Profile
Crown acquires, leases, manages and redevelops commercial real estate assets across Canada. Crown has a well-established track record, an experienced team and takes a hands-on approach to provide superior returns for our investors and better workplaces for businesses operating within our portfolio.
The Partners of Crown co-invest alongside the corporations, institutions, pension funds and family offices that entrust us with their capital, ensuring strong alignment of interests.
Crown considers ESG (Environmental, Social and Governance) at every step of the real estate investment lifecycle. Our model of active, integrated management prioritizes environmental and social sustainability preserves and creates the greatest value for all our stakeholders. Learn more about Crown’s commitment to sustainability. Stay up to date with by following their LinkedIn.
Accomplishments at the Building Portfolio
- Number of buildings in the portfolio enrolled in GWI: 11 of 11
- GHG emissions intensity: 1.83 kgCO²e/sq ft²/yr
- Total GHG emissions:7, 327 tCO²e/yr
Second annual ESG Report released with a focus on climate change and decarbonization of office properties
In 2022, Crown released its
second ESG report, following the Sustainability Accounting Standards Board (SASB) and
Task Force on Climate-Related Financial Disclosures (TCFD) frameworks. Crown focused on energy, water, waste generation, and GHG emission reduction, striving to achieve a 15 per cent reduction in energy use intensity, 15 per cent reduction in water use intensity, and 80 per cent capture rate for non-hazardous waste for its Core Fund.
Established Internal ESG Committee
Crown has formed an
ESG Committee and conducted materiality assessment to guide ESG reporting. The ESG Committee is responsible for advancing Crown’s ESG strategy and consists of a cross-section of Crown’s leadership team representing different geographies, departments, and roles.
5-Star GRESB Rating received from 2019-present
2021 marked Crown’s third year reporting on its ESG strategy and the performance of its Core Fund of GTA office properties. Crown achieved 5-star rating and overall score of 94 in the 2021 Global Real Estate Sustainability Benchmark (
GRESB), a global standard for benchmarking sustainability performance for real asset investments. Crown ranked 5th out of 19 North American un-listed office peers, a notable achievement, given the prestigious list of participating firms, receiving Canadian Honours.
Ninety-eight per cent of Fund Portfolio achieved sustainability certifications in 2021
Sustainability certifications have always been a key component of Crown’s building operations. These certifications guide their operational team’s performance and identify opportunities for improvement. They also send a signal to investors that an asset that has been repositioned and managed by Crown is resilient.
Crown Fund Property Receives National TOBY Award
The office complex located at
10 and 20 Carlson Court, Etobicoke received a 2021 National TOBY Award in the Suburban Office Park – Mid Rise category. The TOBY is one of the most prestigious and comprehensive awards of its kind, recognizing quality in commercial real estate buildings and building management. The office community enjoys the “best-in-class” on-site amenities, including a WorkFit by Crown Fitness Centre, Collaborate by Crown conference facility, a sprawling tenant lounge, and plenty of outdoor greenspace.
Diversity, Equity & Inclusion Commitment & Training
Crown has developed a
Diversity Equity & Inclusion commitment together with a training program. Crown emphasizes that equal opportunity is integral to the recruitment process in order to develop a community of diverse talent.
Disclaimer: Profiles presented are based on information provided by participants. Participants’ GHG emissions performance published are based on utility data submitted and converted to GHG emissions. The emission factors applied aligns with the period of energy data reported (2020). The emission factors utilized for the conversion are calculated based on a combination of sources: Government of Canada (National Inventory Report & Canada’s Proposed Greenhouse Gas Quantification Requirements), Government of Ontario (Guide: Greenhouse Gas Emissions Reporting), The Atmospheric Fund (A Clearer View on Ontario’s Emissions – Electricity emissions factors and guidelines) and Enbridge Gas Inc. (Chemical Composition of Natural Gas).
