MISSISSAUGA, ON, May 5, 2021 /CNW/ - Morguard Corporation
("Morguard") (TSX: MRC) today released its 2020 Sustainability
Report, outlining the accomplishments and activities of Sustainable
Morguard, the company-wide corporate sustainability and
responsibility program that focuses on environmental, social and
governance ("ESG") performance. Despite the uncertainty caused by
the pandemic over the past year, Morguard worked to protect the
wellbeing of employees, tenants, residents, and other stakeholders
with comprehensive health and safety protocols and increased the
long-term value of its properties through sustainability
initiatives. To download the 2020 Sustainability
Report or the Sustainability Highlights, visit
morguard.com/sustainability.
"COVID-19 continues to have a profound global impact on the way
we live and work," said K. Rai Sahi,
Chairman and CEO, Morguard. "As one of Canada's Safest Employers, Morguard has
remained unwavering in our commitment to the health and safety of
our communities, as well as our focus on the company's
sustainability initiatives. Sustainable Morguard delivered social
benefits and economic value as we continued to reduce the
environmental impact of our properties while navigating the new
normal together."
Despite the rapid changes needed to adjust to the way we live
and work, we at Morguard believe that by working together with our
employees, management, clients, residents, and tenants, we have the
power to bring about positive change. That's why we are committed
to identifying and implementing innovative programs and measures
that will ensure that the way we do business continues to
appreciate the environment. This approach has led to building
performance improvements, natural resource optimization and other
milestone achievements, including Morguard being recognized as one
of Canada's Safest Employers for
the eighth consecutive year.
Highlights include:
- Morguard's "New Days. New Ways" campaign provided a collection
of tools to guide our employees and residents through the adoption
of new health and safety protocols while also supporting the
reopening efforts of our tenants across our retail, office,
multi-suite residential, and industrial asset classes;
- Morguard properties used 5.3 per cent less energy, reduced
greenhouse gas emissions by 7.8 per cent and consumed 9.4 per cent
less water compared to 2019;
- Morguard diverted 5,600 metric tons of waste from landfills in
2020;
- Morguard successfully retrofitted two older generation office
towers, aiming for LEED Gold designations as well as Wired and
Fitwel certifications, while targeting reduced energy consumption
and lowering operating costs to between 35 per cent and 40 per
cent;
- Morguard achieved LEED Silver Certification for two new
construction projects, bringing Morguard's total number of
certified properties to 14;
- Morguard re-certified 19 properties in office, retail, and
universal assets for BOMA BEST
certifications; and
- Morguard has 19 residential properties which have been
recognized as Certified Rental Buildings. This provides a quality
commitment to renters including the Living GREEN Together™
sustainability standards.
"Our properties across North
America aim for the highest standards as part of the focus
on our 2035 long-term objectives," said Beverley G. Flynn, Senior Vice President and
General Counsel. "These objectives are key components of every
sustainability decision and investment we make to create positive
change that will benefit our stakeholders in the long term."
Sustainable Morguard encompasses over 300 owned and managed real
estate assets including commercial (retail, office and industrial),
and multi-suite residential in Canada and the
United States. The in-depth financial, physical and
environmental analysis Morguard performs for each property
comprises a range of environmental indicators that align with the
company's Responsible Property Investing ("RPI") requirements,
helping identify and address ESG risks and opportunities.
To download the complete reports, visit Sustainable Morguard
at morguard.com/company/sustainability.
About Morguard Corporation
Morguard Corporation is a
major North American real estate and property management company.
It has extensive retail, office, industrial, hotel and residential
holdings owned directly and through its investment in Morguard Real
Estate Investment Trust and Morguard North American Residential
REIT. Morguard also provides real estate management services
to institutional and other investors. Morguard's owned and
managed portfolio of real estate assets are valued at $14.6 billion. For more information, visit
http://www.morguard.com or follow us on LinkedIn.
SOURCE Morguard Corporation