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.
2020 ESG Highlights
ENVIRONMENTAL
Over $15 Million
Over $15 million invested in energy efficiency measures including launching a centralized building automation system (“BAS”)
1.3M SQ FT
Added 1.3 MF SQ FT of BOMA BEST certified floor area
CDP
Furthered our commitment to environmental transparency by submitting to CDP
Achieved ~2.5%
Achieved ~2.5% annual energy consumption reduction since 2010
SOCIAL
A diverse and inclusive workforce
A diverse and inclusive workforce of 53% self-identified female employees and over 55 spoken languages
12,400 Hours
Over 12,400 Hours of internal training completed
Top Quartile
Ranked in the top quartile of the Best Employers program for the 7th consecutive
3,500 calls/month
Launched the Compassionate Care program to support residents through the COVID-19 pandemic by conducting an average of 3,500 calls/month
GOVERNANCE
43%
43% of independent Trustees self-identify as female
25%
of Trustees self-identify as BIPOC
GRESB GREEN STAR
Earned GRESB GREEN STAR designation in inaugural 2020 submission
ESG training
Delivered ESG training to the Board of Trustees and employees company-wide
News
CAPREIT is proud to support Pathways to Education
As a corporate sponsor, CAPREIT is proud to support the ongoing work of Pathways to Education Canada. Each year, our organization contributes an annual corporate …
CAPREIT received a Green Star designation from GRESB!
This year CAPREIT maintained its strong position with a Green Star designation from GRESB.
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
- info@capreit.ca