“We build and operate commercial real estate to save the global environment, not to destroy it.
We build and operate to foster human wellness, not to undermine it.
We build and operate to promote diversity, not to impose uniformity.
We build and operate to facilitate creativity, not to encourage conformity.
We build and operate as city builders, which in a way embraces everything else.”
MICHAEL EMORY
Highlighting Allied’s ESG Achievements
Allied is committed to the ongoing evolution of our ESG program and performance. Working with team members and external partners, we continue to achieve our goals and set new ambitions for the future.
Set Science-Based Emissions Reduction Targets
Allied's near- and long-term GHG emissions reduction targets were validated by the SBTi in May 2025.
Increased Portfolio Certification from 48% to 55%
Increased the percentage of Allied’s portfolio certified to LEED and/or BOMA BEST from 48% in 2024 to 55% in 2025, with the aim of certifying 70% of our standing portfolio by 2028.
First Renewable District Energy Agreement
Initiated our first renewable district energy agreement at 1001 Robert-Bourassa in Montréal. We expect the building will be effectively decarbonized by 2026 to a Greenhouse Gas Intensity of 0.02 kg CO₂e/sq. ft.
Received Global Recognition for ESG Performance
Allied was recognized as an ESG Leader based on Sustainalytics’ independent ESG Risk Ratings methodology.
In its 2025 GRESB assessment, Allied achieved a score of 87 for its standing investments, three points above the prior year and eight points above the GRESB average.
Achieved Green Financing
In February 2025 and September 2025, Allied issued green bonds under its Green Financing Framework totaling $900 million, raising a total of $2.0 billion in green bonds to date.
Advanced Commitment to Equity, Diversity and Inclusion (“EDI”)
Allied hosted eight EDI workshops, attended by 850+ employees and building users. Feedback from Allied’s 2025 User Experience Assessment indicated that 96% of users are satisfied with its commitment to EDI.
Outperformed Peers in User Experience Assessment Ratings Score
Sustained focus on user experience has led to an increase in Allied’s Net Promoter Score by 31% compared to 2024, achieving 130% higher than the industry average in 2025.
Recognized as a Canadian “Best Employer” in 2025
Since 2020, Allied has engaged Mercer (formerly Kincentric) to conduct a third-party employee engagement survey. Allied was recognized as a “Best Employer” by Mercer in 2025, which is the fourth time Allied has received this recognition.
Supported over 5,000 Artists
Allied has provided affordable workspace for over 5,000 artists in Calgary, Toronto and Montréal since 2022.
REPORTS
2025 ESG Report
2024 ESG Report
2023 ESG Report
2022 ESG Report
2021 ESG Report
2020 ESG Report
2019 ESG Report
GREEN FINANCING
Green Bond Report (February 2025)
Allied’s Green Financing Framework (May 2025)
Green Financing Framework, Sustainalytics Second-Party Opinion (May 2025)
Allied’s Green Financing Framework (February 2021)
Green Financing Framework, Sustainalytics Second-Party Opinion (February 2021)
Green Bond Report (August 2021)
Green Bond, Sustainalytics Second-Party Opinion (August 2021)
Green Bond Report (February 2021)
Green Bond, Sustainalytics Second-Party Opinion (February 2021)
Governance framework – declaration of trust, mandates & policies
Declaration of Trust
Trustees’ Mandate
Role and Mandate of the Chair
Role and Mandate of the Chief Executive Officer
Governance, Compensation and Nomination Committee Terms of Reference
Audit Committee Terms of Reference
Environmental, Social and Governance Policy
Disclosure Policy
Insider Trading Policy
Whistleblower Policy
Code of Business Conduct
Supplier Code of Conduct
Advance Notice Policy
Majority Voting Policy
Accessibility and Customer Service Policy
