Climate Change Data

Environmental Metrics

ESG Focus Areas

• Business Resilience
• Community Impact
• Environmental Impact

Environmental Achievements

• Maintained construction waste diversion rate above 80%
• Decreased portfolio energy intensity
• Decreased portfolio carbon intensity
• Achieved 2% water savings and 15% energy savings in domestic hot water through a pilot project with Evolve showerheads.

Social Achievements

• Launched LifeSpeak, a digital platform providing employee well-being resources
• Improved employee engagement scores, exceeding 60% of participating businesses in the Gallup Q12 survey
• Reduced voluntary attrition rate below the long-term target of 10%
• Developed a multi-faceted program to improve diversity and inclusion practices
• Donated over $890k to communities

Governance Achievements

• Established comprehensive governance structures since 2008
• Maintained a Standard of Conduct policy since 2010
• Board of Directors with 56% independent directors and 22% female directors
• CEO compensation linked to long-term performance objectives
• Implemented succession planning processes

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations and employee health
• Landfill capacity issues and shrinking market for low-quality recyclables
• Increased water intensity due to residents spending more time at home
• Achieving net-zero carbon emissions requiring significant retrofits

Mitigation Strategies

• Implemented remote work arrangements and safety protocols
• Provided support for employees unable to work
• Engaged with designers, suppliers, and staff to improve material efficiency and waste management
• Implemented boiler replacement projects and optimized residential operations
• Engaged RDH Building Science to develop a roadmap for deep retrofits of existing buildings

Supply Chain Management

Responsible Procurement

• Engaging with trade partners to minimize waste

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB, Canada Green Building Council’s Disclosure Challenge

Certifications: LEED, ENERGY STAR, HERS, EnerGuide

Sustainable Products & Innovation

• Evolve showerhead system

Awards & Recognition

• EnerQuality Awards - Building Innovation
• Certified Rental Building Program Award of Excellence
• CHBA National Awards - Net Zero Home Award
• DRHBA Awards Green Builder of the Year
• FRPO MAC Awards Environmental Excellence

Environmental Metrics

ESG Focus Areas

• Green building
• Community building
• Quality living
• Responsible investing
• Employee well-being
• Health & Safety
• Construction waste reduction
• Energy and water efficiency
• Carbon emissions reduction

Environmental Achievements

• Construction waste diversion through recycling and reuse (quantified data not provided)
• Reduction in energy and water consumption in investment properties (quantified data not provided but based on 2019 baseline)

Social Achievements

• Strengthening employee engagement and experiences (based on Gallup Q12 survey)
• Bravo! recognition program to improve employee engagement (data on awards per employee provided)

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Data limitations for Minto Communities USA waste diversion
• Data limitations for previous years' consumption in investment properties
• Inconsistent waste management service levels across different locations

Mitigation Strategies

• Estimation of previous years' consumption based on available data
• Inclusion of newly constructed buildings after a full year of data availability
• Adjustments to published emission factors to ensure comparable data year-over-year

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: EnerGuide Ontario, ENERGY STAR© for New Homes, HERS© (Home Energy Rating System), LEED© for New Construction

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 Impact
• Community Impact
• Business Resilience

Environmental Achievements

• Reduced rental portfolio energy intensity by 11% compared to 2019 baseline
• Reduced carbon emissions by 15% compared to 2019 baseline
• Achieved 78.3% waste diversion rate for construction in 2022

Social Achievements

• Increased employee engagement scores
• Increased retention rate of key talent to 94.8%
• Raised $214,000 for charity in 2022
• Minto one80five and REIT head office achieved Fitwel certification

Governance Achievements

• Achieved a GRESB score of 80 and a 3-star rating
• Ranked first out of 10 in Canada comparison group in GRESB Public Disclosure evaluation
• 50% of key employee members are female

Climate Goals & Targets

Environmental Challenges

• Increased water consumption due to changes in resident consumption patterns and remote work
• Challenges in accurately measuring waste diversion due to data limitations

Mitigation Strategies

• Investing in toilet renewal projects, toilet sensor technologies, and Evolve™ showerheads to reduce water consumption
• Exploring options to improve data access for waste diversion, such as switching to private haulers and implementing independent tracking systems

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• ESG requirements defined in supplier and consultant bids, evaluations, and assessments

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding

Transition Risks

• Evolving regulation and legislation
• Impacts on regional infrastructure
• Impacts on tenant demand and expectations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Real Estate Sustainability Accounting Standard

Certifications: LEED, Fitwel

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• GRESB 3-star rating

Environmental Metrics

ESG Focus Areas

• Governance
• Community Impact
• Environmental Responsibility

Environmental Achievements

• Reduced rental property energy consumption by 14% since 2019
• Reduced rental property carbon emissions by 14% since 2019
• New homes across Canada exceed municipal building code efficiency requirements by 14.5%
• 79.6% of construction waste diverted from landfill in 2023 (2.2% improvement since 2022)

Social Achievements

• Employee engagement scores hit a new high with a 4.29 mean out of 5
• Launched Mentorship @ Minto program with 70 mentors and 55 mentees in the first month
• Second annual DEI Survey scored 76%, 10% above industry average
• Raised $1.5M for communities through 11 years of employee giving
• Voluntary attrition rate dropped to 12.9% in 2023 from 14.4% in 2022

Governance Achievements

• Recognized as one of Canada's Best Managed Companies in 2024 for excellence in sustainability, governance, and employee experience
• 56% of board members are independent
• Launched ESG e-learning course for all staff

Climate Goals & Targets

Environmental Challenges

• Construction waste and recycling industry challenges (shrinking market for low-quality recyclables, reduced ability of waste haulers to divert materials from landfill)
• Lower airtightness performance in Rear Lane Townhomes due to new communities, teams, and materials
• Increased water use across properties in 2023 due to changed water use behavior during the pandemic and less summer rainfall

Mitigation Strategies

• Addressing lower airtightness performance in Rear Lane Townhomes
• Using AeroBarrier air-sealing technology
• Expanding resident engagement program to provide more information on reducing water consumption
• Renewing toilet components, piloting toilet sensor technologies, expanding rollout of Evolve™ showerheads

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: HERS®, EnerGuide, ENERGY STAR® for New Homes, LEED®, Fitwel™, WELL™

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• High-performance buildings exceeding energy efficiency standards, use of AeroBarrier air-sealing technology

Awards & Recognition

• Canada's Best Managed Companies (2024)