"We believe this study helps to inform Canadian commercial real estate organizations of the areas in which they can improve.”

A new report says the Canadian commercial real estate industry is playing catch-up with respect to environmental, social and governance (ESG) issues when compared to international peers. The Canadian Commercial Real Estate Sustainability Intelligence Report, released by research firm Jantzi-Sustainalytics in association with the Real Property Association of Canada (REALpac), evaluates the ESG performance of 18 of Canada’s largest commercial real estate companies and compares them to some of their international counterparts.

“REALpac is pleased with the efforts of those Canadian real estate companies cited in the report as being strong ESG performers. We believe this study helps to inform Canadian commercial real estate organizations of the areas in which they can improve,” says Michael Brooks, REALpac CEO.

The report found that although Canadian companies showed relatively high performance in the areas of business ethics, labour practices and health and safety, they lag behind on environmental and disclosure issues. The authors recommend that the real estate sector as a whole incorporate information gathering from stakeholders and best practices, an integrated corporate responsibility and sustainability policy, implementation of sustainability strategies and tactics, and communications planning to keep stakeholders informed about initiatives and achievements.

“Stakeholders, including governments, tenants and investors, are putting increasing pressure on companies to adopt green initiatives. This is about more than just the bottom line. This is a movement toward corporate responsibility and sustainability having a concrete impact on the real estate industry,” says Simon MacMahon, director of sustainability services at Jantzi-Sustainalytics and author of the report.


Posted: 2010-04-07 07:39:04

Ream more...

Want to sell condo Toronto? If yes then you are at the right place. At Canada, especially in Toronto your search for a perfect real estate broker to find out best Toronto Condo for Sale can’t end at a better place. I Marco Momeni, assures you best value for your condo and unmatched customer service at most competitive cost. I can even help you make your condo more attractive so that we can finish the whole transaction and selling procedure in least possible time. Selling a condominium in Toronto is a very herculean task. And if you want to try to sell condo Toronto all by yourself then the whole process will be nightmarish. So let me handle your Toronto condo for sale, I guarantee you best value at most affordable price. I even have the experience to take care of all the legal procedures such as preparation of agreement papers and various other necessary things which are required at the time of condo selling. We are committed to strike the best deal for your Toronto condo for sale by finding out the most suitable person or family who can pay you correct amount. I can achieve this by utilizing mine as well as your network of family, friends, neighbors, office colleague etc. I even strive hard enough to popularize your Toronto condo for sale by using internet, print and visual medium, and various other advanced advertising and marketing techniques. As I have years of experience selling, buying and renting properties in Canada and especially in Toronto, We know in great detail about the important factors that makes difference in sealing a deal. Using all these knowledge, I give my clients many inputs and advices about staging their property which makes them more attractive and gets them better return on that.