/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISTRIBUTION IN THE UNITED
STATES./
All financial information is presented in U.S.
dollars unless otherwise indicated.
TORONTO, Jan. 28, 2020 /CNW/ - Tricon Capital Group Inc.
("Tricon" or the "Company", TSX: TCN) announced today that it has
published its Environmental Social and Governance ("ESG")
roadmap.
The ESG roadmap formalizes Tricon's approach to ESG and
highlights its strong commitment to five strategic priorities:
- Our People: Engage, support and enrich the lives of our
employees so they can thrive. We recognize that creating a strong
and healthy culture is an ongoing journey that must be firmly
rooted in the concept of continuous improvement.
- Our Residents: Build meaningful communities where people can
connect, grow and prosper. We simplify our residents' lives through
technology; we build community through resident events and
engagement; and we assist those who have fallen on hard times
through our Residential Hardship Fund.
- Our Innovation: Leverage innovative technologies and housing
solutions to drive convenience, connectivity and affordability. Our
core service offerings are guided by two key desired outcomes:
delivering superior service that creates exceptional resident
experiences and developing offerings that enhance the lives of our
residents while addressing their housing needs.
- Our Impact: Embrace smarter ways to reduce the environmental
impact of our buildings by minimizing both our resource consumption
and our carbon footprint. We are dedicated to ensuring our
developments are built to LEED standards and we protect wildlife
and biodiversity by creating parks, green spaces and natural
ecosystems.
- Our Governance: We proactively understand and manage the risks
to our business, while acting in a manner that exemplifies our
commitment to ethics, integrity, trust and transparency. The growth
we have experienced over the past three decades is largely due to
long-term partnerships with some of the world's largest pension
plans, sovereign wealth funds, endowments and institutional
investors. These are built on trust, alignment and governance. We
are also committed to promoting diversity and gender balance on our
board and on our management team to foster a culture of innovation
and inclusion.
Over the years, Tricon has placed significant emphasis on these
ESG priorities which have steered the Company's decision-making.
The ESG roadmap will guide the Company's ESG initiatives over the
next three years and will provide a framework for robust data
collection and reporting on Tricon's ongoing progress and
performance.
"The priorities outlined in our ESG roadmap have been the
cornerstone of our success for the past 31 years," said
Gary Berman, Tricon's President and
CEO. "In designing our ESG framework, instead of simply checking
the boxes, we created a roadmap that reflects our culture and core
strengths and identifies factors we can use to truly differentiate
ourselves. At Tricon, we believe that people are our most
important asset. We make it our top priority to foster a culture of
diversity, inclusiveness and service so that our team, in turn, can
enrich the lives of our residents and stakeholders. "Environmental"
and "governance" factors are extremely important to us but
what sets us apart are "social" factors. Our priorities and
goals are centered around our employees, our residents and a desire
to innovate. As a provider of quality rental housing, we are
committed to creating environments that contribute to the
well-being of our residents and the broader community so that
people can connect, grow and prosper."
The ESG roadmap is available on our website at
www.triconcapital.com/investor-information and on SEDAR at
www.sedar.com.
About Tricon Capital Group Inc.
Tricon is a residential real estate company primarily focused on
rental housing in North America,
with approximately $7.9 billion
(C$10.5 billion) of assets under
management. Tricon invests in a portfolio of single-family rental
homes, multi-family rental apartments and for-sale housing assets,
and manages third-party capital in connection with its investments.
Since its inception in 1988, Tricon has invested in real estate and
development projects valued at approximately $22 billion. More information about Tricon is
available at www.triconcapital.com.
This news release may contain forward-looking statements
relating to expected future events and financial and operating
results and projections of the Company. Such forward-looking
information and statements involve risks and uncertainties and are
based on management's current expectations, intentions and
assumptions in light of its understanding of relevant current
market conditions, investee business plans, and the Company's
prospects. If unknown risks arise, or if any of the assumptions
underlying the forward-looking statements prove incorrect, actual
results may differ materially from management expectations as
projected in such forward-looking statements. Examples of such
risks are described in the Company's continuous disclosure
materials from time to time, available on SEDAR at www.sedar.com.
Accordingly, although the Company believes that its anticipated
future results, performance or achievements expressed or implied by
the forward-looking statements and information are based upon
reasonable assumptions and expectations, the reader should not
place undue reliance on forward-looking statements and information.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by
applicable law.
SOURCE Tricon Capital Group Inc.