Mission
We live our values and empower our people to deliver sustainable premium risk weighted returns
Vision
To be Canada’s most respected real estate investor
2014
- Hired first full-time employee dedicated to ESG
- Implemented building management programs
- Launched the KingSett Sustainability Excellence Awards
2015
- Published first ESG Report
- Completed our inaugural GRESB submission
- Set first round of ESG performance targets across the Portfolio
- Launched the KingSett Leadership Development Program
2016 - 2018
- Executed the Portfolio-wide LED retrofit program
- Expanded the Employee Medcan Program
- Set reduction targets for the first time across the Portfolio
- Achieved 5 Stars for GRESB submission
2019
- Set new ESG targets
- Expanded the Innovation Award amount to $50,000
- Launched Smart Building Technology Strategy
- Conducted third-party Employee Engagement survey
2020
- Achieved the largest Zero Carbon Building Certification in Canada with Scotia Plaza's 40 King St W
- Achieved GRESB Sector Leader Recognition in North America
- Launched EDI Policy and incorporated mandatory training for all employees
2021
- Achieved Global Sector Leader Recognition in GRESB
- Launched interactive ESG website
- Developed decarbonization strategies for 40% of the CREIF Portfolio
- Conducted EDI survey
Sustainable Development Goals
Our Strategy positions us to contribute to the UN Sustainable Development Goals (SDGs) most relevant to our business.
Doing so gives us the opportunity to positively impact the broader environments and communities in which we do business and enhance and strengthen our impact wherever possible.
KingSett is committed to reducing energy use across our assets and helping the industry develop cleaner sources of energy
Our Commitments
- Investigate opportunities for direct investment in renewable energy
- Enhance energy efficiency through deep retrofits
KingSett strives for equity for all, to make our society and business more successful and works diligently to leverage our resources to create a safe and inclusive workplace
Our Commitments
- Advance growth of KingSett's Affordable Housing Fund
- Empower and promote diversity in our company and our industry
KingSett is committed to creating more sustainable, accessible and environmentally friendly buildings and communities for all
Our Commitments
- Develop and retrofit our properties to ensure inclusive and sustainable urbanization
- Improve the quality of air within our assets and minimize emissions
KingSett seeks to reduce the material consumption at our assets through the conscientious use of finite resources and minimizing waste generation
Our Commitments
- Purchase environmentally friendly products with cradle-to-cradle capabilities and lower embodied carbon
- Reduce all forms of waste generated by our assets
KingSett is committed to reducing our carbon emissions and strengthening the resilience of our assets
Our Commitments
- Assess and enhance the resilience and adaptive capacity of our assets to climate-related hazards
- Expand and execute decarbonization strategies across the business
Materiality Assessment
2021 marks the end of our second round of key performance indicators (KPIs). We set aggressive targets to challenge ourselves and have been recognized as ESG leaders as a result.
Environmental
75%
achieved
Missed Targets:
- Waste Diversion: 54% (target 61%)
- Office Certified to LEED Gold: 70% (target 80%)
- Flood Resilience Plans: 89% (target 100%)
We will continue to set aggressive environmental targets across the Portfolio and corporately
Social
75%
achieved
Missed Target:
- Community Engagement Program: 85% (target 100%)
As a result of the pandemic, some community engagement programs and events were cancelled
Governance
100%
achieved
We are in the process of of setting our new KPI targets. These will continue to accelerate our ESG program, build value and deliver results.
Environmental
- Adopt SBTi Methodology for Energy and Emissions
- Improve Energy Efficiency
- Execute Phase 1 of Decarbonization Strategy
- Execute Phase 2 and 3 of Decarbonization Strategy
- Reduce Waste Output
- Reduce Water Consumption
- Achieve Third-Party Building Certifications
- Track Environmental Performance of Non-Core Funds
Social
- Provide ESG Training to All Employees
- Implement Tenant Engagement App
- Improve Tenant Well-Being and Satisfaction
- Maintain Satisfaction Score from Employee Engagement Survey
- Improve EDI Survey Score
Governance
- Maintain GRESB 5 Stars
- Achieve and Maintain PRI Signatory Status
- Publish a Responsible Investing Policy
- Implement Extreme Weather/Flood Resilience Plans
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