Environment Hero

Environmental Stewardship

Priorities

Env - Greenhouse Gas Emissions

Greenhouse gas emissions

We strive to balance planned growth and the expectations of our investors with greater energy efficiency and reduced GHG emissions from new and existing buildings.

Env - Waste

Waste

We endeavour to minimize waste across our operations, provide waste-reduction solutions, and reduce, reuse and recycle to minimize resource extraction and GHG emissions.

Env - Materials

Materials

We take environmental considerations into account when developing specifications for products and services, including reducing the use of persistent toxic chemicals in the materials we procure.

Env Biodiversity

Biodiversity

We aim to minimize our environmental impact and, where possible, restore the ecological integrity and diversity of the urban ecosystems where we build, own and operate properties.

Env - Water

Water

We thoughtfully use and monitor water consumption. We also strive to eliminate stormwater contaminants in receiving bodies of water while contributing to a healthy hydrological cycle.

Env - Transportation

Transportation

We prioritize transit-oriented development opportunities and design and manage our communities to provide residents, tenants and employees with options for low-carbon transportation and healthier commuting.

Highlights

11.47%

11.47% GHG emissions reduction compared to our baseline year (2018)

75%

At least 75% of all construction and demolition waste diverted from landfill

1.9%

Water consumption decreased by 1.9% compared to 2021

70%

70% of properties have an on-site waste compactor

2,443,200 kWh

Purchased 2,443,200 kWh worth of Renewable Energy Credits in Alberta

We identify projects that reduce our GHG emissions by reviewing how the buildings and systems are operating, and where they are in their life cycle. We then update our systems with equipment that is decarbonized. Our goal is to evaluate the success of these projects and the savings that we achieve, so we can better identify future projects. Kerri Jackson, Senior Vice President, Property Management

Environmental Initiatives

Env_CaseStudy_Testing_a_Theory

The Importance of Testing a Theory

To manage our GHG emissions, we first need to measure current assets and analyze potential new opportunities. We conducted energy audits across most of our commercial and residential portfolio, and in 2022, we installed new boilers at select residential sites to test how they perform in different regions of the country.

Env_CaseStudy_600Drake

Electrification of 600 Drake

In 2019, we launched a heat pump retrofit project at our 600 Drake building in Vancouver to save energy, reduce GHG emissions, provide improved comfort for our rental residents and address issues around air filtration.

Env_CaseStudy_AI_Head_Office

AI Ecopilot at Head Offices

At our corporate offices in Vancouver and Toronto, we launched a pilot project using artificial intelligence (AI) to automate processes controlling various building operations, including lights and heating, ventilation and air conditioning (HVAC). These form what is called the Building Management System, or BMS. The goal is to maximize the comfort of our tenants (and employees) while minimizing energy consumption.

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Environmental Sustainability

Buildings account for more than one third of global greenhouse gas emissions. In Vancouver and Toronto alone, they contribute to over 50% of each city’s current total emissions. 

Our Environmental Sustainability framework is designed to reduce carbon emissions and other environmental impacts across our communities—such as water consumption and material waste.
 

Tapestry at Wesbrook Village Seniors Environmental Sustainability

Sustainability Goals & Targets

Voda - Sustainability

Reduce Emissions

We are committed to cutting our corporate greenhouse gas emissions by 80% by 2050.

Environmental Sustainability Seal Level Rise Mitigation

Audit Climate Change Risk

By regularly assessing our communities, we reduce our tenants’ and purchasers’ risk of harm associated with climate change and natural disasters.

Environmental Sustainability Cycling Friendly

Best-in-Class Cycling Facilities

To inspire climate action in our communities, we aim to provide best-in-class end-of-trip cycling facilities across our developments.