HOOPP REAL ESTATE
HOOPP is a global leader in real estate sustainability practices with over 50 million square feet of office, retail, residential and industrial space in over 200 locations across Canada, the United States and Europe. HOOPP relies on a lean portfolio team that partners with external managers and developers to manage its assets.
HOOPP has achieved global recognition for its commitment to environmental sustainability standards in its real estate portfolio.
HOOPP’s real estate group established a sustainability program aligned with industry best practice to enhance asset values. By investing in and developing healthy, efficient, and high-performing buildings with lower environment footprints, HOOPP delivers quality products to its tenants and long-term value for its more than 400,000 members.
HOOPP Real Estate’s sustainability strategy addresses environmental, social and governance aspects across the real estate life cycle. Anchored by the Pillar Scorecard, which measures the portfolio’s annual performance on key sustainability indicators, HOOPP’s sustainability program incorporates leading practices and engages HOOPP’s stakeholders such as management partners, tenants and peers to advance sustainability performance at HOOPP properties. Portfolio performance is reported in HOOPP’s annual sustainability report, participating in the Global Real Estate Sustainability Benchmark (GRESB) and annual Principles for Responsible Investment (PRI) reporting.
As a major real estate owner and developer, HOOPP has a responsibility to improve sustainability performance in its portfolio and drive positive change in the industry. HOOPP continues to push its business partners to augment their practices and apply them to other portfolios they manage. As a result, HOOPP’s sustainability influence extends far outside of its own portfolio into the global real estate market and HOOPP’s sustainability leadership has impacts beyond its own portfolio by being an industry driver in Canadian real estate. As a long-term investor, HOOPP develops healthy, efficient and high-quality buildings valued at $15.5 billion on a gross market value basis, of which more than 22M square feet and $5.3 billion are located across the province of Ontario.
Created in 1960, HOOPP is a multi-employer contributory defined benefit pension plan for Ontario’s hospital and community-based healthcare sector with 614 participating employers and 398,324 members. HOOPP’s membership includes nurses, medical technicians, administrators, food services staff and housekeeping staff, and many others who help deliver healthcare services in Ontario.
As a defined benefit plan, HOOPP provides its members with a financially secure retirement. HOOPP manages all aspects of the HOOPP pension plan for healthcare workers; not only administering the Plan but also investing member and employer contributions into the HOOPP Fund to ensure that pensions can be paid now and into the future.
HOOPP is governed by a Board of Trustees with representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses' Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU), and the Service Employees International Union (SEIU). This unique governance model provides representation from both management and workers in support of the long-term interests of the Plan.