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CORPORATE SOCIAL RESPONSIBILITY
GREEN BUILDING CERTIFICATIONS
The growth of GWL Realty Advisors’ sustainability practice and its commitment to environmental stewardship is fundamental in how the Company manages its business. During the year, GWL Realty Advisors continued to work with its clients, tenants and residents to reduce the environmental footprint of the buildings under its management.
In 2013, GWL Realty Advisors planned for the launch of a national water benchmarking and conservation program for its office properties.
The five-year program, set to launch in early 2014, will further demonstrate the Company’s sustained commitment to the responsible stewardship of this natural resource, while reducing operating costs and managing growing risks in this area. The program is intended to continue to advance the Company’s understanding of the water usage of each property, set usage targets, identify reduction opportunities and implement effective conservation strategies.
“Like energy management, water benchmarking and conservation strategies are quickly becoming the focus of those companies committed to corporate social responsibility and responsible property investing.”
Paul Finkbeiner, President, GWL Realty Advisors
GREEN BUILDING CERTIFICATIONS
During 2013, the Company continued to pursue its objective of securing environmental certifications such as BOMA BESt and LEED® for properties under its management.
Since 2010, there has been a steady increase in the number of BOMA BESt certifications across all regions and asset classes. By working closely with owners, tenants and residents, the Company closed 2013 with 74% of the eligible buildings in its managed portfolio having secured BOMA BESt certification. Another 49 buildings were in active pursuit of BOMA BESt certification.
The Company also focused efforts on pursuing LEED® certifications. By the end of the year, three buildings under management had received LEED® gold certification while another 14 buildings were in pursuit of the certification.
ENHANCING PERFORMANCE DATA
As our clients have become ever more sophisticated in their own sustainability practices, so too has their reliance on our ability to deliver more advanced data,
analytics and advice.
In 2013, the sustainability team focused on developing and implementing management practices that resulted in the growing delivery of greater quantities of high-quality, timely and relevant data. This data has expanded the Company’s already robust database of sustainability information that among other things is used to inform capital expenditure decisions.
SUSTAINABILITY RESULTS AT A GLANCE
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In December 2013, the environmental performance of PwC Tower at Southcore Financial Centre in Toronto, ON, was recognized with a Toronto Civic Action’s Race to Reduce Building Performance Award for lowest energy use in the 500,000 to 1,000,000 square foot category.
WESTMOUNT CORPORATE CAMPUS
As an organization, GWL Realty Advisors continued to make a lasting social impact by inspiring positive change in the communities where employees
live and work.
In partnership with the Great-West Life Assurance Company, GWL Realty Advisors continued its support of charitable causes which included its support of Habitat for Humanity. With the support received from the Company’s network of real estate suppliers, contractors and brokers, during 2013, regional offices in Toronto, Ottawa and Halifax volunteered 540 hours over nine build days. In Toronto, 2013 marked the completion of the Company’s tenth house.
In Toronto, Staff took part in several build days at the Acme Crescent build site.
In August, 2013, Vertica Resident Services hosted a fun-filled picnic in Withrow Park for residents of Interval House in Toronto, ON. Vertica Resident Services is a
wholly-owned subsidiary of GWL Realty Advisors.
Throughout the year and across the Company, employees were involved in a wide range of charitable activities. These varied and inspiring charities include Covenant House, Interval House, Juvenile Diabetes Research Foundation, Prostate Cancer Foundation, Ronald McDonald House, The Credit Valley Hospital Foundation and The Hospital for Sick Children Foundation.
Toronto (Corporate Office)
330 University Avenue, Suite 300
Toronto, ON M5G 1R8
Main Line: (416) 552-5959
Main Fax: (416) 552-5111