• 1.35M
    sf of commercial and retail gross leasable area (GLA)(1)(2)
  • >6,600
    units under development or in our development pipeline (at MPCT.UN’s share)(1)
  • 93.8%
    in place/committed residential occupancy(1)
Dream Impact Trust (TSX: MPCT.UN) targets projects that create positive and lasting impacts on communities and the environment, while generating attractive financial returns. MPCT.UN provides investors with access to an exceptional portfolio of real estate development and income properties that would not otherwise be available in a public and fully transparent vehicle.
(1) All figures as at September 30, 2022.
(2) Includes assets: Sussex Centre, 49 Ontario, 10 Lower Spadina, 349 Carlaw, 68-70 Claremont St, 76 Stafford St,
Berkeley properties, 100 Steeles Ave West, Plaza Imperial, Plaza Bathurst, Weston Common (retail piece only),
ZIbi Block 211 (Natural Sciences Building), Zibi Block 2-3 (15 Rue Jos-Montferrand), Zibi Block 208
(310 Miwate Private) and Zibi Block 10 (Aalto Suites: retail piece only) at 100% GLA.

MPCT.UN believes in building better communities by investing to make a positive and lasting impact for the people in its communities. Through integrating sustainability into the design, construction and operations of its buildings, providing market and affordable housing to people of varied income levels and building inclusive and equitable communities, it seeks to reduce socio-economic inequalities and promote diversity.

MPCT.UN is committed to the ongoing measurement and reporting of its impact initiatives, targets and outcomes through Dream’s Impact Management Framework. For further information, please see the 2022 Impact Report.

Read the report

2021 Key Accomplishments

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    Attainability and affordability

    Acquired Weston Common, a two-tower mixed-use apartment complex in downtown Toronto that includes an 8,800 sf community hub occupied by Artscape, a non-profit community organization, as well as 53 affordable housing units and 26 live/work artist studios

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    Certifications

    Achieved LEED Gold certification at Sussex Centre in Mississauga, Ontario


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    Amenities and inclusive atmosphere

    Opened Pangishimo Park, Zibi’s first community park which was designed with Indigenous input and has a naturalized children’s play structure with elements from Zibi’s Heritage Interpretive Plan

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    Sustainable development

    13,500 metric tons of soil remediated at Zibi

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    Sustainable development

    18,000 sf of green roofs installed at Brightwater development

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    ESG impact and management

    Committed to be net zero by 2035 for operations and new developments, including scope 1, 2 and select scope 3 emissions

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    Community/NGO partnerships

    Began leasing Aalto Suites in December 2022, a 162-unit rental apartment building at Zibi that was funded and financed through the Canada Mortgage and Housing Corporation (CMHC)’s Rental Construction Financing Initiative (RCFI) program

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    Tenant relationships

    Offered 18 workshops and events at Zibi welcoming over 17,000 visitors / participants to the site

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    Sustainable procurement

    Developed a clear, intentional and equity-focused Social Procurement Strategy to leverage and influence MPCT.UN’s supply chain

  • ESG impact and management

    Launched the Net Zero Steering Committee, which includes executive representatives from across the Dream group of companies

  • Corporate governance

    Achieved a 5-Star GRESB* rating, which is a recognition of MPCT.UN’s placement in the top 20% of the benchmark

  • Corporate governance

    MPCT.UN became one of the first Canadian public real estate companies to become an official supporter of the Task Force on Climate-related Financial Disclosures (TCFD)

2021/2022 Key Accomplishments

Indicator 2020 2021 YoY% change On track for target Target
Energy(2)
Energy consumption (ekWh) 19,251,096(3) 25,870,751(3) 34%
Energy intensity (ekWh/sf)(3) 19.69 18.72 -5% 10% reduction by 2025 (vs. 2019 baseline)
Water(2)
Water consumption (m3) 37,809(3) 59,916(4) 58% 10% reduction by 2025 (vs. 2019 baseline)
Water intensity (m3/sf)(3) 0.039 0.038 -2%
GHG emissions(2)(5)
Scope 1 emissions (tCO2e) 986(3) 1,774(4) 80%
Scope 2 emissions (tCO2e) 412(3) 389(4) -6%
Total GHG emissions (scope 1 and 2; tCO2e) 1,398(3) 2,163(4) 55% 20% reduction by 2025 (vs. 2019 baseline)
GHG emissions intensity (kg CO2e/sf)(3) 1.4 1.32 -5%
Waste(2)
Waste to landfill (tonnes) 19(6) 115(7) 505%
Waste diverted (tonnes) 36(6) 54(7) 50%
Total waste generated (tonnes) 55(6) 169(7) 207%
Waste diversion 65%(6) 32%(7) -51% 75% waste diversion by 2025
Certifications and ratings
Percent of office portfolio with green building certification 90% 92% 2% 100% certification (any program) of all office buildings by 2025
Percent of eligible portfolio with an energy rating(9) 96%(3) 97%(4) 1%

(1) Each years energy, GHG, water, waste, building certification and energy rating data is based on the relevant properties owned for the full calendar year in that year unless otherwise stated. Floor area square footage is based on (GLA) as of end of reporting year. MPCT.UN assets managed by D.UN were included in this assessment at 100% of GLA.
(2) Represents absolute data not like-for-like data.
(3) Represents data of assets including 349 Carlaw, 49 Ontario, 10 Lower Spadina, and Sussex Centre. It excludes 76 Stafford, Weston Common, 68-70 Claremont, Plaza Imperial, Plaza Bathurst, Robinwood Portfolio, 262 Jarvis, 100 Steels Ave W, Zibi Block 211 and Zibi Block 2-3 as the assets were not operational or owned for the full calendar year.
(4) Represents data of assets including 349 Carlaw, 49 Ontario, 10 Lower Spadina, and Sussex Centre, as well as 76 Stafford, Weston Common, 262 Jarvis and Zibi Block 2-3 since its acquisition or commencement. It excludes 68-70 Claremont, Plaza Imperial, Plaza Bathurst, Robinwood Portfolio, 262 Jarvis, 100 Steels Ave W and Zibi Block 211 as the assets were not operational during the calendar year.
(5) GHG emissions are calculated in accordance with the World Resource Institute Greenhouse Gas Protocol. They capture activities MPCT.UN has direct and indirect operational control over: Scope 1 emissions generated directly from its operations, including heating at MPCT. UN’s properties. Scope 2 emissions indirectly associated with generation of purchased electricity, heating, cooling and steam consumed by properties.
(6) Waste data is from the following assets 349 Carlaw, 49 Ontario and 10 Lower Spadina.
(7) Represents data of assets including 349 Carlaw, 49 Ontario, 10 Lower Spadina, and Sussex Centre, as well as Zibi Block 2-3 since its acquisition or commencement. It excludes 68-70 Claremont, Plaza Imperial, Plaza Bathurst, Robinwood Portfolio, 262 Jarvis, 76 Stafford, Weston Common, 262 Jarvis, 100 Steels Ave W and Zibi Block 211 as the assets were not operational during the calendar year
(8) Metric not calculated in 2019.
(9) Represents the percentage of portfolio based on sf using ENERGY STAR Portfolio Manager (ESPM).
(10) Includes employees employed by Dream Asset Management Corporation, which includes DRM and MPCT.UN employees. Does not include employees at Dream recreational properties, employees on
leaves of absence (e.g., permanent disability, long-term disability, parental leave) and interns.
(11) Numbers represented as total head count, not full time equivalent.
(12) Turnover is calculated as a percentage of average employee headcount for 2021.
(13) Percentages are based on total headcount.
(14) Includes employees at all levels.
(15) Managers include Manager level and above.
(16) For the purposes of this Report, Executives include the Portfolio Manager and Chief Financial Officer of MPCT.UN.
(17) Based on members of both the Trust and GP Boards.

Environmental

In 2021, Dream Impact Trust announced the goal of achieving net zero carbon emissions by 2035 – fifteen years ahead of the science-based Paris Agreement’s 2050 goal.

LeBreton Flats Library Parcel Development

Rooted in nature and heritage, the LeBreton Library Parcel development is set to become the largest residential building in Canada to be Zero Carbon Building certified by the Canada Green Building Council. This innovative, transit-oriented community will be a healthy, vibrant ecosystem of architecture and urban design, utilizing the rich, natural landscape while promoting ecological diversity through a naturalized planting strategy in its abundant green spaces. Its design embodies a whole-systems thinking approach, considering heritage, culture and innovation to create a truly sustainable community that provides for the needs of its residents. Through innovative partnerships with the non-profit sector and the Federal government, 41% of rental units will be affordable and 31% of residential units will be accessible. These units will be seamlessly integrated alongside market units creating an inclusive, equitable and richly diverse community that addresses the needs of all residents alongside five priority groups: Indigenous Canadians, veterans, newcomers/new immigrants, women and children and adults with cognitive disabilities.

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Amenities and inclusive atmosphere
Attainability and affordability

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Carbon and resource efficiency
Innovation and technology adoption
Sustainable development

Indigenous Engagement

The Algonquin Nations Benefits Plan developed in conjunction with the Workforce Development and Community Benefits Plan will bring unparalleled Indigenous engagement to the site, and is designed to support the economic development and capacity building of the Algonquin Nation, throughout the project’s design, construction and operations.

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Government collaboration
Indigenous engagement
Community/NGO partnerships
Sustainable Procurement

Building Certifications(1)

  • Boma Best Logo
    49%
    BOMA BEST certification
  • LEED Logo
    39%
    LEED certified buildings
  • Well Health and Safety Logo
    39%
    WELL certified buildings

(1) The chart is based on GLA of assets as of December 31st, 2021 including 349 Carlaw, 49 Ontario, 10 Lower Spadina, Sussex Centre (at 100% GLA), 76 Stafford, Weston Common, 262 Jarvis and Zibi Block 2-3 since its acquisition or commencement. It excludes 68-70 Claremont, Plaza Imperial, Plaza Bathurst, 100 Steeles Ave, Robinwood Portfolio and Zibi Block 211 as the assets were not operational or owned during the full calendar year. Properties may have more than one certification which is why the chart adds up to more than 100%.

Key Accomplishments

  • Net Zero Asset Managers logo
    As part of the Dream group of companies’ commitment(1), MPCT.UN, is supporting the Net Zero Asset Managers (NZAM) initiative, which is a group of international asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius.
  • Principles for Responsible Investment logo
    As part of the Dream group of companies’ commitment(1), MPCT.UN joined the United Nations Principles for Responsible Investing (UN PRI) initiative, which includes a group of more than 4,300 investment managers and asset owners from nearly 90 countries committed to developing a more sustainable global financial system.
  • Task Force on Climate-Related Financial Disclosures logo
    MPCT.UN is an official supporter of the Task Force for Climate-related Financial Disclosures (TCFD) which provides guidance and recommendations to help companies provide better climate disclosures to support capital allocation. More than 2,300 companies support the TCFD and Dream is one of the first Canadian public real estate companies to become an official supporter.

(1)  While DRM is the official signatory, MPCT.UN will be participating in the reporting to the NZAM initiative and UN PRI as part of the Dream group of companies’ commitment.

Social

Our work at Dream Impact Trust is focused on creating positive social change. Our strong and diverse workforce contributes to the collaborative and innovative work of embedding impact throughout the business. Our people come from a wide range of backgrounds and places, bringing many valuable skills and perspectives to our team.

Social Procurement Strategy

MPCT.UN has committed to utilizing its purchasing practices to generate social and economic value in the communities where it develops and manages real estate assets. In 2021, Dream established an internal Executive Steering Committee and a working group of senior leaders that has undertaken extensive research with regards to social procurement opportunities in the real estate industry. The working group undertook a global scan of best practices for social procurement, looking both inside and outside the real estate industry. Publicly available material from government agencies, universities, and large resource extraction and infrastructure companies was reviewed.

The working group’s efforts led to the creation of our formal Social Procurement Strategy. Through the strategy, MPCT.UN is seeking to support equity-seeking groups by:

  • Expanding the diversity of its vendors
  • Ensuring it creates employment opportunities
  • Providing local community benefits through the use and programming of space in its buildings

To activate the strategy, the working group identified consistent themes and measurable goals finding a balance between making the goals impactful and achievable with the time and resources available. MPCT.UN is among the first in Canada’s private sector to set quantifiable targets to meet social procurement goals by 2025.

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Community/NGO partnerships
indigenous engagement
sustainable procurement

Targets Include:

  • 20% of the annual value of all contracts to be awarded to local, independent and/or socially responsible businesses
  • 20% of the annual value of all contracts to be awarded to businesses that are majority owned or managed by an equity-seeking group
  • 20% of annual jobs created through capital and operating spending to be filled by equity-seeking groups
  • 30% of apprentice hours worked on development projects to be by equity-seeking groups

MPCT.UN Employee Gender Breakdown(1)

(1) Percentages are based on total headcount.
(2) Includes employees at all levels.
(3) Managers include Manager level and above.
(4) For the purposes of this Report, Executives include the Portfolio Manager and Chief Financial Officer of MPCT.UN.

Governance

Sustainability at MPCT.UN is overseen and managed by DRM, with whom MPCT.UN co-invests on many of its projects. As part of the ESG Framework, MPCT.UN links ESG performance to executive goals and compensation.

We are proud to share that MPCT.UN achieved a five-star rating for the second consecutive year in the 2022 Global Real Estate Sustainability Benchmark (GRESB)* real estate assessment, which is a recognition of our placement in the top 20% of the benchmark. The 2022 GRESB* real estate assessment covered the reporting period January 1 – December 31, 2021. After our inaugural 2021 assessment obtained “one of the highest first-year scores in the benchmark”, Dream Impact Trust achieved yet another impressive score which can be attributed to excellent performance in Leadership, Policies, Reporting, Targets, Tenant & Community and Data Monitoring & Review.

Established in 2009, GRESB* has become the leading ESG benchmark for real estate and infrastructure investments across the world, trusted by 170 institutional and financial investors to inform decision-making and covering USD 6.9 trillion of AUM and 150,000 individual assets.

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Corporate governance

Sustainability at MPCT.UN is managed by the following:

Zibi Boardroom - 30 Adelaide - Toronto, ON
Zibi Boardroom – 30 Adelaide – Toronto, ON

Case Studies

Sustainability Reports

* All intellectual property rights to this data belong exclusively to GRESB B.V. All right reserved. GRESB B.V. has no liability to any person (inclusing a natural person, corporate or unincorporated body) for any losses, damages, costs, expenses or other liabilities suffered as a result of any use of or reliance on any of the information which may be attributed to it.