Building: Design, Development & Management
Melissa Ferrato headshot
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Melissa Ferrato

Vice President, ESG, First Capital REIT

At the heart of sustainability is an inherent challenge—stakeholders have different priorities, and while FCR had already employed a lot of the tried and true practices that all leading property owners employ (adopting science based targets and LEED standards, replacing fluorescents with LEDs, reporting under GRESB and CDP) Melissa realized that getting to net zero was going to require engaging the most critical stakeholder: their tenants. Knowing the whole industry confronted the same issue, she assembled a group of major retail tenants and landlords including Canada’s leading banks, grocers, retailers, and real estate companies, representing ~ $600 billion in market cap and two MT of emissions and hosted a forum. Discussions calculated to provoke insights such as “How can we reimagine the landlord-tenant relationship to align on low-carbon interests and incentives? left participants both motivated, and with actionable insights to shift the traditional landlord-tenant partnership