Allied Releases Environmental, Social and Governance Report
June 26 2023 - 7:25AM
Allied Properties Real Estate Investment Trust (“Allied”)
(TSX:AP.UN) today announced that it has published its 2022
Environmental, Social and Governance (ESG) Report. Allied’s 2022
performance continued to exceed its 2024 reduction targets for
Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and
Water Use Intensity (WUI). As part of advancing its Net Zero Carbon
Plan, Allied established an internal shadow price of carbon to
quantify the financial impact of carbon to its business and support
decision-making. To improve its operational performance, Allied has
also made a commitment to certify 70% of its standing portfolio to
LEED and/or BOMA by 2028.
Allied’s 2022 ESG Report is aligned with (i) the Global
Reporting Initiative (GRI), (ii) the Sustainability Accounting
Standards Board (SASB) Real Estate Standard, (iii) the Task Force
on Climate-related Financial Disclosures (TCFD) recommendations and
(iv) the United Nations Sustainable Development Goals. Allied’s
Board and Management are committed to making its inherent approach
to ESG more manifest, deliberate and measurable. They have always
believed that submitting to informed scrutiny will make Allied a
better business, and formally submitting to ESG scrutiny is no
exception in this regard. Read Allied’s 2022 Annual ESG Report at
www.alliedreit.com.
ABOUT ALLIED
Allied is a leading owner-operator of distinctive urban
workspace in Canada’s major cities. Allied’s mission is to provide
knowledge-based organizations with workspace that is sustainable
and conducive to human wellness, creativity, connectivity and
diversity. Allied’s vision is to make a continuous contribution to
cities and culture that elevates and inspires the humanity in all
people.
FOR FURTHER
INFORMATION, PLEASE
CONTACT:
CECILIA
C.
WILLIAMSPresident & Chief
Executive Officer(416)
977-9002cwilliams@alliedreit.com
NANTHINI
MAHALINGAMSenior Vice President
& Chief Financial Officer(416)
977-9002nmahalingam@alliedreit.com
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