Impact is our purpose. Real estate is our tool.
2022 Annual Impact Report
Published: June 2023
2021 Annual Impact Report
Published: June 2022
Impact Framework: A Statement of Purpose
In June 2021, we published our ambitious Impact Framework anchored by four commitments.
The overarching objectives for these four commitments are:
It Starts With Us
Optimize the positive impact and eliminate the negative impact created through day-to-day business and operating decisions.
Tackling Climate Change
TAS projects are net-zero carbon by 2045.
Broadening Affordability & Equity
No less than 10% of our residential portfolio will be affordable and 10% of our commercial portfolio will be below-market by 2030.
Building Social Capital
Build and strengthen social capital in the neighbourhoods where TAS operates.
TAS’s Impact Measurement System
Since launching our Impact Framework, we have dedicated significant resources to ensuring we deliver on our ambitious impact commitments, moving beyond good intentions to implementation.
The Impact Management System we’ve built is one of the most comprehensive measurement systems in the real estate industry.
This innovative approach collects, validates, analyzes and reports data on both our direct and indirect impacts, and enables us to track against minimum performance standards and long-term targets.
We needed to adapt impact industry best practices to the complexity and scale of a real estate developer and asset manager. This work aligns with the internationally-recognized Common Impact Data Standard and Impact Management Norms; it also incorporates IRIS+ social and environmental impact metrics managed by the Global Impact Investing Network. We also strive to contribute to the UN Sustainable Development Goals (SDGs) and have mapped how we do so using the SDG Compass. Aligning our measurement system to widely-accepted standards lays the foundation for our impact data to be shared with and evaluated by others.
Take part and join a growing network of impact-aligned partners.
Have a question, great partnership idea, or just want to keep in touch? Reach out to our Impact Group at email@example.com.