Tricon Residential Releases 2022 ESG Annual Report
ESG Report Highlights Tricon’s Success in Delivering on Our Promise of a People-First Culture, Outstanding Resident Experience and Environmental Sustainability
“I am delighted to share our annual ESG report which highlights our commitment to sustainability and good corporate citizenship, and showcases meaningful progress across our ESG initiatives,” said
Some of Tricon’s key accomplishments highlighted in the report include:
Our People
-
Achieved
88% overallGreat Place to Work® employee survey satisfaction score, an improvement of four percent year-over-year. -
Recognized by Best Workplaces® in
Real Estate & Property Development .
Our Residents
- Pledged a first-of-its-kind resident Bill of Rights that promises our single-family rental residents a quality home with genuine, caring, and reliable service.
- Launched Tricon Vantage, a market-leading suite of resources to help residents realize their financial goals and enhance their long-term economic stability. The core of the program is our long-standing practice of voluntary self-governing on renewal rents, whereby Tricon caps annual rent increases for existing residents at rates typically below market. Tricon Vantage also offers residents a down payment assistance program, a credit builder program, and a resident home purchasing program through which qualifying residents are given the first opportunity to buy their home should we elect to sell it.
Our Impact
- Developed and launched an industry-leading energy consumption model for our single-family rental portfolio, enabling Tricon to be proactive in reducing our resource consumption.
-
Invested in approximately 55,000 ENERGY STAR®-rated appliances in our homes over four years, reflecting a
investment and estimated energy consumption savings of 262,000 MWh compared to equivalent standard models.$111 million -
Targeting LEED Gold certification across
93% of the active Canadian multi-family development pipeline, representing over 3 million square feet of residential space.
Our Governance
-
Reached the Board of Directors gender diversity standards of the
30% Club Canada.
Our Innovation
- Launched a proprietary Resident App to improve residents’ everyday lives by allowing them to control their home’s smart devices, submit maintenance requests, track work order progress, and receive real-time status notifications, all in one convenient mobile application.
ESG Ranking Improvements
- Improved overall Global Real Estate Sustainability Benchmark (“GRESB”) rating by 24 percent relative to our inaugural 2021 performance.
- Strengthened Sustainalytics risk rating by 33 percent and upgraded MSCI ESG risk rating to A in 2022 from BBB in 2021.
The full 2022 ESG report, a summary digest version, and our 2022 ESG scorecard are available on Tricon’s website at: www.triconresidential.com/about/sustainability/.
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005210/en/
Investors
EVP & Chief Financial Officer
Managing Director, Capital Markets
Email: investorsupport@triconresidential.com
Media
Vice President, Communications
Email: mediarelations@triconresidential.com
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