TORONTO, ON (July 26, 2023) - Cadillac Fairview (CF) has published its annual ESG (Environmental, Social, Governance) report, this will open in a new tab highlighting the important steps the company is taking to address the evolving needs of the world, while reinforcing its purpose of transforming communities for a vibrant tomorrow. With environmental and societal well-being top of mind, CF’s ESG strategy is guided by four key pillars: Our People, Our Partners, Our Communities and Our Planet.

“The need to create engaging and sustainable communities is at the core of CF’s ESG strategy, given that making human connections and addressing climate change are more important than ever,” commented John Sullivan, President & CEO, Cadillac Fairview. “Looking forward, we will continue our commitment to mitigating risk and contributing to the global movement to transition to a net zero world. We also recognize the importance of getting people to reconnect with their communities, return to their workplaces, and experience those professional and personal connections and shared experiences which are so vital to us as humans.” 

2023 Select Achievements  

• Ranked first in its peer group (Northern America | Diversified - Office/Retail | Non-listed) within the 2022 Global Real Estate Sustainability Benchmark (GRESB) Survey. 

• Named one of Canada’s Greenest Employers which recognizes employers that are leaders in reducing their environmental impact while promoting a culture of sustainability.

• Recipient of Achievers Elite 8 award recognizing the North American company that best exemplifies belonging, equity and inclusion, a reflection of CF’s long-term commitment to people and culture and the programs and processes that enable it.

• Listed as a Global Top 25% Most Engaged Company with the goal to become a Global Top 25% Most Inclusive Company.

• Since 2017, CF has reduced emissions by 19%, and has reduced energy consumption of 10% and water reduction of 25% since 2019, and waste diversion rates of 76% at LEED AAA Offices, 78% at Other Offices, and 78% at Retail Properties. 

• To effect meaningful change in its communities, the company donated more than $2 million to Canadian charities, as well as $1 million through CF’s internal Building Communities program.

The company is committed to taking action against climate change and has already reduced emissions by 56% since 2008 through CF’s industry leading Green at Work® program. CF is dedicated to striving for a net zero portfolio by 2050, and continues to strive for our 2030 interim emissions target while achieving annual energy reductions per property at 1 to 3% per year and water reduction by 2% year over year, and waste diversion at LEED AAA Offices to 85%, Other Office to 70% and Retail at 70%. 

To substantiate its deep commitment to these goals, CF has embedded the targets in its organizational plans and objectives, and will publicly disclose the company’s progress in meeting targets. CF will re-evaluate targets annually to ensure alignment with the latest scientific information. In addition, CF is committed to adapting to the effects of a changing climate by evaluating climate risk at all properties  such as risks posed by extreme weather events. CF will further support a transition to a low-carbon economy with focus on enabling low-emission transportation, such as biking and electric vehicles charging stations. 

CF’s annual ESG report highlights company activities and accomplishments between September 1, 2021, and August 31, 2022, the reporting period for the organization’s national sustainability program, Green at Work® (GAW).

A detailed set of commitments and key performance indicators can be found here, this will open in a new tab. To learn more about Corporate Responsibility at CF and to read CF’s 2023 ESG Report, please visit cadillacfairview.com/esg.  

About Cadillac Fairview

Cadillac Fairview (CF) is an owner, operator, investor, and developer of best-in-class real estate across office, residential, logistics, life sciences and mixed-use asset classes. CF invests in communities with like-minded partners, including Stanhope and Boreal in Europe, Lincoln Property Company in the U.S., Hines in Asia and Multiplan in Brazil. CF is owned by Ontario Teachers' Pension Plan, which has net assets of $247 billion. 

The company's Canadian portfolio comprises 68 landmark properties, including the Toronto-Dominion Centre, CF Toronto Eaton Centre, Tour Deloitte, CF Carrefour Laval, CF Chinook Centre and CF Pacific Centre. Continually striving to make a positive impact in communities where it operates by promoting social connection, growth, and a sustainable future, CF’s purpose is Transforming Communities for a Vibrant Tomorrow.  Visit www.cadillacfairview.com for more information.

Media Contact: 

Anna Ng Cadillac Fairview ang@cadillacfairview.com 416-598-8246