At Starlight Investments, we continuously strive to create a positive impact in the communities where we operate. As we reflect on the past year, we are proud to share our progress in advancing our sustainability commitments, which have been achieved together with our investors, people, partners and communities. These principles are embedded in every aspect of our business, with the intention of driving long-term value.
We aim to bring value to local communities, enhance resident well-being and provide healthy and equitable living and working spaces.
We aim to create and maintain low-carbon, resource efficient, resilient spaces and complete communities.
We aim to attract and retain top talent and foster a diverse and inclusive culture where individuals can thrive.
We aim to demonstrate transparency in our governance practices and proactively respond to existing and future risks.
Our sprouting green rooftops across our commercial and mid-rise residential residences provide both environmental and economic benefits.
We are contributing to low-carbon infrastructure by installing electric vehicle (EV) charging stations throughout our new developments and at many of our existing residences.
Community gardens help to foster a sense of connection between residents and their local environment and to create social engagement.
Data and IT infrastructure are some of the most valuable assets in our business, and keeping the data of our employees and external stakeholders secure is critical to our ongoing success.
Biodiversity is critically important to human health, economies and livelihoods.
Part of our core mission is to contribute socially and environmentally, to the communities in which we live and operate.
Starlight, in collaboration with the City of Ottawa and local community groups, partnered with local artist Claudia Salguero to engage a group of passionate youth from the Carling Avenue community to develop a mural that beautifully illustrates the diverse nature of the people who live there. This mural was a continuation of the artwork installed along Carling in 2021, with the 2021 mural depicting summertime recreation in the community and the 2023 addition depicting winter activities.
We are proud to support and cultivate artistic expression within the communities we are a part of and to support local representation and beautification.
To see our full ESG reporting and to browse all our environmental, social and governance initiatives, we invite you to click the links below.
We are committed to promoting diversity and inclusion throughout our culture and value the benefits it brings to our company.
—Glen Hirsh, Chief Operating Officer
The best way to plan where we are going is to keep track of how far we have come. With our ESG Scorecard, we monitor our performance through the lens of key targets.
Reduced carbon emissions by 16 percent across our entire portfolio (2019 baseline), outperforming our two percent annual target to achieve 10% reductions by 2025.
Reduced energy use by 14 percent across our entire portfolio (2019 baseline), outperforming our two percent annual target to achieve 10% reductions by 2025.
Reduced water use by 4 percent across our entire portfolio (2019 baseline), and on track to hit 10% reductions by 2025.
Trained and engaged 100% of our employees on our ESG strategy and program.
Engaged over 35,000 residents and commercial tenants across our portfolio in sustainable initiatives and conducted annual satisfaction surveys to drive improvement.
We participate and engage with industry organizations, standards and frameworks to drive thought leadership and continual improvement across our ESG practices.
Our new purpose-built rental developments are built from the ground up to make a positive impact on the communities they reside. Our developments add critical new housing supply to many of Canada’s most housing-constrained cities and some developments include allotments of affordable units to make housing more accessible to everyone.
We focus on improving older residences and commercial properties through our comprehensive major upgrade and fit-out programs. Whether it’s installing more efficient, safer heating and cooling equipment or creating new amenity spaces, we aim to significantly improve the quality of residences.
Our work towards increasing our sustainability has been recognized by best-in-class third-party programs across the real estate industry.
