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Our Goal: Be Among Leaders in Embedding Sustainability Practices

RioCan was proud to publish our inaugural Sustainability Report in May 2019. Publishing our first sustainability report is a major milestone in RioCan’s journey to embed sustainability across all aspects of our business, including developments, opera tions, investment activities and corporate functions. We have worked hard to formalize the sustainability commitments set out in our Sustainability Policy. Our multiyear plan outlines strategies to action these commitments and focuses on improving our sustainability performance year-over-year.

We know embedding sustainability improves business value because it:

  • Aligns with our business strategy to own and operate attractive assets in Canada’s major markets;
  • Helps us build for future market expectations, regulatory requirements, and technology opportunities
  • Benefits our communities

As a large Canadian REIT, RioCan strives to lead the industry in having conversations about more sustainable options in the communities where we operate – conversations with all our stakeholders, including customers, tenants, employees, co-owners, investors, planners, regulators, and suppliers.

For more information, please review RioCan’s Sustainability Report and Supplements below.

RioCan’s Long Term Sustainability Goals

RioCan’s sustainability strategy includes setting long-term goals* on topics such as resource efficiency (energy, water and waste) and GHG emissions, representing key sustainability issues and opportunities our industry faces. These topics have an impact on our business and communities in which we operate. RioCan has set long-term targets of reducing energy use by 13%, GHG emissions by 15%, water consumption by 10%, and improving waste diversion rate to 60% by 2030.

*Targets apply to select RioCan properties.

Sustainability at a Glance

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+16 GRESB

IMPROVED PUBLIC DISCLOSURE SCORE AND ACHIEVED A 16-POINT INCREASE IN SURVEY SCORE COMPARED TO PRIOR YEAR

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ISO ALIGNED

ENVIRONMENTAL MANAGEMENT SYSTEM AND UTILITY DATA MANAGEMENT SYSTEM ALIGNED TO ISO 14001

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77%

OF OUR TOP 20 TENANTS IN MAJOR MARKETS WOULD RECOMMEND RIOCAN BASED ON OUR FIRST EVER TENANT ENGAGEMENT SURVEY

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GHG VERIFIED

GREENHOUSE GAS (GHG) EMISSIONS VERIFICATION MATERIALLY CORRECT IN ACCORDANCE WITH ISO 14064-1

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41%

OF MANAGEMENT ARE FEMALE

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$100,000

DONATION TO HABITAT FOR HUMANITY AND APPROXIMATELY 140 EMPLOYEES VOLUNTEERED THEIR TIME IN BUILD DAYS

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99%

OF OPERATIONS SPENDING IS FROM CANADIAN SUPPLIERS

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BOMA BEST

26 PROPERTIES CERTIFIED, AS OF DECEMBER 31, 2018

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POLICIES

SUSTAINABILITY POLICIES COMMUNITY, EMPLOYEE VOLUNTEERING, PROCUREMENT AND BUSINESS ETHICS

Our platform for Sustainability Focuses on Three Areas:

People

Our people are the driving force of our business: tenants, partners, employees and investors. Starting with a safe place to live, work and shop at, we conduct business with integrity and transparency and strive to create mutually beneficial partnerships with our stakeholder groups.

Examples of our commitments to people include:

 

  • Engaging with our tenants, partners, employees and investors regularly to evaluate and evolve sustainability initiatives
  • Striving for diversity so that our management teams and employee base reflect the diverse communities in which we operate
  • Using sustainability as a platform for employee development, engagement programs and recruitment
  • Collaborating and cooperating with tenants to adhere to joint sustainability goals
  • Educating our stakeholders on how sustainability creates value to the company
  • Engaging our partners in contributing towards our sustainability goals from the onset

Community

We are established pillars of our communities, and as such, our community leadership practices have been created based on our history of investing, operating and developing within each of our communities. RioCan strives to make each of our centres a safe and integral part of the local environment with appropriate lighting in parking lots, presenting a clean and safe space that is accommodating to all staff.

Community leadership builds on our history of investing in the communities where we operate and develop.

 

Examples of our community commitments include:

 

  • Acting as community stewards by proactively building relationships with while contributing to the communities in which we operate
  • Supporting our Developments, Construction, Operations, Asset Management and Investment teams to create healthy, resource-efficient and durable buildings by having clear guidelines on sustainability
  • Continuing to give back to our communities by investing in community initiatives that align with our values and sustainability priorities

Environment

Environmental sustainability is an integral component of our overall vision for the future. Our leadership aims to minimize the environmental impacts of our properties and developments to ensure a sustainable and clean environment for future generations.

Environmental leadership strives to minimize the environmental impacts of our properties and developments.

 

Examples of our environmental commitments include:

 

  • Supporting our properties in embedding sustainable practices by providing standards, guidelines and training

  • Investing in programs and equipment that enhance energy and water efficiency, indoor air quality and minimize waste to landfill

  • Examining the viability of implementing renewable energy at new developments

  • Protecting and enhancing the natural environment, where feasible

Download the report (76 KB)

As part of our pledge for continuous improvement, we have committed to participating in the Global Real Estate Sustainability Benchmark (GRESB) survey.

Proud Supporters of:

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Executive Responsibility & Sustainability Steering Committee

We have a Sustainability Steering Committee comprised of cross functional Executive and Leadership team members to oversee our sustainability strategy implementation and to drive performance improvements. Steering Committee members sponsor and provide guidance on sustainability initiatives within the organization and enable performance measurement. In addition, we have dedicated environmental and sustainability resources to manage day-to-day sustainability strategy implementation.

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