2022 Key Accomplishments
11.47% GHG emissions reduction compared to our baseline year (2018)
2,200 homes under construction meet or exceed energy efficiency and low-carbon emission building requirements
$7.5 million committed to trades training through a major gift to the British Columbia Institute of Technology for the Concert Properties Centre for Trades & Technology
170 affordable rental housing suites developed in 2023
Nearly $4.4 million raised through our annual charity golf tournaments for trades training institutions across Canada since 1996
Provided subsidized housing, programming and fundraising to support at-risk youth to Youth Without Shelter and Covenant House
Completed the new state-of-the-art 55,000-square-foot Bettie Allard YMCA through an innovative partnership with the City of Coquitlam and the YMCA
Introduced DEI-related training, policies and programs as part of a multi-year strategy
Homes provided to refugees through our partnership with Journey Home Community’s Meanwhile Spaces pilot program
651 purpose-built rental homes under construction, including 170 affordable rental homes
Updated and introduced a number of key policies in the company, including a Whistle Blower Policy
Named BC Top Employer two years in a row
We recognize the importance of reaching net-zero carbon emissions by 2050, a milestone set by Canada and the international community to combat the worst effects of climate change. We recognize that the pathway to get there is not clear, but we are committed to take action. We are also honoured to have received the BC Top Employer Award for the second year in a row. This award specifically validates our efforts to foster a positive and inclusive workplace where employees feel heard.David Podmore, OBC, Co-Founder, Chair
Our business operations are grounded in and tied to our three founding principles:
- Deliver attractive, long-term returns for the Canadian union and management pension funds and institutional investors who own us.
- Create jobs and use skilled construction union labour.
- Give back to the communities where we work.
These principles guide our vision of building resilient, inclusive and sustainable neighbourhoods across Canada to improve the lives of the people who live and work in our communities. Concert Properties is strongly focused on building a peoplefirst future for Canadians, by Canadians through collaboration, consultation and communication.
We view ESG as an evolving process and continually review and revise our initiatives and priorities. To that end, we refreshed our approach to sustainability in 2019, creating a framework to build upon as priorities and issues change. This framework was updated in 2022 so that our ESG Guidelines better align with our current objectives and employees and other interested parties can better understand our approach to sustainable development and ESG issues.
We recognize the importance of reaching net-zero carbon emissions by 2050, a milestone set by Canada and the international community to combat the worst effects of climate change. We recognize that the pathway to get there is not clear, but we are committed to take action as we aspire to this global target.
We are proud to see that our ESG-related efforts are being recognized. We have received several awards this year, including the Canadian Council for Public-Private Partnerships (P3) 2022 Gold Award for Project Development for the work by Concert Infrastructure on the first-ever P3 high school bundle in Alberta. We are also honoured to have received the BC Top Employer Award for the second year in a row. This award specifically validates our efforts to foster a positive and inclusive workplace where employees feel heard.
Our commitment to social responsibility and those who work and live in our communities includes our activities with local notfor-profits such as Journey Home Community and the launch of their Meanwhile Spaces pilot program, where we provided safe and stable short-term housing for refugee claimants in BC.
This commitment also includes developing and constructing critically important neighbourhood amenities such as the new Bettie Allard YMCA, Coquitlam’s first YMCA and the centrepiece of our new transit-oriented, master-planned community, Heart of Burquitlam. This community also includes our rental tower, 55One, providing the largest infusion of affordable non-market housing in Coquitlam to help address the diverse needs of this rapidly growing area.
I’m heartened by these accomplishments that reaffirm our vision of building resilient, inclusive and sustainable communities across Canada. This report reflects our achievements over the past year and introduces some initiatives we will continue pursuing in the future.Sincerely,
David Podmore, OBC, Co-Founder, Chair
Our ESG Pillars
Creating the Concert Sustainability Framework
Our comprehensive Sustainability Framework outlines our specific commitments and guides all our business decisions. From outlining our goals to breaking down our short-term objectives into measurable steps, our framework holds us accountable as we tackle all aspects of sustainability.
Concert Properties Gives Back
We are deeply invested in improving the lives of the people who live and work in our communities. This philosophy extends to our corporate giving program, and we invest in trades training programs and causes focused on housing and the health and welfare of Canadians. We also donate employee time, money and resources to worthy projects and organizations all over Canada.
The people [that work here] care about each other and are truly proud and passionate about Concert Properties and the work we do. We contribute to the community in so many amazing ways. And, there’s a clear, focused effort across the organization on achieving new successes each day without sacrificing our core values.Lawrie Lerner, Vice President, Investments, Toronto
It is quite special to be working for a such a large company that has a lot of heart.Romina Gonzalez, Resident Services Manager, Vancouver
Concert Properties is my community, and because of participation in things like [The Ride to Conquer Cancer], they help me support my larger community. That means the world to me.Katrina Cadesky, Sales Coordinator, Toronto
"At Concert we are trying to demonstrate a model of how a national developer can take serious action on climate change, while also addressing housing affordability and providing healthy stable returns for our investors. These are exciting times and there is lots to do.”
- Dave Ramslie, Vice President, Innovation & Sustainability
Sustainability Goals & Targets
As a company, we weave environmental, social and economic sustainability practices into every level of our business. Where possible, we seek to maximize synergies among these three priorities.
Operational Carbon Emissions
Reducing carbon pollution is a top priority for Concert. We’re committed to achieving an 80% reduction in our corporate GHG emissions by 2050.
Embodied Carbon Emissions
As we aggressively reduce our buildings’ operational emissions, our focus will shift to tackling the embodied emissions that result from the construction of our buildings. We’re committed to tracking these emissions on every project, and reducing them where possible.
Whether we’re building new properties with the latest environmental innovations or retrofitting existing properties, reducing GHG emissions and creating healthy spaces in our properties are top priorities.
We seek to minimize waste in our business operations and building operations, offering solutions like multi-source recycling programs and innovative construction waste diversion practices.
Health & Social Wellness
Through thoughtful design of facilities, amenities and programming, we foster healthy choices and community connection, enhancing the well-being of our residents.
We want Concert properties to be accessible to everyone. We seek to be equitable and inclusive in all that we do, and to continue creating affordable housing options.
We carefully consider walkability scores in neighbourhoods where we develop buildings, and have introduced initiatives to encourage carpooling, cycling, transit and the use of electric vehicles among our staff.
We know we have a long way to go. That’s why we feel it’s important to disclose key metrics, such as our annual GHG emissions, so our wider community helps hold us accountable to our goals.
BC Business Business of Good Award
Recognizing BC-based companies with pioneering environmental sustainability initiatives
HUB Bike Friendly Business Award
In celebration of businesses that encouraging employees and customers to bike to work
BOMA Toronto Earth Award
Awarded for our 2010 Forensic Services and Coroner's Complex project
Toronto BILD's Stephen Dupuis Award
Given to Concert in 2020 in recognition of our corporate social responsibility initiatives