2023 Sustainability Report

The 2023 Sustainability Report discloses relevant information regarding material ESG topics for our business in 2023 and Q1 of 2024. This report highlights key initiatives we have undertaken over the past year, and contains forward-looking statements on our progress and direction. This report covers Fengate’s three verticals – infrastructure, private equity and real estate (business units) – and directly addresses the disclosure recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD) for each business unit.

Sustainability
Highlights

0MW

Renewable energy
generation capacity

0 million MWH

Renewable energy
generated in 20231

0%

LEED silver or gold-certified social and transportation investments2

0+ million kWh

Net energy savings in 20233

0 million

Liters of water saved in 20233

0%

Diversion rate of commercial
property waste from landfills3

0M+

Cumulative construction
union work hours created4

0+

Hospital beds delivered

0+

Hours volunteered to our communities

0%

Executives are women

0

Years recognized as one of Canada’s Best Managed Companies

1. Does not include renewable energy generation from assets disposed during the 2023 reporting period
2. Out of this, three assets are targeting LEED Silver or Gold-Certified
3. Fengate Commercial Income Fund properties
4. Across 5 recently completed or in construction infrastructure projects

Case Study
  • University of Toronto
    Scarborough, ON

    Learn More

  • Los Angeles International Airport’s Consolidated Rent-A-Car facility
    Los Angeles, CA

    Learn More

  • Clackamas County Replacement Courthouse
    Portland, OR

    Learn More

  • Prairie Switch Wind
    Warton County, TX

    Learn More

Retrospective
Progress
2018

  • Fengate became a signatory of PRI.

Principles for Responsible Investment
2021

  • Fengate Equity, Belonging, Inclusion and Diversity (“EBID”) Think Tank was formed.

  • Fengate became a signatroy for the Institutional Limited Partners Association (“ILPA”) Diversity in Action Initiative.

ILPA logo - Institutional Limited Partners Association
2022
  • Fengate established a firm-wide ESG Committee for formal oversight.
  • Fengate became Legacy Spaces partner through The Gord Downie & Chanie Wenjack Fund.
  • Fengate refreshed firm-wide ESG program with third-party advisor KPMG.

  • Fengate Infrastructure Fund IV became an SFDR Article 8 fund.

2023

  • Fengate Commercial Income Fund (“FCIF”) submitted to GRESB.

  • Fengate appointed first Director of ESG to lead Fengate’s firm-wide ESG Strategy.

  • Fengate conducted inaugural physical climate risk analysis across majority of standing assets using Mitiga EarthScan’s climate risk tool.

2024
  • Implementation of an updated Responsible Contractor Policy.

  • Inaugural firm-wide Sustainability report including TCFD-aligned disclosures.

  • Onboarding of third-party ESG Data Management Tool.
  • Developing decarbonization roadmap for select funds.
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A Firm-wide Corporate Culture Driving Exceptional Performance

Fengate is the recipient of Waterstone Human Capital’s 2022 Canada’s Most Admired Corporate Cultures award for a three year period. This national program, now in its 19th year, annually recognizes best-in-class Canadian organizations for having cultures that have helped them enhance performance and sustain a competitive advantage.

2023 Sustainability Report

The 2023 Sustainability Report discloses relevant information regarding material ESG topics for our business in 2023 and Q1 of 2024. This report highlights key initiatives we have undertaken over the past year, and contains forward-looking statements on our progress and direction. This report covers Fengate’s three verticals – infrastructure, private equity and real estate (business units) – and directly addresses the disclosure recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD) for each business unit.