TORONTO, Oct. 31, 2012 /CNW/ - First Capital Realty Inc. ("First Capital Realty") (TSX: FCR), Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets, announced today the release of the Company's second Corporate Responsibility and Sustainability (CRS) Report that complies with the Global Reporting Initiative™ (GRI™) Sustainability Reporting Guidelines.
First Capital Realty's 2011 CRS Report details the progress it has made in the previous year and includes comparative metrics to data provided in the Company's 2010 report. Key highlights detailed in the Report include:
- Certifying six projects comprising 168,770 square feet of gross leasable area ("GLA") to LEED (Leadership in Energy and Environmental Design);
- Starting construction on three geothermal projects;
- Winning an ICSC (International Council of Shopping Centres) Silver Maple Leaf Award for the Company's "Be Eco-Logical Annual Recycling Program" and
- Sponsoring a number of programs at the Ontario College of Art and Design University (OCAD U) in Toronto, Ontario.
As of September 30, 2012, 27 projects at 19 properties comprising approximately 600,000 square feet of GLA were certified to LEED standards. Another 77 projects at 45 properties comprising over 2.8 million square feet of GLA are under development, in the process of construction, or awaiting LEED certification.
"At First Capital Realty, our culture of innovation is focused on ensuring that we best serve the needs of all of our communities - our people, our retailers and their customers, our neighbours, and our shareholders," stated Dori J. Segal, President and CEO. "We remain committed to engaging with our communities and maintaining our high standards of corporate responsibility and sustainability in all aspects of our business. It is the right thing to do, and it makes good business sense."
The Company has self-declared its report to be an Application Level B+. This application level requires a company to report fully on at least 20 performance indicators, including one from each category: economic, environment, human rights, labour, society and product responsibility. Furthermore, it requires external assurance. Accordingly, the Company received independent assurance on selected quantitative performance indicators included in its CRS Report for the year ended December 31, 2011 from PricewaterhouseCoopers LLP.
To obtain a copy of First Capital Realty's 2011 CRS report, please visit our website at www.firstcapitalrealty.ca.
ABOUT FIRST CAPITAL REALTY (TSX: FCR)
First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets. First Capital Realty currently owns interests in 172 properties, including six under ground-up development, totalling approximately 24.2 million square feet of gross leasable area and four sites in the planning stage for future retail development.
SOURCE: First Capital Realty Inc.
Dori J. Segal, President & CEO, or
Karen H. Weaver, Executive Vice President & CFO
First Capital Realty Inc.
85 Hanna Avenue, Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: (416) 504-4114