Business
Morguard's 2014 Sustainability Performance: Reducing Our Environmental Footprint to Enhance the Long-Term Value of the Real Estate Portfolio
MISSISSAUGA, ON , May 21, 2015 /CNW/ - Morguard Corporation (TSX: MRC) released its ...
About this update from Morguard Corporation
[{"type":"text","content":"\n\nMISSISSAUGA, ON, May 21, 2015 /CNW/ - Morguard Corporation (TSX: MRC) released its 2014 Sustainability Report demonstrating a five-year track record of continuous performance improvements in environmental, social and governance (ESG) initiatives.  \n\nFive Year Sustainability Highlights\n\n\n11.4% reduction in energy use and 22.3% reduction in water consumption since 2010 \n48 BOMA BESt and 10 LEED certified green buildings \nTop 35 Best Employers in the Greater Toronto Area \nThree GOLD Awards and One Silver Award as Canada's Safest Employer \nCanadian Future 40 Responsible Corporate Leader two years running\n\n\"We continue to realize reductions in energy, water and greenhouse gas emissions at our owned and managed buildings that have earned recognition for our sustainability program,\" said K. (Rai) Sahi, Chairman and Chief Executive Officer, Morguard Corporation.  \"These achievements not only reduce the environmental footprint of our portfolio, but also enhance the long-term value of properties and increase our ability to attract and retain tenants.\"\n\n2014 Sustainability Highlights\n\nElectricity and natural gas are the primary areas where Morguard's property professionals implement sustainability programs that create cost savings for owners and tenants. Morguard's management teams, in conjunction with owners, establish strategic plans aimed at improving building efficiency and meeting tenants' needs. Morguard has reduced energy use again in 2014 through such initiatives as new mechanical systems, lighting retrofits, recladding, recommissioning of building systems, energy audits and certifications that all contribute to increased efficiencies.\n\nMorguard's sustainability initiatives at its Canadian office and retail properties resulted in a significant cost savings through reductions in building energy, water and greenhouse gas emissions (GHG), over the baseline year of 2010.\n\n\n\n\n\n\n\n\n\n\n\n\nEnergy            \n\n\nGHG              \n\n\nWater\n\n\n\n\n\n\n\n\n\n\n\n\nReductions in 2014                               &...