What Sustainability Means to Us
As a leading real estate advisor, we are focused on:
- Evolving our sustainability platform to meet the demand for smarter, climate-resilient, more sustainable and healthier buildings for our tenants and residents
- Actively engaging our suppliers to encourage the use of sustainable products and services in the operation and development of our assets under management
- Reducing the energy and carbon footprint of our clients’ portfolios to support the transition towards a low-carbon economy
Driving Performance, Managing Risk
While our properties continued to face challenging COVID-related operating conditions throughout much of 2021, our property and asset management teams maintained a sharp focus on delivering operational performance and ensuring healthy and safe environments for our tenants and residents.
Our office portfolio also continued its participation in GWLRA’s Sustainability Benchmarking and Conservation Program (SBCP), where teams set and drive toward five-year (2019–2023) reduction targets for energy, water, waste and GHG emissions. Teams are currently on track to meet or exceed the overall five-year reduction target and will look to evolve their emission targets to be in line with GWLRA’s net-zero commitment by the end of the SBCP next year.
Learn more about what we’re doing to Minimize our environmental footprint.
2022 Performance Highlights
Strategic Sustainability Priorities
Our collective focus on four priorities related to our environmental, social and governance (ESG) performance positions us to deliver strong, long-term returns for our clients and contribute to local and global goals for a better and more sustainable future. Cross-cutting all these priorities is our recent commitment to move towards net-zero greenhouse gas (GHG) emissions by 2050 for our managed assets.
Minimize our environmental footprint
Responsible investing—which integrates the consideration of ESG issues into the investment process, alongside traditional financial analysis—is an important practice at GWLRA.
We asked individuals from key functions within our organization to help us define high-priority sustainability issues that could have a significant impact on our business and are of greatest interest to our stakeholders.
Insights are derived from ongoing stakeholder engagement as well as reviews of peer sustainability reports, our own business performance and general and sector-specific sustainability standards. GWLRA Annual Review references the Global Reporting Initiative (GRI) Universal and Topic Standards (2021), the GRI-G4 Construction and Real Estate Sector Supplement (CRESS), and the Global Real Estate Sustainability Benchmark (GRESB).
Priority topics inform our strategic business objectives and are discussed in our public performance reporting.