Building for a
Better Tomorrow

ESG Strategy

KingSett believes in building value through actively managing ESG risks and opportunities associated with the ownership, development and management of real estate across each asset’s entire lifecycle.

Our ESG approach focuses on doing what is right for our stakeholders and the environment. We are driven by the opportunities and innovation ESG integration presents in real estate. We believe our ESG leadership is a competitive advantage and value creator.

By incorporating ESG into our decision-making processes we create value economically, ethically, socially and environmentally. This strategy outlines and communicates our commitment to acquire, develop and manage our assets responsibly and aligns with our Mission, Vision and Core Values.

We are committed to

investing in sustainable, innovative solutions that enhance communities, mitigate risk and reduce our environmental impact

Core Objectives and our ESG Evolution

Embed ESG and responsible investing considerations into all our business processes

Set meaningful reduction targets and execute decarbonization strategies

Adhere to our sustainable development guidelines and objectives

Identify, assess and manage physical and transition climate risks and opportunities

Drive positive social change in our communities and partner with charities

Leverage a multi-disciplinary ESG Committee to guide the evolution of our strategy

ESG Strategy


  • Hired first full-time employee dedicated to ESG
  • Implemented ESG related building management programs
  • Launched the KingSett Sustainability Excellence Awards


  • Published first ESG Report
  • Completed 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


  • Set new ESG targets
  • Expanded the Innovation Award amount to $50,000
  • Launched Smart Building Technology Strategy
  • Conducted third-party Employee Engagement survey


  • Achieved the largest Zero Carbon Building – Performance Standard 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


  • Achieved Global Sector Leader Recognition in GRESB
  • Launched interactive ESG website
  • Developed decarbonization strategies for 35% of the CREIF Portfolio


  • Achieved Global Sector Leader Recognition in GRESB for Standing Investments and New Developments
  • Decarbonized 100 Yonge (250k sf), permanently eliminating 75% of absolute emissions
  • Raised $5M for multiple sclerosis research
  • Became a PRI Signatory
  • Secured a $46M of financing from the Canada Infrastructure Bank to decarbonize the Royal York Hotel

Stakeholder Engagement

We aim to build relationships with all our stakeholders. Doing so ensures we fulfill our commitments and create shared value through our business activities.

KingSett’s stakeholder engagement activities ensure relationships are built and upheld with respect, integrity, transparency and honesty. Ongoing communication and working collaboratively towards mutually beneficial outcomes are key components in achieving this.

Our engagement programs, at the corporate and property level, are used to generate ideas, solicit feedback, identify best practices and determine the impact of our efforts. Receiving feedback in different forms and from our various stakeholder groups helps ensure our programs are designed to meet the needs of our communities and enhance the performance of our assets.

Our stakeholders include:

  • Employees
  • Tenants
  • Property Managers
  • Partners and Investors
  • Communities
  • Industry Associations
  • Customers


Materiality Assessment

In 2020, KingSett conducted extensive internal and external consultations to understand which ESG topics matter most to our stakeholders and confirm that our ESG efforts are aligned with our partners, customers and employees. The learnings from this exercise continue to shape our ESG approach and objectives:

  • Stakeholder feedback confirms KingSett is seen as an ESG leader
  • Our stakeholders are proud to partner with us and are eager to work together to meet our shared ESG objectives
  • While all 23 ESG topics identified were deemed important, the 20 topics identified as strategic and core form the basis of our program

We will continue to focus on new and emerging trends to unlock value and improve the resilience of our assets and we will re-evaluate our materiality assessment by 2025.

Case Study

UN Principles for Responsible Investment

The Principles for Responsible Investment (PRI) is the most widely adopted ESG integration standard that enables asset owners and managers to publicly demonstrate a commitment to responsible investment and contribute towards building a more sustainable financial system.

In 2022, KingSett became a PRI Signatory. By doing so, we committed to integrating the six Principles of the standard across our business functions. Throughout 2022 we introduced new policies and ESG procedures in our lending business to enhance the quality of our investments and better assess new risks and opportunities as they arise in the market.

Reporting Strategy

Our reporting strategy is the primary way that KingSett informs key stakeholders about our ESG approach, performance and progress. It is designed to meet the various needs of our stakeholders.

2022 ESG Summary Report: An evolution of our annual ESG reporting, KingSett’s ESG Summary provides a high level overview of our key accomplishments and performance from the year and demonstrates how ESG builds value through actively managing the ESG risks and opportunities associated with the ownership, development and management of real estate.

This Website: KingSett Capital’s Environmental, Social and Governance (ESG) approach and the performance of the KingSett Canadian Real Estate Income Fund LP (CREIF) (“Portfolio”) during the 2022 calendar year (January 1, 2022 – December 31, 2022), unless otherwise stated.

2022 Verification Statement: KingSett received limited verification of selected environmental data, including carbon emissions performance disclosed in this report by an independent third party, Quinn+Partners, in accordance with ISO 14064-3. Click to download the 2022 Verification Statement

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