From the Wires
Morguard Releases 2010-2011 Corporate Sustainability Report; Building A Sustainable Future
By: PR Newswire
Nov. 19, 2012 10:39 AM
MISSISSAUGA, ON, Nov. 19, 2012 /CNW/ - Morguard Corporation (TSX: MRC) ("Morguard") today released its inaugural Corporate Sustainability Report online at www.morguard.com. Titled Building A Sustainable Future, the Report highlights Morguard's commitment to environmental, social and governance (ESG) initiatives.
"Sustainability is a strategic focus at Morguard," said Rai Sahi, Chairman and Chief Executive Officer, Morguard Corporation. "We have a responsibility and an opportunity to make a difference through our real estate assets by setting measureable, long-term sustainability goals that ensure shareholder value, responsible investment and stronger communities."
The Report used the Global Reporting Initiative (GRI) Framework for sustainability reporting and the Construction and Real Estate Sector Supplement (CRESS). It was self-declared as GRI Level B, indicating that Morguard has included disclosures on company profile, management approach, and a minimum of 20 additional indicators.
"Our Sustainable Morguard program will support our long-term goals and initiatives and build on our existing ESG policies and practices," said Sahi. "We have strong engagement from our employees, shareholders, tenants, clients and partners to achieve these goals."
Morguard Corporation also owns a 42.8% interest in Morguard Real Estate Investment Trust (TSX: MRT.UN) and a 56.1% effective interest in the Morguard North American Residential Real Estate Investment Trust (TSX: MRG.UN).
SOURCE Morguard Corporation
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