Fengate highlights responsible investment progress with release of 2024 Sustainability Report

By: Fengate Asset Management via GlobeNewswire

July 07, 2025 at 12:00 PM EDT

TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Fengate Asset Management (Fengate) today released its 2024 Sustainability Report (the report), demonstrating the firm’s continued commitment to responsible investment in Canada and the United States (U.S.).

Fengate’s second firmwide sustainability report, the latest report details the significant progress made in several key areas between January and December 2024, including responsible labour, environmental, social, and governance (ESG) data management, climate risk management, and economic impact reporting. The full 2024 Sustainability Report is available here.

"Fengate was founded with a fundamental commitment to upholding our responsibilities to our stakeholders, our environment, and our communities, as we believe responsible investment is critical to delivering long-term, sustainable value," said Lou Serafini Jr., President and CEO of Fengate. "This report demonstrates that we can achieve impactful results by being thoughtful in the opportunities we pursue, in the decisions we make, and by selecting the right partners to help deliver our projects."

The report also highlights key accomplishments from across Fengate’s infrastructure, private equity, and real estate businesses. Highlights include:

Engaging labour responsibly: Fengate Infrastructure’s LAX Consolidated Rent-a-Car (ConRAC) project in Los Angeles was delivered under a Project Labour Agreement (PLA), creating more than 5,000 jobs and generating US$200 million in wages for the local workforce throughout construction. More than 4.1 million union construction labour hours were generated, with all of North America’s Building Trades Unions (NABTU) trades involved.
Raising the bar for sustainable design: Fengate Real Estate’s Harmony Commons student residence project delivered for the University of Toronto became the largest passive house-certified building in Canada, and the largest passive house dormitory in the world. The building consumes 70% less energy and contributes 90% less GHG emissions per person in peak conditions and eliminates the use of fossil fuels for heating and cooling.
Moving the needle on the energy transition: With nine renewable energy assets throughout the U.S., Fengate Infrastructure achieved a capacity of 749 megawatts (MW), generating more than 1.9 million megawatt-hours (MWh) of renewable energy in 2024.
Enhancing nature protection: A third of Fengate Real Estate’s 600-acre Friday Harbour Resort in Innisfil, Ontario, is dedicated nature reserve. Every measure has been taken to ensure that natural wildlife – including 40 species of birds, deer, and red fox – are protected. Additionally, new wetlands have been created to provide enhanced habitat opportunities for a range of flora and fauna.
Improving resource conservation: Fengate partnered with U-PAK Emerald Energy to divert 100% of landfill waste from the office buildings it manages to achieve zero waste, with 628 metric tonnes of waste diverted, 2,093 tonnes of greenhouse gas (GHG) emissions avoided, and 125 MWh of electricity generated from waste.
Elevating industry leadership: Fengate was recognized as one of Canada’s Best Managed Companies for the 17th consecutive year, named as one of Canada's Top Small & Medium Employers, and was recognized by Great Place to Work Canada as a Best Workplace for Financial Services, Women, Inclusion, Mental Wellness, Today’s Youth, Giving Back, and Most Trusted Executive Teams. The firm also achieved a 5/5 PRI (Principles for Responsible Investment) score on policy, governance, and strategy for the 2024 assessment period.

About Fengate
Fengate is a leading alternative investment manager with more than $24 billion in assets under management, focused on infrastructure, private equity, and real estate strategies. With offices in Toronto, Miami, and Houston, and 300 team members across North America, Fengate leverages more than 50 years of entrepreneurial experience to deliver excellent investment results on behalf of its clients. Learn more at www.fengate.com.

Media contact
Dale Gago
Communications and Marketing Business Partner
Fengate Asset Management
dale.gago@fengate.com
437 326 1473