- Neo Cameron
Cadillac Fairview Ranks First in 2021 Global Real Estate Sustainability Benchmark Survey
TORONTO, ON (October 15, 2021) - Cadillac Fairview (CF) is pleased to announce the Company’s results within the Global Real Estate Sustainability Benchmark (GRESB) Survey. This year, CF ranked first in its peer group (North America - Diversified - Office/Retail/Core) and achieved a Green Star ranking for the sixth consecutive year. GRESB is the global standard for assessing ESG (Environmental, Social, Governance) matters in real estate, and the Green Star accolade signifies a strong performance in ESG management, policy, risk and opportunities, stakeholder engagement, implementation and measurement. The 2021 real estate benchmark covers more than 1,200 property companies, real estate investment trusts (REITs), funds, and developers.
CF was also named a Sector Leader within GRESB 2021, which recognizes the best performers by sector, region and nature of ownership from across the GRESB Assessments.
“We’re incredibly proud to have achieved a first place ranking in this year’s GRESB Survey amongst our very competitive peer group,” commented John Sullivan, President and CEO of Cadillac Fairview. “Over the past year, we have made thoughtful considerations to our overall approach to responsibility and I’m pleased that our efforts have been recognized through important industry assessments including GRESB. Responsibility remains at the forefront of everything we do at Cadillac Fairview. We strive to have a positive impact on all facets of our communities, working in close collaboration with our people, clients, communities and all key stakeholders to envision and foster social connection, growth and sustainability.”
Earlier this year, CF announced the company’s purpose statement, Transforming Communities for a Vibrant Tomorrow, to reaffirm its belief that human connection is at the core of individual and society health and well-being. CF also realigned the company’s overall approach to responsibility by creating four overarching pillars: Our People, Our Planet, Our Community and Our Partners to guide all efforts and reporting.
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making.
About Cadillac Fairview
Cadillac Fairview (CF) is a globally focused owner, operator, investor, and developer of best-in-class real estate across retail, office, residential, industrial and mixed-use asset classes. Wholly owned by the Ontario Teachers’ Pension Plan, CF manages in excess of $35 billion of assets across the Americas and the United Kingdom, with further expansion planned into Europe and Asia. Internationally, CF invests in communities with like-minded partners, including Stanhope in the UK, Lincoln Property Company in the U.S., and Multiplan in Brazil. The company’s Canadian portfolio comprises 68 landmark properties, including the Toronto-Dominion Centre, CF Toronto Eaton Centre, Tour Deloitte, CF Carrefour Laval, CF Chinook Centre and CF Pacific Centre. Continually striving to make a positive impact in communities where it operates by promoting social connection, growth, and a sustainable future, CF’s Purpose is Transforming Communities for a Vibrant Tomorrow.
Credit: Cadillac Fairview