Last Updated: May 12, 2023
Crown Realty Partners and its affiliates (together, “Crown”, “we”, “us”, or “our”) are an integrated commercial real estate investment and management firm. Crown is committed to conducting operations in an environmentally, socially, and economically responsible manner. Our vertically integrated team considers sustainability factors at every stage of the real estate ownership and investment lifecycle and incorporates environmentally sustainable best practices for all our operations.
In this ESG Policy, you will find information about the work we do to reduce our environmental footprint and maximize our social impact, ensuring responsible real estate investment, management and operations while providing strong returns to our investors.
This policy applies to all departments within Crown, including the corporate head office and property management offices, together with each of Crown’s business units. Crown’s business activities impact a range of stakeholders including our employees, tenants, investors, partners, and the communities in which we operate.
Crown integrates environmental considerations into our business strategy and is committed to having a positive impact on the environment. We strive to:
It is the responsibility of all employees of Crown to adhere to this policy in their respective roles, in collaboration with the ESG Committee. Crown’s Managing Partner, Investments, will be responsible for the management of the ESG Policy and ensuring it is adhered to, reviewed periodically and updated as required. Continuing education and training on ESG is provided in a variety of forms across the organization. This policy is shared publicly with all stakeholders, including investors, employees, asset managers and Partners to support its actualization and encourage awareness.
During the investment evaluation process, Crown will:
Crown will incorporate identified ESG factors into its ongoing asset management property management plans. Our view is that effective management of ESG risks and opportunities can enhance the value of an investment, as does the adoption of sustainable practices across our businesses. Crown will:
The Managing Partners of Crown have approved the provisions of this policy. The policy will be revised and updated periodically and more frequently when appropriate. If changes or updates to the policy are considered significant, approval of the Managing Partners, together with the Advisory Board is required.