SmartCentres Releases 2025 Environmental, Social and Governance Report

Executive Summary

• SmartCentres Real Estate Investment Trust announced the release of its 2025 Environmental, Social and Governance (ESG) Report, detailing key initiatives, accomplishments, and forward-looking commitments.
• The report outlines strategic progress across sustainability benchmarking, decarbonization planning, corporate governance, AI adoption, and cybersecurity risk management.

Key Details

• Released the 2025 ESG Report highlighting ESG strategy integration and future commitments.
• Achieved a GRESB score of 84/100, earning 2025 Sector Leader status.
• Conducted a Double Materiality Assessment to identify and prioritize ESG-related impacts, opportunities, and risks.
• Further developed a Net Zero Framework incorporating interim targets, emission reduction targets, and cost assumptions.
• Advanced decarbonization through a Sustainable Development Framework and approved a solar photovoltaic (PV) project, with construction anticipated to commence in Q3 2026.
• Maintained strong governance oversight via an established ESG Sub-Committee of the Board.
• Established an AI Committee to support best practices, innovation, and scalable AI adoption across the organization.
• Exceeded Board diversity targets, with women representing 38% of Trustees and independent trustees representing 75% of the Board.
• Improved cybersecurity monitoring and practices, alongside upgraded enterprise risk management systems.

Notable Quotes

• Mitchell Goldhar, Executive Chairman and CEO: “We are executing on our decarbonization strategy, working closely with our tenants to identify and align mutual priorities and opportunities. We believe collaboration will create long-term value both for the communities in which we operate, and our Unitholders. We also focused on understanding how artificial intelligence (“AI”) and cybersecurity impact our business, both from the perspective of opportunity and risks to be managed. As we continue to execute on our ESG strategy, we will strive to do even better,”