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.
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.
Crown plans to continue to strive for further reductions across our Core Fund Portfolio by targeting the following goals by 2023:
Reduction in energy use intensity
Reduction in water use intensity
Capture rate for non-hazardous waste
Reduction in GHG emissions
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.
BOMA Best Certified
LEED Certified
WiredScore Certified
BOMA Building Excellence
ENERGY STAR Certified
race2reduce CREST Awards
Fitwel
Fitwel Viral Response
Bullfrog Powered
We recognize that people are our greatest asset, strengthened by the diversity and differences they bring with them.
Our talent highlights include:
increase in employee headcount in the past year
spent on learning & development
of senior management are women
of employees have an educational goal included in their annual performance review
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.
This past year, Crown established an Advisory Board to offer sound advice to Crown’s owners who are involved in the operations of the business.
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.
Crown’s ESG Committee is responsible for advancing Crown’s ESG strategy. Partner-level responsibility for ESG rests with Emily Hanna, Managing Partner, Investments. Monica Di Zio, Director, Marketing and Innovation, together with Erica Lam, Sustainability Specialist serve as Chairs of the Committee.
Managing Partner, Investments
(Partner Oversight)
Marketing and Innovation
(Co-Chair)
Manager, Sustainability
(Co-Chair)
The Committee consists of a cross-section of Crown’s leadership across geographies, departments, and roles. Each member is a champion to influence positive change and ensure that we are working to achieve complementary goals.
Construction
Leasing
Tenant Experience
Property Management
Property Management, Ottawa
Asset Management
Human Resources
Ottawa Portfolio
Acquisitions
Finance and Reporting
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.
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.
Community Building: Learn More