“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
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.
Outperformed 2024 Targets
In 2021, we exceeded our 2024 reduction targets for Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and Water Use Intensity (WUI).
Reduced Energy Use by 15.4% & GHG Emissions by 12.4%
In 2021, we reduced our energy use and greenhouse gas emissions by 15.4% and 12.4%, respectively, compared to our 2019 baseline, surpassing our 2024 reduction targets.
Reduced Water Use by 43.3%
In 2021, we reduced our water use to 38 L/ft2, exceeding our 2024 reduction target by 43.3% compared to our 2019 baseline.
Improved our GRESB Score by 16 Points
In 2021, we scored 80/100 for our standing investments, a 16-point improvement from 2020 and scored 75/100 for our development portfolio.
Issued $1.1 Billion of Green Bonds
In 2021, we announced our Green Financing Framework. In February 2021, we issued our first green bond for $600 million and in August 2021 we issued our second bond for $500 million.
Initiated Allied’s Net Zero Carbon Plan
In early 2022, we committed to developing a Net Zero Carbon (NZC) Plan which will identify a clear pathway for Allied to reach net zero in alignment with the Science Based Targets Initiative’s (SBTi) Corporate Net-Zero Standard v1.0.
Recognized as a Canadian “Best Employer”
In 2020 and 2021, we engaged Kincentric to conduct a third-party employee engagement survey. In 2021, Allied’s overall engagement score was 77%, placing us in Canada’s top quartile for the second year in a row.
Improved All User Experience Assessment Ratings
In November 2021, we completed our second annual third-party User Experience Assessment Survey. Results demonstrated considerable progress from 2020, with improved ratings in all areas surveyed.
Piloted HOME Initiative
In 2021, in partnership with WoodGreen Community Services, we provided two families with housing and social supports.
REPORTS
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
Advance Notice Policy
Majority Voting Policy
Accessibility and Customer Service Policy
