GHG emissions

reducing environmental impact

By their nature, buildings affect their environments – changing the landscape, defining new skylines, becoming a destination, impacting traffic patterns, and, of course, using energy and water and generating waste.
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According to the United Nations Environment Programme (UNEP), buildings consume 40% of global energy, making greenhouse gas (GHG) emissions the most material environmental impact of a real estate company. We track and analyze energy, water, and waste data to understand consumption patterns, identify conservation opportunities, strategically focus on capital improvements and innovation, and drive performance. We take a proactive approach to utility and resource management that establishes annual and long-term goals and objectives, tracks and reports key performance indicators and uses best management practices.

We report data on a 5 year rolling baseline to align with industry best practice. Here you will find Bentall Kennedy’s GHG emissions reported by:

 

  • Actual GHG Emissions: Scope 1 and 2 emissions reported in accordance with the GHG Protocol for areas under our operational control. Historical data has been adjusted to reflect any acquisitions, dispositions, and changes in emission factors in 2016 and new developments are added as completed. This does not account for variances in weather, occupancy, and exceptional loads (data centers). 
  • Normalized GHG Emissions: Scope 1 and 2 emissions adjusted for the impact of weather, occupancy, and exceptional tenant loads and includes newly developed buildings but does not include buildings that have been acquired or disposed of in the past 5 years.
  • Normalized GHG Intensity: GHG emissions calculated on a per square foot basis adjusted for the impact of weather, occupancy, and exceptional tenant loads and includes newly developed buildings but does not include buildings that have been acquired or disposed of in the past 5 years. This is a suitable metric for the real estate sector, allowing for comparability of GHG performance at the property and portfolio level

 actual GHG emissions

Actual greenhouse gas (GHG) emissions have decreased by 5.7% since 2012 when adjusted to reflect any acquisitions, dispositions, completed new developments, and in 2016 were 337,419tCO2e^. This decrease is a result of several initiatives Bentall Kennedy has rolled out in recent years, including the LEED Volume, Target Setting and BOMA Portfolio Programs. The GHG emissions breakdown for 2016 are as follows:

   Location-Based  Market-Based
 Scope 1 GHG Emissions  88,006 tCO2e  88,006 tCO2e
 Scope 2 GHG Emissions  249,413 tCO2e  226,364 tCO2e
Total Actual GHG Emissions   337,419 tCO2e  314, 370 tCO2e  

As per the GHG Protocol Scope 2 guidance, ‘location-based emissions’ reflect the emissions from the electricity that is generated locally, which may be different from ‘market-based emissions’ which reflect the electricity that the company has purchased through contracts such as renewable energy credits.

*Learn more about Bentall Kennedy’s GHG Methodology here.


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Collapseactual scope 1 & 2 ghg emissions (location-based)


[GRI 305-1, 305-2, 305-5]

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Our Scope 3 emissions across North America in 2016 totaled 84,056 tCO2e. Scope 3 emissions are related to the consumption of water and generation of waste, as well as emissions outside of Bentall Kennedy's operational control (e.g. tenant sub-metered electricity). [GRI 305-3]

​normalized GHG Emissions: location-based

As a manager, we monitor performance using normalized data, meaning we adjust our data for the impact of weather, occupancy, exceptional tenant loads and includes newly developed buildings but does not include buildings that have been acquired or disposed of in the past 5 years.  The graph below demonstrates a decrease in normalized gross location-based GHG emissions of 1.4% since 2015. Since 2012, normalized GHG emissions have decreased by 6.6%. These do not account for the purchase of renewable energy credits (market-based emissions) or carbon offsets.

​normalized GHG Emissions: market-based

To mitigate our carbon impact, GHG emissions are managed through the purchase of renewable energy credits (RECs) and Carbon Offsets. We continue to purchase RECs and Offsets to help reduce the increase in our emissions and support more sustainable sources of energy. Bentall Kennedy is proud to support the development of renewable power in both Canada and the United States. At the same time, we are aware that greater efforts to conserve energy and reduce GHG emissions are required. The combined benefits of reducing GHG emissions, environmental and social impacts from new generation required, and the cost savings associated with it, make energy efficiency and conservation a triple bottom line winner.

The Normalized GHG Emissions graph below shows the effect of the RECs (market-based Scope 2 emissions) and is net of Offsets purchased as well as the normalization of our data - demonstrating a decrease in normalized GHG emissions of 12.2% since 2012. This significant decrease can primarily be attributed to an increase in the purchase of RECs and Offsets. In 2016, a number of properties purchased Offsets to cover 100% of emissions, all of which are large buildings, therefore accounting for a large portion of our portfolio’s emissions. Additionally, properties also purchased a large quantity of RECs, further reducing market-based emissions across our portfolio.

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Collapsenormalized scope 1 & 2 ghg emissions: location-based (tCO2e)

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Collapsenormalized scope 1 & 2 ghg emissions net of offsets: market-based

GHG emissions intensity

Emissions intensity by asset type is calculated based on the total annual normalized gross location-based GHG emissions and the total square footage, based on gross leasable area (GLA). The graphs below show the intensity by asset type in Canada and in the U.S.

  • Canada: The most notable intensity improvements have occurred in the office and multi-family assets in Canada where GHG intensities dropped by 17.0% and 22.5%, respectively, since 2012. 
This is largely due to the combination of improved energy performance and implementation of a number of initiatives, such as Target Setting, LEED & BOMA BEST Portfolio Programs. 

  • U.S.: Office and multi-family properties decreased their GHG intensity by 8.2% and 5.7%, respectively.
This intensity improvement in office properties can be attributed the launch of the Target Setting Program to U.S. office properties in 2016, whereby energy audits were conducted and specific energy reduction targets were set in a systematic manner.
[GRI 305-4]

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CollapseCanada: normalized ghg intensity by asset type (tCO2e/1000sqft/yr)

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CollapseU.S.: normalized ghg intensity by asset type (tCO2e/1000 sqft/yr)

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Expandabout the data

 

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Expandtotal area change (sqft)

Quick Facts

$22.9 million | total utility costs avoided across North America since 2012.

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