“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.”
ENVIRONMENTAL: Our impact on the natural world at both corporate and property levels.
SOCIAL: Our relationship with key stakeholders, including users, employees, suppliers and the communities in which we operate.
GOVERNANCE: Our internal policies, programs and processes that support the management of our business and the execution of ESG-related activities.
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.
In 2022, we continued to exceed our 2024 reduction targets for Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and Water Use Intensity (WUI).
In 2023, we achieved a score of 85/100 for our standing investments and a score of 87/100 for developments, representing continuous improvement overall.
Established Allied’s shadow price of carbon to support financial analysis and decision-making for all our new investments, developments and retrofit opportunities by assigning a monetary value to every tonne of carbon emitted.
Since 2020, we have engaged Kincentric to conduct a third-party employee engagement survey. We were recognized as a “Best Employer” in 2020, 2021 and 2023.
Allied partnered with ULI Toronto, Shared Path and Westbank to deliver a workshop series for leaders in the industry to advance their understanding of colonization and its impact on Indigenous Peoples, and to start exploring opportunities to collaborate in real estate development.
In October 2023, we completed our annual third-party User Experience Assessment Survey. Results demonstrated year-over-year progress, with improved ratings in key areas and an overall increase in user satisfaction.
Allied will certify an additional 8.1 million square feet to LEED and/or BOMA BEST by 2028, at a cost of $0.09/square foot, increasing its certification percentage from 27% to 70% across the portfolio.
Allied’s Green Financing Framework
Green Financing Framework, Sustainalytics Second-Party Opinion
August 2021 Green Bond Report
August 2021 Green Bond, Sustainalytics Second-Party Opinion
February 2021 Green Bond Report
February 2021 Green Bond, Sustainalytics Second-Party Opinion
Declaration of Trust
Role and Mandate of the Executive Chair
Role and Mandate of the Lead Trustee
Mandate of the Chief Executive Officer
Governance, Compensation and Nomination Committee Terms of Reference
Audit Committee Terms of Reference
Environmental, Social and Governance Policy
Insider Trading Policy
Code of Business Conduct
Supplier Code of Conduct
Advance Notice Policy
Majority Voting Policy
Accessibility and Customer Service Policy