Our ESG story
Our Environment, Social & Governance story
For us, our sense of responsibility goes beyond ensuring we maintain high-quality, desirable properties. Care encompasses everything we do, including how we treat our residents, the clean, safe homes we provide, the suppliers we engage, and the communities in which we operate.
It includes how we treat our people, from the most recent hire to how we inspire and grow our dedicated team and our senior leaders. For us, care goes higher still—all the way up to ensuring our investments generate positive returns. At the same time, our caring extends to effecting meaningful contributions to society and safeguarding the environment.
Changes we’re making
By integrating environmental, social and governance (ESG) related metrics into the way we manage our business, and our properties, we ensure we answer our mantra to connect and care about the world around us. We look for ways to reduce our environmental footprint. We want to add value to the lives of the residents we serve and communities we operate in. Strengthening corporate governance helps us attract and retain the best employees and residents. And it leads to better investment outcomes.
ENVIRONMENTAL
Operational Efficiency and Resilience
SOCIAL
Staying Connected
GOVERNANCE
Governance, Risk and Compliance
Change leads to growth
We’ve updated our growth strategy to focus on diversifying our portfolio through new development opportunities. We’ll continue to modernize our assets and invest in environmental and social initiatives that drive operational excellence. At the same time, we adhere to sound governance. This sets us up for controlled growth in the future.
We’ve already taken the first step in Elevation 2023, our five-year growth plan. It outlines ways we’re increasing our business resilience and lays the foundation for updating the way we operate.
The genuine care we have for our team keeps us committed to investing in our employees. That concern motivates us to be the best place to work. Above all, we seek to drive strong returns for our Unitholders. Measuring up to these promises will fulfill our commitment to all our stakeholders to deliver best-in-class performance.
Areas of focus
Integrating ESG
We’re currently identifying and prioritizing our most pressing ESG issues. We’ve already demonstrated a commitment to environmental transparency by disclosing findings through our customer data platform in 2020. The result was a Green Star designation from the Global Real Estate Sustainability Benchmark, in our inaugural 2020 GRESB submission.
A culture of inclusion
Caring about our employees and our residents means fostering a culture of equality, diversity and inclusion. That’s why we work to ensure these fundamental qualities are at the heart of every program we offer employees and residents.
Operational efficiency and resilience
We’re building operational effectiveness and resilience through increased conservation measures. These reduce risk and result in greater efficiencies.
Governance
Our Policy Management Program helps manage risk. It maintains a culture of compliance and ensures that we always remain a trusted, ethical partner to our stakeholders. That’s the result of a business that cares.
2021 ESG Highlights
ENVIRONMENTAL
Enhanced internal systems to improve GRESB reporting
Completed a regional Climate Risk Assessment to identify potential physical and transitional climate-related risks/opportunities in our major markets
SOCIAL
Via our Resident Experience survey, residents awarded CAPREIT an overall score of almost 80% relating to resident happiness and their likelihood to recommend to peers
Our Employee Engagement survey revealed a satisfaction score of 89% relating to CAPREIT’s approach to diversity and inclusion
GOVERNANCE
50% of independent trustees self-identify as female
33% of Trustees and 45.5% of senior executive managers† self-identify as BIPOC
Established a formal Compliance & Ethics program enhancing governance practices
Developed a new and refined ESG Strategy aligned with Elevation 2023, our core business growth strategy
*Residential Energy-Saving Initiatives: $19.4 million, MHC Energy-Saving Initiatives: $59,000, Commercial Energy-Saving Initiatives: $796,000.
†Vice Presidents and above.
News
CAPREIT recognized for gender parity across the organization.
Equileap’s latest report shows that only 28 companies globally have closed the gender pay gap, and just 18 have achieved gender balance at all levels. …
CAPREIT 2022 Annual Report
Celebrating 25 Years “In 2022, we were proud to celebrate 25 years of growth and performance. Since 1997, our asset base has expanded to approximately …
Canada’s next great economic boom can be unleashed by the power of housing, immigration, and labour
Op-ed published in The Hill Times. Expanded immigration can work hand-in-hand with the construction industry’s goals to open the way to uild the 3.5 million additional homes we need above the current pace of construction.
CAPREIT Applauds Premier Eby’s Rental Protection Fund
A cost-effective tool for affordable long-term rental housing for vulnerable communities Ottawa, Canada, January 19, 2023 (Globe Newswire) – Canadian Apartment Properties Real Estate Investment …
Canadian rental housing providers for affordable housing
Five Major Residential Rental REITs launch ForAffordable.ca A window into how Canada’s five largest publicly traded residential rental REITs operate and their ideas to address …
BNN Bloomberg Interview with Mark Kenney – Incredible problems with lack of supply
CAPREIT’s Chief Executive Officer Mark Kenney, joined BNN Bloomberg to discuss CAPREITs Q3 results, the lack of housing supply and current state of the rental …
Contact us
We welcome any comments and questions you might have. Feel free to contact us anytime by phone or email.
- 11 Church Street, Toronto, ON M5E 1W1
- (416) 861-9404