“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
Committed to a 42% reduction in scope 1 and 2 GHG emissions by 2030 and a 90% reduction in scope 1, 2 and 3 GHG emissions by 2050 for our rental and development portfolios. These reduction targets were validated by the SBTi in May 2025.
Increased Portfolio Certification from 41% to 48%
Increased the percentage of our portfolio certified to LEED and/or BOMA BEST from 41% in 2023 to 48% in 2024, with an aim to certify 70% of our portfolio by 2028.
Achieved Environmental Reduction Targets
In 2024, we achieved our five-year environmental reduction targets across all four categories: Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI), Water Use Intensity (WUI) and Waste Diversion.
Demonstrated Consistent GRESB Performance
Achieved a score of 84 for our standing investments and a score of 86 for our developments. We remain at or above the GRESB average for both scores.
Issued Green Financing
Issued our third green bond under our Green Financing Framework for $450 million in February 2025, raising a total of $1.5 billion in green bonds to date.
Advanced Equity, Diversity & Inclusion (EDI) Commitments
Launched our 2024+ EDI Roadmap. Feedback from our User Experience Assessment indicated that 93% of building users are satisfied with our commitment to EDI.
Outperformed Peers in User Experience Assessment Ratings
Sustained focus on user experience has led to an increase in our Net Promoter Score (NPS)* by 30% from 2023, achieving 150% higher than the industry average in 2024.
Launched Allied Applause, an Employee Rewards and Recognition Program
Launched Allied Applause that celebrates employee contributions to operations, community and culture, designed based on feedback from employee focus groups and our 2024 employee engagement survey.
Supported Over 4,000 Artists
Partnered with organizations in Calgary, Toronto and Montréal to provide affordable workspace for over 4,000 artists since 2022.
*Net Promoter Score is a metric used to measure satisfaction. Its calculation is based on the response to “On a scale from 0 to 10, how likely would you be to recommend this property to others?”
REPORTS
2024 ESG Report
2023 ESG Report
2022 ESG Report
2021 ESG Report
2020 ESG Report
2019 ESG Report
GREEN FINANCING
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
