Our Environmental Responsibility
CF has a long standing history of leadership when it comes to sustainability, starting with the launch of the Green at Work® program (GAW) in 2008, and most recently being ranked #1 in the Global Real Estate Sustainability Benchmark (GRESB) survey amongst our peer group (North America Diversified - Office/Retail/Core) and an A+ rating from the UN Principles For Responsible Investment (UNPRI). While we take tremendous pride in these accomplishments, our commitment to sustainability doesn't stop here. As an organization we will continue to develop innovative solutions to take action against climate change by establishing bold targets related to emissions, energy, climate resilience, sustainable transport, water and waste.
Our Sustainability Commitment
Enable low carbon community transformation
Mitigating climate change through emissions and energy reduction, and building resilience to the impacts of a changing climate
Ensure a resource filled & sustainable tomorrow
Driving environmental protection through efficient & responsible use of resources
Our Targets & Results
Innovative initiatives and programs like on-site composters in our Western Portfolio properties, connecting our downtown Toronto properties to the Enwave deep lake cooling system, and launching a first-of its-kind energy smart analytics program and training for our Operations teams on efficient building operations, have demonstrated leadership and achieved tangible business results. Our future annual, mid-term and long-term targets align with the global imperative to take action on climate change and meet the objectives of the Paris Agreement. In order to ensure alignment with the latest scientific information, our targets will be re-evaluated on an annual basis. Please read on to view our results and ongoing targets.
↓ 56% since 2008
↓35% reduction by 2030 vs 2017 for operated portfolio (Scope 1 & 2)
Net Zero emissions before 2050 for operated portfolio (Scope 1&2)
↓ 48% since 2008
↓1-3% year over year
100% properties completed climate risk evaluation
100% properties to complete climate risk & resilience measure evaluation annually
343 electric vehicle charging stations across Canada
100% operated properties to have bike racks and electric vehicle charging stations
↓ 77% since 2008
↓2% year over year
Design water fixtures that reduce -40% (minimum) in potable water consumption for new developments
79% diversion rate
70-90% waste diversion by asset class and for new office construction
Low waste dining halls in BC, AB, MB, ON
Green Certifications & Benchmarks
100% of CF properties have achieved at least one Green Certification including LEED, BOMA BEST, Energy Star
17 properties have achieved WELL, FitWell certifications
Maintain LEED certification at all office properties (minimum)
Maintain BOMA BEST certification at all retail properties (minimum)
Our Approach: Green at Work
CF became the first Canadian real estate organization to establish a sustainability operations program when we launched GAW in 2008. We recognized early on that sustainability principles not only provided environmental benefits, but also delivered clear business value to our clients, shoppers and building occupants. Over the course of its lifetime, the program has led the industry, achieved annual industry awards and recognitions, and driven the results shared in the Targets & Results section above. CF properties are required to meet annual performance targets for energy, water, waste, and implement operational best practices. An industry-leading web-based platform allows CF to centralize the GAW program and optimize sustainability reporting and data at the property and portfolio level.
Green at Work: Areas of Focus
Through Green at Work, we are focused on raising awareness and promotion of healthy living practices, including indoor air quality testing to ensure comfort and peace-of-mind in our indoor spaces. We also enhanced our standards and procedures to mitigate the spread of the COVID-19 virus and keep our employees, building occupants and visitors safe.