Starlight Investments is pressing forward with its environmental and social governance program despite a loosening of ESG regulations.

Marlee Kohn, Starlight’s vice-president of ESG, told Connect that the firm will not be swayed by changing political attitudes towards ESG, which have been shaped largely by U.S. President Donald Trump’s disdain for such regulations and program. She said Starlight’s business still faces risks and and opportunities related to climate change, which could affect Starlight’s properties in both Canada and the U.S.

Despite the changing views in the U.S., Starlight will not adjust its ESG program there.

“We know [Starlight’s ESG program] adds value,” she said. “It adds value for our residents and partners and the environment. So to move away from that because of the political environment or changes or a slowdown in terms of regulation would be a departure of our commitment and the belief that we think it’s contingent on those items.

Toronto-based Starlight ranks among Canada’s largest investment, development and management firms, specializing in the multi-family sector. The firm invests globally and, accordingly, applies its sustainability program to all properties.

Kohn said Starlight must create and maintain resiliency for its existing buildings and new developments. The company expands mainly through infill projects at its existing sites.

“We have to keep that moment and stay ahead of [ESG requirements and environmental risk], even in the face where regulation has slowed or there isn’t compliance. We know [a tougher ESG regulatory environment] is something that will come. It just may not be at this exact moment in time.”

Starlight’s 2024 sustainability report shows that company’s ESG program has made big strides in recent years. Kohn said the report demonstrates overall company progress and operational improvements across all buildings.

“It really is a testament to all of the great partnerships we have and the great work that we’re doing across these communities to to drive our targets and our commitments in this space,” said Kohn. “And so, I think this report really details that commitment for us. It does also highlight a few innovative initiatives, some great achievements, and our progress on some of our key impact areas. And, I think it really takes an authentic look at at at that progress as well, too, in the face of different political environments or economic environments.

“So, we have to remain steadfast and committed.”

Since 2019, Starlight has cut emissions intensity by 21% while reducing its energy intensity by 16%.

“It really makes a difference when you when you marry your your goals related to environment and social impact and overall governance with your overall business strategy as well, too,” said Kohn. “It really dovetails nicely together. In that regard.

As part of meetings its long-term ESG targets, Starlight plans to boost social-housing development and increase charitable contributions. In 2024, the company donated $542,000 to local charities and the firm’s employees volunteered for more than 1,000 hours with community organizations.

In 2024, Starlight delivered 1,100 social-housing units for vulnerable and at-risk populations across Canada while working with 38 organizations.

Starlight wants to ensure that its social-housing stock and purpose-built rental properties remain safe and welcoming for all residents while building inclusive and resilient communities and addressing Canada’s housing crisis, said Kohn.

“Looking ahead, we will continue to seek new partnerships and invest in those programs that make a meaningful difference, especially for those who need it most,” she said.

Pictured: Starlight multi-family property in Langley, B.C.

Photo: Courtesy of Starlight