Our Approach to ESG
In support of our commitment to building stronger communities, QuadReal has a teamwide dedication to integrating environmental, social and governance (ESG) into the company’s core activities. These include our corporate, global real estate and debt management, due diligence and investing activities. One of the key ways we hold ourselves accountable is by benchmarking our ESG performance through the Global Real Estate Sustainability Benchmark (GRESB).
This commitment extends beyond our four walls. As a Responsible Company, we are involved members of the communities where we live, work and invest. We work to advance the quality of life to our communities through our actions, including many touchpoints of charitable giving and local engagement.
Assets Under Management
green-certified Canadian properties
absolute carbon reduction of Canadian portfolio by 2030
Doing Our Part
Doing our part means striving for excellence in performance and transparency. Our goal is to continue scoring in the top quartile of GRESB and prioritizing excellence in sustainability, health and wellness—including our updated strategic pathway to net zero. As part of our commitment to transparency, we publicly share benchmarked energy, water and carbon emissions data for our buildings across Canada and we showcase the types of analysis we find useful to drive continuous improvement.
Jamie Gray-Donald, Senior Vice President, Sustainability & EHS
“Through collaboration, we are focused on improving the ESG data and benchmarking landscape, ensuring that thoughtful approaches are in place not only for QuadReal to maintain the standards expected of institutional ownership but for the benefit of the broader market and our industry peers.”
We believe we can accelerate change by sharing best practices with leading organizations including BOMA Canada, GRESB, REALPAC, the Canadian and United States Green Building Councils, Fitwel, the Center for Active Design and the Embedding Project. Together, we can create lasting positive change in the communities where we develop and manage properties while engaging with our tenants, residents and their guests.
QuadReal is a participant in Canada’s NET-ZERO CHALLENGE, an initiative driving businesses to transition to net-zero emissions by 2050.
PREA Institutional Investor ESG Award
QuadReal received the 2022 award for outstanding integration of environmental, social, and governance factors in commercial real estate investment.
GRESB 2022 Performance
GRESB, a global sustainability benchmarking organization, has recognized our strong commitment to ESG transparency. Our Canadian Portfolio achieved 1st place in the Americas and 4th globally in the diversified category.
2022 Fitwel Best in Building Health Awards
Awarded the Industry Thought Leadership and Fitwel Promise Awards for Most Benchmarked Projects. In addition, we achieved the 2021 Highest Score in the Commercial Site v2.1 (Built) category for Southcore Financial Centre and in Commercial Site v2.1 (Design) category for World Exchange Plaza.
We See Community
Part of Being a Responsible Company is understanding the many links we share with our communities, including the links between individual wellbeing, community wellbeing and that of our planet. Through QuadReal’s sustainability engagement program, we share our commitment to sustainability, health and wellness with our tenants, residents and customers.
BCI’s ESG Annual Report
BCI’s ESG Annual Report is an in-depth look at how the team captures investment opportunities and manages long-term risks associated with ESG matters on behalf of its clients. The 2022 report demonstrates progress on BCI’s ESG-related activities across the organization under the four components of its ESG Strategy: Integrate, Influence, Invest and Insight.
At QuadReal, we share BCI’s commitment to creating a culture focused on ESG. Our team is pleased to have the opportunity to share QuadReal’s initiatives by contributing to the contents of this report, highlights of which include our carbon reduction priorities, partnership with Fitwel and Green Bond Framework.