Triovest Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:77,495 tCO2e
Scope 1 Emissions:22,486 tCO2e
Scope 2 Emissions:29,299 tCO2e
Scope 3 Emissions:25,710 tCO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:469,249 MWh
Water Consumption:1,150,167 m³
Waste Generated:4,587 tons
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Sustainable Governance
Environmental Achievements
- Achieved a 34% reduction in energy use intensity across the portfolio from 2019 Baseline.
- Achieved a 16% reduction in water use intensity across the portfolio from 2019 Baseline.
- Achieved a 63% reduction in GHG intensity of the portfolio from 2019 Baseline.
- 100% of the portfolio obtained building certifications.
Social Achievements
- Outperformed peers in the tenants and community area, achieving a full GRESB score.
- Zero injuries and fatalities in 2022.
- 96% of employees completed Safety Academy Training.
- Donated $70,753 to various charities.
Governance Achievements
- Named 2023 GRESB Real Estate Assessment Sector Leader for Development Benchmark with a score of 92.
- Established Triovest’s GHG Emissions Management Policy.
- Established Triovest’s Resilience Policy.
- Activated Triovest Sustainability Solutions (TSS) platform to integrate ESG practices.
Climate Goals & Targets
Long-term Goals:
- Net-Zero Emissions by 2050 (Across entire Triovest portfolio and aligned with the SBTi standard)
Medium-term Goals:
- 50% Reduction in GHG Emissions by 2030 (Triovest office portfolio, relative to 2019 baseline)
- 20% Reduction in Energy Consumption by 2030
- 10% Renewable Energy Use by 2030
- 10% Reduction in Water Consumption by 2030
- 70% Waste Diversion From Landfill by 2030
Short-term Goals:
- 100% Building Certifications across entire Triovest Portfolio by 2025
- 100% Data Coverage across entire Triovest Portfolio by 2025
Environmental Challenges
- Increase in occupancy and zero-carbon mandates.
- Navigating geopolitical instability.
- Data gaps in energy, emission, water, and waste for industrial and retail portfolios.
Mitigation Strategies
- Expanded the TSS team and evolved the sustainability framework.
- Established Green Lease framework and implemented energy efficiency training programs.
- Improved data coverage in energy, emission, and waste.
- Implemented 326 energy efficiency, 175 water efficiency, and 531 waste management measures.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Considers environmental, social, and economic life-cycle factors
- Purchase Order Terms & Conditions include Employee Code of Conduct requirements
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters
- Severe weather events
- Floods
- Rising sea levels
Transition Risks
- Stricter emissions standards
- Market shifts towards sustainable building practices
- Shifting investor and tenant preferences
Opportunities
- Improved resource efficiency and resiliency
- Reduced operational costs
- Access to public sector incentives and grants
- Increased market valuation through resilience planning
- Green building and retrofitting
Reporting Standards
Frameworks Used: GRI, TCFD, UN SDGs
Certifications: Null
Third-party Assurance: Reesan Sustainability Consulting Inc. (limited verification)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- GRESB Sector Leader (2023)
- BOMA 2022 Pinnacle Award for Customer Service
- 2022 Green Lease Leader