ESG Policy
Environmental, Social, and Governance Policy 2026
Summary and Mission
At Realstar, we believe that strong financial performance requires a foundation of sustainable environmental practices, empowered employees and communities, and responsible governance. We integrate ESG into our core business strategy, investment and operating decisions, informed by leading responsible investment practices and industry frameworks.
Environmental and Net Zero Policies
Decrease resource consumption, waste production and associated emissions to increase the resiliency of our assets and business by:
- Meeting or exceeding environmental regulations where we operate
- Reducing resource consumption by increasing energy, water, and Greenhouse Gas (GHG) efficiency across our portfolio
- Continuously reviewing opportunities to achieve Net Zero Carbon
- Promoting sustainable practices to resident communities, including energy and water consumption best practices and enabling diversion of waste from landfill
- Identifying and managing risks arising from environmental and climatic changes and promoting portfolio resilience
- Measuring, reporting and verifying our environmental data through formalized data collection and reporting systems
- Incorporating planting and green space at our sites for the benefit of wellbeing and biodiversity, prioritizing native and resilient species
- Specifying minimum standards around sustainability and energy efficiency for procurement of goods and services for our buildings
- Promoting the generation of renewable energy on-site to reduce emissions associated with building electricity use
Social Policies
Improve the quality of living for our residents, maintain an engaging and welcoming workplace for employees, and support local communities where we operate by:
- Providing well-maintained, safe and secure housing to residents
- Facilitating community engagement and volunteerism through company-supported initiatives
- Maintaining high levels of health, safety & well-being for our employees, residents and contractors
- Promoting diversity and inclusion in employment practices
- Investing in employee development and training
Governance Policies
Provide transparency to investors, protect the privacy of our residents and employees, and maintain high standards of operating integrity by:
- Promoting and fostering an ethical work environment with formal written policies
- Ongoing training and education for employees and company-wide adherence to code of conduct
- Providing timely and accurate financial, ESG and operating reports that meet or exceed regulatory standards
- Reviewing technology platforms and internal controls to ensure data integrity, cybersecurity, and risk management
- Identifying opportunities to integrate financial and ESG reporting for internal and external stakeholders
- Linking financial and non-financial remuneration and benefits of all employees to relevant ESG performance targets
- Ensuring ESG considerations are embedded within due diligence processes and form part of the decision-making framework for acquisitions and dispositions
Approach
- Participate in industry-wide associations and educational initiatives dedicated to promoting ESG best practices
- Assign responsibility of ESG and ESG-related performance management to dedicated employees, and maintain an ESG committee to review key risks and opportunities
- Set and track ESG-related targets and KPIs with measurable and verifiable outcomes
- Review and update ESG-related targets and KPIs regularly, based on industry best practices and market/regulatory guidance and frameworks
- Participate in industry leading ESG reporting initiatives, including GRESB, to demonstrate progress of our ESG programs
- Review and communicate progress of ESG programs and initiatives internally
- Report results of ESG programs and initiatives annually to key stakeholders
Prepared by:
- Jacqueline Boyes – ESG Manager
- Erica La – Vice President, Asset Management
Reviewed & approved by:
- Randy Hoffman – Chief Executive Officer
- Colin Martin – Chief Operating Officer
- Greg Speirs – Executive Vice President, Portfolio Management
- Mark Hales – Senior Vice President, Property Standards & Construction
- Donna Milito – Director, Human Resources
Approved on:
September 2026
Next review due:
September 2027