Allied Publishes Second Annual ESG Report
October 15 2021 - 7:45AM
Allied Properties Real Estate Investment Trust ("Allied")
(TSX:AP.UN) today announced it has published its second annual
Environmental, Social and Governance (ESG) Report.
In 2018, Allied made a commitment to submit
formally to independent ESG scrutiny by 2020. The most important
single step in that regard was to obtain a GRESB Real Estate
Assessment and to provide an ESG Report, which Allied did in
November and December of last year. Allied’s GRESB score was 64,
recognized as a “strong first-year showing”. In addition to
strengths, the assessment identified clear opportunities for
improvement in Allied’s ESG practices and disclosure.
Allied’s second annual GRESB score was 80,
representing material progress in multiple areas over the initial
assessment. Over the course of 2021, Allied also completed its
first formal ESG Strategy, which set goals and targets for Allied’s
ESG priorities. Allied also aligned its Second Annual ESG Report
with (i) the Global Reporting Initiative (GRI) and (ii) the
Sustainability Accounting Standards Board (SASB) Real Estate
Standard. Allied’s Third Annual ESG Report, scheduled for release
in mid-2022, will also outline Allied’s progress in adopting the
Task Force on Climate-related Financial Disclosures (TCFD)
recommendations.
Allied’s Board and Management are committed to
making Allied’s approach to ESG more manifest, deliberate and
measurable. Allied has always believed that submitting to informed
scrutiny will make it a better and more successful business, and
formally submitting to ESG scrutiny is no exception in this
regard.
Read Allied’s Second Annual ESG Report at
www.alliedreit.com.
About Allied
Allied is a leading owner, manager and developer
of (i) distinctive urban workspace in Canada’s major cities and
(ii) network-dense urban data centres in Toronto that form Canada’s
hub for global connectivity. Allied’s business is providing
knowledge-based organizations with distinctive urban environments
for creativity and connectivity.
For more information, please
contact:
Michael Emory, President & CEO (416)
977-0643 memory@alliedreit.com
Cecilia Williams, Executive Vice President &
CFO(416) 977-9002cwilliams@alliedreit.com
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