Tricon Residential Releases 2023 Annual Sustainability Report
Annual Sustainability Report Underscores Tricon’s Commitment to Resident Satisfaction, Employee Wellbeing and Environmental Stewardship
“I am incredibly proud to share our annual sustainability report, which highlights our commitment to responsible business practices and showcases how Tricon’s best-in-class resident experience is deeply intertwined with our sustainability program,” said
Tricon’s key accomplishments highlighted in the report include:
Investing in Our People
- Tricon made over 1,700 courses available to all employees and delivered an average of 38 hours of training per employee in 2023, covering culture and business, wellness, professional development, technical skills, leadership development, and ethics and compliance.
- Tricon achieved pay equity for 100% of roles analyzed in its annual audit.
Credit Builder Program
- To improve residents’ credit scores, Tricon automatically reports participating residents’ rent payments to major credit bureaus, without reporting any missed payments. This initiative is part of Tricon Vantage, a market-leading suite of resources to help residents realize their financial goals and enhance their long-term economic stability.
- Average credit score of the 2,340 participating residents was improved by +55 points.
Down
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Qualified residents are eligible to receive
$5,000 toward the down payment of any home they purchase inthe United States . - In the first full year of the program, one family every month on average has received down payment assistance to purchase their own home.
Resident Home Purchase Program
- Tricon residents have priority access when Tricon decides to sell its homes and have the opportunity to buy them before they are listed for sale.
Protecting the Environment
- By installing 72,000 highly efficient, ENERGY STAR®-rated appliances in our homes over the last four years, Tricon has significantly enhanced the baseline energy efficiency of our homes.
- Tricon is currently targeting LEED Gold certification across 100% of the Canadian multi-family development pipeline, representing over 3 million square feet of residential space.
The full 2023 Sustainability report, a summary digest version, and our 2023 Sustainability performance scorecard are available on Tricon’s website at www.triconresidential.com/about/sustainability/.
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20240326422348/en/
For further information:
Investors
Executive Vice President and Chief Financial Officer
Managing Director, Capital Markets
Email: investorsupport@triconresidential.com
Media
Senior Vice President, Corporate and Public Affairs
Email: mediarelations@triconresidential.com
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