Canadian real estate and infrastructure firms achieved strong results in the 2020 GRESB assessments. Over 50% of Canadian participants earned 4- or 5-star ratings, with 11 firms receiving 5 stars. Canadian participants continued to demonstrate leadership in areas like sustainability disclosure, resilience and adaptation planning, and measuring environmental impacts. Key highlights included Canada retaining the top spot in North America, and speakers from several major Canadian real estate and infrastructure firms and organizations discussing sustainability best practices. The results indicate that Canadian firms are well-positioned to advance environmental, social and governance performance in real assets.

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Welcome & Introduction | Michael Brooks, CEO, REALPAC
GRESB Real Estate Results | Dan Winters, CRE, GRESB Head of Americas
Canadian Leaders
• Ridhima Nayyar, Manager, Sustainability, RioCan REIT
• Jamie Gray-Donald, VP, Sustainability & Environmental Health & Safety, QuadReal Property Group
• Conan O’Connor, VP Technology, Energy Profiles Limited
• Francisca Quinn, Founder and President, Quinn & Partners
Closing Remarks | Michael Brooks, CEO, REALPAC
2020 RESULTS

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Investor-Led Growth

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Advancing Participation
+22%

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USD 4.8 tn
Breakdown by region
1,229 +96 kGlobal Reach
93
OCEANIA

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Alberta Investment Management
Allied Properties REIT
BentallGreenOak
Boardwalk REIT
CAPREIT
Choice Properties REIT
Colliers Canada
Crown Realty Partners
Desjardins Global Asset Management
Fiera Real Estate Investments Limited
First Capital Realty Inc
Greystone Managed Investments Inc.
GWL Realty Advisors Inc.
Healthcare of Ontario Pension Plan
InterRent Real Estate Investment Trust
Ivanhoe Cambridge
Killam APT REIT
KingSett Capital
LaSalle Investment Management
Manulife Investment Management
Menkes Property Management Services Ltd
Minto Properties Inc.
Oxford Properties Group Incorporated
QuadReal Property Group
RioCan Management Inc.
The Cadillac Fairview Corporation
Triovest Inc.
Woodbourne Capital Management Inc.
Canadian Firms

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2020 RESULTS

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GRESB Model
Regional scores comparison

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Oh Canada!!
Extending the Lead

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Canadian Achievements
>50% of participants earned GRESB 4 or 5 Stars
GRESB 5 Stars = 11
GRESB 4 Stars = 6

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- Granularity
- Reliability
- Quality control
- Error detection
- Normalisation
- Asset-level
benchmarking
- Defining + scoring
true performance
- Local and global
targets
Data
Availability
Performance
Insights
Benchmarking 2.0
Data
Quality
GRESB 2020 :: data availability to focus on real performance
Transition to Performance
2020
10 Years

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39
Public Disclosure
Increased transparency on material ESG issues
210
156
276
17
Americas
Europe
Asia
Africa
Level A
Level B
Level C
Level D
Level E
Number of constituents
Oceania

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Resilience & Adaptation
121
238
412
Americas Europe Asia Oceania
% participants
13%
24%
34%
2018
2019
2020

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Industry Focus :: Net Zero Transition
Towards a carbon positive built environment

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Measuring Impacts
Investing with outcomes
Source: GBCA, 2020

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Sector Leaders – Americas
#1 in Canada!

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ESG IN ACTION
Canadian Leaders
• Ridhima Nayyar, Manager, Sustainability, RioCan REIT
• Jamie Gray-Donald, VP, Sustainability & Environmental Health &
Safety, QuadReal Property Group
• Conan O’Connor, VP Technology, Energy Profiles Limited
• Francisca Quinn, Founder and President, Quinn & Partners

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GRESB Infrastructure Fund Results

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GRESB Infrastructure Asset Results

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Regional Scores + Coverage

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Asset Sectors

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Fund Model - Americas

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Asset Model - Americas

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Appendix A: 2020 Assessment Changes
Indicators removed
• DMS & Monitoring methods: ME2 / ME3 /
ME4
• Intensities: PI1.2 / PI2.2 / PI3.2
• Green leases: SE10.2
• Reward for Asset-level reporting
Indicators reweighting
• Restructuring into Components
• Blanket weights 30/70
• Heavier weight on dynamically-scored indicators
New indicators
• Health & Well-being: SE3.2 / TC5.2
• Grievance mechanism: SE8
ESG Improvements
• Net score improvement
• Other variables controlled
Other factors not considered
• Benchmarking level (Type > sub-Type)
• Relaxed LFL eligibility rules
• Benchmarking modelling (Discrete vs.
Continuous)
• New year, new benchmark (!)