Business
Responsibility, Advocacy, Action: Morguard Releases 2017 Sustainability Report
Responsibility, Advocacy, Action: Morguard Releases 2017 Sustainability Report Can...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\nResponsibility, Advocacy, Action: Morguard Releases 2017 Sustainability Report\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, April 24, 2018\n\n\n\nMISSISSAUGA, ON, April 24, 2018 /CNW/ - Morguard Corporation (\"Morguard\") (TSX:MRC) today released its 2017 Sustainability Report, delivering strong results in key environmental, social and governance indicators. To download the Sustainability Report or the Highlights Report, visit www.morguard.com.\n\n\"As a commercial real estate leader, we have an obligation to make a positive impact on the communities where we operate and fulfil our responsible property investment commitments,\" said K. Rai Sahi, Chairman and CEO, Morguard Corporation. \"By integrating the principles of sustainability into our business, we are not only creating better places for people to work and live, we are creating long-term value for our shareholders, clients, tenants and employees.\"\n\nIn 2017, Morguard's company-wide sustainability program achieved significant advances in key sustainability metrics as compared to the company's 2015 baseline results:\n\n\n4.0% reduction in energy use - enough to power 1,880 homes for a year\n5.1% reduction in greenhouse gas emissions - equivalent to eliminating emissions from 1,010 passenger vehicles\n4.5% reduction in water use - equivalent to 30 Olympic swimming pools\n4.3% increase in total percentage of waste recycled - a total of 7,359 tonnes diverted from landfill\n\nAt the end of 2017, the Company's owned and managed portfolio included 11 LEED® certified green buildings and 60 properties certified under the BOMA BEST® environmental performance criteria. Green buildings provide numerous benefits, including lower costs for tenants; improved health and safety for employees, tenants and visitors; and protection of the environment. \n\nReductions in energy and water usage also contribute to strong financial performance while aligning with Responsible Property Investing (\"RPI\") requirements vital to shareholders and institutional clients. Morguard incorpor...