First Capital REIT Announces Approval of Emissions Reduction Targets by the Science Based Target Initiative (SBTi) and Leadership Initiative for Climate Action

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[{"type":"text","content":"\n \n \n \n First Capital REIT Announces Approval of Emissions Reduction Targets by the Science Based Target Initiative (SBTi) and Leadership Initiative for Climate Action\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n First Capital REIT to target 46% reduction by 2030 and net-zero emissions by 2050\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 24, 2022\n \n \n /CNW/ - First Capital REIT (\"First Capital\" or \"FCR\") (TSX: FCR.UN) announced today that its 2030 greenhouse gas (GHG) reduction targets have been validated and approved by the\n \n Science Based Targets initiative (SBTi)\n \n . Additionally, FCR initiated and led the inaugural Collaboration for Climate Action Forum, a co-operative property owner and tenant engagement forum to collaborate on the mutual goal of decarbonizing retail buildings in\n \n Canada\n \n .\n \n \n \n SBTi Approval of FCR's 2030 Emissions Reduction Targets\n \n \n \n The SBTi is a partnership between the United Nations Global Compact, World Resources Institute, the Worldwide Fund for Nature and the CDP (formerly the Carbon Disclosure Project). The SBTi is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050. FCR is now one of only two Canadian REITs to have its emissions reduction targets validated by the SBTi.\n \n \n \"Validation from the SBTi is another example of our commitment to Environmental, Social and Governance (ESG) leadership over the past decade,\" said\n \n Adam Paul\n \n , President and CEO of First Capital. \"By aligning with climate science, we aim to do our part to help reduce GHG emissions in the global fight against climate change, moving us towards a better, cleaner, promising future for all.\"\n \n \n First Capital's science-based emissions reduction target is to achieve a reduction of 46% in Scope 1 & 2 emissions by 2030. As part of its GHG reduction plan, FCR has a...

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