Triovest and Concert Properties accept challenge to publicly disclose energy,
carbon and water data from buildings
On March 27, 2019, the Canada Green Building Council (CaGBC) launched the CaGBC Disclosure Challenge initiative to support and champion the importance of data transparency in the Canadian real estate market and encourage broader uptake of benchmarking programs across the country.
QuadReal Property Group, Triovest Realty Advisors Inc. and Concert
Properties Ltd. have volunteered to participate in the Challenge and will be fully
disclosing energy, water and carbon data across their building portfolios.
These organizations are not only pledging to be transparent with their building
data now, but they are also demonstrating a commitment to the responsible
management of their assets and, ultimately, to energy and greenhouse gas
Tracking a building’s performance over time and publicly disclosing the
data is not new. Many European and American states and cities have been
requiring building energy disclosure and benchmarking for years. However, public
energy disclosure is in its relative infancy in Canada. Currently, Ontario is
the only province that requires building energy data to be publicly reported. With
the Disclosure Challenge, CaGBC aims to demonstrate the value of data
transparency and remove barriers within the wider real estate community, which
will enable more municipal and provincial jurisdictions to move forward with
requirements for the public reporting of building performance data.
“When collected and shared, building performance data is a powerful tool propelling
Canada’s retrofit economy. With the Disclosure Challenge, we hope to increase
understanding of how buildings are performing and where they can be improved.
This in turn will help governments identify the sectors and building types most
in need of retrofit to achieve maximum emissions reductions,” said Thomas
Mueller, President and Chief Executive Officer at CaGBC. “We know the real
estate industry supports disclosure in terms of good business practice and
smart decision making for investments, but also as part of their role in supporting
the low-carbon economy.”
The Institute for Market Transformation (IMT) in Washington, D.C. is a pioneer in the field of data disclosure. They endorse CaGBC’s Disclosure Challenge and encourage greater transparency when it comes to public energy disclosure.
“To voluntarily disclose is to boldly demonstrate that transparency is a
core value and that a commitment to sustainability and continuous improvement
is good business practice,” said Cliff Majersik, Executive Director of
IMT. “The IMT commends CaGBC for
hosting the Disclosure Challenge, which shines a light on valuable building
energy information that sets a baseline for progress, allows for occupants and
investors to make smarter leasing and purchasing decisions, and makes it easier
for governments, utilities, and businesses to target market offerings and
programs that help those most in need of assistance.”
The CaGBC will host a publicly-available interactive online mapping tool
to enable the participants’ disclosed data to be available to designers,
building operators and energy management professionals, municipalities,
researchers and the public. Participants will be required to disclose data from
their buildings, both good and bad performers, to complete the challenge.
“We understand what buildings mean to people and what they contribute to
local communities,” said Jamie Gray-Donald, Senior Vice-President,
Sustainability and Environmental Health and Safety at QuadReal Property Group.
“At QuadReal, we believe disclosing information about energy, water and carbon
usage benefits owners, managers and tenants, and enables better decision-making
leading to greater energy efficiency. There is also growing demand from tenants
for this type of disclosure and access to environmental information. We are
excited to participate in this challenge and look forward to seeing more
organizations take part in the future.”
“Triovest supports the adoption of a harmonized approach to disclose
building energy and emissions performance data in Canada,” said Philippe
Bernier, Vice President, Innovation and Sustainability at Triovest. “Triovest
is committed to transparency, energy and emissions reductions, and responsible
management. We find that when we share our sustainability performance
information and objectives publicly, it compels us to deliver outstanding
“Concert Properties is an enthusiastic supporter of the CaGBC’s
Disclosure Challenge,” said Brian McCauley, President and Chief Executive Officer
of Concert Properties. “Our company is committed to transparency and recognizes
the need for our industry to show leadership in the reporting and reduction of
energy use and carbon emissions. Through our participation we hope to show that
we are not only active partners in helping fight climate change, but also
responsible asset managers and community builders.”
The results of the initiative will be made publicly available at CaGBC’s Building Lasting Change conference in May, and a final report will be released in the fall of 2019, with key findings and recommendations on next steps to drive greater energy disclosure adoption. The CaGBC Disclosure Challenge was made possible through financial contributions from the Government of Canada (Natural Resources Canada). Additional support was provided by QuadReal and the Real Estate Foundation of B.C.
CaGBC Media Contact – Joel Baglole, CaGBC Communications