MISSISSAUGA, ON, May 23, 2014 /CNW/ - Morguard Corporation (TSX: MRC)
("Morguard") today released its 2013 Corporate Sustainability Report,
that demonstrates continuous improvements in environmental, social and
corporate governance (ESG) performance and follows the Global Reporting
Initiative (GRI) framework.
Highlights from the Report show significant achievements including:
A reduction in energy, water and waste use across Morguard's owned and
Multiple BOMA and LEED certifications
Recognition through 18 industry awards
Charitable donations of more than $1.5 million
You can download the Report titled "Sustainability. Responsibility.
Results." at www.morguard.com.
"It takes a whole team of real estate property professionals to embrace
and implement a sustainability program to achieve measurable
performance," said Rai Sahi, Chairman and CEO of Morguard Corporation.
"We believe that by making sustainability a strategic priority and
systematically integrating it into our business, Morguard will be in
the best position to build value for our shareholders, clients, tenants
Responsible Property Investment
Morguard recognizes that partnering with tenants and engaging with
clients during business planning is critical to Responsible Property
Investment (RPI). To increase focus on sustainability initiatives and
performance at its owned and managed real estate portfolio in North
America, Morguard is providing key clients with property performance
targets and greater ESG data in their business plans, capital plans and
budgets to drive environmental improvements.
Reaching Net Zero - Operational Building Performance
Morguard's sustainability initiatives resulted in a significant cost
savings through reductions in building energy, water and waste, over
our baseline year of 2010.
Less Energy Usage
Less Water Usage
Reductions in 2013
Reductions since 2010 Baseline
To give perspective, the energy savings alone in 2013 could power 400
homes for a year, while the water savings could fill 35 swimming pools.
"Development and redevelopment projects are a cornerstone of Morguard's
sustainability strategy. "As a real estate company, we can have a
direct, positive influence on communities through the construction and
design of sustainable buildings," said Stephen Taylor, President and
COO of Morguard Investments Limited. "From building to LEED standards
to holding community consultation processes to contributing to off-site
local improvements, we seek to make the communities where we operate
better for all - now and for the future."
With $650 million in development and redevelopment activity in 2013,
Morguard achieved five GOLD LEED designations on new projects. Today,
Morguard has 14 active projects targeting LEED designations including
Uptown (Retail) in Victoria, BC, Performance Court (Office) in Ottawa,
ON, and The Heathview (Residential) in Toronto, ON.
Morguard recognizes that sustainability is not just about our properties
and the environment, but about the people who make up our team. We
strive to empower our people to ensure that Morguard retains, engages,
and attracts innovative talent that will contribute to our success. In
2013, Morguard was recognized as one of the Top 35 Best Employers in
the GTA and received two Gold Awards from Thomson Reuters as one of
Canada's Safest Employers - that speaks to the dedication of our
Occupational Health and Safety team. With approximately 120 million
visitors to our properties every year, keeping these visitors and our
employees safe is a priority.
Future 40 Responsible Corporate Leader
Morguard was recently named as a Future 40 Responsible Corporate Leader
in Canada by Corporate Knights recognizing the corporate up-and-comers
in Canada that are top sustainability performers. Corporate Knights, a
media and investment research company based in Toronto, selected
Morguard among a qualified group of 213 companies. Morguard scored well
based on 12 key performance indicators including energy use, GHG
emissions, water use, waste production, employee turnover and lost-time
injury rate. The ranking acknowledges Morguard's leadership in ESG
reporting and the results of our sustainability programs.
Morguard Corporation (TSX: MRC) is a major North American real estate
and property management company. It has extensive retail, office,
industrial, and multi-unit residential holdings owned directly and
through its investment in Morguard REIT (TSX: MRT.UN) and Morguard
North American Residential REIT (TSX: MRG.UN). Morguard also provides
real estate management and investment services to institutional and
other investors. Morguard's owned and managed real estate portfolio is
valued at approximately $15.2 billion.
Web Site: www.morguard.com
SOURCE: Morguard Corporation
For further information:
K. (Rai) Sahi
Chief Executive Officer
Director, Strategic Initiatives and Sustainability