Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Decreased energy consumption by 3.8%
• Decreased water consumption by 3.9%
• Achieved 81% waste diversion rate
• Achieved LEED® Platinum certification for all six towers

Social Achievements

• Launched Health and Wellness 101 Occupant Engagement campaign focusing on employee well-being
• Increased community investment through participation in events like the Real Estate Climb for United Way
• Invested $25,000 in tuition reimbursement for employees and employees completed over 1100 training hours

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Overall waste production increased by 300 metric tonnes in 2015

Mitigation Strategies

• Reducing waste output is a growing focus for 2016

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: LEED, Cadillac Fairview Green At Work®

Certifications: LEED EB:O&M Platinum, BOMA BEST Platinum (3 buildings), Gold (3 buildings)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Innovation in LEED Commercial Interiors Award (with TD Bank)
• Race to Reduce Building Performance Awards (TD North Tower, TD Bank Tower, 95 Wellington Street West)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced water consumption by 80 million litres
• Reduced waste produced by 7% (450,000 kilograms)
• Reduced carbon emissions by 5,700 tonnes
• 11% renewable energy share of portfolio

Social Achievements

• Increased tenant participation in waste reduction program at Coquitlam Centre (from 40 in 2008 to 158 in 2015), increasing waste diversion from 30% to 56% and decreasing total waste volume by 33%
• Developed pedestrian-friendly, transit-oriented Spectrum Square in Mississauga, influencing city transit planning
• Developed Marine Gateway in Vancouver with sustainable transportation options and community spaces
• LEAP Awards and Conference brought together over 100 representatives from management companies to discuss sustainability

Governance Achievements

• Achieved third consecutive GRESB Green Star, ranking second out of nine in peer group; improved GRESB score by 9%
• Won IPE Real Estate Sustainable Strategy Award
• Two awards from Canada’s Clean50 for advancing sustainability

Climate Goals & Targets

Environmental Challenges

• Challenges in improving property sustainability performance due to outsourcing asset, property, and development management to partners and lack of natural collaboration among partner companies
• Acquisition of an office property portfolio in 2015 that lacked advanced sustainability policies compared to the rest of the portfolio

Mitigation Strategies

• Enabling collaboration between management partners through initiatives like the Industrial Excellence Group and LEAP Awards
• Working to embed HOOPP’s sustainability program at newly acquired properties

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable procurement policy implemented at 71% of properties

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRESB

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• IPE Real Estate Award for Sustainable Strategy
• Two Canada’s Clean50 awards

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by EkWh – the same as the annual energy use of 45 million Canadian homes
• Reduced carbon footprint by 7.5%
• Diverted more than 12% of waste from landfills
• Generated or purchased renewable energy

Social Achievements

• Engaged more than half of our tenants on energy conservation
• LEAP conference and awards recognized with NAIOP REX Green Award of the Year

Governance Achievements

• Increased performance on each of the seven GRESB benchmark aspects

Climate Goals & Targets

Environmental Challenges

• Fewer tenant surveys conducted in 2016
• Smaller percentage of active developments targeted LEED® Gold or equivalent certification in 2016

Mitigation Strategies

• Increase engagement with managers to drive improvements in their sustainability policies, procedures and environmental performance as we roll out our new sustainability policy in 2017

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable procurement policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRESB

Certifications: LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Co-generation technology

Awards & Recognition

• NAIOP REX Green Award of the Year
• Clean50 Top15 Project Award
• Urban Development Institute 2016 Award of Excellence – Mixed Use and Best in Show for Marine Gateway (Vancouver, BC)
• BOMA Toronto Earth Award – 25 York Street (Toronto, ON)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Avoided 996 kgCO2e of emissions
• Diverted 468 lbs of organic waste
• Achieved 78% waste diversion in FY2020 and FY2019

Social Achievements

• Contributed $24,320 and 74 volunteer hours to the community
• 100% employee-owned, 50% female, 50% male employee shareholders, 60% women in leadership roles

Governance Achievements

• Not disclosed

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: Null

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

• Equity, Diversity, and Inclusion (EDI)

Social Achievements

• Implemented controls and training to reduce unconscious bias in hiring practices
• Identified channels to attract diverse candidates and encourage access for equity-seeking groups in recruitment
• Considered team diversity in hiring decisions
• Offered equal access to use of Conference and Training Policy, internal training and mentoring
• Provided standardized annual performance evaluations that integrate adherence to the EDI Policy
• Tracked and reported back on pay equity
• Surveyed the team annually to solicit self-reported diversity statistics and assess perspectives
• Introduced a safe and confidential way to voice concerns relating to EDI, harassment or other company practices
• Developed best practices around inclusive/empowering meeting facilitation
• Established an EDI Committee and allocated resources to advance initiatives
• Provided opportunities for all team members to contribute to EDI initiatives and support employee-led initiatives
• Provided external training to raise awareness on key EDI topics
• Integrated EDI into all strategy frameworks developed for clients
• Recommended EDI best practices and referred EDI experts and resources to clients
• Assessed suppliers’ EDI-related policies and practices as a consideration in major procurement decisions
• Tracked spend on goods and services procured from small businesses and businesses owned by members of equity-seeking groups
• Shared the EDI policy with partners
• Provided paid volunteer time to all employees, including EDI-focused organizations
• Formalized an approach to employee donation matching
• Established and maintained a list of EDI organizations
• Developed a position statement that outlines perspectives on EDI and encourages best practices for representation

Climate Goals & Targets

Environmental Challenges

• Conscious and unconscious biases in recruitment, interview and hiring decision processes
• Lack of diversity across the company
• Unequal access to professional development, resources and opportunities
• Lack of inclusivity and respect for everyone’s perspectives
• Lack of awareness of EDI issues and best practices

Mitigation Strategies

• Implemented actions 1-13 under Workplace, Client Work, Partners + Suppliers, and Community + Industry focus areas

Supply Chain Management

Responsible Procurement

• Assessing suppliers’ EDI-related policies and practices

Climate-Related Risks & Opportunities