2020 Corporate Social Responsibility Vision

We foster well-being by shaping tomorrow’s living spaces

As a responsible investor, we create living spaces that foster the well-being of people and communities while reducing our environmental footprint. Accordingly, we have developed a corporate social responsibility vision for 2020 to be recognized as a real estate industry leader in terms of CSR and to position ourselves as one of the most respected companies in this field.

Environment

Ensure healthy living environments

Be a leader in real estate sustainability

  • Increase low-carbon investments
  • Improve our energy performance
  • Improve the collection and coverage of energy data
  • Reduce water consumption
  • Reduce waste
  • Foster stakeholder engagement

Social

Be known and recognized for our highly engaged talent

Be recognized for our significant and sustainable impact on our communities

  • Promote health, safety and well-being
  • Promote diversity
  • Engage employees and the company towards our communities

Governance

Implement governance best practices

  • Improve governance-framework and integrated risk management
  • Foster stakeholder engagement

UN Sustainable Development Goals

We address 10 of the 17 United Nations Sustainable Development Goals (SDGs), established in 2015, to put an end to poverty, to fight against inequality and injustice, and to protect the planet.

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Effective corporate governance mechanisms

In an effort to address stakeholders’ expectations, we have put an efficient decision-making process and oversight structure in place.

Board of Directors and committees

Our Board of Directors is made up of a majority of independent directors and is chaired by the Chief Executive Officer. The Board’s role is to oversee our management and operations and to approve strategic planning.

The Board delegates select powers to three committees: the Investment Committee, the Human Resources and Compensation Committee, and the Audit Committee. Each committee is chaired by an independent Board member.

Integrated risk management

Our Integrated Risk Management team monitors inherent risks associated with our operations, including environmental, social and governance (ESG) risks, and ensures consistency with the practices upheld by our main shareholder, the Caisse de dépôt et placement du Québec (CDPQ).

Internal audit

Our Internal Audit team provides an impartial, independent evaluation of our risk management, control and governance processes and puts forward proposals to further strengthen existing efforts.

Code of Business Conduct

Our Code of Business Conduct lays out the guidelines for our dealings and operations. It addresses such issues as interpersonal relationships, conflicts of interest and asset protection.

Discrimination, harassment and violence in the workplace

We strive to provide a healthy work environment where employees are empowered to reach their full potential. We are therefore committed to promoting a culture that is free of discrimination, harassment and violence in any form.

Anti-corruption

Our anti-corruption policy outlines our zero-tolerance stance toward all forms of corrupt behaviour on the part of our employees, officers and directors, as well as any third parties we have dealings with.

Ethics hotline

Violations of the Company’s Code of Business Conduct or any other applicable policy or law may be reported confidentially through the ethics hotline.

CSR governance

Corporate social responsibility is one of the priorities set out in our 2019–2022 strategic plan. A working group is tasked with incorporating specific environmental, social and governance factors into the processes of our business units and corporate services.

The Donations and Sponsorships Committee recommends which non-profit organizations will be the recipients of our charitable contributions, as stipulated in our policy in this regard.

Sustainable development principles

Our main shareholder, CDPQ, is subject to the Quebec government’s Sustainable Development Act and has signed on to the Principles for Responsible Investment (PRI). As a real estate subsidiary of CDPQ, we contribute to its sustainability action plan in keeping with the government’s sustainable development strategy and to its PRI reporting activities.

Environmental due diligence

We perform environmental due diligence for all acquisitions, developments and operations in all regions. Our processes are underpinned by an environmental management system, which comprises various compliance control mechanisms, including 11 environmental programs. Environmental performance is tracked and results are submitted to the Audit Committee on a yearly basis.