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“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.

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.

Outperformed 2024 Targets

In 2023, we continued to exceed our 2024 reduction targets for Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and Water Use Intensity (WUI).

Continued to Improve GRESB Scores

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.

Committed to Green Financing

Obtained a $75 million sustainability-linked construction lending facility in 2022. Exceeded one of the sustainability performance targets for 2023, as more than 10% of individuals in construction and construction-related labour identified themselves as equity deserving groups*.

Recognized as a Canadian “Best Employer” in 2023

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.

Advanced Equity, Diversity & Inclusion (EDI) Commitments

Completed the actions in our inaugural EDI Roadmap. Feedback from our User Experience Assessment indicated that 91% of building users are satisfied with our commitment to EDI.

Outperformed Peers in User Experience Assessment Ratings

In October 2023, we completed our annual third-party User Experience Assessment Survey. Results demonstrated year-over-year progress and an increase in our Net Promoter Score by 47% from 2022.

Increased Portfolio Certification from 27% to 41%

Increased the percentage of our portfolio certified to LEED and/or BOMA BEST from 27% in 2022 to 41% in 2023, with an aim to certify 70% of our portfolio by 2028.

*Equity deserving groups include Indigenous people, racialized communities, recent immigrants and refugees, disabled persons, members of the 2SLGBTQQIA+ community, veterans, youth aged 29 and under and people who identify as having experienced barriers to economic opportunity and participation.



2023 ESG Report

2022 ESG Report

2021 ESG Report

2020 ESG Report

2019 ESG Report



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

Governance framework – declaration of trust, mandates & policies


Declaration of Trust

Trustees’ Mandate

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

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

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