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Environmental

Our Environmental Responsibility

CF has a longstanding history of sustainability action, from the launch of the Green at Work® program in 2008, to most recently being ranked #1 in the Global Real Estate Sustainability Benchmark (GRESB) assessment amongst our peer group (Northern America - Diversified - Office/Retail - Core) for the fourth, consecutive, year. While we take tremendous pride in these accomplishments, our commitment to sustainability doesn't stop here. As an organization we will continue to make progress by establishing targets and driving performance when it comes to emissions, energy, climate resilience, water and waste.

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Our Commitment

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With the accelerating effects of climate change, our ambition to enhance climate action and resource protection remains a clear priority.

  • Support low carbon community transformation

    Mitigating climate change through emissions and energy reduction, and building resilience to the impacts of a changing climate

  • Support a resource filled & sustainable tomorrow

    Managing environmental impacts through conservation and mindful use of resources

Green at Work

Our Award-Winning Sustainability Operations Program

CF became the first Canadian real estate organization to launch a sustainability operations program with Green at Work(R) in 2008. We recognized early that sustainability principles not only supported environmental performance, but delivered clear business value to our clients, shoppers and occupants. Over its lifetime, the program has achieved annual industry awards and recognitions and driven the results shared in the Targets & Results section below. CF properties have clear targets for key metrics, including emissions, energy, water, and waste. Our approach is data-driven, supported by a platform that centralizes data management and reporting at the property and portfolio level.

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Our Targets and Results

We re-evaluate targets on an annual basis, informed by the latest scientific information. Please read on to view our current results and ongoing targets.

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Emissions

Overview

In 2024, we reduced our total scope 1 & 2 absolute emissions 4% compared to 2023. This brings CF's total to a 25% reduction from our 2017 base year. We are on track to meet our 35% reduction by 2030 target.

Performance

  1. 25%

    absolute reduction vs. 2017

  2. 1.83 kgCO₂e per sq.ft. intensity

    intensity

  3. 21,187 tCO₂e

    saved vs. 2017, equivalent to 4,600 cars taken off the road

Targets

  1. 35%

    absolute reduction - 2030 vs. 2017 for operated portfolio (Scope 1 & 2)

  2. Net Zero Emissions

    - 2050 for operated portfolio (Scope 1 & 2)

Absolute Scope 1 & 2 Emissions

Absolute Emissions Image

Scope 1 & 2 Emissions Intensity

Emissions Intensity

Emissions Breakdown by Source

Emissions Breakdown by Source

Ranked #1

in the the Global Real Estate Sustainability Benchmark

We are proud to achieve 1st place ranking in the Global Real Estate Sustainability Benchmark (GRESB) Assessment amongst our peer group (Northern America - Diversified - Office/Retail - Core)

GRESB

Sustainable Development

By investing in key areas like Toronto, Montreal, and Vancouver, we've not only attracted new businesses but also supported vibrant downtown cores. Collaborative partnerships fuel ongoing projects, including transit and infrastructure enhancements that benefit the wider community. Looking ahead, we're focused on densification, transforming our land bank to meet housing needs. We're set to deliver 7,000 rental units across the country.

New developments use CF’s Low Carbon and Sustainable Development Framework to assess and integrate sustainability considerations across our entire development process, including planning, design, procurement, construction and post-construction. Recently, the Framework helped achieve LEED Platinum certification at 160 Front Street West - a new office tower in Toronto.

750 Peel Rendering

Awards, Recognition & Certification

Case Studies

See All

Read our 2025 ESG Report

CF is committed to delivering clear performance analyses, baseline comparisons, and progress toward our established Environmental, Social and Governance (ESG) targets. Our 2025 ESG Report reflects our collective efforts to operationalize ESG across our portfolio.

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