Practice dedication and commitment to the highest standard of environmental responsibility as it relates to the acquisition of assets, development and redevelopment projects and the ongoing management of the portfolio.
Strive to Improve
Perform continuous review and analysis of building efficiency to assess and adopt best practices, policies and procedures. Utilize leading edge technologies where possible, including in the modernization of older buildings.
Implement systems to measure progress, keep tenants informed of sustainability initiatives and report results to stakeholders and the community.
Promote Comfort & Safety
Strive to provide a clean environment and attentive building management at all of its properties and offices.
Monitor and continuously make efficiency improvements at properties and work with tenants to facilitate their energy conservation needs, contributing to lowered emissions and reduced energy use.
While Artis continually improves its properties to enhance the tenant experience, management always looks to do so in a way that will reduce the building's environmental footprint over the long term. Many of Artis' continuous improvement initiatives focus on sustainability and energy reduction strategies to ensure buildings are as efficient as possible. As buildings are upgraded and equipment is replaced, it is done with technology that promotes energy efficiency and best practices.
Preferred Environmental Programs
Artis is committed to mitigating the impact of our operations on the environment, minimizing its carbon footprint and promoting the use of energy efficient tenant practices in its buildings. We value energy certification and consider it an asset, both with respect to our existing portfolio and when acquiring new properties. The three major property certifications we pursue are:
Leadership in Energy & Environmental Design
LEED or Leadership in Energy & Environmental Design is a green building tool that addresses the entire building lifecycle, recognizing best-in-class building strategies.
Energy Star is a voluntary U.S. Environmental Protection Agency (EPA) program that certifies buildings in the U.S. for superior energy performance.
Building Owners and Managers Association Building Environmental Standards
BOMA or the Building Owners and Managers Association promotes energy efficiency and sustainability for new and existing buildings by assigning certification levels based on achievement of energy targets.
Total like-for-like electricity comsumption
in 2018, down 3.0% vs. 146M ekWh in 2017
Total like-for-like water consumption
in 2018, down 2.0% vs. 445K m3 in 2017
Total like-for-like ghg emissions
in 2018, down 1.0% vs. 59,640 tCO2 in 2017
square feet of properties with LEED certification
square feet of properties with Energy Star certification
square feet of properties with Boma BEST certification
Staff volunteered 230 hours of their time to organizations they are passionate about!
of employees who responded to a 2018 engagement survey...
Artis' Board recently conducted a comprehensive strategic review of corporate governance practices and executive compensation to better align the REIT with industry best practices. As part of this review, Artis' Governance and Compensation Committee conducted a widespread unitholder outreach campaign that focused on engaging in open and active dialogue with unitholders to elicit input and feedback. As a result of this review, the Board approved the following policies and initiatives:
- a diversity policy which requires that, no later than the 2020 annual general meeting, at least 20% of the Trustees are female, a target which was achieved at the 2018 Annual General Meeting;
- a board renewal policy pursuant to which one trustee did not stand for re-election at the 2018 Annual General Meeting, and three new trustees were elected;
- the introduction of performance-based compensation for executives, which will be subject to objectively measurable criteria, commencing in the 2018 fiscal year;
- the adoption of a policy that requires employment contracts for new executives joining Artis or one of its subsidiaries to contain a "double-trigger" provision in the event of a "change of control" with a maximum severance multiplier of 2.0 of base salary and bonuses; and
- the submission to unitholders of a non-binding "say on pay" vote on an annual basis, commencing no later than Artis' 2019 annual general meeting with respect to compensation practices for the 2018 year.
The Trustees continue to discuss the vision and long-term strategic direction of Artis and the important oversight role that the Board plays, and to consider corporate governance and compensation changes to better align with industry best practices.
|2018 Progress Report|
|Elected two female trustees, achieving the target of 20% female representation|
|Elected three new trustees|
|Introduced performance-based compensation for executives|
|Adopted a policy requiring that new executive employment contracts contain a "double-trigger" provision in the event of a change of control|
|"Say on pay" advisory vota commencing at the 2019 Annual General Meeting|
Supervisors and Managers