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ABOUTTHISREPORT OVERVIEW This report summarizes Mintos 2014 environmental health and safety performance. Data from this report covers the period from January to December 2014 with historical data provided for context. METHODOLOGYHEALTH SAFETY PERFORMANCE Injury data was obtained from occupational illness and injury reports submitted to Mintos Health Safety and Security Division and the Ontario Workplace Safety and Insurance Board. Frequency rates are calculated based on total claims divided by derived hours worked multiplied by 200000 hours where total claims include health care injuries worker receives professional services from a registered health care professional due to a workplace injury but there is no lost time and lost time injuries worker misses work due to workplace injurynot including the day of the injury. Severity rates are calculated based on total lost days divided by derived hours worked multiplied by 200000 hours where lost days are the number of days missed at work due to a workplace injurynot including the day of the injury. Rate group information was obtained from the Ontario Workplace Safety and Insurance Board. METHODOLOGY ENVIRONMENTAL PERFORMANCE Environmental performance is measured in carbon emissions carbon dioxide equivalents calculated from natural gas and electricity consumption using Canadian utility emission factors from 2013 and 2014 National Inventory Report tables water consumption construction waste diverted and third party certifications. Performance is reported as percentages and intensities. process within the calendar year does not indicate the home will not be certified. For multi-residential buildings each unit has been counted as certified when the building is certified or certification of the building is in progress. This year Minto re-evaluated the certifications that were counted toward the certification totals. Some of the certifications counted previously were eliminated from the counts to ensure only certifications achieved through independent audits confirming compliance with established environmental or energy criteria were counted. CARBON The chosen base year is 2009 and has been calculated in accordance with the Greenhouse Gas GHG Protocols accounting and reporting principles for accuracy transparency and consistency over time. The carbon footprint is calculated based on GHG Protocol Corporate Standard guidelines. The GHG- defined organizational boundary has been determined using the operational control approach. This is in keeping with REALpacs Best Practices in Accounting for GHG Emissions in the Commercial Real Estate Sector. The carbon footprint does not include indirect emissions caused as a result of our business activities such as employee commuting fuel used for on- site property maintenance construction or waste recyclingdisposal. The baseline and previous-year results are recalculated annually using best available consumption figures and to account for changes to Mintos operated property portfolio since 2009. For example when Minto purchases a building that was built in or prior to our base year of 2009 we assume ownership of the buildings historical consumption and emissions. Buildings constructed after 2009 are not included in the base year total or intensity as there was no consumption at that time however their subsequent consumption is counted in subsequent totals. Weather normalized carbon intensities have been included to allow building performance to be monitored Intensity is a unit of consumption or emissions divided by a business metric e.g. kilograms of carbon dioxide emitted per square foot operated or litres of water consumed per square foot operated. Square foot operated refers to the gross leasable area of the properties that fall under Mintos operational control. Water and carbon performance are compared to a 2009 baseline. All building performance data was recorded from buildings using the operational control approach. With this approach Minto reports 100 of the building emissions for which it has daily operational control and the power to implement operational policies. All figures disclosed are the best available totals gathered from utility bills waste audits waste invoices and reports from internal departments. THIRD PARTY CERTIFICATION For commercial space certification the percentage presented is the number of square feet of leasable operated commercial space covered by a certification in each year divided by the total square feet of leasable operated commercial space. For new residential community certifications the percentage presented is the number of certifications achieved or in progress on buildings closed in each year divided by the number of closings in each year. Homes are considered closed when title and ownership are transferred from Minto to the purchaser. Homes have been counted as certified when the certification is complete or in progress because the certification date is not linked to the closing date and the certification process may not be completed in the same calendar year as closing. Failure to complete the certification independent of variations in annual weather conditions. The data was weather normalized using our third party softwares normalization function which calculates the base load consumption and consumption impacted by weather and then adjusts the weather-driven consumption for the selected year to base year weather in each geography. WATER All building performance data was recorded from buildings using the operational control approach. Water consumption measured includes domestic water usage pools irrigation and renovation work. WASTE Total waste generated includes the tonnes of waste sent to landfill and tonnes of waste diverted from landfill. Waste data was not available for one 2013 construction project and one 2014 construction project necessitating the use of industry averages for the projects missing waste generation totals. Zero diversion was assumed in both cases. One other 2014 construction project is missing data from an alternate temporary hauler which made pickups over a period of a few weeks. Data from this hauler was not available and no estimates were generated as no mechanism was available to account for this missing information. Minto Communities Florida waste diversion rates are not included due to different service levels and insufficient data. For previous reports and more about Mintos sustainability efforts visit minto.com. Report design Green Living Enterprises