Impact is our Purpose. Real Estate is our Tool.
Inaugural Annual Impact Report
Impact Framework: A Statement of Purpose
In June 2021, we published our ambitious Impact Framework anchored by four commitments that guide our work: It Starts With Us, Tackling Climate Change, Broadening Affordability & Equity and Building Social Capital.
The overarching objectives for these four commitments are:
Optimize positive impacts and eliminate negative impacts created through the day-to-day business and operating decisions TAS makes.
TAS projects are net zero carbon by 2045.
Include an affordable and/or equity-building component in at least 10% of the residential and the commercial spaces within our portfolio by 2030.
Build and strengthen social capital in neighbourhoods where TAS operates, with a focus on developing measurement tools to track progress.
5 Key Concepts
For decades, a focus on leveraging real estate as a tool to drive broad, collective value has been at the core of how TAS operates. While innovating for impact over the years, the following key concepts have come to align and guide #TeamTAS:
Holistic: By focusing on both eliminating negative impact and generating positive impact, we eliminate the risk of green-, ESG- or impact-washing. This also helps us make progress aligned with the UN Sustainable Development Goals without inadvertently undermining progress elsewhere.
Measurable: We can’t substantiate progress claims unless the ultimate destination has been defined, so we set quantitative and qualitative targets and proactively manage performance across all three ESG dimensions.
Integrated: We have embedded impact alongside financial metrics in our internal management systems (e.g., in consolidated dashboards), thereby ensuring equal cross-portfolio integration of both profit and purpose across TAS’s investment decisions and business operations.
Transparent: Achieving our bold impact targets will be challenging, and we believe it is very important that we provide clear reporting on our progress – including both our successes and our learnings.
Active: We dedicate time and resources to participate in local and global networks and organizations so we can continuously both learn from and contribute to industry best practices.
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 firstname.lastname@example.org.