At Concert Properties, environmental, social and governance (ESG) principles have always been part of our DNA. From giving back to the communities where we work, to creating jobs through skilled union labour and delivering long-term returns for the Canadian pensions plans and institutional investors that own us, our 35-year history reflects a sincere commitment to building a people-first future.
Carrying that momentum forward, we’re pleased to share our 2024 ESG Report, which brings greater structure, transparency and accountability to our ESG approach. This 2024 report also introduces our Social Purpose, ESG Strategy and new Three-Year Plan—an ambitious yet practical roadmap for integrating sustainability across our operations and decision-making.
Over the past year, we focused on strengthening the systems and structures that support ESG across the company. We formalized governance through an Executive ESG Committee and a cross-functional Working Group, introduced new performance tracking tools and began setting clear targets to guide our work over the next three years.
“This report demonstrates how ESG and our Social Purpose are being put into practice across our business—from strategy to execution,” says Ruth Legg, Vice President, ESG. “It’s a reflection of our people and partners and the real-world impact we are striving to achieve.”
The report features key metrics, case studies and examples of how ESG is being incorporated across our operations, investments and community partnerships. Some of the work highlighted across our company includes:
- LEED Platinum certification for TESORO, our newest condominium at The Creek, recognizing its exceptional environmental performance.
- A solar power partnership in Ontario, reducing emissions and energy costs through an energy-as-a-service model.
- Climate resilience work at North Harbour, including shoreline upgrades to address future sea level rise.
- An updated DEI Framework, grounded in employee feedback to guide inclusion efforts company wide.
- Our Reconciliation Action Plan and Indigenous Mapping Guide, reflecting our commitment to meaningful Indigenous engagement and learning.
This year’s report was developed using global ESG frameworks—including GRI, TCFD, SDGs and the Canadian Purpose Economy Project (CPEP)—to reflect the principles that have long guided our work, alongside a renewed focus on transparency and accountability.
“When we embed our Social Purpose and ESG Strategy into how we operate, we’re not just living our values, we’re building a more resilient business,” says Legg. “It’s a long-term strategy that helps manage risk, attract investment and deliver stronger outcomes for our communities and our company.”
As we deepen our ESG commitments, we’re building a future where our decisions, big and small, reflect the values we stand for and the communities we’re proud to create. Click here to read our 2024 ESG Report.