Investing in Responsible Operators
The companies we own often demonstrate leading practices in their industries, from delivering clean drinking water and treating sewage, to reducing environmental impacts at commercial properties. Here are just a few examples.
Safe Water in Chile
As part of our Infrastructure portfolio, Ontario Teachers' owns significant interests in three water utilities representing approximately one-third of Chile's government-regulated water and wastewater services: Empresa de Servicios Sanitarios del Bio-Bio S.A. (Essbio), Aguas Nuevo Sur Maule, S.A. and Esval S.A.
These utilities operate the infrastructure that delivers clean drinking water, takes away wastewater and treats sewage.
The Chilean government — through CORFO, an economic development agency — is a partner and fellow shareholder in these companies, and the government has maintained a significant presence in Chile's water sector.
Collectively, the utilities invested in 130 sewage treatment systems in less than eight years. While this added a new cost for many customers for a new service, it has also improved sanitation and dramatically lowered pollution levels in waterways. The expenditures have helped to reduce suffering from such lethal water-borne illnesses as typhoid fever, hepatitis and infant diarrhea.
Sustainable Property Management
Ontario Teachers' owns The Cadillac Fairview Corporation Limited, one of North America's largest investors, owners and managers of commercial real estate.
Cadillac Fairview has made it a priority to develop and execute one of the most comprehensive sustainability programs in the Canadian real estate industry.
Cadillac Fairview's GREEN AT WORK program was launched in 2008 to reduce the company's environmental impact and enhance the value of assets in five areas: Energy, Waste Management, Environmental Protection (land, air and water), Sustainable Procurement and Stakeholder Collaboration. See highlights from the first five years of GREEN AT WORK.
Many Cadillac Fairview properties have attained LEED (Leadership in Energy and Environmental Design) certification, the internationally-accepted measurement for sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality. Others are actively pursuing the designation.
Green Marine Program
In 2014, GCT Global Container Terminals, one of our infrastructure companies, joined Green Marine, a North American certification program for the maritime industry. Participants pledge to reduce their environmental footprint through clear improvements each year.
In 2015, GCT committed to certify all facilities in this voluntary, transparent, and inclusive program.
One of the company's key areas of focus is reducing truck idling and dwell times at its facilities by introducing reservation systems, automated gate transactions and night gate operations. These changes not only alleviate congestion, they also help to reduce noise, greenhouse gas emissions and air pollutants.
GCT has also invested in technology to capture and reuse some of the energy used in daily operations, which reduces fuel usage and greenhouse gas emissions, even while its overall volumes are increasing.