BCI Responsible Investing Annual Report

2020-BCI-ESG-AnnualReport_Final

bcIMC Responsible Investing Annual Report

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Improved Global Ranking for QuadReal in GRESB's 2020 Real Estate Assessment QuadReal benchmarks its performance through GRESB (the Global Real Estate Sustainability Benchmark) to understand relative performance and identify opportunities for improvement. For the second year, QuadReal's diversified portfolio of office, industrial, retail, and residential assets received top rankings in the GRESB assessment. It ranked first in both Canada and North America and second globally. The GRESB benchmarks cover over US$5 trillion in real estate value and are used by more than 100 institutional investors to make decisions that are leading to a more sustainable real estate industry. Internationally, QuadReal's ranking moved to second from fourth out of 201 global investment managers in the real estate category. To achieve these high scores, QuadReal exhibited a depth of policies, procedures, and management practices, as well as continuous improvement in performance indicators and operational programs. "QuadReal is committed to having a positive impact on the people and communities we serve as well as on the environment. The fact that our diversified portfolio was ranked first in both Canada and North America according to the GRESB assessment is a testament to that multi-dimensional focus and to the continued support from BCI and its clients." Remco Daal, President, Canadian Real Estate, QuadReal WHAT IS GRESB? The GRESB assessment is a global ESG benchmarking and reporting framework for listed property companies, private property funds, developers, and investors that invest directly in real estate. GRESB's methodology is consistent across regions, investment vehicles, and property types, and aligns with international reporting frameworks. The data is self-reported by the participants and subjected to a multi-layer validation process, after which it is scored and benchmarked, resulting in high-quality data that investors and participants can use in their investment, engagement, and decision-making processes.

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