We’ve surpassed our 2023 goal of reducing energy, water use, and carbon emissions by 15% relative to a 2018 baseline for our Core Fund assets. Now, we're aiming even higher with new 2030 targets – we plan to reduce energy and water usage, waste, and emissions by 30%, set against a 2019 baseline. These efforts will improve building efficiency and tenant experience, while enhancing asset value.
In our dedication to identify value-add opportunities for our investors, ensure the resilience of our assets and promote industry best practices, we have continued our partnership with government and industry stakeholders through Net Zero initiatives in the City of Toronto (Green Will Initiative) and Ottawa (Better Buildings Ottawa).
Looking ahead, we plan to complete decarbonization planning for an additional 1.8 million sq. ft. by the end of 2024. These decarbonization plans aim to identify 60-80% emission reductions, building upon our experience from previously completed studies.
For a deeper dive into our decarbonization and sustainability efforts, and learn how Crown is adding value for our investors, tenants and stakeholders, read the full ESG report here.
Learn more about why Crown was named one of Canada’s Greenest Employers in 2024 here.
