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Sustainability

Sustainability

We develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability.

Net-Zero by 2050

In July 2022, Science Based Targets initiative (SBTi) validated our greenhouse gas emissions reduction targets, making Choice Properties one of the first entities in Canada, and one of just 33 worldwide, to have net-zero targets approved by the SBTi. Our targets are consistent with the primary goal of the Paris Agreement – to limit the rise in global temperature this century to 1.5 degrees Celsius.

2021 Key Achievements

GHG Emissions

Reduced same-asset scope 1, 2 and limited scope 3 GHG (greenhouse gas) emissions by 24% between 2018 and 2021

Green Financing

Released Green Bond Framework and issued Inaugural Green Bond Offering

Giving

Over $400K and 1,200+ hours of colleague time donated to Canadian charities in support of mental health initiatives

Inclusion

Strengthened our culture with diverse recruitment panels, mandatory anti-bias training and representation targets for women and visible minorities

Oversight

Enhanced Executive oversight of the ESG program; revised Audit Committee mandate to provide for review of ESG disclosures; and provided ESG-Specific Board training

Cybersecurity

Cybersecurity maturity rating exceeds the industry benchmark after improving 33% in a year

Building a sustainable and equitable future is integral to our mission of creating enduring value

We continue to integrate resilient business practices to deliver value both for today and for future generations.

Fighting Climate Change

We are committed to doing our part to preserve our planet’s resources for current and future generations.

Advancing Social Equity

We hold ourselves accountable for advancing diversity, equity and inclusion for all stakeholders. We view the collection of varied experiences, talents and perspectives as a strength.

Governance

Choice Properties’ Board of Trustees and management team are dedicated to strong governance practices designed to maintain high standards of oversight, accountability, integrity and ethics.

Affiliations

We are proud to be associated with the following organizations to advance and promote sustainable practices in real estate and in business operations.

Making Progress

In 2019, Choice set five-year ESG targets (to be achieved by or before 2023). These include both environmental and social targets which will have a meaningful impact on our planet and our communities.

ESG Reports & Information

Environmental, Social & Governance Report

Published on April 27, 2022

Environmental, Social & Governance Report

Published on April 29, 2021

Green Financing Framework

Published on November 15, 2021

Sustainalytics Second Party Opinion for Green Financing Framework

Published on November 15, 2021

Environmental, Social & Governance Report

Published on April 23, 2020

Sustainability & Responsibility Highlights

Published on May 3, 2019

Please e-mail accessibility@choicereit.ca to request an accessible copy of any document.