CAPREIT announces Release of 2024 ESG Report
PRESS RELEASE
For Immediate Release
CAPREIT announces Release of 2024 ESG Report
TORONTO, May 30, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) is pleased to announce the release of its sixth annual Environmental, Social, and Governance (“ESG”) Report, providing an overview of its ESG strategies, policies, and commitments, and outlining the progress made in 2024.
Highlights from CAPREIT’s 2024 ESG Report include:
- Engaged employees, senior management and the Board of Trustees in an ESG double materiality assessment to further refine our understanding of climate-related risks and opportunities;
- Ranked first among real estate and housing companies in Newsweek and Statista’s list of the World’s Most Trustworthy Companies;
- Sold five properties to non-profit organizations who can preserve affordability for existing residents;
- Launched a new three-year strategy to build resilience, alignment and engagement within our workforce;
- Donated approximately $280,000 to Canadian charities across our various community engagement programs;
- Invested $15 million in energy-saving, resiliency and decarbonization projects in Canada;
- Achieved a 13% reduction in per-suite energy use intensity compared to 2019; and
- Scored 7/10 on our annual Resident Satisfaction Survey and on our Resident Service Experience Score.
“As a trusted provider of housing in Canada, we know how important it is to embrace strong environmental, social, and governance practices at every level of the organization, and we’re proud of the progress we’ve made on our ESG objectives in 2024,” commented Mark Kenney, President and Chief Executive Officer. “Our commitment to sustainability reflects our responsibility to all stakeholders, and through ongoing, strategic investments in our portfolio, in the resident experience, and in the employee experience, we’re enhancing our ability to deliver strong financial returns for our investors while ensuring a safe, secure, and comfortable living environment for our residents. We encourage everyone to review our 2024 ESG Report, available on our website now, to learn more about our accomplishments to date and goals for the future.”
Find out more about the progress CAPREIT’s made on its ESG program in the 2024 ESG Report, which can be found by visiting the CAPREIT website at www.capreit.ca – click on “About Us” and follow the link to “Our ESG Story” at the top of the page
ABOUT CAPREIT
CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at March 31, 2025, CAPREIT owns approximately 46,800 residential apartment suites and townhomes that are well-located across Canada and the Netherlands, with a total fair value of approximately $14.9 billion. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT’s intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR+ at www.sedarplus.ca.
For more information, please contact:
CAPREIT
Mr. Mark Kenney
President & Chief Executive Officer
(416) 861-9404
CAPREIT
Mr. Stephen Co
Chief Financial Officer
(416) 306-3009
CAPREIT
Mr. Julian Schonfeldt
Chief Investment Officer
(647) 535-2544
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