Hazelview Achieves GRESB Green Star Status
Hazelview Investments is celebrating its recent success in the 2024 Global Real Estate Sustainability Benchmark (GRESB). This recognition speaks volumes about the company's dedication to sustainable real estate practices.
Outstanding Performance and Recognition
With an impressive overall score of 80, Hazelview has notably ranked first among its peers in the Canadian multi-family standing investments category. Not only did they secure this top position, but they also earned GRESB green star status for both their development and standing investments benchmarks. This achievement highlights their strong commitment to improving sustainability across their properties.
Key Factors Driving Hazelview's Success
The remarkable GRESB score reflects Hazelview’s superior performance across several critical areas. These include leadership initiatives, policy implementation, thorough reporting practices, community involvement, tenant engagement, and substantial data coverage. Additionally, their commitment to green building certification has set a new standard in their investment strategy.
Goals Achieved in Sustainability
In 2023, Hazelview ambitiously aimed for—and achieved—100% green building certification for their Canadian multi-family portfolio. This accomplishment required significant investments in data, technology, and training for their employees, showcasing their proactive approach to environmental responsibility.
Investment in Sustainability Initiatives
The company committed $7 million towards energy and water upgrades, which also included an expanded program for waste diversion. Thanks to these efforts, Hazelview saw a 16% increase in waste diversion rates, an 8.1% reduction in energy use, a 3.4% decrease in water consumption, and a 6.3% decline in greenhouse gas emissions. This demonstrates their serious dedication to make a positive environmental impact.
Leadership Insights on Future Directions
Colleen Krempulec, Managing Director and Head of Sustainability at Hazelview, expressed pride in their GRESB recognition. She emphasized their commitment to sustainability, resilience, and equity in real estate, affirming that they intend to continue leveraging GRESB insights to promote best practices across their portfolios. Their vision involves not just maintaining this momentum, but also enhancing the value created for both people and places.
Understanding Hazelview Investments
Hazelview is a leading owner, developer, and manager of global real estate investments. The company's focus is on creating lasting value for both people and communities. With a hands-on approach, Hazelview actively seeks investment opportunities worldwide, committed to the growth of its employees, residents, and clients' investments.
Hazelview Properties, the property management arm, boasts over 20 years of experience, managing properties in multiple provinces and cities across Canada. They oversee roughly 23,000 multi-family housing units, showcasing their extensive portfolio and market presence. For additional information about their initiatives and properties, please visit www.hazelview.com / www.hazelviewproperties.com.
Frequently Asked Questions
What is GRESB?
GRESB is a benchmark for assessing the sustainability performance of real assets globally, promoting transparency and best practices in sustainable investing.
How did Hazelview perform in the 2024 GRESB assessment?
Hazelview scored an impressive 80 and ranked first in the Canadian multi-family standing investments category.
What sustainability initiatives has Hazelview implemented?
Hazelview has invested significantly in green building certifications, energy, and water upgrades, along with waste diversion programs to enhance sustainability.
Who leads Hazelview's sustainability efforts?
Colleen Krempulec serves as the Managing Director and Head of Sustainability, guiding Hazelview's sustainability initiatives and practices.
How many properties does Hazelview manage?
Hazelview manages approximately 23,000 multi-family units across various provinces and cities in Canada, showcasing their extensive operations.
