Freehold Royalties Ltd.
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Achieved net zero emissions on Scope 1 and Scope 2 emissions in 2021 through carbon credit purchases.
Social Achievements
- Launched employee well-being program with virtual team building events, outdoor volunteer opportunities, and town hall meetings, resulting in a 30% increase in employee engagement score.
- Donated approximately $100,000 and employee volunteer hours to support community organizations.
Governance Achievements
- Appointed Maureen Howe to the Board, adding finance and capital market expertise.
- Implemented an annual Say on Pay Advisory Vote.
- Adopted a majority voting policy for directors.
- Continued to advance ESG initiatives with a second ESG report set for publication in mid-2022.
Climate Goals & Targets
Environmental Challenges
- Pandemic and price volatility challenges.
- COVID-19 pandemic impacting office operations and employee well-being.
Mitigation Strategies
- Staff worked remotely, protocols in place to ensure effective business functions.
- Adopted a pilot work program allowing most staff to work from home up to two days per week.
- Continued to monitor and improve environmental footprint through carbon credit purchases and lease reclamation activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Scope 1 and Scope 2 emissions offset with carbon credits
- Net Zero
Social Achievements
- 48% Increase in community investment budget from 2021 to 2023
- ~4x Of executives are internal promotions; emphasis on personal development
Governance Achievements
- 50% Board gender diversity & added 2 US based directors
- 33% CEO pay at risk with a portion of compensation tied to ESG performance
- 78% Of board members are independent