TORONTO, May 12, 2022
/CNW/ - Flagship Communities Real Estate Investment Trust
("Flagship" or the "REIT") (TSX: MHC.U) announced
today it has published its second Environmental, Social and
Governance (ESG) sustainability report (the "Report"). The
Report highlights the responsibilities of the REIT through its
ongoing commitment to the health and safety of its communities, the
protection of the environment and the welfare of its employees.
"We are pleased to announce the release of our second ESG report
with our shareholders as we recognize that our commitment to ESG
makes us better operators, supports transparency and strong
governance, contributes to improved safety and environmental
performance, and strengthens our connection with local
communities," said Kurt Keeney, CEO.
"Our progress includes continuing to focus on water reclamation
through our expanded water and sewer monitoring program along with
the continued installation of solar lighting within our
communities."
This Report contains standard disclosures from the Global
Reporting Initiative (GRI) Sustainability Reporting Standards,
prepared largely in accordance with the Core option and also
considers the reporting framework outlined by The Sustainability
Accounting Standards Board (SASB). The Report includes the energy
savings achieved in manufactured housing units compared to
traditional on-site construction-built homes. Also included are
statements detailing Flagship's commitment as operators, supporting
transparency and strong governance, contributing to improved safety
and environmental performance, and strengthening their connection
with local communities.
The report can be found on the REIT's website at
https://flagshipcommunities.com/wp-content/uploads/esg_report_2021_flagship_communities_reit.pdf.
The REIT's Waterford Pointe Community was recently named
Community of the Year (East) by the national Manufactured Housing
Institute. The company also was named the winner of the Business
Impact Award by the Northern
Kentucky Chamber of Commerce.
About Flagship Communities Real
Estate Investment Trust
Flagship Communities Real Estate Investment Trust is an
internally managed, unincorporated, open-ended real estate
investment trust established pursuant to a declaration of trust
under the laws of the Province of Ontario. The REIT has been formed to own and
operate a portfolio of income-producing manufactured housing
communities located in Kentucky,
Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured
homes for lease to residents of such housing communities.
SOURCE Flagship Communities Real Estate Investment Trust