Purpose and Performance: Morguard Releases 2024 ESG Report

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[{"type":"text","content":"\n\n\n\n Purpose and Performance: Morguard Releases 2024 ESG Report\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n New ESG Strategic Framework, Significant GHG Emission Reduction, and Award-Winning Decarbonization Projects Highlight a Milestone Year\n \n\n\n\n\n MISSISSAUGA, ON\n \n\n ,\n \n\n May 8, 2025\n \n\n /CNW/ - Morguard Corporation (\"Morguard\") (TSX: MRC) today released its 2024 Environmental, Social and Governance (ESG) Report, detailing key accomplishments and outlining its path forward on sustainability, decarbonization, risk management, governance, and stakeholder engagement. To download the 2024 ESG Report, visit\n \n morguard.com/sustainability\n \n .\n \n\n \"As we celebrate our 50th anniversary, we are sharpening our focus on long-term resilience, climate action, and community impact,\" said\n \n Angela Sahi\n \n , President and COO, Morguard. \"We are committed to creating measurable value for our stakeholders by driving environmental progress and supporting communities through a strong and purpose-driven ESG approach.\"\n \n\n\n Environmental Highlights: Toward Net Zero\n \n\n In 2024, Morguard renewed its commitment to climate resilience and operational efficiency through an updated ESG Strategic Framework while continuing efforts to align future disclosures with the Sustainability Accounting Standards Board (SASB) and\n \n Canada's\n \n new Sustainability Disclosure Standards (CSDS).\n \n\n As part of its net-zero roadmap, Morguard reaffirmed its long-term targets, including a 50% reduction in greenhouse gas (GHG) emissions by 2030 and achieving net-zero across its portfolio by 2050. Progress toward these goals includes:\n \n\n\n 23.1% reduction in GHG emissions from the 2019 baseline\n \n\n 12.1% reduction in energy use across the portfolio\n \n\n A multi-phase decarbonization project at Rideau Towers in\n \n Toronto\n \n , resulting in a 1,400-tonne reduction in annual GHG emissions\n \n\n 94 properties underwent major retrofits or conservation upgrades, including HVAC systems, ...

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