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, operations, 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:
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.
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.
IMPROVED PUBLIC DISCLOSURE SCORE AND ACHIEVED A 16-POINT INCREASE IN SURVEY SCORE COMPARED TO PRIOR YEAR
ENVIRONMENTAL MANAGEMENT SYSTEM AND UTILITY DATA MANAGEMENT SYSTEM ALIGNED TO ISO 14001
OF OUR TOP 20 TENANTS IN MAJOR MARKETS WOULD RECOMMEND RIOCAN BASED ON OUR FIRST EVER TENANT ENGAGEMENT SURVEY
GREENHOUSE GAS (GHG) EMISSIONS VERIFICATION MATERIALLY CORRECT IN ACCORDANCE WITH ISO 14064-1
OF MANAGEMENT ARE FEMALE
DONATION TO HABITAT FOR HUMANITY AND APPROXIMATELY 140 EMPLOYEES VOLUNTEERED THEIR TIME IN BUILD DAYS
OF OPERATIONS SPENDING IS FROM CANADIAN SUPPLIERS
26 PROPERTIES CERTIFIED, AS OF DECEMBER 31, 2018
SUSTAINABILITY POLICIES COMMUNITY, EMPLOYEE VOLUNTEERING, PROCUREMENT AND BUSINESS ETHICS
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:
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:
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
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.