1. Purpose
As an owner, developer and manager of real estate assets, Josan Properties Limited (“JPL”) understands that its operations can have a meaningful impact on the environment and communities in which we operate. As such, we have a responsibility to understand and incorporate environmental, social and governance (“ESG”) factors into our investment and management processes. The purpose of this ESG policy (the “Policy”) is to outline our principles and approach to ESG in the course of our business activities and decision-making. We believe that responsible real estate and proactive ESG integration creates long-term value for our investors, partners, tenants, and other stakeholders, and we are committed to delivering sustainable real estate results.
2. Scope
This Policy applies to:
- All business units and corporate functions of JPL.
- Development and redevelopment/renovation projects, including design, planning, and construction.
- Asset and property management activities for both our owned and managed properties.
- Third-party service providers, including property managers, consultants, and contractors, where feasible and applicable.
3. Governance & Oversight
The Policy and its implementation will be overseen by the executive leadership team of JPL, led by the President and CEO and the Executive Vice President, Property Management. It will be reviewed and presented to the executive leadership team every two years and updated as required.
4. Environmental Principles
JPL commits to reducing environmental impacts across all of our activities. We will:
- Improve energy efficiency in existing assets and prioritize low-carbon design and technologies in new development and redevelopment projects
- Pursue renewable energy opportunities where feasible
- Promote water conservation and responsible waste management
- Support sustainable, energy-efficient building certifications, such as LEED, where appropriate
- Encourage tenant engagement in resource efficiency behaviors
5. Social Principles
JPL recognizes its role in contributing to a positive social impact locally and within our portfolio. We will:
- Foster safe, healthy and inclusive environments for all stakeholders
- Support diversity, equity and inclusion internally and in our business relationships
- Maintain high health and safety standards across our portfolio
- Engage respectfully with our tenants, investors, communities, and partners
- Promote responsible labour and human rights practices in our operations
- Support community initiatives through collaboration and volunteer opportunities
6. Governance Principles
JPL commits to the highest standards of ethical conduct, transparency and risk management. We will:
- Comply with all applicable laws and regulations
- Ensure ethical conduct in all interactions with our investors, tenants, partners and suppliers.
- Integrate ESG considerations into investment, development and management decisions
- Monitor ESG performance and reporting to stakeholders as appropriate
- Set clear accountability for ESG responsibilities within the organization
- Evaluate ESG capabilities of third-party partners and integrate these criteria into selection and oversight processes
