HOOPP is a global leader in real estate sustainability practices with over 43 million square feet of office, retail, residential and industrial space in over 230 locations across Canada and around the world. HOOPP relies on a lean portfolio team that partners with external managers and developers to manage its assets.
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 350,000 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, suppliers 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 responsible investor, HOOPP is committed not only to integrating sustainability in its own portfolio but to advancing the industry as a whole. 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, of which more than 15.7M square feet and $4.8 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 over 500 participating employers and more than 350,000 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 eligible members with a retirement income based on a formula that takes into account a member’s earnings history and length of service in the Plan. 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.