NEW
GLASGOW, NS, June 16,
2022 /CNW/ - Crombie Real Estate Investment Trust
("Crombie") (TSX: CRR.UN) announced today the publication of its
2021 Sustainability Report at www.crombie.ca. This report provides
an update on Crombie's sustainability initiatives and long-term
strategies. Crombie is committed to measuring baseline performance
through the use of industry-leading software and will hold itself
accountable by submitting to GRESB on an annual basis. The report
highlights commitments that reflect its long-standing values.
"We are pleased to publish our 2021 Sustainability Report. At
Crombie, we strive to improve communities for the benefit of future
generations, not just our own. We know that our investments today
must enable a better tomorrow, and our goal is to create value by
developing and operating properties in a way that enhances local
communities and protects the environment." said Don Clow, President and CEO. "In 2021, we
brought new focus and energy to our sustainability program and
advanced a number of environmental, social, and governance
priorities."
Highlights from Crombie's 2021 Sustainability Report
include:
- A 48% average waste diversion rate across the portfolio in
2021.
- Ecopilot® savings at Scotia Square in Halifax, Nova Scotia (since installation in
2019):
-
- 19% HVAC energy savings
- 17% HVAC costs saving
- 1,215 metric tonnes of CO2e reduction
- A commitment to expanding our BOMA
BEST certification program by beginning the process of
certifying our open-air retail portfolio.
- A formalized Sustainable Development Policy.
- 26% of new hires in 2021 were diverse candidates.
- 33% of Crombie's Board of Trustees are female trustees.
- A voluntary employee turnover rate of 11% (which remains low
compared to industry standards).
Along with the work that has been completed and the principles
that have been embedded in our corporate culture, Crombie has made
our sustainability journey a priority by enhancing our
environmental leadership structure. Earlier this year, Dan Bourque, who was previously Crombie's
Director of Operations, was appointed to Vice President,
Sustainability. In addition to Dan's years of experience in our
business, Dan currently serves as BOMA Nova Scotia's Past
President, and as a Director on BOMA Canada's Board of
Directors.
About Crombie
Crombie Real Estate Investment Trust ("Crombie") invests in real
estate that enriches local communities and enables long-term
sustainable growth. As one of the country's leading owners,
operators, and developers of quality real estate, Crombie's
portfolio primarily includes grocery-anchored retail,
retail-related industrial, and mixed-used residential properties in
Canada's top urban and suburban
markets. As at March 31, 2022, our
portfolio contains 294 income-producing properties comprising
approximately 18.5 million square feet, and a significant pipeline
of future development projects. Learn more at www.crombie.ca.
SOURCE Crombie REIT