Reduced Environmental Footprint, New Industry Certifications, Support for Communities and Youth Highlighted
TORONTO, April 11, 2018 /CNW/ - Cadillac Fairview announced today the release of its annual Corporate Responsibility Report, which outlines the company's environmental performance as well as support for community organizations and youth-oriented initiatives. Prepared in accordance with the internationally recognized Global Reporting Initiative (GRI) standards, the report covers activities between September 1, 2016 and August 31, 2017.
Corporate responsibility reporting at Cadillac Fairview has evolved over the years, building upon the company's leadership in environmental stewardship of its property portfolio to encompass health and safety, occupant wellness and recently, its targeted philanthropic investment in community programs and corporate partnerships focused on youth empowerment.
"As we envision, build and manage inspiring spaces, our concept of corporate responsibility has broadened to see sustainability through the many interconnected aspects of our business," according to John Sullivan, President and CEO, Cadillac Fairview. "From reducing greenhouse gas emissions to improving the well-being of building occupants, we recognize the great impact we have on our communities and our ability to positively transform them."
Cadillac Fairview's environmental metrics cover energy and greenhouse gas management, water usage and solid waste diversion, with reduction strategies set by the company's pioneering Green at Work® sustainability program. Established in 2008, Green at Work® has guided the company's business practices across all 67 Cadillac Fairview properties, integrating sustainability into building operations and maintenance through specific targets and action plans. Highlights of Cadillac Fairview's environmental performance for 2017 compared to 2016 include:
- Saved over 8.9 million ekWh
- Conserved 54,000 cubic metres of water
- A solid waste diversion rate of 83% versus 77% previously.
The achievement of third-party industry recognition has long been acknowledged by Cadillac Fairview as a priority. In 2017, was notable for the number of certifications and awards received by the company:
- 29 LEED® certifications
- 48 BOMA® BEST certifications
- In Cadillac Fairview's 2017 Global Real Estate Sustainability Benchmark (GRESB) submission, the company ranked first in its peer group and ranked first overall in North America for office and retail properties in the Health and Well-being Module
- In 2017, Cadillac Fairview was also recognized among Canada's Greenest Employers, 50 Most Engaged Workplaces™, Interbrand's 150 Iconic Canadian Brands, and Canada's 10 Most Admired Corporate Cultures.
In the bourgeoning field of occupant wellness, 222 Bay Street within Cadillac Fairview's Toronto-Dominion Centre became the first existing building in North America to receive the prestigious WELL Building Standard™ certification (Core + Shell Gold), which measures, monitors and certifies building features that impact people's wellness.
Recognizing the connection between the neighbourhoods served by its properties and its own future growth, Cadillac Fairview continues to invest in the well-being of its local communities through several philanthropic initiatives which promote employee volunteerism as well as corporate partnerships which support health and social services organizations.
In 2017, Cadillac Fairview committed $1.85 million in funds across a range of initiatives, in addition to funds raised by the CF Run and CF Golf Classic, two longstanding annual signature events.
"Through our philanthropic partnerships, we are investing in making meaningful change across Canada with a strong focus on inspiring youth to make a positive impact," added Mr. Sullivan. "By doing so, we aim to develop the next generation of leaders."
Consistent with Cadillac Fairview's priority of empowering youth, the company entered the next phase of a multi-year partnership with WE in the spring of 2017, while also entering the second year of a four-year, $600,000 commitment to United Way's Youth Success Strategy, which helps young people find sustainable employment.
Cadillac Fairview's full 2017 Corporate Responsibility Report can be accessed (HERE).
About Cadillac Fairview
Cadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America. The Cadillac Fairview portfolio is owned by the Ontario Teachers' Pension Plan, a diversified global investor which administers the pensions of more than 300,000 active and retired school teachers. The real estate portfolio also includes investments in retail, mixed-use and industrial real estate in Brazil, Colombia and Mexico.
Valued at around $29 billion, the Canadian portfolio includes over 38 million square feet of leasable space at 67 properties in Canada, including landmark developments, such as Toronto-Dominion Centre, CF Toronto Eaton Centre, CF Pacific Centre, CF Chinook Centre, Tour Deloitte and CF Carrefour Laval.
SOURCE Cadillac Fairview Corporation Limited
For further information: Media Contacts: Anna Ng, Cadillac Fairview, External Communications Manager, 416-598-8246, [email protected]; Christa Connell, North Strategic, 647-293-3515, [email protected]