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“We build and operate commercial real estate to save the global environment, not to destroy it.
We build and operate to foster human wellness, not to undermine it.
We build and operate to promote diversity, not to impose uniformity.
We build and operate to facilitate creativity, not to encourage conformity.
We build and operate as city builders, which in a way embraces everything else.”

MICHAEL EMORY

ENVIRONMENTAL: Our impact on the natural world at both corporate and property levels.

SOCIAL: Our relationship with key stakeholders, including users, employees, suppliers and the communities in which we operate.

GOVERNANCE: Our internal policies, programs and processes that support the management of our business and the execution of ESG-related activities.

Highlighting Allied’s ESG Achievements

Allied is committed to the ongoing evolution of our ESG program and performance. Working with team members and external partners, we continue to achieve our goals and set new ambitions for the future.

Outperformed 2024 Targets

In 2022, we continued to exceed our 2024 reduction targets for Energy Use Intensity (EUI), Greenhouse Gas Intensity (GHGI) and Water Use Intensity (WUI).

Continued to Improve GRESB Scores

In 2023, we achieved a score of 85/100 for our standing investments and a score of 87/100 for developments, representing continuous improvement overall.

Developed an Internal Price of Carbon

Established Allied’s shadow price of carbon to support financial analysis and decision-making for all our new investments, developments and retrofit opportunities by assigning a monetary value to every tonne of carbon emitted.

Recognized as a Canadian “Best Employer” in 2023

Since 2020, we have engaged Kincentric to conduct a third-party employee engagement survey. We were recognized as a “Best Employer” in 2020, 2021 and 2023.

Co-hosted Indigenous Relations Workshop Series

Allied partnered with ULI Toronto, Shared Path and Westbank to deliver a workshop series for leaders in the industry to advance their understanding of colonization and its impact on Indigenous Peoples, and to start exploring opportunities to collaborate in real estate development.

Outperformed Peers in User Experience Assessment Ratings

In October 2023, we completed our annual third-party User Experience Assessment Survey. Results demonstrated year-over-year progress, with improved ratings in key areas and an overall increase in user satisfaction.

Established 70% Certification Target for Standing Portfolio

Allied will certify an additional 8.1 million square feet to LEED and/or BOMA BEST by 2028, at a cost of $0.09/square foot, increasing its certification percentage from 27% to 70% across the portfolio.

REPORTS

PDF


2022 ESG Report


2021 ESG Report


2020 ESG Report


2019 ESG Report

GREEN FINANCING

PDF


Allied’s Green Financing Framework


Green Financing Framework, Sustainalytics Second-Party Opinion


August 2021 Green Bond Report


August 2021 Green Bond, Sustainalytics Second-Party Opinion


February 2021 Green Bond Report


February 2021 Green Bond, Sustainalytics Second-Party Opinion

Governance framework – declaration of trust, mandates & policies

PDF


Declaration of Trust


Trustees’ Mandate


Role and Mandate of the Executive Chair


Role and Mandate of the Lead Trustee


Mandate of the Chief Executive Officer


Governance, Compensation and Nomination Committee Terms of Reference


Audit Committee Terms of Reference


Environmental, Social and Governance Policy


Disclosure Policy


Insider Trading Policy


Whistleblower Policy


Code of Business Conduct


Supplier Code of Conduct


Advance Notice Policy


Majority Voting Policy


Accessibility and Customer Service Policy

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