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First Capital Realty issues its first Corporate Responsibility and Sustainability (CRS) Report compliant with the Global Report

^{Published on 2011-10-03 05:14:48 - Market Wire}
 

TORONTO, Oct. 3, 2011 /CNW/ - First Capital Realty Inc. ("First Capital Realty") (TSX: FCR) Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas, announced today the release of the Company's first Corporate Responsibility and Sustainability (CRS) Report that complies with the Global Reporting Initiative^™ (GRI^™) Sustainability Reporting Guidelines. The Company's 2010 CRS Report outlines the significant progress it has made on adopting industry-leading standards for CRS.

"We are proud to be Canada's first publicly-traded real estate company to issue a GRI^™-compliant CRS Report," stated Dori J. Segal, President and CEO of First Capital Realty.  "Living up to our social and environmental responsibilities makes good business sense and is consistent with the long-term strategy of our Company."

The Company has self-declared its report to be an Application Level B+.  This application level requires a company to report on at least 20 performance indicators, including one from each category: economic, environment, human rights, labour, society, and product responsibility.  Furthermore, it requires external assurance.  Accordingly, the Company has received independent assurance over selected quantitative performance indicators included in its CRS Report for the year ended December 31, 2010 from Pricewaterhouse Coopers LLP.

In May 2006, First Capital Realty became Canada's first shopping centre owner, developer and operator to commit to build all of its new projects to Leadership in Energy and Environmental Design^® (LEED^® standards).  As of December 31, 2010, 15 projects have been LEED^® certified with another 55 projects under development, in construction, or awaiting LEED^® certification.  The report also details a number of initiatives implemented during 2010 to reduce water and energy consumption, including two properties under development that will use geothermal energy for heating and cooling.

To obtain a copy of First Capital Realty's 2010 CRS report, please visit our website at [ www.firstcapitalrealty.ca ].

ABOUT FIRST CAPITAL REALTY (TSX:FCR)
First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas. The Company currently owns interests in 165 properties, including four under development, totalling approximately 22.8 million square feet of gross leasable area and six sites in the planning stage for future retail development.