Crown is pleased to mark the one-year anniversary of our partnership with the City of Toronto through our participation in the Green Will Initiative (GWI). As part of the GWI, Crown is aligning over 4M square feet of office properties (our entire Toronto portfolio) on a pathway towards Net Zero.
Existing buildings contribute to more than half of Toronto’s greenhouse gas emissions. Crown sees this as an important opportunity to not only mitigate the risk of Climate Change but also ensure the long-term resilience of our properties by decarbonizing them. As an owner and operator of commercial real estate, Crown is committed to contributing towards creating a healthier, more prosperous, and resilient Toronto, while also securing the resiliency of their investments.
“We believe that retrofitting existing buildings is an essential tool in our value-add toolbox. This will not only increase the value of our investors’ investments but also help in building resilience and future-proofing our portfolio,” says Emily Hanna, Managing Partner, Investments. “We believe this approach is crucial for achieving sustainability goals and transitioning to a low-carbon world.”
Over the course of the past year, our team has continued to enrich our ESG platform, expanding our learnings and training with specialists in the field of decarbonization. In addition to the GWI, Crown has earned recognition in York Region’s Climate Wise Building Challenge and we have also recently committed to the Better Buildings Ottawa program.