Report highlights reduced environmental footprint, new industry certifications and communities and youth support
TORONTO—Cadillac Fairview has released its annual Corporate Responsibility Report, which outlines the company’s environmental performance as well as support for community organizations and youth-oriented initiatives. Prepared in accordance with the internationally recognized Global Reporting Initiative (GRI) standards, the report covers activities between September 1, 2016 and August 31, 2017.
Corporate responsibility reporting at Cadillac Fairview has evolved over the years, building upon the company’s leadership in environmental stewardship of its property portfolio to encompass health and safety, occupant wellness and recently, its targeted philanthropic investment in community programs and corporate partnerships focused on youth empowerment.
Cadillac Fairview’s environmental metrics cover energy and greenhouse gas management, water usage and solid waste diversion, with reduction strategies set by the company’s pioneering Green at Work sustainability program. Established in 2008, Green at Work has guided the company’s business practices across all 67 Cadillac Fairview properties, integrating sustainability into building operations and maintenance through specific targets and action plans. Highlights of Cadillac Fairview’s environmental performance for 2017 compared to 2016 include:
In Cadillac Fairview’s 2017 Global Real Estate Sustainability Benchmark (GRESB) submission, the company ranked first in its peer group and ranked first overall in North America for office and retail properties in the health and well-being module.
In 2017, Cadillac Fairview was also recognized among Canada’s Greenest Employers, 50 Most Engaged Workplaces, Interbrand’s 150 Iconic Canadian Brands, and Canada’s 10 Most Admired Corporate Cultures.
In the field of occupant wellness, 222 Bay Street within Cadillac Fairview’s Toronto-Dominion Centre became the first existing building in North America to receive the prestigious WELL Building Standard certification (Core + Shell Gold), which measures, monitors and certifies building features that impact people’s wellness.
Recognizing the connection between the neighbourhoods served by its properties and its own future growth, Cadillac Fairview continues to invest in the well-being of its local communities through several philanthropic initiatives which promote employee volunteerism as well as corporate partnerships which support health and social services organizations.
In 2017, Cadillac Fairview committed $1.85 million in funds across a range of initiatives, in addition to funds raised by the CF Run and CF Golf Classic, two longstanding annual signature events.
Consistent with Cadillac Fairview’s priority of empowering youth, the company entered the next phase of a multi-year partnership with WE in the spring of 2017, while also entering the second year of a four-year, $600,000 commitment to United Way’s Youth Success Strategy, which helps young people find sustainable employment.