Climate Change Data

Environmental Metrics

ESG Focus Areas

• Women Representation
• Environmental Initiatives
• Sustainability

Environmental Achievements

• 29 properties (40% of portfolio) BOMA BEST and LEED certified
• Urban beekeeping initiative
• Print relief & FSC recycling partnership
• Partnership with MicroHabitat

Social Achievements

• Partnership with social reintegration organization for parking lot cleanup
• Tree planting event with Grame

Governance Achievements

• 7% of Executive bonuses tied to development of a structured sustainability program

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: BOMA BEST, LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance Practices

Environmental Achievements

• Execution of climate risk assessment
• Progress towards collecting energy usage data in properties
• Implementation of energy-efficient technologies across portfolio
• Introduction of sustainable building materials and practices
• Installation and maintenance of 14 rooftop beehives
• (Re)certification of off-downtown core office and necessity-based retail properties with BOMA BEST and LEED

Social Achievements

• Establishment of an Employee Recognition program
• Participation in community engagement through diverse contributions to local charities and community development initiatives
• Enhancement of the relationship with clients through the completion of satisfaction surveys
• Prioritization of diversity, equity and inclusion into our workforce

Governance Achievements

• Strengthened commitment to ESG at the highest level with the involvement of the Board of Trustees
• Robust risk management strategies and ethical business practices to ensure accountability and transparency

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Introduction of sustainable building materials and practices

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: BOMA BEST, LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance

Social Achievements

• Published a Personal Information Protection Policy in July 2023.
• Implemented a Diversity, Equity and Inclusion Policy.
• Maintained a Code of Ethics with an updated whistleblower policy.
• Established a Workplace Violence and Harassment Policy.
• Updated IT and Cybersecurity Policies in May 2022.

Governance Achievements

• Improved transparency of results and expenses.
• Plans to establish a company-wide ESG committee in 2024.

Climate Goals & Targets

Environmental Challenges

• Economic uncertainties and market challenges.
• Slight dip in off-downtown core office occupancy (mitigated by new leases after quarter end).
• Increase in the Bank of Canada policy interest rate creating uncertainty on the economy (mitigated by monitoring effects on investment activities and valuation).

Mitigation Strategies

• Diversified asset base and strategic decisions.
• Commitment to risk management.
• Increased leasing efforts, particularly in Quebec City.
• Monitoring the effects of interest rate increases on investment activities and property valuation.

Supply Chain Management

Responsible Procurement

• Procurement Policy

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability

Social Achievements

• Ongoing construction of a 45,870 square-foot store in Lévis, Quebec, fully leased to Winners/HomeSense on a long-term basis (BTB's first ground-up initiative).

Climate Goals & Targets

Environmental Challenges

• Slight decline in occupancy due to the bankruptcy of one industrial tenant (Nuera Air, 132,665 sq ft in Laval, Quebec), and another in Quebec City (Énergie Cardio).

Mitigation Strategies

• Actively marketing the vacated space to increase revenue.
• Retained services of a national commercial brokerage firm specialized in the industrial segment to lease the Nuera Air property.
• Construction of new retail space in Lévis, Quebec, leased to Winners/HomeSense.

Supply Chain Management

Climate-Related Risks & Opportunities