GRI 102-11 — Precautionary principle or approach
GRI 102-12 — External initiatives
GRI 102-15 — Key impacts, risks and opportunities
GRI 102-16 — Values, principles, standards and norms of behaviour
GRI 102-17 — Mechanisms for advice and concerns about ethics
GRI 102-18 — Governance structure
GRI 102-22 — Composition of the highest governance body and its committees
GRI 102-23 — Chair of the highest governance body
GRI 102-29 — Identifying and managing economic, environmental, and social impacts
GRI 103-1 — Explanation of the material topic and its Boundary
GRI 103-2 — The management approach and its components
GRI 205-2 — Communication and training about anti-corruption policies and procedures
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.
Ensure healthy living environments
Be a leader in real estate sustainability
Be known and recognized for our highly engaged talent
Be recognized for our significant and sustainable impact on our communities
Implement governance best practices
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.
In an effort to address stakeholders’ expectations, we have put an efficient decision-making process and oversight structure in place.
UN Sustainable Development Goals
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.
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).
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.
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.
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.
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.
Violations of the Company’s Code of Business Conduct or any other applicable policy or law may be reported confidentially through the ethics hotline.
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.
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.
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.