Morguard maintains its commitment to reduce
environmental impacts and support communities where we live and
work.
MISSISSAUGA, ON, May 9, 2024
/CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today released
its 2023 ESG Report prepared in accordance with the Global
Reporting Initiative's Universal Standard. The report details our
ongoing environmental, social and governance ("ESG") performance
for owned and managed real estate assets, including commercial and
multi suite residential, in Canada
and the U.S. Throughout 2023, Morguard maintained its position as a
sector leader in ESG practices, and purpose-driven performance is a
top priority. To view the full 2023 ESG Report, visit
morguard.com/sustainability.
"Morguard remains dedicated to exploring sustainable real estate
management, striving to make a meaningful impact in the communities
we serve with achievable yet ambitious ESG goals," said K.
Rai Sahi, Chairman and CEO,
Morguard. "We will continue to leverage our past successes and
adapt our strategies to enhance both impact and performance."
Key highlights from the Morguard 2023 ESG Report include:
- Across Morguard's office and retail portfolio, there was a
reduction in energy usage by 12.1%, GHG emissions by 18.1%, water
consumption by 18.3%, and waste generation by 28.7% compared to our
2019 baseline.
- Morguard managed 99 buildings certified through the BOMA Best®
program, achieved LEED certifications for 17 buildings, and
received ENERGY STAR® certification for 11 office properties.
- Morguard's OnePlanet National Retail Initiative launched four
socially responsible partnerships aimed at promoting plastic and
battery recycling, textile diversion, and raising awareness amongst
young people about environmental protection.
- Morguard enhanced ESG planning and reporting in annual property
business plans.
"As we continue our journey toward enhanced ESG performance and
a sustainable future, we re-affirm our commitment to sustainable
practices," said Beverley G. Flynn,
Senior Vice President responsible for Legal, Risk and ESG. "We are
grateful to our team, whose efforts have propelled our ESG
performance forward. We will continuously reflect, renew, and
innovate to enhance our sustainability."
About Morguard
Corporation
Morguard Corporation is a major North American real estate and
property management company. It has extensive retail, office,
industrial, and residential holdings owned directly and through its
investment in Morguard Real Estate Investment Trust and Morguard
North American Residential REIT. Morguard also provides real estate
management services to institutional and other investors.
Morguard's owned and managed portfolio of assets is valued at
$17.8 billion.
Please visit www.morguard.com or follow us
on LinkedIn.
SOURCE Morguard Corporation