QuadReal is proud to have achieved the top ranking for a diversified portfolio in Canada in the Global Real Estate Sustainability Benchmark (GRESB) results in 2019. The company’s portfolio was 2nd in North America in this category and in the top 5 globally. This accomplishment demonstrates our commitment to environmental, social and governance practices. To learn more about the GRESB results, please see our news release.


Energy disclosure is important because it allows us to track our performance and identify opportunities for improvement. This page includes the performance metrics of all our Canadian buildings and four case studies that illustrate how we use analytics to keep learning and pushing further.

We believe in a transparent marketplace. You will find our energy, water and carbon emissions data (shown as GHG intensity) for office and residential properties on the map below (also available on the leasing pages). This is a way of tracking a building’s carbon emissions over time. We encourage the industry to share benchmarked data and make a commitment to transparency, sustainability leadership and combating climate change.

This is our 5-step guide to energy disclosure.

Houses Contracts Wind energy Houses on computer House diagram


In Canada, buildings consume 22% of total energy and generate 17% of the country’s emissions.


This is a way of tracking a building’s energy use and carbon emissions over time, comparing performance relative to similar buildings.


Tracking energy use helps building owners improve efficiency and reduce emissions.


QuadReal has taken the step to be transparent about benchmarked data for our office and residential portfolio in Canada.


QuadReal encourages the industry to share benchmarked data and make a commitment to transparency, sustainability leadership and combating climate change.


We participate in the Global Real Estate Sustainability Benchmark (GRESB). This is an international assessment that allows us to compare and continuously improve our performance relative to our past performance and to our peers. Over 95% of our Canadian portfolio has a green certification and our property teams set annual energy reduction targets. This process has helped us stay on track to achieve our 2020 goal of reducing absolute carbon emissions by 50% compared to the 2007 baseline year.

Explore the interactive map to learn more about our buildings and their performance.

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We believe it is important for us to provide a complete and transparent picture of QuadReal’s performance. Tools like our Environmental Management System (EMS) are utilized to guide portfolio-wide operational improvements. The design, management and maintenance of the EMS undergo continual improvement to ensure we reach our goals. We are certified in accordance with ISO 14001. View our 2019-2022 certificate here.

Please see our 2019 performance update which uses all the real estate management metrics of Sustainability Accounting Standards Board (SASB) to enable easy comparison to other firms. QuadReal has chosen to voluntarily disclose our Canadian portfolio emissions data in accordance with the GHG Protocol and in addition to SASB metrics. See our GHG emissions methodology here.

These charts on carbon emissions, energy intensity, waste diversion and water normalization demonstrate the analysis we undertake, and the actionable insights generated. The rich data and critical analysis help us avoid incorrect assumptions and inaction. Our curiosity continues to drive innovation that supports sustainability.


We wanted to know how to drive an 80% absolute carbon emission reduction in our growing portfolio.

QuadReal GHG Emissions - 2017 vs. 2007 Absolute Emissions (tCO2e)Cumulative Emissions (tCO2e)Percent Differenceaxis tooltip
2007 Total259630.19259630.190Total greenhouse gas emissions of QuadReal’s portfolio in 2007, including emissions resulting from energy, water and waste consumption at the properties we manage.
Grid Intensity-49985.57209644.62-0.19The Grid Intensity describes how much GHG emissions are associated with the electrical grid in a province. It changes in-line with the mix of energy generation in that province in a given year, with coal generation being highly carbon intensive versus hydro, nuclear, wind and solar being low carbon sources of electricity generation.
Developments31935.66241580.280.12GHG emissions that are added to the portfolio through new property developments.
Normalization-7777.64233802.64-0.03In order to compare buildings across regions and across years, the energy and emissions have been normalized for weather, occupancy and exceptional tenant loads. By removing these variables we get a clearer sense of the energy performance of buildings that we can affect through operations and capital improvements.
RECs & Offsets-40265.4193537.24-0.16In line with the accounting principles of LEED and the GHG Protocol, some of our properties purchase Renewable Energy Credits (RECs) and Verified Emissions Reductions (VERs) in order to reduce their GHG emissions. These purchases financially reward clean energy projects and make the business case viable for the construction of more wind projects and methane capture from projects. We retire the GHG emissions and it is tracked through third-party audited certification such as Green-e.
Operations-30026.44163510.8-0.12A reduction in GHG emissions due to operational excellence and energy conservation projects.
2017 Total163510.8327021.6-0.37Total GHG emissions of QuadReal’s portfolio in 2017 including emissions resulting from energy, water and waste consumption at the properties we manage.

Energy efficiency is necessary; best-in-class operations teams and capital upgrades are key to driving progress. However, efficiency plays only a small part in overall reduction when compared to fuel switching, grid intensity changes, new developments and renewable energy. To achieve our ambitious goal, we need the entire real estate sector to innovate and deliver low-carbon solutions.

Existing properties set and deliver on energy targets every year. In the case of new developments, we are embedding sustainability early in the design phase to encourage integration of healthy spaces, smart technology and low carbon alternatives such as renewable energy systems.


We wanted to understand how buildings can age gracefully. In the graph below, the size of the bubble corresponds to the size of the office building (in Ft2).

Building NameEUI [kWh / Ft²]Year BuiltGLAgroup
3284-3298 East Broadway28.42201322823Alberta
WCC - 5010 Richard Road SW48.26201333530British Colombia
Ennisclare Centre - Office9.9198839576Ontario
MCC - Plaza 120.75197450200Ontario
MCC - Plaza 322.65197550953Ontario
MCC - Plaza 224.86197451018Ontario
MCC - Plaza 418.82197552460Ontario
Land Title Building27.08197253547.5Alberta
WCC - 4906 Richard Road SW31.46200961138British Colombia
Interchange - Priszm15.04200161169Ontario
MCC - Plaza 522.13197669669Ontario
6696 Financial Drive7.77201072973Ontario
Broadway Tech 518.71201078445Alberta
WCC - 4954 Richard Road SW26.04200480380British Colombia
Labour Building46.91196885994British Colombia
Park of Commerce 126.61198791820Ontario
Blair Business Park17.39199293121Ontario
Carling Executive Park A21.26198594909Ontario
Carling Executive Park C16.42198295775Ontario
Carling Executive Park B20.68198495840Ontario
Park of Commerce 326.841988101434Ontario
Commerce Place21.551985106753Alberta
Park of Commerce 257.611987112378Ontario
Broadway Tech 316.992002112412Alberta
Broadway Tech 714.932010112933Alberta
Broadway Tech 120.512008113041Alberta
Park of Commerce 427.911990113553Ontario
6775 Financial Drive18.992007125789Ontario
Baxter Office Building14.642011126807Ontario
Forestry Building36.081979129686British Colombia
Broadway Tech 222.092002146560Alberta
777 Hornby Street50.151968150692Alberta
Maple Leaf Foods 22009152170Ontario
WCC - 4820 Richard Road SW29.872013157066British Colombia
Microsoft Canada Co.2002160650Ontario
Broadway Tech 427.192012172798Alberta
Maple Leaf Consumer Foods14.592006178508Ontario
Broadway Tech 615.52014194737Alberta
WCC - 4838 Richard Road SW36.352009197525British Colombia
WEP Office - 100 Queen21.162000251004Ontario
1075 West Georgia Street27.071969348007Alberta
WEP Office - 45 OConnor26.541991364486Ontario
745 Thurlow Street14.612015400755Alberta
Intact Place27.961980464497British Colombia
200 King Street W25.261983471929Ontario
PwC Tower19.772012592923.2Ontario
Park Place20.341984593849Alberta
145 King Street W37.391972641377Ontario
BP Centre30.531988653723British Colombia
Bremner Tower (SFC)18.352014709412Ontario
Commerce Place35.631989722652British Colombia
Jamieson Place24.982009786775British Colombia
Livingston Place23.842007844228British Colombia
Western Canadian Place32.0819831097655British Colombia
Commerce Court35.7819721962036Ontario

With the adoption of LEED and other certifications, the operating performance of new buildings has rapidly improved in the last decade. It is clear that operational best practices and proactive capital upgrades are key to closing the gap for older buildings. Ambitious and innovative changes are also necessary to keep up with growing energy performance expectations.

We aim to make our office buildings smart-ready so that we can collect interval data and make use of operational analytics and retro-commissioning.


We wanted to know how to increase waste diversion rates.

AddressAnnual cost psfAnnual Diversion Rate (%)2016 Waste Intensity from RealData (kg/sf)
Bldg 10.130.720.11
Bldg 50.190.750.09
Bldg 70.40.330.94
Bldg 90.070.630.1

R² = 0.11 The r-squared of cost vs. diversion rate is 0.11. Roughly meaning that very little of the difference in cost is correlated to diversion rate.

Waste diversion rates and cost per square foot are not correlated. In fact, what we found is that the most economical cost-per-square-foot buildings had the highest waste diversion rates, while the highest cost-per-square-foot buildings significantly underperformed in comparison.

We created an internal waste target-setting process for all buildings. It established a baseline across regions and asset classes and included initiatives to improve performance. We also conducted waste audits and provided support to buildings that were underperforming. Waste volumes were reduced by half in the first month through extensive training and clear communications with operators, cleaners and tenants with a focus on those in food and beverage. This waste diversion process and the reduced frequency of pickups provided significant cost savings for these properties.


We wanted to know how to compare water usage performance by building so that we could identify effective processes and technologies while identifying which buildings needed additional attention.

MonthNormalizedNon Normalized
Jan 201439.2542.56
Feb 201439.2442.58
Mar 201439.1442.49
Apr 201438.8942.26
May 201438.6841.66
Jun 201438.4141.76
Jul 201438.440.87
Aug 201438.240.34
Sep 201437.7640.2
Oct 201437.2839.58
Nov 201436.9139.25
Dec 201436.6539.01
Jan 201536.138.61
Feb 201535.5738.23
Mar 201535.2638.22
Apr 201534.5837.87
May 201533.3237.6
Jun 201532.7136.43
Jul 201530.9435.87
Aug 201530.3135.9
Sep 201528.9835.89
Oct 201528.3735.65
Nov 201528.235.93
Dec 201528.0236.17
Jan 201628.0636.51
Feb 201628.1936.89
Mar 201627.9736.8
Apr 201627.8836.8
May 201627.8936.66
Jun 201627.3937.35
Jul 201626.5937.29
Aug 201625.437.74
Sep 201625.2737.44
Oct 201624.9337.48
Nov 201624.9237.41
Dec 201624.8437.31
Jan 201724.9137.36
Feb 20172537.42
Mar 201724.9537.35
Apr 201724.737.26
May 201725.0136.87
Jun 201725.2636.73
Jul 201726.1636.62
Aug 201727.5936.11
Sep 201727.7736.12
Oct 201727.8636.36
Nov 201728.0636.5
Dec 201727.9736.4
Jan 201828.1836.6
Feb 201827.9736.39
Mar 201828.2236.63
Apr 201828.6236.8
May 201828.1637.42
Jun 201827.9537.31
Jul 201828.2638.57
Aug 201828.2839.97
Sep 201828.9740.73
Oct 201829.1640.52

We worked with RealPAC and Energy Profiles Limited to beta test a water normalization methodology that will help us see how water use is changing over the years independent of the weather. This will highlight which buildings are more efficient and why. In this example, water intensity was largely maintained despite a large increase in the number of building occupants.

Water normalization is live at all our office properties and we are working on implementing it at our residential properties. In addition to weather and exceptional water use normalization, we are developing a normalization for occupancy that will allow us to better understand the data and water use across the portfolio.