The Disclosure Challenge

The Canada Green Building Council (CaGBC) is proud to host the Disclosure Challenge initiative, which has been developed to champion the importance of data transparency in the Canadian real estate market and encourage broader uptake of benchmarking programs across the country. The initiative includes some of the largest building owners in Canada, who have voluntarily disclosed their building performance data to help advance the industry.

The Disclosure Challenge demonstrates the power and market potential of sharing data in an interactive and coordinated way. Building performance information, when collected and shared, is a powerful dataset that can help to propel Canada’s retrofit economy. Significant emissions reductions, energy efficiencies and cost savings can be achieved through benchmarking building performance and investing in targeted building improvements. These improvements are made possible when access to reliable building performance data is provided to owners, occupants, and legislators.

QuadReal Property Group, Triovest Realty Advisors Inc. and Concert Properties Ltd. volunteered to participate in the Disclosure Challenge and share their portfolio-wide building data. Their data can be seen by clicking on CaGBC’s Disclosure Challenge data visualization tool below. The tool utilizes the Standard Energy Efficiency Data Platform™ (SEED Platform) to display the building performance data in an interactive map that is connected to energy-use tracking data sources.

There are over 450 buildings hosted on the tool, including office and retail spaces, as well as multi-family residential and industrial type buildings. The buildings are spread across the country from Victoria to Halifax, with numerous stops in between including Montreal, Hamilton, Winnipeg, Lloydminster, Edmonton, Red Deer, and Vancouver.

 
 
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Data Visualization Tool

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Participants

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Why data transparency is important

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Casestudies

 

Data Visualization Tool

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Participants

QuadReal Property Group, Triovest Realty Advisors Inc., Concert Properties Ltd. volunteered to participate in the Challenge and disclosed available energy, water and carbon data across their building portfolios through the Energy Star Portfolio ManagerTM platform. These organizations have been fully transparent with all their available building data, which demonstrates a commitment to responsible management of their assets and, ultimately, to energy and greenhouse gas emissions reductions.

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.

 

 

Concert logo

Concert Properties is an enthusiastic supporter of the CaGBC’s Disclosure Challenge. 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.

- Brian McCauley, President and Chief Executive Officer of Concert Properties

 

QuadReal logo

We understand what buildings mean to people and what they contribute to local communities. 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.

- Jamie Gray-Donald, Senior Vice-President, Sustainability and Environmental Health and Safety at QuadReal Property Group.

 

Triovest logo

Triovest supports the adoption of a harmonized approach to disclose building energy and emissions performance data in Canada. 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 results.

- Philippe Bernier, Vice President, Innovation and Sustainability at Triovest.

 
 

About the Participants:


 
Concert Properties
Founded in 1989, Concert specializes in developing rental apartments, condominium homes and retirement communities, acquiring and developing commercial, industrial and infrastructure properties and in property management. With operations across Canada and the backing of more than 200,000 Canadians represented by the union and management pension plans who own Concert, our commitment is to build strong, sustainable communities across Canada. www.ConcertProperties.com
 
QuadReal Property Group
Headquartered in Vancouver, Canada, QuadReal Property Group is a global real estate investment, operating and development company. The company’s $27.4 billion portfolio spans 23 Global Cities across 17 countries. QuadReal was established to manage the real estate program of British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $155.6 billion portfolio. QuadReal aims to deliver prudent growth and strong investment returns, and to create and sustain environments that bring value to the people and communities it serves—now and for generations to come. For more information, QuadReal.com.
 
Triovest Realty Advisors Inc.
Triovest is an entrepreneurial leader in institutional real estate, creating sustainable places that enhance communities and enrich relationships. Triovest fosters a hands-on approach to value creation for our clients through innovation and collaboration. Our platform offers advisory and investment management services with over $10 billion in assets under management and $2 billion in development. From offices in each major market across Canada, Triovest combines local intelligence with deep expertise to drive superior returns. To learn more, please visit www.triovest.com
 
 

Supported by:


 

Concert logo

QuadReal logo

Concert logo

 

 

 


Why data transparency is important

Tenants, investors and the public are increasingly requesting action taken, and results achieved, on sustainability commitments. To voluntarily disclose building data on energy, water and carbon demonstrates that data transparency is a core value of your commitment to sustainability. Simply put, continuous improvement is a good business practice and encouraging others to do the same shows industry leadership.

Tracking a building’s performance 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 infancy in Canada. Ontario is currently the only province that requires building energy data to be publicly reported.

With the Disclosure Challenge initiative, CaGBC is demonstrating 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.

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.

 

 



Casestudies


Quadreal Property Group
777 Hornby St

View Casestudy »


Quadreal Property Group
Westmount Corporate Campus

View Casestudy »


Triovest Realty Advisors Inc.
ATCO Centre

View Casestudy »

 

 

 

 

Interested in joining the Disclosure Challenge?

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