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.