TORONTO — Cadillac Fairview (CF) has announced it has been ranked first among similar North American firms in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Survey of ESG programs.
For second consecutive year, CF ranked first in the Northern America Diversified Office/Retail Non-listed category. CF was also named a regional sector leader (Americas Diversified Office Retail), which recognizes the best performers by sector, region and nature of ownership from across the GRESB assessments.
The GRESB is a global standard for assessing ESG performance in real estate, stated a release. The rankings assess building performance and best practices for ESG management, such as policy, risk management, stakeholder engagement, implementation and measurement. The 2022 real estate benchmark covers more than 1,500 property companies, real estate investment trusts, funds and developers.
“This achievement is a testament to CF’s passion and commitment to sustainability. As the owner and operator of some of Canada’s largest office complexes and shopping centres, we hold ourselves accountable to actionable and measurable targets every day, so that we can mitigate our impact on climate change and enable a sustainable future,” stated John Sullivan, president and CEO of Cadillac Fairview, in a statement.
CF ESG programs include its Climate Action and Resource Protection targets; an energy-smart analytics program and training; solar panel installation at CF Chinook Centre; Canada’s first geo-exchange retrofit at 777 Dunsmuir; and the introduction of low-waste dining halls.
The company is striving to achieve net-zero across its real estate portfolio.
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