“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.
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 2022, we continued to exceed our 2024 reduction targets for Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and Water Use Intensity (WUI).
Improved our GRESB Score by Six Points
In 2022, we scored 86/100 for our standing investments, a six-point improvement from 2021 and scored 82/100 for our development portfolio, a seven-point improvement from the prior year.
Developed an Internal Price of Carbon
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.
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.
Co-hosted Indigenous Relations Workshop Series
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.
Outperformed Peers in User Experience Assessment Ratings
In November 2022, 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.
Established 70% Certification Target for Standing Portfolio
We will certify an additional 8.1 million sq. ft. to LEED and/or BOMA by 2028, increasing our certification percentage from 27% to 70% across the portfolio.
REPORTS
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
Advance Notice Policy
Majority Voting Policy
Accessibility and Customer Service Policy
