The Disclosure Challenge

The Canada Green Building Council (CaGBC)’s Disclosure Challenge initiative champions the importance of data transparency in the Canadian real estate market and encourages the development and adoption of benchmarking programs across the country.

Some of Canada’s largest building owners voluntarily shared their building performance data and their insights in a new report designed to help advance the whole real estate industry.

The Disclosure Challenge demonstrate the power and market potential of sharing data in an interactive and coordinated way. When collected and shared, building performance information becomes a powerful dataset that can drive significant emissions reductions, energy efficiencies and cost savings. However, these improvements are only made possible when access to reliable building performance data is provided to owners, occupants, and legislators.

 
 
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Transparency Commitment

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About the Report

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Data at Work

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Why data transparency is important

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Case Studies



Participants commit to publicly share building data

QuadReal Property Group, Triovest Realty Advisors Inc., Concert Properties Ltd., Colliers International, and the Minto Group volunteered to participate in the Disclosure Challenge and share their portfolio-wide energy, water and carbon data through the Energy Star Portfolio Manager™ platform. These organizations have been fully transparent with all their available building data, demonstrating a commitment to the responsible management of their assets and, ultimately, to energy and greenhouse gas emissions reductions.

Tenants, investors, and the public are increasingly requesting information about sustainability commitments, including the actions taken and results achieved. While tracking a building’s performance and publicly disclosing the data is accepted practice in many European countries and U.S. states and cities, public energy disclosure is in its infancy in Canada, where only Ontario currently requires it.

With the Disclosure Challenge initiative, CaGBC aims to demonstrates the value of data transparency and remove barriers to enable municipal and provincial jurisdictions to move toward with the public reporting of building performance data.

 

 

Participants

 

 

The industry supports government action

Despite the commitment and openness of the participating industry leaders, the Disclosure Challenge revealed that of the more than 700 buildings in the Challenge, less than half (46 per cent) had complete data available, with gaps largely in the retail and industrial sectors.

In Full Disclosure – Industry Leadership on Transparency, CaGBC, along with Disclosure Challenge participants QuadReal Property Group, Triovest Realty Advisors Inc., Concert Properties Ltd., Colliers International, and the Minto Group, shared their learnings.

Together, they have issued a call for governments to help to mandate access to building data in order to ramp up the energy efficiency of Canada’s buildings. While several jurisdictions are adopting benchmarking and disclosure requirements, Canada still has a way to go.

Without government mandates to drive data disclosure—across the country and from buildings of all types—it is likely owners will the visibility to achieve the best outcomes for their portfolios and to help Canada reach its emissions targets.

 

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.

 

See building data at work

The Disclosure Challenge participants’ data is publicly available within the CaGBC Disclosure Challenge data visualization tool. The tool uses the Standard Energy Efficiency Data Platform™ (SEED Platform) to display the building performance data in an interactive map connected to energy-use tracking data sources.

 

 

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There are over 700 buildings in the tool, from office and retail spaces, to multi-family residential and industrial-type buildings. The data is spread across the country from Victoria to Halifax, and includes buildings in Montreal, Hamilton, Winnipeg, Lloydminster, Edmonton, Red Deer, and Vancouver.

 

 

 

Why data transparency is important

Tenants, investors, and the public are increasingly requesting information about sustainability commitments, including the actions taken and results achieved. While tracking a building’s performance and publicly disclosing the data is accepted practice in many European countries and U.S. states and cities, public energy disclosure is in its infancy in Canada, where only Ontario currently requires it.

With the Disclosure Challenge initiative, CaGBC aims to demonstrates the value of data transparency and remove barriers to enable municipal and provincial jurisdictions to move toward with the public reporting of building performance data.

 



Case Studies

You can’t change what you don’t measure. To understand how to improve a building’s energy and resource use performance, owners and managers must first know how it’s currently performing.


Quadreal Property Group
777 Hornby St

View Case Study »


Quadreal Property Group
Westmount Corporate Campus

View Case Study »


Triovest Realty Advisors Inc.
ATCO Centre

View Case Study »

 

 

 

Interested in joining the Disclosure Challenge?

Please email disclosurechallenge@cagbc.org and start sharing your data.

 

 

Supported by:


 

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QuadReal logo

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