Our vision is to build a blue chip, globally diversified logistics real estate company that thoughtfully incorporates ESG principles in its portfolio and business practices.
Our Commitment
ESG+R at Granite REIT
Granite institutes ESG+R practices into its management approach and operations to build a blue chip, globally diversified logistics real estate company that ensures the efficient use of resources and promotes the prosperity of the natural environment.
To make progress, Granite has established short and long-term sustainability goals and objectives that are considered during every decision-making process.
- Environmental Granite’s environmental impact is a direct result of its sites’ utility consumption, waste generation, and geographic location. To mitigate adverse impacts and promote environmental stewardship, Granite takes an active approach in facilitating data collect, sustainability development, and conservation across its properties.
- Social We seek methods to communicate with all our stakeholders to promote strong working relationships and build connections beyond the walls of our properties. Whether it’s providing ESG+R resources to our tenants or promoting volunteerism and employee health, Granite plays an active role in supporting people in and outside of our work place.
- Governance Granite pursues good governance through transparency and ethics, setting and connecting standards of excellence across our offices and properties.
- Resilience Granite is committed to protecting the company against risks to ensure our stakeholders remain confident in our performance and ESG+R program. Granite connects its teams with the tools and resources needed to accurately identify and report risk.
ESG+R and Sustainability Reports
| Year | Title | Download |
|---|---|---|
| 2020 | Green Bond Framework | Download Green Bond Framework |
| 2020 | Second Party Opinion | Download Second Party Opinion |
| 2024 | Green Bond Use of Proceeds Report | Download Green Bond Use of Proceeds Report |
| 2023 | Green Bond Use of Proceeds Report | Download Green Bond Use of Proceeds Report |
| 2022 | Green Bond Use of Proceeds Report | Download Green Bond Use of Proceeds Report |
| 2021 | Green Bond Use of Proceeds Report | Download Green Bond Use of Proceeds Report |
| 2020 | Green Bond Use of Proceeds Report | Download Green Bond Use of Proceeds Report |
| 2023 | ESG+R Report | Download ESG+R Report |
| 2022 | ESG+R Report | Download ESG+R Report |
| 2021 | ESG+R Report | Download ESG+R Report |
| 2020 | ESG+R Report | Download ESG+R Report |
| 2020 | ESG Overview | Download ESG Overview |
| 2019 | Sustainability Plan | Download Sustainability Plan |
Measuring the Impact
We measure our ESG+R impact to ensure we reach our targets and are making a positive impact.
- Allocated to green projects
- $1,161.3 million
- Intensity energy reduction (per sf)
- 49.1%
- Intensity emissions reduction (per sf)
- 79.2%
- Intensity water reduction (per sf)
- 61.0%
- PV system peak generation
- 22.79 MW +
- Contributed to communities
- $180,000 +
- Supported organizations in 2023
- 15
- Diverted from landfills
- 72,000 tonnes
Biodiversity and Beehives
Beyond influencing utility consumption, Granite explores other sustainability initiatives to deploy across our sites that encourage environmentally conscious practices, such as access to alternative transportation and education on biodiversity.
Granite currently has three beehives across three properties in Ontario, Canada that are managed by Alvéole, a hands-on beekeeping service. As keystone species, bees and pollinators in general play an essential role in fostering biodiversity and we encourage preservation and protection for them. In our efforts to promote a healthy environment, with the help from our on-site honeybees, we are able to use the bees as education tools, purchase Alvéole honey products to share our beekeeping story, and provide real-time metrics on our beekeeping efforts.
Find out more information about Granite's beehives in Concord, Mississauga, and Brantford.
- Locations
- 3
- Beehives
- 3
- Total bees
- 50,000
- Traveled per day pollinating
- 54,000 km