- ESG data capture remains a challenge, particularly for properties under triple net leases
- Inconsistent data sharing from tenants under triple net leases
- Changes in property management teams requiring upskilling
- Access to data is a roadblock in some regions
- Rising interest rates, falling valuations, and a slowdown in global transaction volume
- Evolving and increasingly complex ESG mandates
- Implementing a metering and billing methodology for locally produced green energy in Germany
Slate Asset Management L.P. and certain of its affiliates
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Slate Asset Management L.P. and certain of its affiliates disclosed greenhouse gas emissions of 58.7K tCO2e (Scope 1 & 2). By scope: Scope 1: 13.8K tCO2e; Scope 2: 31.8K tCO2e; Scope 3: 36.5K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
58.7K tCO2e (Scope 1 & 2)
2023
Renewable Energy
0.06%
of total energy
Water Usage
2.4M m3
2023
Waste
7.1K tonnes
2023
Energy Use
337.6M kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 13.8K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 31.8K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 36.5K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Initiated a comprehensive ESG Materiality Assessment
- Developed and finalized decarbonization pathways for two funds
- Developed decarbonization plan for industrial properties in Calgary
- Initiated development of the Steelport ESG Framework
- Completed ESG onboarding for 153 properties acquired in 2023
- Installed or approved installation of EV charging stations and rooftop solar across 83 properties
- Achieved a 6.4% reduction in energy bill for 185 West Metro property through LED retrofit
- Achieved BOMA BEST Gold Certification for Stephen Avenue Place in Calgary
- Successfully captured energy and carbon data for 423 properties
- Implemented Fitwel Viral Response Approval across 15 buildings in Calgary
🎯 Climate & Sustainability Targets
🔜 Short-term
- Develop a framework to define and categorize environmental characteristics of loans by end of 2024
📅 Medium-term
- Achieve net-zero pathway for one Canadian private fund by 2030
- Roll out sustainability management plans globally
- Develop a comprehensive framework for infrastructure investing in 2024
🔭 Long-term
- Net-zero emissions by 2050 (aligned with Canadian Net-Zero Emissions Accountability Act)
🌱 ESG Focus Areas
Climate ChangeDecarbonizationResource EfficiencyTenant EngagementDiversity & InclusionEmployee Well-beingCommunity EngagementGovernanceRisk ManagementData SecurityCompliance