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Sustainability

Turning Commitment into Impact

Rael Diamond 1

Rael L. Diamond
President and Chief Executive Officer

Turning Commitment into Impact

At Choice Properties, we understand that long-term success is built on a foundation of responsible growth. As Canada’s largest real estate investment trust, we seek to play a part in shaping the future of sustainable real estate. In 2024, we made tangible progress, advancing our environmental, social and governance strategy to create places where Canadian businesses and communities thrive.

Rael L. Diamond
President and Chief Executive Officer

ESG Throughout the Years

2021

Achieved five-year reduction targets two years ahead of schedule for GHG emissions, energy, and water consumption

Surpassed $1M in cumulative donations supporting Canadian charities through Choice Cares program

2022

Net-zero GHG targets validated by Science Based Targets initiative (SBTi)
Inaugural Pathway to Net-Zero Report released
Achieved the Women Lead Here benchmark for the first time

The first time Choice Properties is recognized as one of Greater Toronto’s Top Employers by Mediacorp Canada Inc. and published in the Globe and Mail

2023

Asset-specific transition planning completed for all income-producing properties
Developed a Social Impact Framework leveraging our assets and business operations to drive economic development and promote social cohesion at the neighbourhood level
Material Scope 3 emissions disclosed for the first time

2024

In 2024, Choice Properties was announced as one of Canada’s Most Responsible Companies for 2025 by Newsweek and Statista, ranking #1 in its industry and placing in the top 10% overall
Developed a Sustainable Development Framework (SDF) for all new developments which incorporates requirements that align with our two ESG pillars

Piloted social impact and placemaking programs on our properties through community events and non-profit partnerships
Surpassed $3M in cumulative donations supporting Canadian charities through Choice Cares program

2025 and Beyond

Continue implementing asset-specific net-zero transition plans
Continue scaling social impact and placemaking initiatives in communities across Canada and formalizing the program structure
Continue evolving ESG disclosures to align with emerging reporting standards

Fighting Climate Change

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Environmental Sustainability
at Choice

We believe that embedding responsible environmental practices wherever we can in our business is good for us, our tenants and the communities in which we build and operate. In support of our pillar, Fighting Climate Change, Choice Properties is committed to reaching net-zero emissions by 2050. This involves transitioning our assets, implementing green leases with tenants to drive complementary sustainability goals, and managing water and waste responsibly. We also enhance urban biodiversity, understanding climate risk faced by our properties, and uphold rigorous environmental and occupational health and safety standards.

As of 2024

Reduction Emission Icon

39%

Reduction in scope 1 & 2 emissions

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15%

Reduction in scope 3 emissions

First Zero Icon

1st retail in Canada

CAGBC’s Zero Carbon Building Design Standard certified

Leed Boma Icon

66%

LEED or BOMA best certified

Sbti Certified Icon

Net-Zero Targets

Validated by SBTi

Strengthening Communities to Prosper

social gathering

Social Impact Framework

Our Social Impact Framework is centred on two focus areas: Local Economic Development and Social Cohesion. We put these priorities into practice through our work with charities and communities in the Workplace—commitments that create meaningful, purposeful change for the cities that we serve and the people we work alongside.

Purpose Placemaking

Purposeful
Placemaking

Placemaking is an approach to designing and activating spaces centred on the human experience. Through Placemaking, Choice Properties leverages its properties to enhance its social impact goals of propelling both local economic development and social cohesion.

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Choice Cares

Choice Cares is our national community engagement program, where colleagues across the country dedicate their time, talent, and resources to volunteer and fundraise, supporting causes that uplift local communities.

Affiliations and Partners

Resources

Please e-mail accessibility@choicereit.ca to request an accessible copy of any document.

ESG Reports

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