ESG Mission
We are committed to investing in sustainable and innovative solutions that enhance communities, mitigate risk and reduce environmental impact.
KingSett Capital 2020 ESG Report
Accelerating Impact. Building a Sustainable Future.
Corporate Stats
Founded in 2002, KingSett is Canada’s leading private equity real estate investment firm headquartered in Toronto, building investment solutions for Canadian real estate investors.
125
Employees and growing (Corporate offices in Toronto, Vancouver and Montreal)
$15.4B
Assets Under Management (AUM) (CREIF AUM $8.4B)
19M+
Square feet (SF) of Gross Leasable Area (GLA). CREIF comprises 11M SF and over 6,500 residential units
6
Asset classes
$6.7B
of transactions in 2020
$800M
of equity raised in 2020 for future investments
ESG Scorecard
In 2020, we continued to achieve success across our key performance indicators (KPIs), always striving to be seen as ESG leaders in the Canadian real estate market.
Environmental
Governance
| Target Year | Target Objective | Status | SDG ALIGNMENT | |
|---|---|---|---|---|
| Conduct Energy Assessments** | 2021 | 100% | 93% |  |
| Reduce Energy Consumption* | 2021 | -8% | Achieved | |
| Conduct Water Assessments** | 2021 | 90% | Achieved | |
| Reduce Water Consumption* | 2021 | -4% | Achieved | |
| Set Portfolio Carbon Emissions Targets | 2021 | Y | Achieved |  |
| Conduct Indoor Air Quality (IAQ) Assessments** | 2021 | 100% | 93% |  |
| Conduct Waste Assessments** | 2021 | 90% | Achieved |  |
| Improve Waste Diversion* | 2021 | 61% | 57% | |
| Achieve Third-party Building Certifications | 2021 | 95% | 91% |  |
| Office Properties Certified to LEED Gold or Higher | 2021 | 80% | 63% | |
| Implement Extreme Weather/Flood Resilience Plans | 2021 | 100% | 89% | |
| Conduct Risk Evaluations | 2021 | 100% | Achieved | |
Northview residential assets are excluded from all Scorecard KPIs.
*Only includes office, retail, and multi-residential assets that were fully operational and have no major renovation or development work in progress. Target baseline year is 2017.
**Excludes industrial assets.
Materiality Assessment
In 2020, KingSett conducted extensive internal and external stakeholder consultations to understand what ESG topics matter most to our stakeholders and to ensure our ESG efforts were aligned with our partners, customers and employees.
These discussions were to ensure strong alignment between KingSett and our stakeholders, and address identified gaps. The results of 15 separate interviews and 93 surveys provide a roadmap for how we continue to drive value and improve asset and Portfolio performance.
We received positive feedback across the stakeholder groups that KingSett is seen as an ESG leader. Our stakeholders are proud to call KingSett their partner and are eager to learn from what we have done and work together to meet our shared ESG objectives. While all the 23 ESG topics identified were deemed important, the 20 topics identified as a strategic and core in the materiality matrix form the basis of this report. We will continue to focus our efforts on all ESG topics as well as on new and emerging trends to unlock value and improve the resilience of our assets.
Sustainable development goals
In 2015, the United Nations adopted the Sustainable Development Goals (SDGs), a set of 17 goals that act as a blueprint for peace and prosperity for people and the planet. The SDGs established 2030 targets to address global challenges such as climate change, economic inequality, innovation, peace and justice, and sustainable consumption.
Through our business activities, we are committed to actively and positively contributing to the following SDGs. Our performance against these SDGs is highlighted throughout this report:
KingSett is committed to reducing energy use across our assets and helping the industry develop cleaner sources of energy.
KingSett implements new and innovative technologies in our assets to enhance the user experience and building performance.
KingSett strives for equity for all, to make our society and business more successful, and work diligently to leverage our resources to create a safe and inclusive workplace.
KingSett is committed to creating more sustainable, accessible and environmentally friendly buildings and communities for all.
KingSett is reducing the material consumption at our assets through the conscientious use of finite resources and minimizing waste generation.
KingSett is committed to reducing our GHG emissions and strengthening the resilience of our assets.