Hazelview Investments Sets New Standards in Sustainable Real Estate
Leading in Sustainable Real Estate
Hazelview Investments Inc. is making significant strides in the realm of sustainability. With an impressive score of 83 in the Global Real Estate Sustainability Benchmark (GRESB), Hazelview stands out in the Canadian multi-family real estate sector, securing first place among its peers for the second year running. This achievement reflects the company's unwavering dedication to enhancing its environmental, social, and governance (ESG) performance across its portfolio.
Commitment to Green Initiatives
The recognition from GRESB further solidifies Hazelview's status as a leader in sustainable investment practices. By maintaining GRESB Green Star status in both Development and Standing Investments categories, the firm showcases its commitment to excellence in real estate sustainability. This recognition is not just a trophy but a testament to the hard work and strategic initiatives actively being carried out.
Detailed Performance Metrics
Hazelview’s success can be attributed to its robust ESG strategy, which includes comprehensive policies and transparent reporting. Their active engagement with both the community and tenants, coupled with extensive data coverage and green building certifications throughout the portfolio, underpins this success.
Innovative Investments in Sustainability
In a dynamic move for 2024, Hazelview has achieved its objective of ensuring 100% green building certification across its Canadian multi-family properties. This was made possible through substantial investments totaling $5.4 million in capital projects aimed at resource efficiency. Noteworthy projects involved building automation systems, high-efficiency boiler retrofits, LED lighting upgrades, and enhanced water management strategies.
Impact on Environmental Performance
These green initiatives have yielded meaningful results, including a 1.4% reduction in energy intensity and a notable 5.9% decrease in total greenhouse gas emissions. By executing 67 waste audits, Hazelview has gathered critical data to refine its sustainability strategies further. These efforts not only enhance the firm’s operational efficiency but also support a 24% operational waste diversion rate, affirming their commitment to environmental resilience.
Technological Innovations from Hazelview Ventures
Innovation plays a vital role in the evolution of Hazelview's sustainability initiatives. Hazelview Ventures is at the forefront, piloting advanced technologies aimed at improving building performance and reducing ecological footprints. For instance, collaborations with platforms like Lamarr.AI leverage drone technology to identify inefficiencies, ultimately leading to targeted improvements in energy performance.
Future Goals and Continuous Improvement
Colleen Krempulec, Managing Director and Head of Sustainability at Hazelview, emphasized the company's commitment to creating a sustainable, resilient real estate business. Achieving top-tier recognition has motivated Hazelview to continue implementing best practices and leveraging insights from platforms like GRESB, enhancing value for residents and communities.
Understanding Hazelview's Vision
With over 25 years in the real estate sector and more than $11 billion in assets under management, Hazelview Investments is focused on delivering solid, risk-adjusted returns. The firm’s strategic approach extends across private and public markets, providing a diverse array of investment solutions to institutions and advisors alike.
The Future of Sustainable Living
Hazelview manages over 20,000 rental suites globally, fostering high-quality, sustainable communities. Its forward-thinking ethos prioritizes resident well-being and environmental stewardship, ensuring that the communities they build remain vibrant and resilient. Hazelview is not just an investment firm; it is a catalyst for progressive change in the real estate landscape.
Frequently Asked Questions
What does Hazelview Investments focus on?
Hazelview focuses on sustainable real estate investment, development, and property management.
What achievements did Hazelview accomplish in GRESB?
Hazelview achieved a score of 83 and secured the top position in the Canadian multi-family peer group.
How does Hazelview contribute to sustainability?
Hazelview invests in green building certifications and initiatives that enhance resource efficiency and community engagement.
What technologies is Hazelview exploring?
Hazelview is piloting technologies such as AI-driven platforms to optimize building energy performance.
What is Hazelview's long-term vision?
Hazelview aims to create a sustainable and equitable real estate business that prioritizes both environmental performance and community welfare.
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