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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.

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.



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

Advance Notice Policy

Majority Voting Policy

Accessibility and Customer Service Policy

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