Learn more about our ESG initiatives

Download our 2022 ESG Summary Report here Check out our 2022 ESG Report

A message from our CEO

I am very pleased with the progress CT REIT has made with respect to reducing our environmental impact, improving social outcomes, and continuing our track record of strong governance. Our second Environmental, Social and Governance (ESG) report provides us with an opportunity to publicly share our achievements, efforts and the results associated with this work with you, our stakeholders.

We remain committed to our ESG strategic pillar, which guides our interactions with the environment, our employees, and the communities in which we operate, and which also supports the continued development of governance best practices. We will continue to communicate our progress and position ourselves to better understand our ESG-related impacts, while working towards improving our key focus areas over the long term.

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CT ceo

Kevin Salsberg

President and
Chief Executive Officer

2022 ESG Highlights

energy and water audits icon

Conducted energy and water audits across the portfolio.

Net Zero construction icon

Began construction of our first net zero energy and net zero carbon project, a 350,000 square foot distribution centre in Calgary, Alberta.

EV Charging Station icon

Together with CTC, 386 electric vehicle charging stations have been installed, to date, at 92 CT REIT properties.

ESG training icon

In the past year, 100% of our employees completed ESG related training.

Social Engagement Committee icon

Formed our Social Engagement Committee.

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Our new Diversity Policy received approval from our Board of Trustees.

CT REIT’S ESG JOURNEY TIMELINE

2013

CT REIT’s Initial Public Offering takes place with a robust set of governance processes in place.

2016

Acquired the 1.4-million-square-foot Bolton Distribution Centre. Built with many ground-breaking, environmentally sustainable features, the state-of-the-art facility achieved LEED Gold certification by the Canada Green Building Council.

2020

Amid the COVID-19 pandemic, we supported our tenants by providing rent relief, implementing enhanced cleaning protocols on site, and delivering sanitizing supplies.

2017

Exterior LED retrofits were conducted at over 90% of all our properties.

Also in 2020:

  • Exterior LED retrofits were conducted at over 90% of all our properties
  • Our Sustainability Committee was formed

2021

First GRESB submission.

Also in 2021:

  • Materiality Assessment conducted
  • Climate Risk Assessment conducted
  • Conducted HVAC motor retrofits at over 90% of our properties

2022

Inaugural ESG Report published outlining our 2021 activities.

Also in 2022:

  • Our GRESB submission became publicly available
  • Donation made in support of the development of a multi-sport court in Welland, Ontario supporting Jumpstart
  • Construction of our first Net Zero distribution centre began

2023

First BOMA BEST Silver certifications covering eight enclosed and open-air retail properties.

Also in 2023:

  • Our new distribution centre was awarded the Zero Carbon Building – Design Standard certification
  • Adoption of Diversity Board Policy
  • Adoption of Sustainable Investment Corporate Policy

2024 & Beyond

Ongoing development of our ESG Strategy which focuses on reducing our GHG emissions, fostering talent, supporting communities and good governance. Expansion of BOMA BEST certification program.

Our Approach to ESG

CT REIT’s strategic imperatives are rooted in being Canada’s premier net lease REIT. It is important that our ESG strategy and related initiatives align with that of our key stakeholders, including our most significant tenant and majority unitholder, CTC. We continue to advance our ESG strategy, embedding it in all aspects of our business, and driving initiatives to support it, from our building operations and property development to our tenant and employee engagement activities.

Our ESG Pillar

Our focus areas under our ESG strategic pillar help guide our interactions with our environment, our employees and the communities in which we operate, and support the continued development of governance best practices.

Our focus on, and investment in, ESG initiatives will also help drive long-term value for our stakeholders by managing applicable risks, fostering innovation, generating new revenue streams, and strengthening the environmental, social and governance systems on which our business relies.

As we progress along our ESG journey, we are monitoring regulatory developments and reviewing the applicability of other ESG related frameworks, including the Sustainability Accounting Standards Board (SASB) and the International Sustainability Standards Board (ISSB) standards.

Reducing Greenhouse Gas Emissions

Reducing our carbon footprint and supporting CTC’s net zero strategy through the development of new stores and distribution centres, as well as retrofitting existing stores

Supporting Communities

Reinvesting and contributing to the neighbourhoods in which we operate

Talent

Fostering diversity, inclusion, and development amongst our people

Good Governance

Striving for best practices on behalf of all stakeholders

small island with trees

Land Acknowledgement

We acknowledge that long before Canada was a country, strong nations and cultures existed here – and, continue to exist. The Canadian lands on which CT REIT properties are located have been the site of human activity for 15,000 years. Today these lands and lakes continue to be home to many First Nations, Inuit and Métis communities from across Turtle Island, also known as North America.

Our home office, located in what is currently known as Toronto, is situated on the traditional territory of the Anishinaabeg, Huron-Wendat and the Haudenosaunee Nations. This location is covered by Treaty 13, signed with the Mississaugas of the Credit, and the Williams Treaties, signed with multiple Mississauga and Chippewa bands. We are grateful that we can live and work here, and we are committed to building and sustaining a relationship with Indigenous peoples based on respect, dignity, trust and cooperation.

At CT REIT, we know that land acknowledgements mark a small but important step in the journey of confronting the truth and working towards reconciliation with Indigenous peoples. We are in the early stages of our journey. As we look ahead, we are committed to acknowledging the truth and advancing our reconciliation journey.

Archived ESG Reports