ESG In Everything We Do

Crown considers ESG at every step of the real estate investment lifecycle. Our model of active, integrated management prioritizes environmental and social sustainability preserves and creates the greatest value for all our stakeholders.

View our 2022 ESG Report
Environment
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Social
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Governance
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Past Reports
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Environment

Real estate is a long-term investment and extreme weather events caused by climate change present potential physical risks to property. With our value-add lens, Crown assesses climate hazards to identify buildings that might face greater risks and implement risk mitigation and adaptation strategies, allowing us to set action plans and budget accordingly.

Real estate is a long-term investment and extreme weather events caused by climate change present potential physical risks to property. With our value-add lens, Crown assesses climate hazards to identify buildings that might face greater risks and implement risk mitigation and adaptation strategies, allowing us to set action plans and budget accordingly.

15%
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Reduction in energy use intensity

A 29% reduction has been achieved as of 2021.

15%
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Reduction in water use intensity

A 52% reduction has been achieved as of 2021.

80%
Capture rate for non-hazardous waste

We are working towards our target by encouraging additional recycling streams, providing more detailed instruction regarding waste diversion through tenant learning sessions and our tenant handbook.

15%
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Reduction in GHG emissions

A 30% reduction has been achieved as of 2021.

Certificates & Awards

Crown has achieved excellence in sustainability through the following awards and certifications. Crown recognizes the importance of transparency in our ESG performance data and disclosures. We report our ESG metrics across several industry-leading platforms, including GRESB, Energy Star, LEED, BOMA and others.

Social

Community Building

Crown’s commitment to creating a smarter, more responsible model for commercial real estate investing and management extends beyond the walls of our buildings and boundaries of our properties, to our local communities.

Incorporate Green Lease clauses and improve implementation and tracking across Fund Portfolio

Crown’s Standard Lease includes Green Lease terms; As renewals take place, green lease clauses are incorporated.

Fitwel certification for 100% of Fund Portfolio by 2025

24% of Fund Portfolio is certified. Another 38% is registered for review with Fitwel and is expected to be certified by 2025.

Align Crown’s charitable giving with our commitment to DEI

Crown’s ESG Committee selected four key charities that support the underprivileged in our local communities in which we operate. We continue to advance our charitable giving and facilitate our team to participate in their own philanthropic efforts.

Talent

We recognize that people are our greatest asset, strengthened by the diversity and differences they bring with them.

55%
increase in employee headcount in the past year

A 29% reduction has been achieved as of 2021.

140%
spent on learning & development

A 52% reduction has been achieved as of 2021.

64%
of senior management are women

We are working towards our target by encouraging additional recycling streams, providing more detailed instruction regarding waste diversion through tenant learning sessions and our tenant handbook.

100%
of employees have an educational goal included in their annual performance review

A 30% reduction has been achieved as of 2021.

Governance

Crown Scores 2nd in the Americas in 2022 GRESB

For the fourth consecutive year, Crown’s submission on behalf of its Core Fund of office properties achieved a 5-star rating.  Crown outperformed its previous achievements with a score of 91 and an outstanding performance ranking of 2nd in its peer group of non-listed, core, closed end office in the Americas. Read more.

Advisory Board

Crown has an Advisory Board to offer sound advice to Crown’s owners who are involved in the operations of the business.

ESG in Everything We Do

For Crown, responsible management integrates ESG factors throughout the investment lifecycle. When we can identify potential risks early on, we can have a material impact on value creation.

ESG Committee

Crown’s ESG Committee is responsible for advancing Crown’s ESG strategy. Chaired by Anna Huang, Director, Sustainable Investments, and under the oversight of Emily Hanna, Managing Partner, Investments, the Committee consists of a cross-section of Crown’s leadership team across different geographies, departments, and roles. Together, the members serve as champions of positive change who collaborate to ensure that each business unit is working to achieve complementary goals. The Committee consists of the following members:

View Department ESG Leaders

In 2020 we integrated environmental and climate risk assessments into the acquisition process to identify opportunities for improving performance.

Assessing Climate Risks

Crown assesses climate risks through physical and transition risk analyses. Crown plans to develop a net zero transition plan for the Core Fund to evaluate the feasibility and develop a pathway to achieving significant carbon reductions at each property.

Physical Risks

Crown considers relevant climate hazards such as:

Low/high temperatures.

Extreme precipitation, winds and pluvial flooding.

Snowstorms, freeze-thaw cycles

Drought, Riverine Flooding.

Transitional Risks

This review involves consideration of:

Market variables.

Stakeholder expectations.

Policy and regulatory changes.

Shifts in building technologies.

Climate Risk Assessment

We are working towards our target by encouraging additional recycling streams, providing more detailed instruction regarding waste diversion through tenant learning sessions and our tenant handbook.

Net Zero Carbon Transition Plans

ESG Through The Years

ESG News & Views