Killam Apartment REIT Achieves Remarkable GRESB Score
In a significant announcement, Killam Apartment REIT (TSX: KMP.UN), a prominent player in the residential real estate market, has revealed its 2025 GRESB score, reflecting its commitment to environmental, social, and governance (ESG) practices. Achieving a score of 82 out of a maximum of 100 marks a notable three-point improvement from the previous year, highlighting the proactive measures undertaken by Killam.
Commitment to Sustainability
Philip Fraser, President and CEO of Killam, emphasized the importance of sustainability in the company's long-term strategy. He stated, "As an owner and operator of residential real estate, we regard sustainability as integral to our corporate strategy. By embedding sustainability in our operations, we’re not only creating value for our residents, investors, and communities but also significantly reducing our environmental footprint."
Key Initiatives Driving Success
The significant GRESB score is a result of various initiatives that Killam has implemented across its portfolio. These initiatives include:
Energy, Emissions, and Water Reductions
Killam has successfully recorded year-over-year reductions in energy consumption, greenhouse gas emissions, and water usage. This progress demonstrates the company’s dedication to fostering a sustainable living environment within its properties.
Enhanced Waste Reporting
Collaboration with waste haulers has led to expanded waste data coverage, increasing from 52% in the previous year to an impressive 82% in 2024. This initiative ensures better tracking and management of waste within its operational framework.
Building Certifications
The percentage of Killam’s portfolio certified under the Certified Rental Building Program has risen from 28% to 51%. This increase showcases the company's efforts to meet recognized standards of quality and sustainability.
ESG Training for Employees
Recognizing the importance of education, Killam has significantly increased the number of employees undergoing ESG training. This initiative strengthens organizational awareness and enhances engagement in sustainable practices across the company.
The Importance of GRESB
GRESB, an industry-driven entity, plays a crucial role in assessing the ESG performance of real assets worldwide. Its annual benchmark offers standardized and validated data to investors and stakeholders, thus promoting transparency and accountability in sustainability practices.
About Killam Apartment REIT
Killam Apartment REIT is one of the largest residential real estate investment trusts in Canada, managing an impressive $5.5 billion portfolio comprised of apartments and manufactured home communities. The company strategically focuses on enhancing value and profitability while expanding its geographical footprint. Killam prioritizes increasing earnings from existing operations, diversifying its portfolio through targeted acquisitions, and developing high-quality properties in key markets.
Contact Information
For further inquiries, please reach out to:
Claire Hawksworth, CPA
Senior Manager, Investor Relations
Email: chawksworth@killamreit.com
Phone: (902) 442-5322
Frequently Asked Questions
What score did Killam Apartment REIT achieve in GRESB 2025?
Killam Apartment REIT achieved a GRESB score of 82 out of 100 for 2025.
What commitments does Killam have towards sustainability?
Killam is committed to incorporating sustainability within its corporate strategy, focusing on reducing environmental impact and creating value for stakeholders.
How has Killam improved its waste reporting?
By collaborating with waste haulers, Killam has expanded its waste data coverage from 52% to 82%, significantly enhancing waste management.
What is GRESB?
GRESB is an organization that assesses the ESG performance of real assets globally, providing valuable insights and benchmarks for stakeholders.
Who can be contacted for more information about Killam?
For inquiries, contact Claire Hawksworth, Senior Manager, Investor Relations, via email at chawksworth@killamreit.com.
