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Recent Articles

Tenants drive demand for Fitwel certifications

3 years ago

BIZ   • 

Increased interest in health and wellness due to the pandemic has led corporate owners and tenants to drive demand for Fitwel’s healthy building certification system and Viral Response Module.

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QuadReal Property Group‘s entire Canadian office portfolio, which totals 19.3 million square feet, has achieved Fitwel approval under the Viral Response Module. This approval follows QuadReal becoming one of the first companies to achieve VRM certification at the entity level.

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CBRE Group, Inc. announced its commitment to achieve net-zero carbon emissions by 2040. This commitment encompasses carbon emissions from CBRE’s own operations and the properties it manages for investors and occupiers, as well as indirect supply chain emissions.

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Next Hydrogen Solutions Inc., a designer and manufacturer of hydrogen electrolyzers, announced the opening of a new assembly facility in Mississauga, Ontario. The 27,000 square foot facility will provide capacity for product assembly, testing, product development and engineering and leadership functions.

Energy Profiles

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New York authorities have selected the Champlain Hudson Power Express (CHPE) project to deliver clean hydropower to New York City. The 1,250-megawatt influx of clean power, enough to supply over 1 million homes, will displace fossil generation in the NYC region.

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ATCO has acquired the Empress Solar Project, a 39 MW photovoltaic solar facility under development in Alberta, marking another step in ATCO’s commitment to the decarbonization of the electricity grid while enabling customers to reduce the carbon intensity of their energy.

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Ontario Teachers’ Pension Plan Board (Ontario Teachers’) announced 2025 and 2030 interim targets to reduce greenhouse gas emissions as part of its journey to achieve net-zero on its investment activities by 2050. The Board also aims to help build the net-zero economy.

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Mark Carney, the former Bank of England governor who now heads impact investing at Brookfield Asset Management Inc., expects listed companies to embrace net-zero carbon emissions plans in the next three years.

Sustainable Biz Canada

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Canada Life Investment Management launched its Canada Life Sustainable Portfolios — three mutual fund portfolio solutions that make it easier for Canadians to invest responsibly. The portfolios give investors access to investments diversified across asset classes, regions and responsible investing strategies.

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There is no one way to define sustainable investing, but fund providers are presenting numbers to back up their claims. The trend toward increased disclosure comes as sustainable investing sees growth and investor scrutiny concerning funds’ environmental credentials.

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Amazon has announced that more than 200 companies have now signed The Climate Pledge, indicating their intention to adopt carbon-reduction policies. Eighty-six new signatories of the pledge include Procter & Gamble, HP, Salesforce, ASOS and Nespresso.

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The vast majority of companies in the world’s major economies are failing to make climate pledges that can be measured against meaningful yardsticks, according to the Science Based Targets initiative.

Property Vista

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Chris Campmans was “blindsided” to learn that a well site on his land near Picture Butte, Alberta, could be transferred from one insolvent Calgary oil and gas company to another. The farmer thought the well had been cleaned and remediated.

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The Canadian oilpatch expects a freshly re-elected federal government will move ahead with new emissions targets in a matter of months as Ottawa prepares for a major climate-change conference in November.

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As the dust settles on Canada’s federal election, it is evident that climate change was a priority for many voters. A summer of devastating heat waves and forest fires brought an element of urgency to the debate surrounding this issue.

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From James Gustave Speth’s time in Jimmy Carter’s White House — where he issued reports on the dangers of global warming — through his five-decade career as an environmental leader, Speth has consistently sought to spur action on climate change.

Canada Green Building Council

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Changes to the main U.S. flood insurance program will raise rates for 77 per cent of policyholders, according to a new study, although property owners in some poorer neighborhoods will see premiums decrease.

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There is a nationwide shortage of affordable homes, especially for low-income families. Providing safe, affordable housing is HUD’s mission. But an NPR investigation found the homes HUD sells are disproportionately located in flood-prone places.

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The U.S. Green Building Council awarded certifications for 238 office projects across almost 46 million square feet throughout the country in the first half of 2021. The most important projects to receive a LEED Gold or Platinum certification are highlighted below.

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As humanity grapples with the climate crisis, increasing urban density is being seen as the greener way to live. But according to new research, the most effective way to build a sustainable city is not high-rise, but high-density, low-rise housing.

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