future. Thank you for being our partner!

The physical beauty of our Pacific Northwest region combined with a booming tech industry continues to draw people to our high-growth cities of Seattle and Portland. Daily, we feel and see this change with more traffic on the roads, more cranes on the skyline, homeless encampments in what seems like every nook and cranny, and an overflow of cars at our favorite trailheads.

Green Canopy launched in 2009 to combat and lessen the negative impacts of climate change and resource scarcity through in-city homebuilding. Nearly 10 years later, we find ourselves in the epicenter of rapid change. As a mission-driven Certified B Corp Company, Green Canopy inherently feels a responsibility to lean in further to the challenges we are experiencing in our high-growth cities: resource scarcity and global warming, urban sprawl, and housing crisis of affordability and access.

The Company recently paused to examine the broader purpose of our work as an urban infill residential developer and fund manager — going through a process to define our Theory of Change. A Theory of Change is a visual road map to creating the change we want to see in the world and provides a target to which we align our strategies, outcomes, and goals. We began this process with guidance from Jane Reisman, a Social Impact Advisor with over 29 years of experience in strategy and evaluation. The benefits to developing Green Canopy’s Theory of Change became clear early on and continue to bring stakeholder alignment, shared language, and metric alignment.

Green Canopy’s Theory of Change was recognized as a model for transformation in the impact investing community through a case study funded by the Rockefeller Foundation: “The case study provides an illuminating example of how investors can adapt Theory of Change to serve their impact management needs. By demonstrating the relevance and transferability of this tool for articulating, measuring, and managing impact, the hope is that this case study can contribute to strengthening other investors’ approaches, in turn contributing to building the evidence base for the “impact” of impact investments.”

The 2017 Green Canopy Impact Report takes the first step towards aligning our current metrics to our Theory of Change. Our intent for the coming year is to reassess and refresh the metrics to ensure we continue to make progress towards achieving our Theory of Change as well as to further align with common industry standards.

We believe in a better future and the Green Canopy Team — with our partners and communities — is doing the deep work to help us achieve this vision.

Thank you for being an integral part of our
community!

Susan Fairchild
Director of Investor Relations & Impact

The book Drawdown maps, measures and models the 100 most substantive, existing solutions to reverse global warming. The analysis identifies clear opportunities for the building sector to help play a role in drawing down carbon from the atmosphere (Rooftop Solar #10, Electric Vehicle #26, LED Lighting #33, Heat Pumps #42, Walkable Cities #54, Net Zero Energy #79). The Seattle Master Builders Association’s Built Green Program demonstrated this potential in the 2017 report, which found Built Green 4-Star and 5-Star homes were 33% and 40% more efficient respectively than comparable code-built homes.

2017 marks an important pivot point for Green Canopy as the company completed our first Net Zero Energy Home. Net zero energy homes produce enough energy to offset their energy consumption needs over the course of a year through solar energy and ultra-efficient systems. This represents the future of the Company as we rotate our entire pipeline to build only Net Zero Energy Homes in the coming months and years ahead.

“Our Net Zero Energy program is the result of a culmination of 10 years of system, process and team development... This is not the end of our sustainability journey, but it is a very important next step.” — Sam Lai, Cofounder

​FIRST NET ZERO ENERGY HOME COMPLETED | 100+ IN PRODUCTION | 728,112 POUNDS OF CARBON MITIGATED IN 2017

Green Canopy builds good homes that are affordable by utilizing best-in-class materials and construction methods. Our homes use non-toxic materials and finishes, fresh air ventilation systems, and Blueskin technology to provide a weatherproof structure with high air quality. In 2017, all Green Canopy’s homes were certified to Built Green or Earth Advantage standards.

In addition, the Company reviewed and assessed the “Red List” of commonly used harmful building materials. Of the 65 materials listed by Miller Hull and the Living Future Institute, Green Canopy identified 30 materials the Company was already compliant with, and immediately removed 12 additional materials in our supply chain. We are working to find alternatives for the final 27 materials.

Green Canopy’s program with the Washington State Housing Finance Commission (WSHFC) has allowed the Company to sell 11% of its total sales at more affordable and accessible prices compared to standard market rate homes. In 2017, Green Canopy built an average of 5 homes for each project site, where there typically was one — offering more homes at a lower price-point in urban communities and adding walkability to schools, parks, transportation and amenities.

In 2017 Green Canopy developed its fourth fund offering, Cedar Fund, which provides greater access and affordability to families earning 80% of area median income.

“The Cedar Fund puts us in a unique position to not only draw down carbon, but to also lift up our communities.” Aaron Fairchild, Chief Executive Officer

100% CERTIFIED BUILT GREEN OR EARTH ADVANTAGE | 6 AFFORDABLE HOMES IN PRODUCTION WITH WSHFC

Our Pacific Northwest identity is interwoven with our farms, forests, wild lands, and salmon streams. Green Canopy believes honing the ability to develop density in our urban infill walkable communities is essential to reduce sprawl and preserve our wild lands. Green Canopy has created the skill to selectively develop unique lots in our high-growth cities while consistently containing costs, providing a model for residential developers nationwide. For each project site, Green Canopy responsibly deconstructs and recycles the majority of the existing structure and replaces one home with an average of 5.

Green Canopy continuously strives to keep as much of the deconstructed home out of the landfill as possible. In addition to recycling and reusing, Green Canopy developed a partnership with 118 Design, a program that offers job skills to former gang members and recently incarcerated men from the 98118 zip-code. The 118 Design team salvages lumber from the deconstructed homes and repurposes the wood into urban-inspired furniture and wood-clad walls inside Green Canopy’s homes.

“My environmental ethic formed through hours and hours of playtime as a child in our Pacific Northwest mountains and forests. I am motivated to preserve these spaces so my daughters acquire the same sense of connection to our planet.” — Andy Wolverton | Chief Financial Officer
​
​90% OF ONSITE CONSTRUCTION WASTE RECYCLED | 95% OF DECONSTRUCTION WASTE RECYCLED

In addition to reducing operating costs and providing a healthier, livable space, a net zero energy home is generally more resilient. The shift to develop all Net Zero Energy Homes combined with efforts to transform the real estate market towards more sustainable and resilient housing will provide critical built environment infrastructure improvements.

Cities with strong social networks and social inclusion have also been shown to bolster resilience. Green Canopy is working to increase access and inclusivity to highly desirable neighborhoods through efforts including increasing density, partnering with the Washington State Housing Finance Commission to increase affordability, by launching the Cedar Fund and authentically engaging neighbors in Community Meetings. Before acquiring a property, Green Canopy invites surrounding neighbors to a Community Meeting to engage in an authentic dialogue around Green Canopy’s mission and the project design.

The Company also bolsters the resilience of high-growth cities through job creation. In addition to the 27 high quality jobs provided within the company, on average 95 jobs across the trades are utilized for every project site.

“I appreciate that you offer community meetings and a seemingly genuine interest in what matters to the neighborhood.” — Green Canopy Property

95 JOBS CREATED FOR EACH HOME BUILT | OVER 10 MEETINGS WITH POLICYMAKERS AND EDUCATIONAL TALKS GIVEN IN 2017

Impact investing is a rapidly growing industry powered by investors who are determined to generate social and environmental impact as well as financial returns. Green Canopy is an experienced fund manager and has earned a strong reputation for being engaged and transparent. The Company has successfully managed three real estate funds totaling around $45M AUM with over 100 investor accounts. Green Canopy routinely achieves financial and impact returns aligned with investor expectations. The third fund, the Birch Fund, has returned a total of $2.8 million to Green Canopy investors, with a realized annual return of 11.19% through Quarter 4 of 2017.

Green Canopy’s sophisticated approach to creating new financial vehicles for the impact investor is highlighted in its fourth fund offering — the Cedar Fund. The Cedar Fund was developed in response to the current challenges in our high-growth communities, bringing net zero energy homes to market alongside greater affordability and inclusivity for families earning 80% area median income.

“I’ve been happy with the reliable returns I’ve received with Green Canopy’s fund offerings. They’ve been a win-win: solid returns paired with environmental outcomes I value.” — Kathy Washienko | Investor

$2.8 MILLION RETURNED TO BIRCH INVESTORS IN 2017 | RAISING CAPITAL FOR 4TH FUND OFFERING — CEDAR

Deep work refers to the ability to focus, quickly master complicated information, and produce better results in less time. While Green Canopy hones this skill across all channels there are four areas of practice where the Company shines:

• Courageously innovating in the built environment: We are bringing net zero energy homes to market and creating greater inclusivity by integrating more affordable housing. Optimizing systems of cost control and vertical integration allows us to lean further into our mission and aspiration to build regenerative structures. 

• Creating new financial vehicles: Green Canopy creates investment opportunities that provide impact investors with a balance of social, environmental and financial returns. 

• Curating a culture of personal growth and peak performance: All Green Canopy team members participate in monthly leadership trainings to develop the necessary skills for building trust, authentic communication and deliberate engagement with other team members and key stakeholders. Team members are also peer-reviewed biannually through the lens of Green Canopy’s values — Cultivating Community, Authentic Communication and Excellence.

• Engaging, Educating, and Inspiring Stakeholders: Change and transformation only occurs when it is discussed. Using a holistic ecosystem approach, Green Canopy engages its many stakeholders in a variety of ways such as the real estate broker Green Genius Education and Award Program, multi-stakeholder Empower Happy Hours, Neighborhood Community Meetings, and the Green Canopy Subcontractor Loyalty Program.

“Green Canopy’s monthly Leadership Training has been instrumental in fostering a culture of engaged employees who are actively working toward maximizing their potential." — Ami Nieto 

8 PROFESSIONAL LEADERSHIP TRAINING SESSIONS GIVEN TO ALL EMPLOYEES | 63 BROKERS GIVEN GREEN BUILDING TRAINING

Green Canopy CEO, Aaron Fairchild, was recently featured on the Next Economy Now podcast by Lift Economy in the episode "Aaron Fairchild: Rooting Into Perennial Impact Under One Green Canopy." 

The podcast "highlights the leaders who are taking a regenerative, bio-regional, democratic, transparent, and whole-systems approach to using business as a force for good." Green Canopy is continually inspired by Lift Economy's work to benefit all life.

Listen to this episode to hear more from Aaron about how Green Canopy is influencing the existing construction paradigm while deliberately, methodically and incrementally addressing some of society’s most difficult challenges as we collectively work to create a more resilient and regenerative future.

Aaron offers Green Canopy’s past, present and future outlook, thoughts on culture and management, the phases of the company's growth and the importance of inclusive building for a more enriching world.

For more information on Green Canopy's approach to the current construction industry, listen to "Money is a Means to an End: Scaling Your Business with Aaron Fairchild" by The Construction Leading Edge.

By Kyle Mylius | Director of Investor Relations and Strategy | Green Canopy

Part one of this two-part series highlighted the residential real estate market opportunity in Seattle and Portland. 
 
Why is now the time to use business as a force for good? The region’s economic growth and prosperity have fueled urgent social and environmental challenges. If we fail to mitigate these unintended consequences, the costs to do so in the future might very well swamp the near-term benefits and wealth our robust local economy generates today. Instead, we can respond now to the observed market signals and feedback loops by investing some of the capital generated into thoughtful, holistic and practical solutions to those social and environmental issues.
 
At Green Canopy, we embrace the Chinese dictum, “The best time to plant a tree was 20 years ago. The second-best time is now.” As a for-profit company backed by shareholders, we seek to make money and create long-term company value through various verticals in real estate. But we are also driven to create real estate projects and financing models that allow us to live into the world we envision as manifested within our Theory of Change. This compels us to use a portion of the company’s resources to create vitally important social and environmental value for our shareholders, homeowners and neighbors who collectively make up the fabric of the communities in which we live, work and play.
 
We do this by running toward these challenges and recognizing them as opportunities. For example, we help mitigate global warming by building net zero energy homes. In so doing, we create value in new homes — value that home buyers, renters, banks and appraisers will increasingly recognize.  In time, more and more home builders and will want to capture that value and build to a net zero energy standard, making meaningful progress toward slowing our local impact on global climate change.
 
Beyond this very practical business imperative, lies an awareness within Green Canopy that our built environment has tremendous impact on the natural environment. We recognize that we have a responsibility as a real estate developer to change the ways homes are built and perform. Therefore, we endeavor to design homes to have increasingly less impact on the Earth compared to typical “code built” homes. And aspire to ultimately design and build homes as carbon sinks and regenerative structures that help reverse global warming.
 
We need to find ways to alter humanity’s relationship with the environment, and have the courage to execute those new ideas. I’ve come to believe that each person should shoulder some of the responsibility for not only adhering to environmental best practices but for creating new, practical models for protecting our world. We owe the world our physical labour and our earnest brain power.
-Dan O’Brien, Food for Thought: How a buffalo herd taught me to be a responsible capitalist, Beside magazine Vol 2
 
We cannot succeed in our goals if we serve only the wealthy. Net zero energy homes should be accessible to all homeowners and renters, including the 35 million Americans who spend an inordinate amount of their income on energy bills. Accordingly, Green Canopy is expanding inclusivity in the urban neighborhoods we serve. We are doing this by creating investment structures that attract like-minded investors, enabling us to scale our work and build more affordable homes within desirable urban neighborhoods.

We are often asked, “Why?” Or even, “We get that environmental sustainability, and features like net zero energy can also be financially profitable. But can’t you just let non-profits and public agencies tackle housing affordability?”  Our answer is a resounding, “No.” As systems thinking has taught us, social and environmental problem sets are inextricably linked. Solving for one without considering the other would be an inefficient and potentially even counterproductive use of capital.
 
Traditional urban residential development approaches and financing tools perpetuate multi-generational and systemic exclusion and inequality. The magnitude of the challenge demands a multi-pronged solution, as expanded on in the Seattle Times and and the New York Times. We are driven by more than a sense of moral obligation, more than an opportunity to both make money and do good. We do this work because we and our stakeholders enjoy power and privilege that — absent of taking a different approach — will only perpetuate and expand social injustice and environmental degradation in the place we all call home.
 
As long as we participate in social systems, we don’t get to choose whether to be involved in the consequences they produce. As such, we can only choose how to be involved, whether to just be part of the problem, or also to be part of the solution. That’s where our power lies, and also our responsibility. 
-Allan G. Johnson, Privilege, Power and Difference
 
Another question we get is, “So what is the cost for doing this work?” We have calculated the costs and it’s not as much as most assume, whether measured in profit margin to the developer or financial returns to investors. And what is often underappreciated, in part because it is harder to measure and quantify, are the benefits of reduced risks to the developer’s brand, the costs of obtaining permits and entitlements, and the ability to sell homes and differentiate value in a competitive market, to name just a few. Similarly, investors who back our work are taking a long-term perspective in seeking sustainable value creation and financial returns that do not extract value at the expense of others and the environment.
 
The stakeholders of Green Canopy work in earnest to use our time, talent and capital to harness the economic growth and prosperity of our region for the benefit of all. We acknowledge now is the time to engage and use business as a force for good, with more inclusive and less extractive approaches and business models than before — recognizing our power and privilege must be used responsibly and ethically. The time to plant the proverbial tree is now.

By Susan Fairchild | Director of Investor Relations & Impact | Green Canopy

Those who visit the Green Canopy Headquarters will find, in our entryway, a reminder handed down by our CEO’s father. It’s a framed quote by the baseball legend Yogi Berra, reading— “If you aim for nothing, you’ll hit it.”

At Green Canopy, we’re always looking to identify and clearly articulate the direction we’re headed. By doing this, our team and stakeholders come to a shared understanding of goals. We can all take ownership of these goals, and then create a plan of action to make them happen. One way we’ve done this in the past year, is by mapping out our specific “Theory of Change”. A Theory of Change provides a visual roadmap to creating the change we want to see in the world, and provides a target through which we align our strategies, outcomes, and goals.

Green Canopy began this process with the guidance from Jane Reisman, a Social Impact Advisor with over 29 years of experience in strategy and evaluation. Jane has dedicated her life to empowering non-profits, foundations, and systems thinkers with the tools to significantly increase the probability of achieving their desired impact.
​
As we embraced doing the deep work* with Jane, the benefits to engaging in the process of developing Green Canopy’s Theory of Change became quite clear:

• Impact Alignment: Key stakeholders buy into and align towards our shared purpose and desired impact.

• Shared Language: Shared language enables key stakeholders – employees, board members, investors, vendors, homeowners, and others to speak with a common voice.

• Metric Alignment: Provides additional structure to which we can align our impact metrics to measure our progress, and learn from both our successes and shortcomings.

​
We are pleased to share Green Canopy’s Theory of Change publicly for the first time. We believe in a better future. We invite you to be a part of it. 

Aaron Fairchild, Green Canopy’s CEO recently detailed the Theory of Change at an Empower Happy Hour. Watch Aaron’s presentation here. 

​*“Deep Work” is a concept written about by Cal Newport that he describes as the ability to focus without distraction, master complicated information and produce better results in less time— providing the sense of true fulfillment that comes from craftmanship. 

On December 5, 2017, the Master Builders Association (MBA) awarded Green Canopy and CEO, Aaron Fairchild the 2017 Built Green Moving the Market Award at the Master Builders Association Awards & Gala. Aaron and Green Canopy were chosen “for taking the step to build only net zero energy homes.” Founded in 1909, the MBA is the “nation’s oldest and largest local homebuilder’s association” and continues to move the industry towards greater innovation and sustainability.
 
“I’m extremely honored to represent Green Canopy’s team, owners and stakeholders in receiving this award from such an established and reputable organization as the Master Builders Association of King and Snohomish Counties.” -Aaron Fairchild, CEO, Green Canopy Homes
 
“Aaron is an inspirational force in the Puget Sound area residential home building industry. He and his team continue to push the limits at the intersection of sustainability and business in new and exciting ways. I commend Aaron and Green Canopy for all they do for our association, our communities, and our region,” states Aaron Adelstein, MBA Director of Programs and Products. 

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The MBA featured CEO, Aaron Fairchild, in the Master Builder Winter 2017 issue in the article, “The Man in the Green Hat.” Here is some of what they had to say:
 
“Aaron’s drive to transform the market is indicative of not just his desire to align business, community, and sustainability but of the work and thought that he puts into this effort. He is truly a leader in the regard, constantly innovating and aligning actions with his words. Aaron is a collaborator, mentor and leader all at the same time.” -Leah Missik, Built Green Program Manager
 
“The positive culture Aaron has cultivated resonates throughout his company, the Master Builders Association, and our region.” -Cameron Poague, Master Builders Association
 
“Aaron is the type of person who is actively changing home building for the better” -Cameron Poague
 
Also included in the article is a quote from Green Canopy Co-Founder, Sam Lai, “Aaron can seem enigmatic to some because he’s difficult to pin down. He is a disciplined business mind– as fierce and pragmatic as you would expect from a third-generation banker and Foster School MBA grad. Yet his unwavering passion for social and environmental justice seems counterintuitive… like the trucker cap on his head and Wendell Berry poetry on his lips. One way to understand my friend and CEO is that he is true to his heart and that’s what drives him. He has a vision to make the world a better place and the grit to execute a business plan to make that vision a reality.”
 
Green Canopy continues to be a leader in the housing industry, and in our city.

The last two weeks has been a whirlwind of intentional conversations with like-minded, social purpose organizations. The B-Corps Champions Retreat and the following week of SOCAP17 were both intense conferences of shared themes and desired outcomes. A couple things linger in my mind from these social impact conferences:

• The short distance the social impact investment community has traveled to date and where it is on the arc of its lifecycle trajectory.

• The emphasis on personal improvement.

So how far have we come? My first year at SOCAP was 2009. That was the same year when I first learned about B-Corps companies at the Sustainable Industries Journal forum from Stephanie Ryan of B-Lab. It was directly after SOCAP09, in November of 2009, that Green Canopy bought its first project and our work to build the company began full-tilt and relentless. The first years of Green Canopy were about survival and getting the organization right. Today we have the capacity to expand the scope of our community beyond the Pacific Northwest region. In 2013, we certified as a B-Corps, but my first B-Corps retreat was two weeks ago. This was followed up by SOCAP17, my first year back since 2009. In the eight-year span between first learning about B-Corps companies and SOCAP, and today, this community has grown significantly and become a legitimate investing force and philosophical approach.
 
When looking at the lifespan of contemporary impact investing in the SOCAP17 booklet, the movement is younger than many of us, just turning 40 years old. If we are investing for this generation but also for generations to come, then we are in the infancy of a multigenerational movement determined to continue to grow, learn and transform global society and economy. We are on the early side of the impact investment lifespan for sure. We have a long way to go and the urgency of the issues we are addressing with our labor and capital create impatience on behalf of just about everyone in this community. Throughout both conferences it felt like most people were understandably feeling the impatience of our youthful movement. Like we just want to be older and more mature than our short 40-years will allow.
 
And then when we couple our youthful impatience with the urgency our work demands, impatience compounds. Which, perhaps, is the reason so many conversations at both conferences discussed the importance of personal, emotional, and spiritual growth in the practice of social entrepreneurship and impact investing. If the antidote to anger is patience, then the lack of patience leads to anger. The importance of love in our work requires patience, yet patience decidedly lacks urgency. Perhaps in order to productively hold this dichotomy through the transition to a new paradigm, a focused determination that allows for grace and patience when organizing with a sense of urgency requires each of us to develop increased mindfulness within swirling storms.

Celebrating our collective “wins” and taking stock of our successes happened throughout both conferences as well, and from my perspective there is a lot to celebrate in the progress we have collectively made in just the last eight years. When I first learned about B-Corps companies in 2009, there were 205 certified B-Corps, in 28 states and in 54 industries. Today there are 2,310 certified B-Corps, in 50 countries and in 130 industries. SOCAP has tripled in size and become an international affair. It is drawing investment firms representing more capital than most people seemed to think possible just a few years ago. Bringing values into our investment analysis continues to seem obvious once seen; like suddenly being able to see a number hidden within the page of little colored dots. The more people’s eyes identify that opportunities to make money work for positive change are hidden in plain sight, the more obvious it becomes that when we direct our resource toward changing the world for better, the world indeed gets incrementally better.
. 
I am entirely grateful to be part of this community and movement, and I look forward to continuing with the dual edge of graceful patience and urgency, toward building and investing in the future we believe in.

"Transparency, accountability are no longer fringe ... We are seeing a surge of leaders who want to have a platform to influence the greater good." -Bart Houlahan, B Corporation | SOCAP17

Contributed by Andy Wolverton, CFO

Green Canopy gladly spends significant time and resources to nurture our corporate culture; a culture centered on our Values. These shared values reveal themselves in the norms, mantras, behaviors, and language of the company; they are the bedrock of culture. Rather than let our values develop organically by default or be established top-down, every member of the Green Canopy Team participates in the process of establishing our shared Values from the ground up.

At the beginning of every year the Company holds what is called our Mission, Vision, Values Retreat. The Team at Green Canopy has created an innovative approach to building and managing Culture that creates alignment throughout the Company. At this Retreat the Team re-calibrates to our purpose, Mission, and the direction that the Team is driving the Company, Vision. The remaining and majority of the Retreat is spent focusing on our foundation; qualifying our shared set of Values. The sum total of the Values equates to a culture of integrity and constant improvement.

Once the Team has reviewed, revised and renewed our Values for another year, we roll into the first of two annual Cultural Reviews. These Cultural Reviews allow the Team to review each other and reflect on how each member has upheld - or better yet, how they can improve - their practice of and commitment to the shared Values collectively defined at the Retreat. The Company’s approach to managing and measuring culture ensures Team buy-in.

After all, it has been said many times before, “Culture eats strategy for breakfast.”

But do the Values really matter in the day-to-day minutia of completing tasks and improving the bottom line? 

Productivity is more valuable than fit and the ends justify the means, right? In fact, Green Canopy may have agreed with these statements years ago. We, for many years, proudly labeled ourselves as a Results Oriented Work Environment, or ROWE, a methodology popularized by Daniel Pink, among others.  

While the benefits of being a ROWE are many and well-documented (and we agree!), we have come to understand being a ROWE is only half the equation. How those results are achieved is more important than the outcome. Why? We believe it is because of our focus on the prioritization of long-term goalsover short-term gains.

Since our Values define Green Canopy’s collective how, we prioritize Values Alignment during our hiring process and developed the basic quadrant diagram (below) for grouping our Team and new applicants.

The diagram includes two axes, Values Alignment and Abilities, each with positive and negative option, making four unique quadrants. The green-shaded row at the top shows the two quadrants Green Canopy prioritizes in our Team and new hires; with both including positive Values Alignment. We would rather work to improve the skills of a well-intentioned coworker with a shared set of values than a highly productive employee who is ambivalent to Green Canopy’s shared Values. More time, energy and resources are spent working with a highly skilled yet misaligned employee than developing an under-performing Teammate who strives toward self-improvement along the Values.

When looking at the Values vs. Abilities diagram, the obvious priority would be to only hire those who fit within the top right box. They are the ideal and perfect Teammates, right?

​However, in practice we recognize that the top right box is the area to strive toward and is generally an impossible space to permanently occupy. All of our Teammates have areas of their work in which they are masters of their craft 

Our aim is to live within the top row, and the goal is to continuously move toward mastery in all aspects of our jobs. That has us all in practice (1)  bouncing back and forth between Lacking Ability and Mastery within the row of Values Aligned as we learn new lessons in our life and in our work. Personal and professional growth and development require the understanding that we are all imperfect. However, the Green Canopy Team understands there is great potential for those who enjoy shared values.
 
(1) As a quick side note on work as Practice rather than a Performance, we highly recommend this HBR Ideacast (Ideacast #523) released May 5, 2016, with Robert Kegan and Lisa Lahey.

What impact could we have if we were all just a bunch of tree huggers united under a green canopy? Our logo is definitely symbolic of the work that we are doing to change the course of climate change - and certainly everyone knows that we have sang our share of kumbaya - but it's the fast, hard data that delivers our projects and helps us work toward improvement at Green Canopy.

Decision making and benchmarking frameworks are integral to Green Canopy’s operations. Our acquisitions team uses a data driven framework and metrics to identify and purchase attractive development properties. Our project managers use a framework for guiding construction related decisions from start to finish. The reporting outputs are used to inform and manage future acquisitions and projects.

These carefully crafted systems support us in driving toward consistent execution and continuous improvements. We learn from the successes and failures of our decisions by establishing baseline metrics and measuring and reporting against them. This ultimately makes Green Canopy a better homebuilder. And importantly, creates a stronger and more resilient company, reduces risk for our debt fund members and builds a more valuable brand for shareholders.

Investors face similar challenges, especially those pursuing positive social and environmental impacts alongside financial performance. Without a guiding framework, impact investors are left to untangle a confusing mix of information and options. An impact framework can be a transformative tool enabling investors to move beyond intuitive guesswork toward more systematic and objective decision making.  

We hope you will join us in attending an event, Impact Investing with Purpose, being hosted by The CAPROCK Group and SNW Asset Management on Tuesday, October 20th, 6 to 8 PM at Seattle Impact HUB. Green Canopy board member Kyle Mylius will moderate a panel exploring the evolution and use of impact investing frameworks and metrics. Panelist Luni Libes, a familiar face to many of you from Fledge and Pinchot University, will offer insights into The Pinchot Impact Index, the subject of Luni’s recently published book. The event will close with a preview of CAPROCK’s iPAR impact investment framework and evaluation platform.

Contributed by: Aaron Fairchild, CEO of Green Canopy, Inc.

I have often cited Daniel Goleman to explain a consumer’s desire to make an impact with his or her invested dollar. In Ecological Intelligence, Goleman explains that consumers will always buy what they perceive to be a less toxic or more environmentally friendly product given price parity with a competing product. While the consumer may not be buying the perceived “better” product to make a positive impact in the world, they are likely buying it because they view the product healthier or better for their family. 

This consumer behavior pattern offers a direct analogy for financial investors. It goes without saying that investors invest capital to generate a return. If an investor can invest in an opportunity that generates a similar risk-adjusted rate of return to competing investment opportunities yet the investment will also deliver outcomes that better align with their values, then the investor will likely choose to invest their capital in such a value-aligned opportunity. 

Enter Green Canopy. Our mission is transformational; our company was deliberately created with the mission to inspire resource efficiency in residential markets. We have two impact product offerings for consumers to buy.

Our primary impact product is our homes. We build homes that are more environmentally sustainable than what is required by city code and  have third party  audits  verifying our homes meet or exceed a local or national green building standard. In other words, a Green Canopy home is healthier for the planet, consumes less energy to operate (we guarantee that), and is simply a better home than the comparable code-built home. The kicker: we price our homes for sale on par with other homes on the market. We have to price our homes competitively with other homes because if we don’t, buyers would choose to acquire the less expensive yet comparably located and sized home. So buyers of our homes acquire a Green Canopy home at a competitive price that delivers outcomes that align with their needs and values. 

Our second impact product is our real estate fund offerings. We currently manage two debt funds that generate competitive returns for investors. If it were not for these funds, we would not have enough debt financing to build more environmentally sustainable homes at our current scale. Investors in these funds buy membership units that are designed to generate competitive rates of return and deliver outcomes that align with their values. 

I believe the United States has entered a relatively new era where the general market is looking for values-aligned solutions. I witness this daily in both of our product offerings. However, most consumers and investors remain price sensitive and will continue to be so. This is where many people believe the government and foundations can play a role. However, I don’t believe it is incumbent on the government or others to subsidize product offerings, or for that matter the market to simply accept the market-price mismatch. 

Entrepreneurs innovate. The role of being an entrepreneur is to figure out how to bring new product to market in such a way that the market is willing to pay for it. Government incentives and infrastructure are helpful catalysts and support structures for market change. But the role of efficiently bringing new product to market is ultimately the role of entre- and intra-preneurs. 

Additionally, foundations, the government and other mission-driven sources of capital can aid in providing lower cost of capital to kick-start product offerings and help stimulate demand (think of the Bullitt Center or the ZHome development). However, values alignment should not be seen as an impediment to bringing socially and environmentally impactful product offerings to market—it should be used as a competitive advantage. Sound business people focused on values-based product offerings will continue to innovate within the cost/price constraints of the market and ultimately bring more and more highly sought after product to meet consumer demand. Impact alignment and the balance between supply and demand are really just a matter of time and innovation.

Contributed by Sam Lai

"It was great sitting next to you in English.  Stay cool over the summer and don't ever change!  xoxoxo"  

Every year, there is a common concern that is voiced by our team members when begin our Mission, Vision, Values review process. If we love our company culture...why would we ever consider changing our values. They are, after all, at the core of how we treat each other.  

"I love working at Green Canopy and I hope we never change!"  

However, when I consider what it means to grow-up, I'm reminded of how thankful my wife is that I've changed since she met me. Angie and I were barely past puberty when we met at the University of Washington. At that time, one of my greatest talents was a smile and my signature wink.  Seriously. The wink was the single greatest strength in my arsenal of babe-wooing skills.  For some reason, the wink doesn't do much for Angie now when I come home to our family of 5. Fortunately, I've grown up just a little bit I've added dish washing to my tool belt. We haven't lost that loving feeling, but we've certainly grown up.  

As for Green Canopy, we've grown up as a company too. We will remain focused on our mission to inspire resource efficiency. And many core values remain the same such as "authentic communication" and being "solutions focused." But how have we grown and changed? Below are some of the ways that are values are evolving at Green Canopy. In our MVV: Part 3 we will look at our final list of Values as well as how we have incorporated our shared values into our employee review process.

What's Changing?

1. "If it ain't broken, break it!"  
We started our company with a commitment to Innovation - While most builders exist only to make profit. Green Canopy exists to fulfill our mission...our profit allows us to continue our mission work.  
We started using the EPS score developed in Portland to baseline our projects' annual modeled energy consumption before most people ever heard of an energy audit. Oops.  I forgot, most people still don't know what it is!  Innovation is already at the core of who we are and we won't forget it. Today we have shifted our focus away from innovation toward "Professional Mastery."  The focus on systems and processes we've developed and continue to improve will allow us to build many more inspirational homes efficiently in multiple market areas...sounds innovative right?  

2. "Live-Work-Balance" 
In the past, this mantra was used to describe how we value each other beyond work.  However, the words seemed to set our personal life at odds against our work. Most of us see our personal purpose lived out in the work that we get to do here at Green Canopy. The new verbiage will sound more like "Fostering Community at Work."  

3. "Autonomy" 
This value came from Daniel Pink and his exploration of Autonomy, Mastery & Purpose being a prime motivation for individuals to excel in their work. You can watch the TED talk here.

Autonomy is at the core of the most driven teams, and since this cultural orientation is pretty well set at Green Canopy – we are shifting our attention to the next level, Accountability! This takes into account how our individual work connects to the greater team.

In the grand scheme, an outsider will not notice too much of a change in the way we treat each other here at Green Canopy. Many of the atypical values you'd never expect to see at a construction company will remain intact. We will continue to stay lighthearted and have fun. We will continue to talk about our feelings. And good god yes, we value vulnerability!  At the core of it, these values help us to communicate well, excel and to learn and grow quickly.  We know we have a mission to accomplish and we have to grow past our comfort zone to do it.  

Some days, I still wish that a simple wink is enough to be the hero. But my family is certainly better off with the fact that I've learned how to wash the dishes really, really, really well.

Contributed by: Krystal Meiners, Director of Marketing

I recently read an article from FastCo entitled “Why Are Construction Workers the Happiest Employees?”It was such a catchy headline – 1. Because I truly feel that I work with some of the happiest, most positive people at Green Canopy and 2. Because the article was literally published hours after our annual Mission-Vision-Values (MVV) workshop.

The article goes on to explain many of the reasons that construction employees are particularly happy in their jobs – the number one reason is that they feel supported by their team. The article couldn’t be more right. And our recent workshop revealed much of the same.

This workshop is one of my highlights of the year - it is always an experience that gets our team teary-eyed about the culture that we share and the support that we have for one another (OK, maybe I’m the only one that got teary-eyed BUT I know people were excited to share and inspired to continue building a great company). It is also a time where we define or vision and goals for the year.

While some would cringe at this type of corporate, stick-in-the-mud, trust fall, team building event – we have yet to have that experience during MVV. Probably because it is less of a team-building event and more of a realignment of the company - a chance for everyone to speak to the values that we foster as a team.

Each year we discuss and develop a set of values that enable us to work better, smarter and with more impact as we grow and change as an organization. It’s like group counseling for a group that already works well together. Our “counselor” is Neil; a lithe corporate culture connoisseur with a big brain and a dirty mouth. He leads our process and lends great perspective. He keeps us from getting hung up, and keeps the mic moving (further and further away from our CEO). Got to hand it to Neal – he knows what he is doing – and keeps people talking during a variety of group breakouts, Q&A and team sharing.

In part 2 and 3 of this blog series, we will explore the Core Values, Aspirational Values and work mantras that were developed by the team and that are currently being synthesized into a consumable format.

For now – I was hoping to share the thoughts of some of our team members on the process and what they got out of the shared experience. For many – it was their first MVV, which is particularly impactful to us as a company. Their first impressions and insight into the framework that keeps our corporate culture from stagnating is quick to reveal whether our values are perceived as lip service or not.

Here is what some of our team members had to say:

• Dean Gorby; Project Manager and MVV Virgin:
  

• I felt humbled after the workshop Friday, so many talented people devoted to such a worthy cause – the fact that the leadership put so much effort into sharing their vison with us and allow us to become part of it through participation, only makes me more committed to contribute to the success of GCH. I hope I can be a part of its future.

• Canuche Terranella; COO & MVV Veteran:

• I love hearing the perspective of the guys I don’t work with every day. I love hearing about what Accountability means to Oscar, what Autonomy means to Larry, what happens when you take an idea from sales and you interpret it from the perspective of the site super.  It’s a great moment of sharing perspectives and re-calibration to what we’re working on.

• Eric Thomassian; Project Engineer and MVV Virgin:
  

• I think it’s an important workshop to have because we have so many people from different backgrounds who have different values and reasons for being here at Green Canopy. As a mission driven company, it’s important for me to have the opportunity to lay out our values and mission for the coming year. It aligns and connects us together as one company towards similar goals. We know better what we can expect from each other and what we to be held accountable for as a Green Canopy employee.

• Ami Nieto; Office Manager, Portland Lead and MVV Veteran:
  

• The annual MVV retreat is a fulfilling and motivating experience for me as an employee at Green Canopy. For me, this year’s retreat was a reflection of the recent changes within the Company and a reminder to focus on the importance of our core values. I would appreciate an all-day retreat so that we would have time to talk more about our vision and mission. There is so much more we could talk about as a group that would provide value to the culture we experience each day at Green Canopy.  It would also enable us to synthesize the values as a team and come up with the “new name” for those values that are being changed. It feels like we are losing a bit of the group voice by having the Leadership Team take it to another room/place/time to decide on those values among themselves.

Every year, our CEO has shown the same video during our Mission Vision Values retreat. The video depicts a funny, groovy dancer in a field doing his own thing. Soon he has a crowd around him and everybody is having a good time dancing and grooving and loving the music. For the last few years – Green Canopy has managed to attract a number of talented individuals who are excited to join in the dance and enjoy the music. This year – Aaron challenged us. He stopped the music and said “Dancing together in a field is fun but what if this were a flash mob?”

He challenged us all to hone in, focus and master what we do at the company so that when we all dance together it is choreographed and succinct- intentional yet impactful. At the core, we are all dedicated and passionate people – but becoming masters of our work, masters of our budgets, and masters of this business is what is going to take us from passion to profits – from dancing in a field alone, together – to dancing together in support of one another.

Sure the article mentions that construction workers are happy because the industry is on the rise which leads to job security, etc. but that can be said about a lot of industries. The reason why Green Canopy employees are so happy – is because we are a team – with shared values that allow us to dance together.

Contributed by Krystal Meiners

Good conversations are typically born in the company of good people. 

That was the driving thought when we created the Empower Happy Hour at the beginning of 2014. We wanted to have good, meaningful conversations with people outside of our own organization (because frankly we were all preaching to the choir internally and were probably consuming too much booze just to keep things interesting). What we didn’t want, however, was to host a formal event, or a networking opportunity. We wanted to have real conversations with interesting people, so the Empower Happy Hour was born.

The format of these events have always been the same… low key, in a bar, no nametags, no soapboxes, no formally led discussions – just a topic to unite us, an amazing sponsor and an impactful non-profit. Each event has been unique – but the most recent one in Ballard was especially inspiring and a great indicator for successful future events. We are truly thankful for the opportunity to have hosted with Sustainable Ballard and we were especially grateful to our sponsor Redfin Builder Services.

While this event was a bit different from our other Happy Hours - there were a couple of key ingredients that helped mold it into something very special and eye-opening.

1. An AMAZING question. 
Our non-profit cohost has always provided a topic of discussion for our happy hours – and Sustainable Ballard really hit it home with their topic.

a. Does Density = Sustainability?
b. Does Sustainability = Density? 

This two-parter really has a huge impact in Seattle right now and is on the tips of everyone’s tongues. Despite the "breathing room only" crowd – the quality of conversation was fascinating. Not everyone chooses to talk about the topic during our happy hours but this really captured the attention of many including Councilman Mike O’Brien who was discussing Ballard’s new apodments – considered both a scourge and blue-sky solution to housing in Seattle.

The rest of the conversations spanned walkability (a fun topic in light of Redfin’s recent acquisition of Walkscore) – as well as Ballard’s most recent developments and the addition of quality locations to eat, shop and sip. The idea of a “carless lifestyle” as the new definition of luxury was a spirited thought when considering the changing mindset toward livability in times of climate change and a return to urban living.

Not all of the conversations were light-hearted. Serious attention to community wants and needs and the impact of more density on transportation was a common topic; as was the builder-bad-guy issue with neighbors. Not everyone loves the way development looks, feels and changes a neighborhood – so thoughts on working with community were abundant. In particular - discussions around Green Canopy's new Neighborhood Design Survey and community meeting approach were inspiring to neighbors that had visited the event.

2.  Another key ingredient to the success of this specific happy hour was the LOCATION. 
We went against our own rules and decided to host the event in a small event space – but to keep it lively, we started off with drinks at the nearby Skillet – and then moved indoors. While it may have been difficult to corral folks - no one was lost and the “bar-hopping” effect made the event feel less stiff. 

Aside from just the venue – the fact that the event was held in Ballard – a community common to our hosts, co-hosts, sponsors and mired in the topic at hand – made it easier to talk about density relative to where we were all feeling excitement and pain. The Greenfire Campus was a perfectly inspirational space with only enough room to kiss or kill whoever you were speaking to. Skillet made for the perfect pre-funk, and Parfait made for the perfect after-hour snack.

We were very excited to host this event with Sustainable Ballard and Redfin. The event lasted well past our 6:30 cutoff and folks lingered having friendly discussions. While there was no Bocce, like our previous event at Von Trapps, and there was no policy big-wigs like our event with Climate Solutions – it was intimate, refreshing and exactly what we could have hoped for.

We definitely look forward to hosting many more Empower Happy Hour’s, and aim to keep them simple, sexy, and substantial. We hope you will join us the next one to help ADVANCE THE DISCUSSION.

The Empower Happy Hour is a quarterly event hosted by Green Canopy Homes. If you are interested in sponsoring the event or if you belong to a non-profit that is interested in co-hosting, please contact krystal@greencanopy.com . If you are interested in joining the event – please sign up for our Newsletter to receive updates on event dates and venues.

"The more alive values are within a group the stronger the bond and the greater the resiliency of that group. It’s about so much more than happy hour beers."

Contributed by Aaron Fairchild, CEO of Green Canopy Inc.

Have you ever heard ANYONE say after coming back from Europe, “I had a great trip, but I just hope those Brits/Germans/French don’t lose their culture?” The very notion of a nation losing its culture seems silly. Sure cultures change, but they change over time. National cultural changes happen slowly and change is usually driven by a shock to the current way of life. 

For whatever reason, corporate culture doesn’t seem as “fixed” as national culture. Nations lose their leadership, have lots of turnover and people come and go all the time. And nations are influenced by other nations in ways that it is hard to imagine might happen in companies. So what makes company culture more susceptible to change? 

Fast Starts and System Shocks

I recently spoke with David Norris, CEO of MD Insider. We both agreed that companies tend to start-up rather quickly. People come together in the beginning more out of chemistry and shared excitement about the opportunity surrounding the product or idea. More often than not, they share a common national cultural framework so they already have a great basis to begin working together. They also have a shared language, and typically share the same historical perspective, political and economic frameworks (socialist, democratic, capitalist, parliamentarian), etc. Layer chemistry on top of a similar national cultural framework, and that can take the newly formed company down the road a fair bit.

The breakdown typically comes, just like with a nation, with a shock to the system. For a company this could mean jumping from four employees to twenty in less than one year, and then from twenty to forty in another six months.  When countries are merged together for one reason or another, we often watch as the individual cultures tear them back apart... Infighting can happen as larger and more powerful countries begin to dictate terms. Just bringing a similar currency to Europe has been challenging since adoption of the Euro. In the same way, with companies experiencing rapid growth, bigger personalities typically dictate cultural norms, and when those personalities move, for good or bad, so goes the cultural dictator.

Core Values As Cultural Seeds

To help ensure your corporate culture isn’t encapsulated and controlled in one or two, or even just a few key personalities, consider what is at its core. Culture can be defined as the shared values, language, beliefs, and customs of a group. At the heart of culture is how we interact and behave together. At the heart of culture is how we interact together and behave together… David referred to our shared set of core values as the seeds of culture. As the seeds of culture take root in your workplace, your teams will thrive and productivity will increase. 

If a group of people has a shared set of values, they can be pointed toward any mission or vision, and as long as they buy into the mission and vision, they will excel.  Core values incorporate our language, what we celebrate, how we develop, our rights of passage, and how we interact. For a country, these things may seem obvious. For companies, it seems less than obvious for many leaders.  In fact, I’ve heard more about the importance of the boss taking people out for beer as a means to “create culture”, than working on our values to create culture. Hmmm.

Whether a company’s values are implicit or explicit, they exist. The more explicit the shared sets of values, the more that group of people “live” their values. The more alive values are within a group the stronger the bond and the greater the resiliency of that group. It’s about so much more than happy hour beers.

Every Day Values

Companies often explicitly state their values on their websites and in promotional material, creating a veneer of credibility and sincerity. One of the most infamous examples of this is Enron’s four capital V Values: Respect, Integrity, Communication and Excellence. Clearly this broke down long before the company failed. So if our values are the seeds of culture then nurturing and cultivating these values throughout every day will help to keep them alive and healthy, rather than stale and static on a corporate website.

For a traveler, there’s a difference between that sense of “Love this place, but wouldn’t want to live here” and “I would love to live here!” It’s the same in companies. Living your corporate values and keeping them alive and healthy within the company means the right people will find they’d “love to work here”, and the “wrong” people will move along. A company whose employees work to keep their shared values alive within the organization will allow the company culture and the team to thrive through down times and times of change and growth.

 “... Some homes are worth saving. Some aren't.”
-Bradly Gunn, The Seattle Demo Project 

Contributed by Caitlin Hoeberlein, Project Engineer for Spec Construction

At Green Canopy, we are committed to resource efficiency. For us, this goes beyond installing solar panels and thicker insulation. When the structure of an existing home is unsalvageable, we are in a rare position to be able to decide how to dismantle the home, and how those resources are re-used and re-purposed. This means that we have the ability to save the embodied energy of the existing structure--talk about resource efficiency! 

We aren’t the only ones who are inspired by deconstruction. Bradly Gunn is a local Seattle painter and architect who started the Seattle Demo Project, an art and architectural program documenting and memorialising soon-to-be demolished homes in Seattle. According to Gunn, “the Seattle Demo Project is focused on bringing light to a relatively misunderstood or ignored facet of Seattle’s urban condition. We want to activate soon-to-be-demolished structures and provide an opportunity to learn, explore, and engage the community one last time before they are gone.” 

As a builder, we hear a lot of criticism against development. Gunn claims he was in the “anti-development camp” just a few years ago. He wanted to keep his neighborhood the way it was, but soon realized that “some homes are worth saving. Some aren’t.” When he found out that more than one home per day was being torn down in Seattle, he realized that his art could shed light on this staggering statistic by converting these homes, a formerly untapped resource, into an artistic and educational opportunity. “Houses are an art medium of a very different scale, that only a handful of artists have gotten to play with,” he says. As a medium, there’s a lot of potential and many stories to uncover. 

Unlike our team here at Green Canopy, Gunn didn’t come to deconstruction from a sustainability standpoint. He was not interested in the repurpose value of the materials, but rather the value that documenting these projects could have for communities, architects and students. He envisioned transforming these run-down homes into a touchpoint for neighbors to learn about architecture and development in an open and engaging way, by abstracting it. “When it’s not the house or the walls, it becomes another story,” says Gunn. He sees his work as an avenue for architects to reexamine failed systems, and for students to gain firsthand experience in the field. He likens student involvement in his project to doctors studying cadavers--documenting the deterioration of a house provides invaluable lessons for those designing new homes.  

When the structure of the existing home is unsalvageable, Green Canopy is committing to deconstructing instead demolishing whenever possible, saving as much embodied energy as we can. We are happy to support Gunn in his artistic and educational quest. Gunn is currently documenting two of our deconstruction projects in Ballard and West Seattle: Gertrude and Aura. We are deconstructing these homes by hand, and will reuse and recycle 100% of what we dismantle. Together, we can build a new, sustainable future by learning from and respecting the past.  

You can learn more about the Seattle Demo Project here, and about Green Canopy RePurpose by contacting Justin Hooks. Green Canopy is soon to offer our Green Canopy RePurpose services to other builders. Stay tuned! 

To hear more about our reuse and the deconstruction process, join us for this year’s Green Genius Awards and the Built Green Conference on September 18th. Justin Hooks will be a session speaker and Green Canopy is the Reception Sponsor. Click here for more info about the conference.