Our ESG objectives in North America

Environment primary

Environment

50% emissions reduction from business operations across all Scopes by 2030


  • 2030 Net Zero Commitment (WGBC).
  • Actively managing utility 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 establishing annual portfolio-wide Net Zero Retrofit Fund.
  • Incorporating net zero 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 net zero considerations in mind. 

Social primary

Social

75% of supplier spend committed to principles by 2025


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 i.e. Waterfront Station.
  • Education: Support through school outreach, internships, scholarships, and apprenticeship programs. i.e. UrbanPlan and Project Destined.
  • ESG Supply Chain Principles | 2022:  Under development, elements of this Charter will consider the environment, community support and ethical business practices.

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

1-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.
  • Maternal and Paternal leave.
  • Industry leading employer contributions to 401k and RRSP.

Equity, Diversity & Inclusion employee groups

  • Pride @ Grosvenor; Mental Health and Wellness; Racial Justice; Recruitment; Training & 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.


Certain of the information included in and supporting these targets are forward-looking statements regarding Grosvenor’s goals and objectives, and are based on current expectations, assumptions, estimates, projections, opinions and beliefs. Forward-looking statements are inherently uncertain, 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.

Group 2