Cadillac Fairview properties across Canada achieve BOMA BESt green building certification
Toronto, ON, November 27, 2008 - The Cadillac Fairview Corporation Limited is proud to announce that all of its major office towers and retail shopping centres across Canada have achieved the Building Owners and Managers Association’s (BOMA) BESt green building certification. BOMA BESt is the newest evolution of BOMA Canada’s Go Green and Go Green Plus programs, harmonizing them into one comprehensive environmental certification.
“At Cadillac Fairview we strive to be leaders in our industry, from architectural design and property management to our ongoing commitment in the area of corporate social responsibility. By partnering with our tenants we are building sustainability together and demonstrating leadership in environmentally-conscious building standards and practices,” said Peter Sharpe, President and Chief Executive Officer. “We believe that by adopting green practices and products, it’s not only the right thing to do, it is the smart thing to do as well. We have already realized significant reductions in energy costs that directly benefit our tenants, reduce the burden on local power grids and positively impact the company’s financial performance as well.”
“This is a very impressive accomplishment,” said Diana Osler-Zortea, President of BOMA Canada. “By investing the time and resources that they have to achieve BOMA BESt at 51 large office towers and shopping centres across the country, it really demonstrates their leadership in the commercial real estate industry. I hope that this will be a catalyst for many more companies to get involved in the program, it really makes business sense.”
Karen Jalon, National Director of Sustainable Operations at Cadillac Fairview reinforces the notion that going green is a continuous process. “Sustainability is not a destination, it is an ongoing journey and through our company’s comprehensive GREEN AT WORK strategy all of our employees are focused on making a difference and identifying opportunities to reduce our carbon footprint.”
Cadillac Fairview has launched a detailed, measurable green strategy referred to as GREEN AT WORK, which supports their overall sustainability goals. The GREEN AT WORK program focuses on five pillars of excellence; Energy, Waste Management, Environmental Protection, Sustainable Procurement and Communication.
In order for a building to achieve BOMA BESt certification, they must meet specific requirements related to energy and water management; emissions and effluents, waste reduction; the indoor environment; and environmental management systems. The building must then undergo a third-party assessment to ensure all requirements are met.
“Achieving BOMA BESt certification across our entire portfolio of retail and office properties is a major accomplishment. This could not have been achieved without the dedication of our operations teams across the country who worked so hard to make this happen,” said Deane Collinson, Executive Vice President of Property Operations at Cadillac Fairview. “Despite the challenge of having such a large number of diverse office and retail properties, all of our teams used the BOMA Certification process to examine every aspect of our building operation systems and implement best practices that are now being shared across the country.”
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management.
Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres in Canada and the United States with equity investments in real estate companies and international investment funds. Cadillac Fairview and its affiliates own and manage 83 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre. Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 278,000 active and retired teachers in Ontario.
The Building Owners and Managers Association (BOMA) of Canada is the voice of the Canadian commercial real estate industry with over 2,500 members in regional associations across Canada. On behalf of the building owners, managers, developers, facilities managers, asset managers, leasing agents, brokers, and the product and service providers to over 1.9 billion square feet of commercial real estate in Canada, BOMA Canada addresses issues of national concern, and promotes excellence in the industry through information, education advocacy and recognition