Responsibility, Advocacy, Action: Morguard Releases 2017 Sustainability Report

MISSISSAUGA, ON, April 24, 2018 /CNW/ - Morguard Corporation ("Morguard") (TSX:MRC) today released its 2017 Sustainability Report, delivering strong results in key environmental, social and governance indicators. To download the Sustainability Report or the Highlights Report, visit www.morguard.com.

"As a commercial real estate leader, we have an obligation to make a positive impact on the communities where we operate and fulfil our responsible property investment commitments," said K. Rai Sahi, Chairman and CEO, Morguard Corporation. "By integrating the principles of sustainability into our business, we are not only creating better places for people to work and live, we are creating long-term value for our shareholders, clients, tenants and employees."

In 2017, Morguard's company-wide sustainability program achieved significant advances in key sustainability metrics as compared to the company's 2015 baseline results:

• 4.0% reduction in energy use - enough to power 1,880 homes for a year
• 5.1% reduction in greenhouse gas emissions - equivalent to eliminating emissions from 1,010 passenger vehicles
• 4.5% reduction in water use - equivalent to 30 Olympic swimming pools
• 4.3% increase in total percentage of waste recycled - a total of 7,359 tonnes diverted from landfill

At the end of 2017, the Company's owned and managed portfolio included 11 LEED® certified green buildings and 60 properties certified under the BOMA BEST® environmental performance criteria. Green buildings provide numerous benefits, including lower costs for tenants; improved health and safety for employees, tenants and visitors; and protection of the environment.

Reductions in energy and water usage also contribute to strong financial performance while aligning with Responsible Property Investing ("RPI") requirements vital to shareholders and institutional clients. Morguard incorporates environmental indicators into property business and capital plans to provide investors with critical insights into the performance of their investment.

"A strong sustainability platform is not just good practice, it's good business," said Pamela McLean, Senior Vice President and Chief Financial Officer, Morguard Investments Limited. "Managing and operating efficient buildings improves long-term investment performance, resulting in value creation for stakeholders."

The 2017 Sustainability Report also outlines Morguard's employee and community outreach programs, including recognition from industry leaders. Last year, the company was awarded a national corporate social responsibility award for BeYou, Morguard's social cause marketing campaign that targets positive self-esteem and personal growth in young women. More info on BeYou can be found on the website: http://beyougirl.ca. The company was also recognized as one of Canada's Safest Employers for the fifth consecutive year.

To download the reports, visit Morguard's Sustainability page: www.morguard.com/company/sustainability

About Morguard Corporation
Morguard Corporation is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, and through its investments in Morguard REIT (TSX: MRT.UN), Morguard North American Residential REIT (TSX: MRG.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed real estate portfolio is valued at $15.4 billion. For more information, please visit www.morguard.com or follow us on LinkedIn.

SOURCE Morguard Corporation