Leading the Way on ESG
RioCan is one of the leaders within the Canadian real estate industry on Environmental, Social and Governance (ESG) best practices. As part of our pledge to continuous improvement, we participate in the GRESB survey every year and are proud to have earned the highest possible rating for our performance.
As a real estate investment trust, we shape the future, and as community stewards we have a responsibility to do it right, sustainably and sensibly.
We strive to lead the industry by initiating conversations about more sustainable options in the communities where we operate – conversations with all our stakeholders, including customers, tenants, employees, co-owners, investors, planners, regulators, and suppliers.
- 5 Star Rating
2020 GRESB Real Estate Assessment
- 1st Among Canadian Peers
GRESB Public Disclosure Assessment
- 1st REIT in Canada
To launch a Green Bond Framework and issued two bonds valued at $850M
- 90+ BOMA Best Certified Sites
Representing ~50% of GLA *at 100% for commercial
Environmental Commitments
- Winner of the Greater Toronto’s Top Employers competition
- Named one of the Best 50 Corporate Citizens in Canada by Corporate Knights
- BlackNorth CEO Pledge
Initiated by the Canadian Council of Leaders Against Anti-Black Systemic Racism
- ILEO Charter
Inclusive Local Economic Opportunity advances the goal of an inclusive rebuild
- RioCan Cares program provides much needed assistance to local charities and hospitals
Social Commitments
- ESG rating upgrade by Morgan Stanley Capital International for improving employee management programs and green building certifications
- Received Outstanding In-House Company Diversity & Inclusion Award from Chambers and Partners for including ESG objectives in every bonus-eligible employee performance scorecard
- Implemented a Sustainability Policy and Plan for RioCan’s Development department
- Established RioCan Diversity, Equity & Inclusion Council and appointed DEI Officers
Governance Commitments