From the Wires
Toronto Office Sector On Track to Meet 10% Energy Reduction Goal
By: PR Newswire
Nov. 29, 2012 10:34 AM
2ND ANNUAL AWARDS RECOGNIZE LEADERS IN ENERGY REDUCTION, LANDLORD-TENANT COLLABORATION AS PART OF CIVICACTION 10TH ANNIVERSARY
TORONTO, Nov. 29, 2012 /CNW/ - Outstanding energy reduction efforts and achievements by the Toronto region's commercial real estate sector were announced at CivicAction's second annual Race to Reduce Awards event last night. Winners' energy reduction efforts contributed to a collective 2.0%* per cent energy reduction by participants in the first year of the four-year Race to Reduce smart energy office challenge.
The 2012 Race to Reduce awards took place as part of the Toronto Real Estate Forum. The event is one of several during the week-long celebration of CivicAction's ten years of driving conversation and creating collaborative solutions that shape our communities, strengthen our environment, and bolster our economy.
Other award highlights include:
Launched in May 2011, CivicAction's Race to Reduce challenges Toronto region landlords and tenants in office buildings of all types, sizes and ages to publicly commit to work together to reduce energy use in their buildings and to reduce the total energy use in participating office buildings by at least 10 per cent over four years. The aim is to improve air quality in the Toronto region and achieve sustained carbon emission reductions in the office building sector, which now contributes close to 20% of the region's carbon emissions, according to the Living City Report Card. With over 600 landlords and tenants now participating in the Race to Reduce, 61 were recognized and celebrated at the annual awards that attracted leaders from the region's commercial real estate community. These participants occupy over 63.3 million square feet of office space - about 31 per cent of the total office space across the Toronto region.
"Last night put a spotlight on some of the incredible efforts and results that our participants are making in their quest to reduce energy and change the way they operate and behave in their buildings," said Brad Henderson, Senior Managing Director at CBRE Limited and voluntary Co-Chair of the Commercial Building Energy Leadership Council.
Steve Smith, real estate executive and fellow Co-Chair of the Commercial Building Energy Leadership Council and member of CivicAction's Greening Greater Toronto Task Force, adds, "With a 2.0 per cent reduction in the first year of the Race we're on track to achieving the 2014 target. The potential is immense - a collective 10 per cent reduction over four years equals 37,000 tonnes of carbon emissions saved, or nearly 27,000 cars off the road. Participants will enjoy a collective savings of over $25.6 million in energy costs over four years, and $12.8 million annually in perpetuity."
*Based on 2010-2011 Total Site Energy Use (kBtu)
For more information about the Race to Reduce and a full list of award winners, see below and visit www.racetoreduce.ca.
2012 Race to Reduce Award Winners
Building Performance - Lowest Energy Use
Over 300,000 ft2:
These winners achieved impressive results. An Energy Star performance rating of 92 indicates that the building is among the top 8% of similar buildings across North America, while a rating of 93 indicates that the building is among the top 7% of similar buildings across North America.
Building Performance - Greatest Energy Reduction (2010 - 2011)
Under 300,000 ft2:
Over 300,000 ft2:
Action & Innovation
Landlord: Rogers Communications (Brampton Campus at 8200 Dixie Road)
Tenant: TD Bank Group
A full list of award recipients can be found at www.racetoreduce.ca.
This project is funded in part through the Conservation Fund of the Ontario Power Authority. CivicAction would like to acknowledge the support of 2012 Race to Reduce Awards Gold Sponsors CBRE Limited and BOMA Toronto.
CivicAction is also grateful for the support provided to the Race to Reduce by program sponsors BLJC, Cushman & Wakefield, Enbridge Gas Distribution, Green Business Standards, Toronto Hydro, and Union Gas, and media and communication partners Canadian Property Management, Building Strategies and Sustainability, and NATIONAL Public Relations.
About Greening Greater Toronto
Image with caption: "The 2012 Race to Reduce awards recognized over 60 winners in three categories: Landlord-tenant engagement, Action & Innovation, and Building energy performance. Winners' energy reduction efforts contributed to a collective 2.0% energy reduction by participants in the first year of the four-year Race to Reduce smart energy office challenge. (CNW Group/CivicAction)". Image available at: http://photos.newswire.ca/images/download/20121129_C4720_PHOTO_EN_21356.jpg
Latest AJAXWorld RIA Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week