NEW
GLASGOW, NS, June 26,
2024 /CNW/ - Crombie Real Estate Investment Trust
("Crombie") (TSX: CRR.UN) announced today the release of its 2023
Environmental, Social & Governance ("ESG") Report which
provides an overview of Crombie's ESG initiatives and strategies,
highlighting progress and achievements across key priorities.
"Crombie's portfolio spans from coast to coast in the heart of
vibrant towns, expanding cities, and major urban centres, and our
team is committed to enriching these communities across
Canada through sound environmental
practices, social responsibility, and strong corporate governance,"
said Mark Holly, President and CEO.
"In 2023, we further embedded ESG priorities into our strategy and
culture, strengthened our ESG commitments, and made significant
advancements in this important program."
Key highlights from Crombie's 2023 ESG Report include:
- Climate Action Plan ("CAP") validated and approved by the
Science Based Targets initiative ("SBTi").
- Reduced operational greenhouse gas ("GHG") emissions by 32%
from our 2019 baseline.
- Improved GRESB scores, resulting in Green Star designations and
year-over-year improvements of 45% and 25% in Standing Investments
and Development Assessments, respectively.
- Named a 2023 Green Lease Leader, receiving Gold Level by the
Institute for Market Transformation and the U.S. Department of
Energy's Better Buildings Initiative.
- Achieved 55% increase in building certifications and awarded
BOMA BEST Platinum certification for Scotia Square.
- Crombie's active major development, The Marlstone, is being
built to LEED Gold standards and to a Rick Hansen Foundation
Accessibility Certification (RHFAC).
- Named one of Canada's Top
Employers in three categories: Small and Medium Employers, Atlantic
Canadian, and Nova Scotia Employers.
- Created a new Community Impact Strategy centred on two pillars,
People and Planet.
- Implemented term limits and Retirement Policy for Board of
Trustees.
- Conducted physical climate risk assessment of our portfolio to
inform our approach to climate risk mitigation.
"In 2023, our Climate Action Plan, built upon reliable data and
science-based standards, was validated by SBTi," said Arie
Bitton, EVP Leasing & Operations. "We are proud of this
achievement and the work we are doing to reduce our emissions that
has resulted in a 32% reduction in scope 1, 2, and 3 operational
emissions from our 2019 baseline."
Crombie's 2023 ESG Report can be found at
https://www.crombie.ca/esg/.
About Crombie REIT
Crombie invests in real estate with a vision of enriching
communities together by building spaces and value today that leave
a positive impact on tomorrow. As one of the country's leading
owners, operators, and developers of quality real estate assets,
Crombie's portfolio primarily includes grocery-anchored retail,
retail-related industrial, and mixed-use residential properties. As
at March 31, 2024, our portfolio
contains 304 properties comprising approximately 19.2 million
square feet, inclusive of joint ventures at Crombie's share, and a
significant pipeline of future development projects. Learn more
at www.crombie.ca.
SOURCE Crombie REIT