"REALpac is pleased with the efforts of those Canadian real estate companies cited in the report as being strong ESG performers. As an Association, REALpac is making great efforts to lead the industry and move it up the ESG curve. We believe this study helps to inform Canadian commercial real estate organizations of the areas in which they can improve and demonstrates the importance of working to actively incorporate positive ESG practices into an organization's business model," said Michael Brooks, REALpac's Chief Executive Officer.
The report found that although Canadian companies showed relatively high performance in the areas of business ethics, labour practices, and health and safety, they lag behind on environmental and disclosure issues. The authors recommend that the real estate sector as a whole incorporate information gathering from stakeholders and best practices, an integrated corporate responsibility and sustainability policy, implementation of sustainability strategies and tactics, and communications planning to keep stakeholders informed about initiatives and achievements.
"Stakeholders, including governments, tenants and investors, are putting increasing pressure on companies to adopt green initiatives. This is about more than just the bottom line. This is a movement toward corporate responsibility and sustainability having a concrete impact on the real estate industry," said Simon MacMahon, Director of Sustainability Services at Jantzi-Sustainalytics and author of the report.
The report is now available as a free download from REALpac's website, www.realpac.ca.
Add this page to your favorite Social Bookmarking websites
| < Prev | Next > |
|---|
Comments