Concert Infrastructure commits to responsible investment
By Adam FreillConstruction Infrastructure
Company’s portfolio includes rentals, condominiums, seniors' active aging communities, industrial and commercial properties, and public infrastructure projects across Canada.
Concert Infrastructure has signed up to follow the United Nations-supported Principles for Responsible Investment (PRI). Established in partnership with the United Nations Environmental Programme (UNEP) Finance Initiative and UN Global Compact, the PRI is a global community of investment managers, asset owners and service providers working together to demonstrate their commitment to responsible investment.
The principles aim to provide a framework for incorporating environmental, social and governance (ESG) factors in investment decision-making and active ownership practices.
“We are very pleased to welcome Concert Infrastructure as a signatory to the PRI,” stated PRI CEO Fiona Reynolds. “In joining PRI, the organisation agrees to consider ESG factors in its investment and ownership decisions. We look forward to working with the Concert Infrastructure team.”
This announcement builds on Concert Infrastructure’s track record of delivering community focused infrastructure investment aimed at strengthening the social and economic fabric of Canadian communities.
In 2019, Concert Properties released a detailed sustainability framework outlining the company’s specific commitments and approach to our business decisions. The framework is structured around 15 principles and contains over 40 action items, each with an evaluation metric to report on the company’s progress.
Concert Infrastructure is affiliated with Concert Properties, a diversified Canadian real estate corporation wholly owned by union and management pension plans representing over 200,000 Canadians.