Adhering to high standards of corporate governance, ensuring transparency, accountability, and ethical business.

1. Strengthen our governance framework by incorporating ESG considerations into the performance evaluation of our Partners and Senior Management.
2. Formalize our Remuneration Policy.
3. Refine our governance policies to reflect the latest best practices and regulatory requirements.

• Tracking the number of reported and resolved conflicts of interest to ensure that our policies effectively mitigate these risks
• All employees signed an acknowledgment of understanding and adherence to our Employee Handbook and Policy and Procedures Manual
• Whistle-blower Policy for capturing and reporting improprieties are in place and are communicated to all employees
• Regular and tracked sessions to discuss sustainable development, following Toronto Green standards on environmental footprint
• Monitoring and reporting the total number and monetary value of fines related to non-compliance with laws and regulation

Ensure compliance with regulations and protect data.

1. Stay up to date with the latest regulations and guidelines.

2. Consistently monitor and improve internal processes.

• Keeping track of PII data to better control the sensitive information and ensure compliance with data protection laws and regulations

• Tracking infractions and breaches

• Ensuring compliance with privacy regulations and brand sentiment

• Providing regular security training

• Robust security measures to protect cloud infrastructure

• Well-defined security policies, ensuring a consistent approach to data protection across the organization

• Disaster recovery plan and data retention policy

Managing the entire lifecycle of our products and services to support sustainability and prevent and mitigate risks and consequences for our customers and end-users.

1. Communicate Results of Fee Benchmarking

2. Formalize Vendor Screening Process

3. Track Environmental Risk Exposure

• Reviewed and benchmarked our fees to remain competitive and aligned with investor expectations

• 50% of our assets under management are invested in projects with sustainable characteristics

• Screened all major suppliers are screened for ethical and environmental considerations

• Compliance with all taxation requirements

Fostering a culture that has clear expectations for ethical behaviour.

1. Enhance corporate culture and training

2. Engage with stakeholders to further build trust

3. Develop supplier onboarding program

• All employees sign a code of ethics at time of hire that outlines company policies around code of conduct, violence & harassment

• Training for all employees on key areas

• Robust whistle-blower policy

• No ethical breaches in 2023

Prioritizing the well-being and development of our employees, fostering a positive and inclusive work environment.

1. Systematically collect data to monitor progress of diversity and equal opportunity

2. Introduce employee satisfaction program

3. Improve process for tracking employee review of handbook, including Code of Conduct

• Every employee signs off on a code of conduct

• Comprehensive benefits package for employees covering medical, dental and life insurance

• Up to 9% RRSP matching program to support employee’s preparation for retirement

• $1,000 education training allowance per year for each employee (amounts in excess of $1,000 are considered on a case-by-case basis)

• Robust human rights policy outlined in our employee handbook

Using resources efficiently and effectively, with a particular focus on water conservation and waste reduction.

1. Link resource consumption to tenant rent

2. Standardize water consumption metrics

3. Document resource use standards

• Water consumption tracking at the unit level

• 30% reduction in potable water consumption (excluding irrigation) at recent new-build

• 50% reduction in potable water use for irrigation at recent new-build

Facilitating access to essential products or services such as health care services and products to disadvantaged communities or groups.

1. Actively seek out new opportunities to expand our affordable housing initiatives
2. Formulate a dedicated task force to advance societal goals related to access to basic services

• Participated in the MLI Select Financing Program offering favorable mortgage interest rates to borrowers for CMHC mortgages

• Supporting local community charities through donations

Actively engaging with local communities, seeking to build strong relationships and contribute positively to the areas in which we operate.

1. Develop a better understanding of our stakeholders’ interests by increasing engagement.

• Over $18K in charitable donations made to Toronto based institutions

• Committed support and earmarked $10,000 donation for 2024 to an Indigenous organization, NCCT, with a strong ESG vision, mission and goals

Tracking and reducing our carbon footprint in accordance with established standards and guidelines.

1. Develop and implement Greenhouse Gas Emissions (“GHG”) calculator

2. Provide public transit information boards

3. Streamline ENERGY STAR tracking

4. Document building standards

5. Enhance climate risk reporting

• Prioritizing energy efficiency in building design

• At least 25% better energy efficiency than the National Energy Code of Canada for Buildings

• 75% of appliances being ENERGY STAR certified

• 50% of total AUM are invested in properties with environmentally sustainable characteristics

• Transit Pass initiative and Car Share program to reduce tenant footprint

Minimizing the impact of our operations on land, ecosystems, and wildlife through responsible land use practices and biodiversity protection.

1. Document third-party certifications for our materials

2. Enhance supply chain procurement process

• Following policies that limit biodiversity loss

• Selecting site locations that minimize biodiversity impact and improving site by adding greenspace

• No monetary losses as a result of legal proceeding associated with environmental regulations

Ensuring our workforce is safe and healthy by mitigating the risk of occupational hazards.Prioritizing the well-being and development of our employees, fostering a positive and inclusive work environment.

1. Develop a comprehensive health and safety management system to support our transition to a fully integrated development and construction firm.

• For 2023, all construction projects were built by third-party contractors that implemented their own health and safety programs

• Upheld various policies and programs, all of which are covered in our Employee Handbook

• Reviewed and approved of Health & Safety program procedures and policies for one of our main contractors