NEW
GLASGOW, NS, Nov. 27,
2023 /CNW/ - Crombie Real Estate Investment Trust
("Crombie") (TSX: CRR.UN) announced today the publication of its
2022 Environmental, Social & Governance Report
at www.crombie.ca. This report provides an update on Crombie's
ESG initiatives and strategies, and highlights achievements and
priorities that reflect Crombie's commitment to long-term
sustainability.
"Throughout 2022, ESG was further embedded in the way we do
business to best serve our employees, tenants, and the communities
in which we operate. We strengthened our understanding of our
portfolio emissions and committed to reducing the greenhouse gas
intensity of our operations and supply chain to ensure a greener
tomorrow," said Mark Holly,
President and CEO. "In 2023, we have continued to make further
advancements in our ESG program with the creation of our
Climate Action Plan, the integration of ESG goals into Crombie's
business strategy, and the elevation of ESG leadership to Crombie's
Executive Committee, with Arie
Bitton, EVP Leasing & Operations, as executive
lead."
Highlights from Crombie's ESG Report include:
- Crombie was awarded a Green Star for excellence in both
Standing Investments and Development in its third year submitting
to GRESB. Crombie improved its Standing Investment benchmark and
Development benchmark scores by 45% and 25%, respectively.
- Leveraged the analysis completed in 2022 to make new
commitments within its Climate Action Plan that reduce Crombie's
Scope 1 and 2 greenhouse gas ("GHG") emissions by at least 50% by
2030, and its Scope 1, 2, and 3 GHG emissions by at least 90% by
2050.
- Reduced scope 1, 2, and 3 operational emissions by 32% from
2019 to 2021.
- Named one of Canada's Top
Employers in three categories: Small and Medium Employers, Atlantic
Canadian, and Nova Scotia Employers.
- Employees volunteered 6,000+ hours supporting over 40
charities, non-profits, and community initiatives across
Canada, increasing the impact in
communities Crombie serves.
- Enhanced its governance framework with ESG oversight
integrated into board and committee mandates.
"We're very proud of our team for their ongoing commitment to
our ESG priorities," said Arie Bitton, EVP Leasing &
Operations. "Much of the hard work completed in 2022 was recognized
in 2023, including validation and approval of our emission
reduction targets by the Science Based Targets initiative (SBTi),
and achieving BOMA BEST
certifications at Scotia Square Complex in Halifax, Nova Scotia (Platinum) and 1234 Main
Street in Moncton, New Brunswick
(Gold)."
About Crombie REIT
Crombie invests in real estate that enriches local communities
and enables long-term sustainable growth. As one of the country's
leading owners, operators, and developers of quality real estate,
Crombie's portfolio primarily includes grocery-anchored retail,
retail-related industrial, and mixed-used residential properties in
Canada's top urban and suburban
markets. As at September 30, 2023,
our portfolio contains 294 income-producing properties comprising
approximately 18.7 million square feet, and a significant pipeline
of future development projects. Learn more
at www.crombie.ca.
SOURCE Crombie REIT