In Fiscal 2025, Mattamy was once again named one of Canada’s Most Admired Corporate Cultures, and our annual employee survey showed that, bucking global trends, our employees demonstrate world-class levels of engagement. Every day, I see that engagement reflected in how we treat each other, our customers and our planet.

Now more than ever, it is important to share and celebrate such achievements. In the face of changing social, political and economic winds, organizations across a range of industries are choosing to rethink or revise their commitment to sustainability.

Not Mattamy.

Sustainability remains a core value for this company and our team members. While others may choose to pull back or tone down, our commitment to sustainability remains strong. We acknowledge the risks posed by human-driven climate change and continue to believe that working to reduce the carbon footprint of our operations and homes is the right thing to do for our industry, customers and communities. For an organization that thrives on challenges, addressing climate change is a constant one and for us represents an opportunity to find ways to build better.

While operating in an environmentally responsible way has always been important to Mattamy, we began our current sustainability journey in FY2023. Since then, we have set goals, shared information, and added essential people and systems. Our efforts have made – and are making – a difference. In FY2025, in all our divisions, we exceeded our target of a 10% reduction in GHG emissions in homes sold during the year, as compared to equivalent code‑built homes.

Powered by the dedication, hard work and innovative thinking of individuals and teams across our company, we turned ambition into action and action into achievement.

This collective achievement was driven by our people’s dedication to sustainability, which created opportunities and initiatives dealt with in this report, including:

Increasing the number of ENERGY STAR^®-rated homes built in Ontario, Florida and Arizona;
Expanding our deployment of solar panels on homes in Alberta;
Implementing window and insulation effort aimed at bringing scores closer to ENERGY STAR in our Florida divisions;
Working toward low-carbon concrete or on ways to recycle concrete across all our divisions; and
Continuing our deployment of geothermal homes.

Exceeding our carbon-reduction target was just one of many notable sustainability achievements for Mattamy in FY2025. We also advanced our internal carbon accounting, with Mattamy’s corporate and divisional teams now integrating carbon accounting into their financial planning process. Further, Mattamy is positioned to be the first North American homebuilder to obtain limited assurance on select GHG metrics. From a sustainable growth perspective, one of our most significant accomplishments was achieved in partnership with a like-minded syndicate of Canadian and American financial institutions; together we established – and Mattamy benefited from – the first sustainability-linked revolving loan in North America.

These evolutions in accounting and financing are, in their own way, just as important as our achievements in GHG emissions reduction. They show that a profitable, service-focused business can successfully integrate sustainability into its planning and operations: that sustainability can – and should – become business as usual. It has at Mattamy.

Looking to the year ahead, we will challenge ourselves with more ambitious GHG targets and continue building on our momentum with more energy-efficient, low-operational carbon homes, while expanding our embodied carbon initiatives and improving our data structures.

Backed by our team members, we’ll do more and do it better. Business as usual.

Peter Gilgan
Chairman, CEO & CSO
Mattamy Asset Management
Founder of Mattamy Homes