Fiera Properties considers ESG factors in investment decisions, including: access to transit, building certifications, environmental hazards, energy and water efficiency, natural hazards and health and safety. Fiera Properties utilizes external consultants during due diligence to provide subject expertise. It also considers ESG in ongoing asset management and development decisions.
Fiera Properties works closely with third-party property managers to address ESG risks and opportunities. Managers report on ESG indicators, including: energy, water, waste, greenhouse gas emissions, certifications, audits and tenant engagement. Consultants conduct environmental, health and safety assessments every three years and property managers use an online platform to demonstrate compliance.
Fiera Properties encourages property managers and partners to implement ESG best practices. It also participates in industry initiatives including the Global Real Estate Sustainability Benchmark (GRESB) and the REALpac/IPD green index.
In 2016, Fiera Properties ESG performance included:
Energy reduction: -0.5%
Water reduction: -20%
Building certifications: 452,074 sf (9% of portfolio)
Tenant engagement: 1,466,610 sf (28% of portfolio)
Community engagement: 1,293,859 sf (25% of portfolio)
Audits conducted in last 3 years (% of portfolio)
Indoor air quality: 20%