WATERFRONToronto

GRI Index

This index highlights how we have met the requirements of G4 and the Construction and Real Estate Sector Supplement (CRESS).

Expand All

Standard Disclosure Part I: Profile Disclosure

1. Strategy and Analysis

Profile Disclosure

Description

Key Points of Coverage 

Location in Report

G4-1

Statement from the most senior decision-maker of the organization.

Strategic priorities and key topics for the short and medium-term with regard to sustainability.

Message from CEO 

Including respect for internationally agreed standards and how they relate to long-term organizational strategy and success.

None have been applied.

Broader trends affecting the organization and influencing sustainability priorities.

Message from CEO 

Key events during the reporting period.

Achievements during the reporting period.

Failures during the reporting period.

Views on performance with respect to targets.

Outlook on the organization's main challenges and targets for the next year and goals for the coming 3-5 years.

Other items pertaining to the organization's strategic approach.

2. Organizational Profile

Profile Disclosure

Description

Key Points of Coverage

Location in Report

G4-3

Name of the organization.

Name of the organization

Title

G4-4

Primary brands, products, and/or services.

Primary brands, products, and/or services.

Who We Are 

G4-5

Location of organization's headquarters.

Location of organization's headquarters.

Who We Are 

G4-6

Number and name of countries where the organization operates.

Number of countries where the organization operates.

Waterfront Toronto only operates in Toronto, Ontario, Canada

Names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report.

G4-7

Nature of ownership and legal form.

Nature of ownership.

Who We Are 

Legal form.

G4-8

Markets served.

Markets served by geographic breakdown.

Who We Are

Markets served by sectors served. 

Waterfront Toronto only operates in the real estate sector

Markets served by types of customers/beneficiaries. 

Public Consultation and Stakeholder Satisfaction

G4-9

Scale of the organization.

Scale of the reporting organization by number of employees.

Who We Are

Scale of the reporting organization, by net sales (for private sector) or net revenues (for public sector).

Direct Economic Value Generated and Distributed

Scale of the reporting organization, by number of operations.

Waterfront Toronto only has one operation.

For private sector: total capitalization by equity.

Waterfront Toronto does not operate in the private sector.

Quantity of products or services provided.

Who We Are

CRESS COMMENTARY: Organizations are encouraged to provide additional information, as appropriate, such as: gross lettable area for assets under construction and management.

Waterfront Toronto does not own buildings.

CRESS COMMENTARY: Organizations are encouraged to provide additional information, as appropriate, such as: vacancy rate (real estate).

G4-10

Number of employees by contract and gender.

Total number of employees by employment contract and gender

Who We Are

Total number of permanent employees by type and gender.

Total workforce by employees and supervised workers and by gender.

Total workforce by region and gender.

All employees work from one location (Toronto, Ontario, Canada)

Report whether a substantial portion of the organization's work is performed by workers who are legally recognized as self-employed.

Waterfront Toronto's work is not performed by workers who are legally recognized as self-employed

Report any significant variations in employment numbers.

There are no significant variations in employment numbers
G4-11Collective bargaining agreement.Percentage of total employees covered by collective bargaining agreements.There are no Waterfront Toronto employees who are covered by collective bargaining agreements
G4-12Describe the organization's supply chain.Describe the organization's supply chain.Who We Are
G4-13   Significant changes during the reporting period regarding size, structure, ownership, or its supply chain.  Changes in the location of, or changes in, operations, including facility openings, closings, and expansions.No Changes. Who We Are
Changes in the share capital structure and other capital formation, maintenance, and alteration of operations (for private sector).Waterfront Toronto does not operate in the private sector
Changes in the location of suppliers, the structure of the supply chain, or in relationships with suppliers, including selection and termination. No Changes. Who We Are
G4-14Precautionary Principle.Report whether and how the precautionary approach or principle is addressed by the organization.Who We Are
G4-15Externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses.Externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or which it endorses.Carbon Emissions
G4-16List of memberships of associations and national or international advocacy organizations.List of memberships of associations and national or international advocacy organizations in which the organization holds  a position on the governance body, participates in projects or committees, provides substantive funding beyond routine membership dues, or views membership as strategic.Canada Green Building Council (Lisa Prime, Director of Environment and Innovation is on the Board of Directors and a member of the Sites and Water Technical Advisory Committee)

3. Identified Material Aspects and Boundaries

Profile Disclosure

Description

Key Points of Coverage

Location in Report

G4-17

List all entities included in the organization's consolidated financial statements or equivalent documents.

List all entities included in the organization's consolidated financial statements or equivalent documents.
Report whether any entity included in the organization's consolidated financial statements or equivalent documents is not covered by the report.

Financial Highlights (see link to Waterfront Toronto's website for annual reports and financial statements)

G4-18

Explain the process for defining the report content and the Aspect Boundaries. Explain how the organization has implemented the Reporting Principles for Defining Report Content.

Explain the process for defining the report content and the Aspect Boundaries. Explain how the organization has implemented the Reporting Principles for Defining Report Content.

What's in Our Report

G4-19List all the material Aspects identified in the process for defining report content.List all the material Aspects identified in the process for defining report content.What's in Our Report
G4-20 For each material Aspect, report the Aspect Boundary within the organization. For each material Aspect, report the Aspect Boundary within the organization, as follows:
- report whether the Aspect is material within the organization
- if the Aspect is not material for all entities within the organization, select one of the following two approaches and report either:
- list of entities or groups of entities included in G4-17 for which the Aspect is not material; or
- list of entities or groups of entities included in G4-17 for which the Aspects is material
- report any specific limitation regarding the Aspect Boundary within the organization.
What's in Our Report
CRESS COMMENTARY: For organizations with real estate portfolios: single-let and multi-let lease arrangements (typically financial lease or operating lease) across the portfolio. Waterfront Toronto has no single-let or multi-let lease arrangements
G4-21   For each material Aspect, report the Aspect Boundary outside of the organization.   For each material Aspect, report whether the Aspect is material outside of the organization. What's in Our Report   
If the Aspect is material outside of the organization, identify the entities, groups of entities or elements for which the Aspect is material. 
Describe the geographical location where the Aspect is material for the entities identified.
Report any specific limitation regarding the Aspect Boundary outside the organization.
G4-22Report the effect of any restatement of information provided in previous report, and the reasons for such restatements.Report the effect of any restatement of information provided in previous report, and the reasons for such restatements.

No restatements occurred from:

ŸŸ-Mergers or acquisitions
ŸŸ-Change of base years or periods
ŸŸ-Nature of business
ŸŸ-Measurement methods

G4-23Report significant changes from previous reporting periods in the Scope and Aspect Boundaries.Report significant changes from previous reporting periods in the Scope and Aspect Boundaries.

Four performance measures were added: Affordable Housing, Transportation, Intelligent Communities and Public Art. 

What's in Our Report 

4. Stakeholder Engagement

Profile Disclosure

Description

Key Points of Coverage

Location in Report

G4-24

Provide a list of stakeholder groups engaged by the organization.

Provide a list of stakeholder groups engaged by the organization.

Public Consultation and Stakeholder Satisfaction

CRESS COMMENTARY: Stakeholder groups who are engaged at the organizational level, project, or asset level.

G4-25 Report the basis for identification and selection of stakeholders with whom to engage.Report the basis for identification and selection of stakeholders with whom to engage.
G4-26Report the organization's approach to stakeholder engagement.Report the organization's approach to stakeholder engagement, including frequency of engagement by type and by stakeholder group, and an indication of whether any of the engagement was undertaken specifically as part of the report preparation process.
G4-27Report key topics and concerns that have been raised through stakeholder engagement.Report key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting. Report the stakeholder groups that raised each of the key topics and concerns.

5. Report Profile

Profile Disclosure

Description

Key Points of Coverage 

Location in Report

G4-28

Reporting period for information provided.

Reporting period (e.g., fiscal/calendar year) for information provided.

What's in Our Report 

G4-29

Date of most recent previous report.

Date of most recent previous report.

G4-30

Reporting cycle.

Reporting cycle (such as annual, biennial).

G4-31

Contact point for questions.

Contact point for questions regarding the report or its contents.

Footer Menu (contact us)

G4-32

Report the 'in accordance' option that the organization has chosen.

Report the 'in accordance' option that the organization has chosen.

What's in Our Report

Report the GRI Content Index for the chosen option.

 GRI Index

Report the reference to the External Assurance Report, if the report has been externally assured.

We have chosen not to seek external assurance for this report
 G4-33Report the organization's policy and current practice with regard to seeking external assurance for the report.

Report the organization's policy and current practice with regard to seeking external assurance for the report.

We have chosen not to seek external assurance for this report

If not included in the assurance report accompanying the sustainability report, report the scope and basis of any external assurance provided.

Report the relationship between the organization and the assurance providers.

Report whether the highest governance body or senior executives are involved in seeking assurance for the organization's sustainability report.

6. Governance

Profile Disclosure

Description

Key Points of Coverage

Location in Report

G4-34

Report the governance structure of the organization.

Report the governance structure of the organization, including committees of the highest governance body.
Identify any committees responsible for decision-making on economic, environmental and social impacts.

Who We Are

7. Ethics and Integrity

Profile Disclosure

Description

Key Points of Coverage

Location in Report

G4-56

Describe the organization's values, principles, standards and norms of behavior such as codes of conduct and codes of ethics.

Describe the organization's values, principles, standards and norms of behavior such as codes of conduct and codes of ethics.

Who We Are

 

Standard Disclosure Part II: Performance Indicators

Economic

Economic performance

Location in Report

G4-EC1

Report the direct economic value generated and distributed on an accruals basis. 

Direct economic value generated: revenues reported according to financial information from relevant financial documents.

Direct Economic Value Generated and Distributed

Economic value distributed: operating costs, employee wages and benefits.

Economic value distributed: payments to providers of capital.

Waterfront Toronto received the ability to borrow September 2015. We will update the report with payments to providers of capital at the end of this fiscal year.

Economic value distributed: payments to governments (by country); payments to government as agent.

Waterfront Toronto is exempt from income tax and as a result does not make payments to governments.

Economic value distributed: community investments.

Direct Economic Value Generated and Distributed

Economic value retained (=Economic value generated less (=minus) Economic value distributed).

To better assess local economic impacts, report direct economic value generated and distributed separately at country, regional, or market levels, where significant.

Waterfront Toronto operates at one location.

Disclosure of Management Approach (DMA)

Direct Economic Value Generated and Distributed

Indirect economic impacts

Location in Report

G4-EC7

Development and impact of infrastructure investments and services supported.

Report the extent of development of significant infrastructure investments and services supported.

Infrastructure Investments and Services for Public Benefit

Report the current or expected impacts on communities and local economies. Report positive and negative impacts where relevant.

With funding support from the three levels of government and as part of its mandate to revitalize Toronto's waterfront, Waterfront Toronto makes investments in infrastructure for the public benefit. 

Report whether these investments and services are commercial, in-kind, or pro bono engagements.

This investment cannot be characterized as commercial, in-kind or pro bono, but rather as fulfilling the corporation's directive.

CRESS COMMENTARY: Explanation of significant infrastructure investments made by the reporting organization, distinguishing between voluntary investment and mandatory investment, in relation to: affordable and social housing.

Infrastructure Investments and Services for Public Benefit

Preservation and restoration of historic assets do not apply

CRESS COMMENTARY: Explanation of significant infrastructure investments made by the reporting organization, distinguishing between voluntary investment and mandatory investment, in relation to: preservation and restoration of historic assets.

CRESS COMMENTARY: Explanation of significant infrastructure investments made by the reporting organization, distinguishing between voluntary investment and mandatory investment, in relation to: publicly accessible open/recreation space.

CRESS COMMENTARY: Explanation  of significant infrastructure investments made by the reporting organization, distinguishing between voluntary investment and mandatory investment, in relation to: community education and health facilities.

G4-EC8

Significant indirect economic impacts, including the extent of impacts.

Report examples of the significant identified positive and negative indirect economic impacts the organization has. 

Indirect Economic Impacts

Report the significance of the impacts in the context of external benchmarks and stakeholder priorities, such as national and international standards, protocols, and policy agendas.

No context for indirect economic impacts, beyond Waterfront Toronto's internal corporate objectives.

Disclosure of Management Approach (DMA) 

Infrastructure Investments and Services for Public Benefit

Indirect Economic Impacts

Environmental

Energy

Location in Report

G4-EN7   

Reductions in energy requirements of products and services

Report the reductions in the energy requirements of sold products and services during the reporting period, in joules or multiples

Initiatives Supporting Energy Efficiency

Report the basis for calculating reductions in energy consumption such as base year or baseline, and the rationale for choosing it.

Waterfront Toronto is in the process of collecting consumption data in occupied waterfront commercial and residential buildings.

Report standards, methodologies, and assumptions used.

CRESS COMMENTARY: reductions should refer to the extent to which initiatives to construct, manage and redevelop assets have been successful in improving energy efficiency during the reporting period. 

Waterfront Toronto does not construct, manage or redevelop assets. Waterfront Toronto sells land to developer partners who comply with energy requirements imposed by Waterfront Toronto.

Disclosure of Management Approach (DMA)

Initiatives Supporting Energy Efficiency

Biodiversity

Location in Report

G4-EN13     

Habitats protected or restored.

Report the size and location of all habitat protected areas or restored areas, and whether the success of the restoration measure was or is approved by independent external professionals. 

 

Habitat Creation and Restoration

Report whether partnerships exist with third parties to protect or restore habitat distinct from where the organization has overseen and implemented restoration or protection measures.

Report on the status of each area based on its condition at the close of the reporting period.

Report standards, methodologies, and assumptions used.

CRESS COMMENTARY: including habitats that are not owned or controlled by the reporting organization.

None exist.

CRESS COMMENTARY: including the enhancement and creation of diverse and biodiversity sensitive habitats.

Habitat Creation and Restoration

Disclosure of Management Approach (DMA)

Habitat Creation and Restoration

Emissions, effluents and waste

Location in Report

G4-EN23      

Total weight of waste by type and disposal method.

Report the total weight of hazardous and non-hazardous waste, by the following disposal methods: 

 

Reuse.

None were reused

Recycling.

Waste Diversion

Composting.

Waste Diversion

Recovery, including energy recovery.

None were recovered

Incineration.

None were incinerated

Deep well injection.

None were deep well injected

Landfill.

Waste Diversion

On-site storage.

None were stored on-site

Other.

No other waste category is reported by Waterfront Toronto

Report how the waste disposal method has been determined: disposed of directly by the organization or otherwise directly confirmed; Information provided by the waste disposal contractor; Organizational defaults of the waste disposal contractor.

Disposed of by contractors working on Waterfront Toronto projects (hired either directly by Waterfront Toronto or as a sub-trade to a construction manager hired by Waterfront Toronto)

CRESS COMMENTARY: When reporting the total weight of hazardous and non-hazardous waste by the different disposal methods, include waste where final destination is unknown or where waste is mixed and final destination is not known or cannot be classified.

Waterfront Toronto receives information from construction contractors on the final destination of all waste categories.

CRESS COMMENTARY: Percentage of waste by significant waste type and waste diverted from landfill. Construction companies should report significant waste types from construction, demolition and excavation activities.

Waste Diversion

Disclosure of Management Approach (DMA)

Waste Diversion

Land Degradation, Contamination and Remediation

Location in Report

CRE5

Land remediated and in need of remediation for the existing or intended land use, according to applicable legal designations.

Report in square metres or hectares for the current reporting year:
ŸŸTotal area of land decontaminated and remediated to intended use; ŸŸTotal area of land assessed for remediation but not yet remediated; ŸŸTotal area of land that is potentially contaminated but level of contamination is not known or assessed.

Contaminated Soil Management

Reporting organization should disclose if land has become contaminated as a consequence of their own actions or the actions of a third party.

All contamination resulted from previous industrial use by a third party.
G4- EN29  

Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations.

Report significant fines and non-monetary sanctions in terms of total monetary value of significant fines; total number of non-monetary sanctions; cases brought through dispute resolution mechanisms.

Environmental Non-Compliance Orders

Where organizations have not identified any non-compliance with laws or regulations, a brief statement of this fact is sufficient. 

Disclosure of Management Approach (DMA)

Contaminated Soil Management

Environmental Non-Compliance Orders

Social: Labour Practices and Decent Work

Occupational health and safety

Location in Report

G4-LA5

Percentage of total workforce represented in formal joint management-worker health and safety committees that help monitor and advise on occupational health and safety programs.

Report the level at which each formal joint management-worker health and safety committee typically operates within the organization.

Health and Safety

Report the percentage of the total workforce represented in formal joint management-worker health and safety committees.

Disclosure of Management Approach (DMA)

Health and Safety

Training and education

Location in Report

G4-LA11

Percentage of employees receiving regular performance and career development reviews by gender and by employee category.

Report the percentage of total employees by gender and by employee category who received a regular performance and career development review during the reporting period.

Planning for Success

Disclosure of Management Approach (DMA)

Planning for Success

Social: Product Responsibility

Product and service labelling

Location in Report

CRE8

Type and number of sustainability certification, rating and labelling schemes for new construction, management, occupation and redevelopment.

Report the type and number of mandatory and voluntary sustainability certification, rating or labelling schemes in at least one of the following ways: ŸŸTotal number of assets that have achieved a certification, rating or labelling within a portfolio (buildings and construction projects), and level of certification attained; or ŸŸPercentage of assets certifications, ratings or labels achieved within a portfolio.

LEED Gold Certification

Report building operational performance improvements that result from the introduction of the certification, rating or labelling schemes compared to the design specification using any of the criteria of the certification, rating or labelling schemes.

G4-PR5

Results of surveys measuring customer satisfaction

Report the results or key conclusions of customer satisfaction surveys (based on statistically relevant sample sizes) conducted in the reporting period relating to information about: the organization as a whole; a major product or service category; significant locations of operation.

Public Consultation and Stakeholder Satisfaction

CRESS COMMENTARY: Report the results or key conclusions of customer satisfaction surveys conducted in the reporting period relating to information about customer satisfaction trends over time. Include conclusions from legacy studies and surveys, specifically client and end user's long-term satisfaction with construction or real estate projects.

Disclosure of Management Approach (DMA)

LEED Gold Certification

Public Consultation and Stakeholder Satisfaction