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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.

ESG ESG

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.

Crown plans to continue to strive for further reductions across our Core Fund Portfolio by targeting the following goals by 2023:

15%↓

Reduction in energy use intensity

A 29% reduction has been achieved as of 2021.

15%↓

Reduction in water use intensity

A 52% reduction has been achieved as of 2021.

80%

Capture rate for non-hazardous waste

A 51% reduction has been achieved as of 2021. 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%↓

Reduction in GHG emissions

A 30% reduction has been achieved as of 2021.

Certifications & 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.


BOMA Best Certified


LEED Certified


WiredScore Certified


BOMA Building Excellence


ENERGY STAR Certified


race2reduce CREST Awards


Fitwel


Fitwel Viral Response


Bullfrog Powered

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.

 

green leasing

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

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.

charity

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.

Our talent highlights include:

55%

increase in employee headcount in the past year

140K

spent on learning & development

64%

of senior management are women

100%

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

Governance

Advisory Board

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.

Learn More

 

ESG committee

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. 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.

Emily Hanna

Emily Hanna

Managing Partner, Investments
(Partner Oversight)

Monica Di Zio

Monica Di Zio

Marketing and Innovation
(Co-Chair)

Erica Lam

Erica Lam

Sustainability Specialist
(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.

View Department ESG Leaders

Robert Campbell

Robert Campbell

Construction

Vicky Dinelle

Vicky Dinelle

Leasing

Melanie Miller

Melanie Miller

Tenant Engagement

Janbee Monsod

Janbee Monsod

Property Management

Michael Panetta

Michael Panetta

Property Management, Ottawa

Lauryn Pittana

Lauryn Pittana

Asset Management

Rainu Singh

Rainu Singh

Human Resources

Michael Stones

Michael Stones

Ottawa Portfolio

Matt Urbain

Matt Urbain

Acquisitions

Melanie Yu

Melanie Yu

Finance and Reporting

GRESB

2021 was Crown’s third year reporting on our overall sustainability strategy . Crown ranked 4th out of 19 North American participants receiving Canadian Honours and maintaining GRESB’s highest 5-Star rating.  Crown continues to seek year-over-year improvements and for 2022, we have targeted several operational initiatives focusing on health and wellness as well as reporting initiatives to continue to strive for sustainable and responsible growth.

 

100% physical climate risk assessment

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

Climate Risk Assessment

Net Zero Carbon Transition Plans

Net Zero Carbon Transition Plans

ESG Through The Years

ESG 2020 Report