#Canada #Calgary, AB #ESG Report #Boardwalk REIT #Sustainable Communities

Boardwalk REIT Publishes 2024 ESG Report

On May 22, 2025, Boardwalk Real Estate Investment Trust (TSX: BEI.UN) announced the release of its sixth annual Environmental, Social, and Governance (ESG) Report. This report highlights the Trust's efforts and achievements throughout 2024, showcasing their commitment to sustainability and social responsibility.

Significant Investments in Sustainability

The report outlines numerous initiatives that demonstrate Boardwalk's commitment to reducing its environmental impact. Notably, the company invested $23 million in energy-efficient upgrades across its properties. This investment is part of a larger strategy to enhance sustainability in their operations and support climate action.

In addition, Boardwalk has successfully reduced its greenhouse gas emissions by 14.4% and achieved an 11.7% decline in water use intensity compared to 2019 levels. This progress indicates a concerted effort to contribute positively to the environment while managing resources efficiently.

Enhanced Energy Management

To further enhance its sustainability practices, Boardwalk expanded energy metering across its portfolio. As of 2024, 91.2% of all suites are now directly metered for electricity, while 19.5% are metered for natural gas. This enhancement allows for better tracking of energy consumption, leading to more informed decisions regarding energy management and conservation initiatives.

Community Engagement and Recognition

Boardwalk REIT also focused heavily on community engagement, achieving a Net Promoter Score of 83, reflecting high satisfaction among its Resident Members. The Trust actively supported its community through charitable donations and scholarships, contributing over $300,000 in 2024 alone.

The company’s commitment to responsible business practices has not gone unnoticed. Boardwalk has been recognized as one of Canada's Most Responsible Companies by Newsweek, as well as one of Alberta's Top 80 Employers. Such accolades highlight Boardwalk's role as a leader in corporate social responsibility within Canada's real estate sector.

Focus on Supplier Practices

In an effort to enhance the sustainability of its supply chain, Boardwalk launched a supplier ESG survey aimed at increasing the adoption of environmentally friendly products. This initiative underscores the Trust's desire to partner with suppliers who share its commitment to sustainability and responsible business practices.

Looking Ahead to 2025

Sam Kolias, the CEO and Chairman of Boardwalk, emphasized the importance of these initiatives, stating, "Our commitment to ESG is grounded in purpose, care, and responsibility. We are proud to integrate environmental, social, and governance practices into every part of our business."

As Boardwalk moves forward, it aims to continue building stronger, more inclusive, and sustainable communities. The 2024 ESG Report is now available for viewing on their official website at bwalk.com/en-ca/investors/esg.

Corporate Overview

Boardwalk REIT aims to be Canada’s friendliest community provider, serving as the preferred choice in multi-family communities. With a portfolio encompassing over 34,000 residential suites across 200 communities, Boardwalk persists in building and sustaining communities that foster a sense of belonging and quality living. Differentiated by its holistic approach to community management, Boardwalk prioritizes exceptional service delivery, which encourages tenant retention and drives strong operational performance.

For more insights, investors and stakeholders can review detailed information regarding Boardwalk’s operations on their corporate site at bwalk.com/investors.