"Throughout 2022, ESG was further embedded in the way we do business to best serve our employees, tenants, and the communities in which we operate. We strengthened our understanding of our portfolio emissions and committed to reducing the greenhouse gas intensity of our operations and supply chain to ensure a greener tomorrow," said
Highlights from Crombie's ESG Report include:
- Crombie was awarded a
Green Star for excellence in both Standing Investments and Development in its third year submitting to GRESB. Crombie improved itsStanding Investment benchmark and Development benchmark scores by 45% and 25%, respectively. - Leveraged the analysis completed in 2022 to make new commitments within its Climate Action Plan that reduce Crombie's Scope 1 and 2 greenhouse gas ("GHG") emissions by at least 50% by 2030, and its Scope 1, 2, and 3 GHG emissions by at least 90% by 2050.
- Reduced scope 1, 2, and 3 operational emissions by 32% from 2019 to 2021.
- Named one of
Canada's Top Employers in three categories: Small and Medium Employers, Atlantic Canadian, and Nova Scotia Employers. - Employees volunteered 6,000+ hours supporting over 40 charities, non-profits, and community initiatives across
Canada , increasing the impact in communities Crombie serves. - Enhanced its governance framework with ESG oversight integrated into board and committee mandates.
"We're very proud of our team for their ongoing commitment to our ESG priorities," said Arie Bitton,
Crombie invests in real estate that enriches local communities and enables long-term sustainable growth. As one of the country's leading owners, operators, and developers of quality real estate, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-used residential properties in
SOURCE Crombie REIT
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