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Concert Properties puts focus on ESG at North Harbour

3 years ago

To alleviate loneliness within a city known more for its beauty than its neighbourliness, the City of Vancouver launched a Hey Neighbour social pilot project three years ago for apartment residents. It was introduced at Concert Properties’ The Remington.

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Dream Office is Canada’s largest commercial portfolio to earn the WELL Health-Safety Rating for 25 buildings across the country. Its office spaces across Toronto, Mississauga, and Calgary have implemented a wide range of solutions, including improving ESG performance.

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Roughly 10 per cent of Canadian homes are at high risk of flooding, according to an estimate by the Insurance Bureau of Canada. A $1-billion lawsuit in Ontario’s largest town, Oakville, portends what might happen as more citizens become aware.

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Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel, and other metals required for the shift to a low-carbon world, according to consultancy Wood Mackenzie.

Yardi Pulse

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At a research site in rural Alberta, carbon dioxide is injected deep into the ground. Using remote sensors, scientists monitor its movement to ensure the planet-heating gas does not migrate upwards.

Skyline Group of Companies

Sponsored by

COVID-19 has caused abrupt and immense changes in corporate direction and operations across Canadian workplaces. However, it has not succeeded in diminishing the call for companies to accelerate their corporate sustainability or ESG (environmental, social, governance) responsibilities.

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The five questions below represent a sampling of issues surrounding what net zero means—and doesn’t. These questions and others will be central to the free upcoming VERGE Net Zero conference in August.

Energy Profiles

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Back in the day, only the most committed hunted down ethical investments. Today sustainable investment funds are going gangbusters, hitting a global record of US$1.65 trillion by the end of 2020.

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Walmart Canada is sourcing beef from certified sustainable farms according to standards set by the Canadian Roundtable for Sustainable Beef (CRSB). Additionally, Walmart has been granted permission to include a sustainability certification label on its Your Fresh Market beef patties.

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Five Joe Fresh locations in Ontario and British Columbia have been piloting wooden hangers while phasing out plastic ones. As part of Loblaw’s plastics strategy, Joe Fresh is committed to phasing out plastic hangers in all stores by 2023.

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While the terminology soup of recycled plastic sourcing is daunting, every ton of plastic recycled and put back into a circular economy is part of the solution. The key is for brands to be clear and honest with customers.

Procore

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PUC Distribution announced that the Ontario Energy Board (OEB) has approved its application to build the $34 million Sault Smart Grid Project. This project is the first of its kind in Canada.

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Achieving a 40 per cent reduction in the country’s greenhouse gas emissions by 2030 and net-zero emissions by 2050 will take more than just research. The University of Regina officially launched the Canadian Energy Transition Hub (CETH) on April 15.

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Renewable sources of electricity grew at their fastest rate in two decades in 2020 and are set to expand even more rapidly over the next two years, with high-capacity renewables likely to account for about 90 per cent of global power capacity.

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Swiss-based Leclanché SA will provide its battery technology to Canadian Pacific for its Hydrogen Locomotive Program. The CP hydrogen-powered locomotive pioneering project will retrofit a line-haul diesel freight locomotive with hydrogen fuel cells and lithium-ion batteries.

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HSBC today announced the introduction of Green Deposits in the United States, giving businesses an option to put cash reserves toward supporting decarbonization. The funds that clients place in Green Deposits are used to finance environmentally beneficial projects.

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An overwhelming percentage of General Electric (GE) shareholders have—with the backing of the company’s board—voted to approve a proposal seeking a report on its efforts to achieve net-zero greenhouse gas (GHG) emissions, according to the resolution’s proponent.

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Manulife announced a net-zero emissions commitment to support climate goals worldwide, recognizing the important role 37,000 employees, 118,000 agents, and over a trillion dollars in assets under management and administration can play in global climate solutions.

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The European Union is aiming to step up its efforts to cut pollution from sectors like industry and agriculture as part of its biggest economic overhaul to date. The overarching goal is to eliminate all harmful contamination by 2050.

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