CRT.UN: Sets up well through broader macro unease

Research evidence excerpt

CRT.UN: Sets up well through broader macro unease

CT Real Estate Investment Trust

Key sustainability questions

This section is intended to highlight key sustainability discussion points relevant to this company, as well as our views on the outlook. Both the

questions we highlight and our responses will evolve over time as the dialogue between management, analysts and investors continues to

advance. We welcome any feedback on the topics.

Our view

What are the most material CT REIT conducted a materiality assessment in 2021 to identify its ESG focus areas

sustainability issues facing this which include: E) reducing/limiting its environmental impact by becoming more

company? energy efficient, using fewer resources, and producing less waste; S) investing in

its employees and contributing to communities; and G) conducting business with

integrity and ensuring transparency in governance.

Does the company integrate In collaboration with CTC, CT REIT formed a Sustainability Committee in 2020

sustainability considerations into its to oversee the REIT’s sustainability strategy and provide guidance on initiatives.

strategy? Environmental initiatives include reducing the greenhouse gas emission (GHG)

intensity of its buildings and increasing the operational efficiency of its properties.

To date, CT REIT has upgraded lighting, building envelopes, and HVAC equipment to

improve efficiency, and installed EV charging stations across 85 properties. The REIT

also has ~5 million sf of GLA that is under a green building certification (e.g., BOMA

BEST, LEED, WELL) and built its first net zero energy distribution centre in Calgary,

AB. The REIT’s social initiatives include workplace benefits, employee resources, and

community programs. These support employee engagement (as measured through