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REALPAC’s first global survey shows diversity a priority

2 years ago

The first global survey by REALPAC and several international partners found 92 per cent of respondents already have a diversity, equity and inclusion (DEI) policy, or said they intend to implement one within 12 months.

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Canada faces an ESG talent gap. There’s no shortage of discussion about the nuts and bolts of environmental, social and governance issues. Governments, regulators and investors are demanding more disclosure, analysis and management of business risks related to sustainability.

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Canada’s long-term economic growth and the stability of its financial system could be at risk if the country delays transition to a low-carbon world, said the Bank of Canada after examining the balance sheets of RBC and four insurance companies.

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When it comes to decarbonizing the Canadian economy, heavy industries, such as steel and concrete manufacturing, might be the hardest to untangle from their carbon emissions. Heavy industry has seen only a slight reduction in its greenhouse gas emissions since 2005.

Yardi Pulse

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Given the ambitious goals in its 2020 Climate Change Plan, Ontario Power Generation (OPG) has no option but to aim high as it moves toward construction of its new low-carbon, low-slung mass timber Clarington Corporate Campus breaking ground this year.

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Rapid changes in society are creating new real estate asset classes almost every week, from last-mile logistics and film studios to mini data centres and dark kitchens. The need to cut carbon emissions is adding a new sector to that list: battery storage.

IMAGE: Brad Pilgrim, CEO and co-founder of Parity Inc. (Courtesy Parity)

CEO and co-founder, Parity Inc.

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There are a few homes in near Ottawa that are net-zero. Net-zero homes produce as much energy (or more) as they consume. Some, like Bruce Fanjoy and his wife Donna Nicholson, own a “passive” house.

Social Purpose Real Estate Financing

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Electric vehicle and last-mile delivery company BrightDrop, a subsidiary of General Motors, kicked off 2022 with splashy new deals with Walmart and FedEx. Building up its zero-emissions fleet, mega-cap company Walmart inked an agreement for 5,000 BrightDrop electric home delivery vans.

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Conventional wisdom on electric pickup trucks is that they weren’t suitable for work duty. Heavy and expensive batteries would make it difficult to tow big payloads and the outsized cost of electric vehicles would be beyond what contractors would pay.

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Car brands collectively ran four times as many national television ads for EVs in 2021 as they did in either of the previous two years. General Motors, Ford Motor Co., and Volkswagen among others, spent an estimated $248 million on nearly 33,000 spots.

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Green Mountain Power (GMP), Vermont’s largest utility, plans to create new microgrids and community resilience zones as part of a plan to “radically transform” the grid that is outlined in the utility’s new integrated resource plan (IRP).

Energy Profiles

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With the support of numerous global brands, Eastman Chemical Company’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France that would recycle more than 176,000 tons annually of hard-to-recycle plastic waste that is currently being incinerated.

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California recently banned the use of PFAS in children’s products and disposable food packaging and set new disclosure requirements for the presence of these toxic “forever chemicals.”  Maine and the Biden administration have also introduced legislation to regulate PFAS.

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A group of restaurants known as the Bread and Butter Collective in Victoria B.C. has a program that utilizes reusable takeout containers to pack customers’ orders where the customers can purchase a reusable container for $8 to pack their food.

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Solving the ongoing packaging conundrum demands a significant shift in how businesses think — moving from a linear to a circular model of operation to improve the amount of packaging that can be reused, recycled and returned to the value chain.

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Insurance losses from a wildfire that wiped out most of Lytton, B.C., have surged to $102 million. The Insurance Bureau of Canada says the amount has risen from an original estimate of $78 million mostly because of delays in rebuilding the village.

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At Treehugger we are not alone in complaining about the silliness of “smart.” In Yale 360, Jim Robbins explains why the luster on once-vaunted smart cities is fading and looks at smart city proposals on the boards and in the dumpster.

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Cities account for over 70 per cent of global CO2 emissions, most of which come from industrial and motorized transport systems that use huge quantities of fossil fuels and rely on far-flung infrastructure constructed with carbon-intensive materials.

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The U.S. government will lease an area of the ocean larger than half the size of Rhode Island off the U.S. east coast for wind power development that could lead to enough energy production to power two million homes.

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