9.0 Emission Factors, Global Warming Potential, and Conversion Factor
10.0 Glossary of Terms
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APPENDIX - INDEPENDENT
PRACTITIONERS' LIMITED ASSURANCE 43 REPORT
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1.0 INTRODUCTION
H&R REIT (H&R) is publishing its fourth annual Corporate Responsibility (CR) report, reflecting 2022 performance.
1 . 1 CDP 2022 HIGHLIGHTS (2021 PERFORMANCE)
Brightly Software Canada (Brightly) has tracked and
reported on utility use and emissions for the majority of
H&R's office properties since 2013. H&R has been reporting to the Carbon Disclosure Project (CDP) since 2016, reflecting 2015 performance onwards.
H&R is reporting on select Global Reporting Initiative (GRI) indicators, as well as select Sustainability Accounting Standards Board (SASB) indicators.
GHG emissions are reported using the 'Operational Control' approach, as defined by the GHG Protocol. Under the operational control approach, 100% of emissions are
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H&R REIT scored third among 12 Canadian REITs.
2.5%
Reduction in total market- based emissions in 2021 vs. 2020 (CDP 2022 Reporting).
76%
Data coverage increased from 22% in 2018 (CDP 2019) to 67% in 2021 (CDP 2022) with coverage of 76% for 2022 (CDP 2023).
reported from operations in which H&R or one of its subsidiaries have operational control. Further details on the selected organizational boundaries and reporting scope
can be found in Appendix - 2022 GHG Emissions Reporting
Methodology.
For the 2021 reporting period, H&R updated their reporting boundary to follow the 'Operational Control' approach, as defined by the GHG Protocol, to align with recent industry trends and the latest reporting guidance for real estate organizations. Prior to 2021, H&R reported their equity share of emissions under the financial control approach.
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The figure shows 2021 vs. 2020 direct - natural gas combustion (Scope 1) emissions and indirect - electricity and district steam (Scope 2) Greenhouse Gas (GHG) emissions reported to CDP, along with values for the 2022 reporting period. Scope 1 and Scope 2 GHG emissions decreased between 2021 and 2022 due to the divestment of the Primaris portfolio, as well as four large office buildings located in Alberta and Ontario.
Annual Scope 1 and 2 GHG Emissions (tCO2e)
100,000
75,000
50,000
52,486
44,903
25,000
26,789
15,305
22,717
0
10,650
2020 *
2021
2022
Scope 1: Natural gas
Scope 2: Electricity and District steam
*Reported prior to the change in organizational boundary
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H&R Real Estate Investment Trust published this content on 12 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2023 14:14:05 UTC.
H&R Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, operates and develops residential and commercial properties across Canada and in the United States. The Company operates through the four segments: Residential, Industrial, Office and Retail. The Residential segment consists of approximately 24 residential properties in select markets in the United States and portfolio comprised of 8,166 residential rental units. The Industrial segment consists of 69 industrial properties in Canada and three properties in the United States comprising 8.7 million square feet. The Office segment consists of 18 properties in Canada and five properties in select markets in the United States, aggregating 5.8 million square feet. The Retail segment consists of 38 properties in Canada, which are grocery-anchored and single-tenant properties, as well as five automotive-tenanted retail properties and one multi-tenant retail property in the United States.
H&R REAL ESTATE INVESTMENT TRUST 
