{"id":17196,"date":"2022-07-21T12:18:41","date_gmt":"2022-07-21T16:18:41","guid":{"rendered":"https:\/\/www.choicereit.ca\/news-release\/les-objectifs-demissions-de-gaz-a-effet-de-serre-de-choice-properties-sont-valides-par-linitiative-science-based-targets\/"},"modified":"2022-07-21T12:18:41","modified_gmt":"2022-07-21T16:18:41","slug":"les-objectifs-demissions-de-gaz-a-effet-de-serre-de-choice-properties-sont-valides-par-linitiative-science-based-targets","status":"publish","type":"news-release","link":"https:\/\/www.choicereit.ca\/fr\/news-release\/les-objectifs-demissions-de-gaz-a-effet-de-serre-de-choice-properties-sont-valides-par-linitiative-science-based-targets\/","title":{"rendered":"Les objectifs d&#8217;\u00e9missions de gaz \u00e0 effet de serre de Choice Properties sont valid\u00e9s par l&#8217;initiative Science Based Targets."},"content":{"rendered":"<p><br>\n<\/p>\n<p class=\"wp-block-cpr-paragraph-core\">Toronto, Ontario, July 21, 2022 \u2013 Choice Properties Real Estate Investment Trust (\u00ab\u00a0Choice Properties\u00a0\u00bb or the \u00ab\u00a0Trust\u00a0\u00bb) (TSX: CHP.UN) announced today that the Science Based Targets initiative (SBTi) has validated the Trust\u2019s greenhouse gas (GHG) emissions reduction targets, making Choice Properties one of the first entities in Canada to have net-zero targets approved by the SBTi. The Trust\u2019s targets are consistent with the primary goal of the Paris Agreement \u2013 to limit the rise in global temperature this century to 1.5 degrees Celsius.<\/p>\n<p>In line with the stringent, science-based requirements of the <a href=\"https:\/\/sciencebasedtargets.org\/net-zero\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SBTi\u2019s Corporate Net Zero Standard<\/a>, Choice Properties has adopted targets that apply to its entire portfolio of income-producing and development properties. Choice Properties has committed to reaching net-zero GHG emissions across its value chain by 2050 from a 2019 base year. This includes a 50% reduction in absolute scope 1 and 2 emissions, and a 30% reduction in scope 3 emissions from purchased goods and services, capital goods and downstream leased assets by 2030 from a 2019 base year. The Trust has also committed to reduce absolute scope 1 and 2 emissions 90% by 2050 from a 2019 base year and to reduce absolute scope 3 emissions 90% within the same timeframe.<\/p>\n<p>\u201cFighting climate change is fundamental to our purpose of creating enduring value for all stakeholders and we are proud to deepen our environmental commitment with these targets\u201d said Rael Diamond, President and Chief Executive Officer. Mr. Diamond added, \u201cBy becoming one of the first net-zero approved entities in Canada validated by the SBTi\u2019s rigorous process, we are leading by example in our industry and helping to prevent the effects of global warming in our communities.\u201d<\/p>\n<p>The Trust\u2019s science-based targets build on the progress Choice Properties has made since issuing its first emissions reduction targets in 2019. In 2021, the Trust surpassed achievement of this target by reducing same-asset scope 1, 2, and limited scope 3 emissions by 24% from 2018.<\/p>\n<p>Details on the Trust\u2019s Environmental, Social and Governance (ESG) program and performance can be found in its 2021 Environmental, Social and Governance Report which aligns with leading disclosure standards including the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD). The 2021 ESG Report is available on the Trust\u2019s website at <a href=\"http:\/\/choicereit.ca\/sustainability\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">choicereit.ca\/sustainability<\/a>.<\/p>\n<p><\/p>\n<p>\n<\/p>\n<h4 class=\"wp-block-cpr-heading-four\">About Choice Properties Real Estate Investment Trust<\/h4>\n<p>\n<\/p>\n<p>\n<\/p>\n<p class=\"wp-block-cpr-paragraph-core\">Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.<\/p>\n<p>We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.<\/p>\n<p>For more information, visit Choice Properties\u2019 website at <a href=\"http:\/\/www.choicereit.ca\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">www.choicereit.ca<\/a> and Choice Properties\u2019 issuer profile at <a href=\"http:\/\/www.sedar.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">www.sedar.com<\/a>.<\/p>\n<p>\n<\/p>\n<p>\n<\/p>\n<h4 class=\"wp-block-cpr-heading-four\">Forward-Looking Statements<\/h4>\n<p>\n<\/p>\n<p>\n<\/p>\n<p class=\"wp-block-cpr-paragraph-core\">This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties\u2019 current expectations regarding future events including achievement of the Trust\u2019s emissions reduction targets. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties\u2019 control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, Choice Properties\u2019 ability to meet its greenhouse gas reductions targets, and the factors discussed in Choice Properties\u2019 current Annual Information Form and 2022 First Quarter Report to Unitholders. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.<\/p>\n<p>\n<\/p>\n<p>\n<\/p>\n<h4 class=\"wp-block-cpr-heading-four\">For further information:<\/h4>\n<p>\n<\/p>\n<p>\n<\/p>\n<p class=\"wp-block-cpr-paragraph-core\">Mario Barrafato<br>Chief Financial Officer<br>Choice Properties REIT<br>(416) 628-7872<br><a href=\"mailto:Mario.Barrafato@choicereit.ca\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mario.Barrafato@choicereit.ca<\/a><\/p>\n<p>\n<br>\n<\/p>\n","protected":false},"template":"","class_list":["post-17196","news-release","type-news-release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Les objectifs d&#8217;\u00e9missions de gaz \u00e0 effet de serre de Choice Properties sont valid\u00e9s par l&#8217;initiative Science Based Targets. - 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