ESG

ESG

ESG

Environmental, Social and Governance (ESG)

Environmental

At WPT, we strive to enhance financial and operational performance through responsible investment policies and sustainability initiatives.  Responsible investment and sustainability benefit all our stakeholders – from employees and investors to tenants and local communities. We also believe sustainability directly enhances the competitiveness of our business by reducing operating costs for our tenants and attracting forward-thinking and sustainably-minded businesses to our buildings.

Sustainability:

WPT is committed to advancing sustainability practices into the operation of our portfolio and we continuously evaluate ways to reduce energy usage and costs.

  • 85% of our portfolio has high-efficiency lighting. The benefits of modern, dynamic lighting systems include the reduction of regular maintenance, occupancy sensing and motion controls which significantly enhance overall efficiency and lowered radiant heating in office and warehouse work environments.
  • Natural light from skylights and warehouse clerestory windows in many of our buildings helps reduce electricity usage and improves the indoor environment for our tenants’ employees.
  • 25% of our portfolio has cool or reflective roofing. Cool roofs reduce the indoor air conditioning requirements and reduce the “heat island effect” by reflecting sunlight instead of absorbing heat from the sun.
  • Many of our buildings incorporate motion sensor plumbing fixtures and landscaping programs designed to reduce consumption and promote water conservation.
  • We strive to incorporate recycled and locally sourced materials for our large capital improvement projects and ground-up development. These practices contribute to minimizing emissions related to transporting materials and eliminating waste from landfills.
  • Smart meters installed in many of our buildings measure demand at peak times throughout the year and help alleviate pressure on local utility companies and reduce energy cost and consumption.
  • We encourage our service providers to use cleaning and janitorial products and procedures that reduce the exposure of building occupants to potentially hazardous chemical, contaminants, which can adversely affect human health, building finishes, building systems and the environment.
  • Sustainability also influences our corporate and human resources practices, including locating our corporation headquarters in a LEED-certified building, offering employee incentives for alternative, lower emission transportation, and including LEED-certified professionals on our staff to facilitate increased sustainability in our operational and investment initiatives.

Responsible Investment:

WPT is committed to considering and incorporating sustainable construction techniques into the development and construction of new buildings.  We also actively pursue development and re-development of “brownfield” sites which can spur economic development and allow us to remediate and repurpose environmentally contaminated sites.  Click here for more details on WPT’s Responsible Investment Policy.          

Social

Our goal is to positively impact all our stakeholders through meaningful engagement, collaboration and charitably activities. We work hard to create a culture that values good corporate citizenship and attracts and retains a diverse and talented group of employees. 

The health and well-being of our employees is critical to the growth and success of our company.  We incorporate annual employee surveys to help identify our strengths and specific areas of improvement and we have incorporated practices like stand-up desks and paid time off for volunteering to promote employee health and encourage community engagement. 

Governance

We pride ourselves on operating with transparency and integrity.  Thoughtful corporate governance and stakeholder engagement provides the foundation for our success by building positive and lasting relationships with our investors, partners, tenants, employees and communities.  

For more information on WPT’s corporate governance policies click here.

© WPT Industrial Real Estate Investment Trust. All Rights Reserved.
199 Bay Street, Suite 4000,Toronto, Ontario, M5L 1A9