Climate Change Data

Bentall Kennedy

Climate Impact & Sustainability Data (2018)

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Energy Efficiency
  • Waste Management
  • Water Conservation
  • Tenant Well-being
  • Community Investment
  • Sustainable Investing

Environmental Achievements

  • Achieved carbon neutrality for all corporate offices' energy use
  • 11.8% reduction in normalized GHG emissions intensity across Canadian portfolio (2014-2018)
  • 121.6M kWh reduction in normalized GHG emissions intensity across U.S. portfolio (2014-2018)
  • 8.6% reduction in normalized energy use intensity across portfolio (2014-2018)
  • 20% reduction in normalized water consumption across U.S. office portfolio (2014-2018)
  • 10.5% cost reduction across Canadian portfolio through waste management (compared to 2017)
  • First ever zero carbon certification in Canada for an existing office building (100 Murray Street, Ottawa)

Social Achievements

  • 82% of properties participate in ForeverGreen tenant engagement program
  • 96% of office portfolio includes health and well-being amenities
  • USD $385,104 / CAD $525,167 in total corporate donations in 2018
  • Launched Tenure in Trees program, planting one tree per year of employee tenure

Governance Achievements

  • Ranked 1st in Canada and 2nd globally on the 2018 Global Real Estate Sustainability Benchmark (GRESB)
  • A+ rating from UN PRI
  • Co-Chair of the UNEP FI Property Working Group
  • Actively managing climate risk using TCFD recommendations

Climate Goals & Targets

Environmental Challenges

  • Climate risks impacting asset value
  • Need to improve sustainability performance across portfolio
Mitigation Strategies
  • Comprehensive review of assets to determine climate resilience
  • Climate risk mitigation strategies influencing transactions, asset management, and operations
  • Value-at-risk analysis informing portfolio and asset-level planning
  • Sustainability Innovation Lab to pilot large-scale projects and develop continuous improvement projects

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Severe weather events

Reporting Standards

Frameworks Used: GRESB, UN PRI, TCFD

Certifications: LEED, ENERGY STAR, BOMA BEST, IREM

Awards & Recognition

  • ENERGY STAR Partner of the Year
  • 2018 GLOBE Climate Leadership Award