Canadian rental housing providers for affordable housing: ForAffordable.ca More info

Our Environment, Social & Governance story

Our Approach to ESG

CAPREIT invests in its assets and people in order to build a leading portfolio of residential rental properties. Environmental sustainability, and more recently an environmental, social, and governance (ESG) focus have been integral to the company’s responsible asset management practices.

 

In 2022, CAPREIT identified a need to integrate its various ESG initiatives into a performance-based ESG Strategy that is aligned with its business strategy, supports long-term value creation, and meets the evolving expectations of investors. We set about developing a three-year ESG Strategy that includes a Climate Action Plan. It identifies our key ESG priorities and lays out a foundational set of goals, actions, and performance measures that we will use to track our progress over the next three years.

 

Our ESG Strategy is a ‘living document’ that will evolve over time as we advance our actions and adapt to the changing needs of our operating and investing environment. 

CAPREIT'S ESG Strategy

Our material ESG factors are organized within three pillars that align with CAPREIT’s strategic objectives:

 

Best Place to LIVE

VISION

Providing safe, healthy, and sustainable places to live.

PRIORITY AREAS

  • Energy Management
  • Water and Waste Management
  • Green Buildings
  • Resident Satisfaction and Safety
  • Affordable Housing
  • Community Partnerships

Best Place to WORK

VISION

Creating a workplace that attracts the best and the brightest, providing opportunity for growth and development.

PRIORITY AREAS

  • People and Culture
  • Employee Engagement and Recognition
  • Professional Development
  • Employee Health and Well-being
  • Diversity, Equity, and Inclusion
  • Environmental Health and Safety

Best Place to INVEST

VISION

Providing safe, healthy, and sustainable places to live.

PRIORITY AREAS

  • ESG Governance Systems and Processes
  • Corporate Governance Practices
  • ESG Risk Management

Climate is a cross-cutting ESG factor that we consider in all aspects of our business

PRIORITY AREAS

  • Greenhouse Gas (GHG) Emissions
  • Climate Change – Physical Risks/Opportunities
  • Climate Change – Transition Risks/Opportunities

Our 2022 Environmental, Social & Governance Report

2022 ESG Highlights

Best Place to LIVE

Almost $20 million invested in energy efficiency efficiency in 20221 with almost $67 million in cumulative investments since 2019

Scored 7/10 on our annual Resident
Satisfaction Survey and our Recommendation Score remained strong at 78%

42% of our suites are considered affordable housing units

Provided affordable housing to more than 50 municipalities and community social groups for the most vulnerable

Best Place to WORK

Scored 75% on our overall engagement score in our annual Employee Engagement Survey

The only Canadian company to have achieved gender balance across all levels (2021), out of those analyzed and reported by Equileap2

55% of our workforce identifies as female, and 31% of our employees self-identify as Black, Indigenous or People of Colour (BIPOC)

20+ employees were certified in ‘Mental Health and First Aid’

Best Place to INVEST

38% of Independent Trustees self-identify as female

22% of trustees and 45% of senior executive management3 self-identify as BIPOC

Integrating ESG into a newly developed Enterprise Risk Management Program

Initiated development of a corporate Climate Action Plan

1.  Includes energy-efficiency investments in residential suites and buildings, MHC sites, and commercial/retail spaces in the Canadian portfolio.

2. As reported by Equileap in their 2023 Gender Equality Global Report & Ranking.

3. Vice Presidents and above.

News

Two construction workers installing a solar panel on a rooftop.
News

Conservation and Sustainability: Part 5 – Solar Energy

Harnessing the Power of the Future: Solar Energy In our final installment of our conservation and sustainability video series, watch CAPREIT’s Dan Rames, Senior Director, ...
Read More
News

Conservation and Sustainability: Part 4 – Fostering Sustainable Community Partnerships

Now in its third year, CAPREIT’s partnership with urban gardening experts MicroHabitat are a unique feature at four of our communities across the country – ...
Read More
News

Conservation and Sustainability: Part 3 – Cultivating Change with Urban Agriculture

Now in its third year, CAPREIT’s partnership with urban gardening experts MicroHabitat are a unique feature at four of our communities across the country – ...
Read More
News

Conservation and Sustainability: Part 2 – Recharging the Future: Electric Vehicle Charging Stations

Embracing electric vehicle (EV) charging stations is a crucial step towards a sustainable future.   Embracing electric vehicle (EV) charging stations is a crucial step ...
Read More
News

Conservation and Sustainability: Part 1 – Responsible Business, Sustainable Future

Welcome to the launch of CAPREIT’s five-part focus on conservation and sustainability.   Over the next five weeks, join us for short, 2 to 3-minute ...
Read More
News

Op-ed: A simple plan to help boost Canada’s affordable housing supply

Op-ed published in The Financial Post. A federal fund could allow non-profits to buy and maintain existing stock, freeing up private sector capital for reinvestment
Read More

Contact us

We welcome any comments and questions you might have. Feel free to contact us anytime by phone or email.