Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity, and Inclusion (DEI)
• Health and Well-being
• Corporate Social Responsibility

Environmental Achievements

• 7% reduction in energy use and 20% drop in GHG emissions compared to 2022.
• 26% reduction in energy consumption and up to 90% reduction in GHG emissions at 2020 Robert-Bourassa building in 18 months.

Social Achievements

• Toronto office earned WELL Equity certification.
• Launched Okkto program to enhance employee experience.
• $2.4 million raised in 2023 for cancer research through Défi Canderel.
• Various DEI initiatives including newsletters, partnerships with CCDI, and Pride Month celebrations.

Governance Achievements

• Implemented robust internal control system reviewed by auditors under SOC engagement utilizing CSAE 3416 standards.
• Established Code of Ethics and Conduct.
• Company-wide town halls for transparency and communication.

Climate Goals & Targets

Environmental Challenges

• Climate risks such as extreme weather events impacting real estate assets.
• Evolving regulations and market expectations related to ESG.

Mitigation Strategies

• Climate risk assessments for all properties.
• Adaptive strategies to improve durability and energy efficiency.
• Road to Net-Zero (RNZ) initiative to guide clients on decarbonization.
• Integration of ESG considerations into investment analysis using tools like CRREM.

Supply Chain Management

Responsible Procurement

• Use of eco-friendly cleaning products.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding

Transition Risks

• Evolving carbon regulations
• Market demand for sustainable buildings

Opportunities

• Energy efficiency improvements
• Development of sustainable buildings

Reporting Standards

Frameworks Used: TCFD

Certifications: LEED, Fitwel, WELL Health and Safety Rating, Rick Hansen Foundation Accessibility Certification, Zero Carbon Building Standard, WELL Equity

Sustainable Products & Innovation

• Road to Net-Zero (RNZ) solution
• Okkto program