Our Sustainability objectives in North America

Environment

  • Pathway to Zero decarbonization strategy targets 42% overall emissions reduction from a 2021 baseline by 2030.
  • Reduce supply chain emissions by engaging with businesses on opportunities to improve their climate impact and resilience.
  • Source materials to reduce impact from construction activity and follow sustainable design principles.
  • Invest in onsite and offsite renewables, selecting the lower emission energy mix where feasible across our assets, prioritizing generation and direct procurement where possible.

Additional sustainability actions:

  • World Green Building Council's Zero Carbon Buildings 2030 Commitment.
  • Actively managing utility and water consumption (Envizi) and conducting portfolio-wide re-certifications including EnergyStar, LEED O+M, Fitwell.
  • Executing green leases with new and rolling tenants to share utility data from tenant spaces.
  • Preparing asset-level retrofit plans based on ROI duration and operational carbon emissions reduction impact.
  • Incorporating decarbonization target requirements and resiliency-planning into acquisition and disposition decision-making.
  • Following standards to define how development teams and consultants can address design and construction decisions with reducing embodied carbon and ongoing operational carbon emissions in mind. 

Social


In the cities where we operate in US and Canada, we focus on three key areas to maximize contributions to communities:

  • Housing: Prioritize creation and retention of both market and non-market housing units e.g., Waterfront Station.
  • Education: Support through school outreach, internships, scholarships, and apprenticeship programs. e.g., UrbanPlan and Project Destined.
  • Supply Chain Principles:  Our overarching supply chain principles have been developed and consider the environment, community support and ethical business practices.

Local charitable giving in excess of $800k annually via the Westminster Foundation. 

One week paid annual time off for volunteering to social causes.

Governance primary

Governance

Industry leading ethical business-centred governance


Progressive internal policies & practices

  • Succession planning and career development opportunities.
  • Parental leave.
  • Industry leading employer contributions to 401k and RRSP.

Diversity, Equity & Inclusion employee groups

  • Pride @ Grosvenor, Ability, Racial Justice, Gender Equity, and Culture.

Institutional-grade reporting

  • Annual Global Company Review published.
  • Non-Financial Reporting Directive.
  • Quarterly investor reporting. 

Ethical business

  • Contracting provisions amongst supplier including anti-money laundering, anti-bribery and anti-modern slavery.


Disclaimers:

Environmental performance claims are based on available data as of  April, 2024 and may be subject to change. All statements are supported by third-party certifications, modelling, or internal documentation available upon request. Actual performance may vary based on occupancy, usage, and operational conditions.

Portfolio ESG performance is based on reporting frameworks such as GRESB and/or ENERGY STAR Portfolio Manager. Not all properties may meet the same performance criteria. Individual building metrics are available upon request.

“Sustainable” refers to building features such as low-emission materials, water-saving fixtures, and reduced operational energy use. For full details on the sustainability strategy and supporting documentation, please see our Pathway to Zero.

Certain of the information included in and supporting these targets are forward-looking statements regarding Grosvenor’s sustainability goals and projected environmental performance, and are based on current expectations, assumptions, estimates, projections, opinions and beliefs. Forward-looking statements are inherently uncertain and subject to risk, and actual results may differ materially from those reflected herein. Grosvenor does not assume any obligation to update such information, whether as a result of new information, future developments or otherwise, except as required by law. Nothing herein should be interpreted as a guarantee of certification or performance. Investors and stakeholders are advised to verify all claims independently.

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