Morguard Corporation Releases 2016 Sustainability Report: Results Realized Through Best Practices in Responsible Property Investing

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[{"type":"text","content":"\n\n\n\nMorguard Corporation Releases 2016 Sustainability Report: Results Realized Through Best Practices in Responsible Property Investing\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\nCanada NewsWire\nMISSISSAUGA, ON, May 8, 2017\n\n\n\nMISSISSAUGA, ON, May 8, 2017 /CNW/ - Morguard Corporation (TSX: MRC) (\"Morguard\") today released its 2016 Sustainability Report, demonstrating positive results across environmental, social and governance (\"ESG\") indicators. Understanding the priority investors place on Responsible Property Investing (\"RPI\"), Morguard's approach was a key driver in its successes in sustainability. To download the Highlights Report or the full Sustainability Report, visit www.morguard.com.\n\nMorguard's approach to RPI is a best practice in the Canadian real estate industry. Incorporating environmental, social and governance indicators into property business and capital plans, provides investors with critical insights and allows Morguard to manage and operate efficient buildings. With a direct correlation between RPI and investment performance, this process results in value creation and operational excellence. \n\nDemonstrated Results Over Time\n\nSustainable Morguard, the company's sustainability program, established in 2009, has produced numerous successes. In its first five years, from 2010 to 2015, Morguard's property management teams achieved a 14% reduction in energy consumption, a 24% reduction in greenhouse gas emissions and a 19% reduction in water consumption.\n\nIn 2016, Morguard adjusted to a 2015 baseline and continued to reduce environmental impacts including energy consumption (2.8% reduction), Greenhouse Gas (GHG) emissions (3.3% reduction), water consumption (1.1% reduction) and waste to landfill (2.0% reduction).  These results saved an estimated $1.6 million in operating costs for office and retail tenants over a one-year period. \n\nMorguard is committed to investor disclosure and was an early adopter of the Global Reporting Initiative (GRI) G3 sustainability reporting framework in 2010, including the Cons...

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