FOR IMMEDIATE RELEASE
Peel region office landlords, tenants, employees set to tackle energy waste
Close to 5 million sq ft already pledged in Peel to reduce energy use by 10 per cent
TORONTO - On Monday, May 28, Peel Region real estate executives will join Greater Toronto CivicAction Alliance and the region’s political leaders to formally launch the Race to Reduce smart energy office challenge, which aims to reduce office energy consumption by at least 10% by the end of 2014. The event will take place from 5:00 – 7:00 pm as part of the 2012 Energy Matters Summit at the Toronto Congress Centre.
In addition to networking opportunities with senior building owners, managers, and tenants, attendees will hear from Regional Chair of Peel Emil Kolb, Mayor Hazel McCallion, Mayor Marolyn Morrison and Mayor Susan Fennell, and one of the volunteer Co-Chairs of the CivicAction initiative Michael Thornburrow, Senior Vice-President of Corporate Real Estate and Strategic Sourcing at BMO Financial Group. Award winning author, speaker, and presenter Alex Steffen will deliver the plenary keynote address at 3:30pm prior to the event launch at 5:00pm. Race to Reduce launch guests, registrants, and media are also invited to attend Mr. Steffen’s address.
The Race to Reduce was launched by CivicAction and its Leadership Council of the region’s major office building landlords and tenants on May 19, 2011 as a way to inspire collaboration to reduce operating costs and carbon emissions while improving the quality of the air we breathe. (According to the Living City Report Card), office buildings account for close to 20 per cent of the Greater Toronto Area’s carbon emissions. They use 37 per cent of its electricity, and 17 per cent of its natural gas.) The goal of the four-year program is for landlords and tenants to work together to collectively reduce the total energy use in participating office buildings by at least 10%.
Unprecedented Success and Collaboration in Year One
As the Toronto region Race nears its first anniversary, 30+ major landlords and 400+ tenants have registered 136 buildings representing 58 million square feet of office space – over 28% per cent of the Toronto region’s office building space. The Peel Region includes Canada’s fifth largest office market in Mississauga, and represents a key opportunity to add to the square footage already registered.
Peel already boasts 58 office building landlord and tenant participants - representing over 4.6 million square feet of office space - including tenants RBC, TD, Air Canada, and landlords Bentall Kennedy, GWL Realty Advisors, and Morguard. Attendees will hear from current participants and learn more about the challenge and how it can help green their bottom line.
The Race to Reduce is open to all sizes of office building landlords and tenants in the Toronto region, and participants may join at any time.
The Race to Reduce is a project of CivicAction’s Greening Greater Toronto and is grateful for the support provided to the Race to Reduce by program sponsors Enbridge Gas Distribution, Toronto Hydro, Cadillac Fairview, Manulife Financial, Oxford Properties Group, CBRE, BLJC, and media sponsors Canadian Property Management Magazine and Building Strategies and Sustainability.
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The Greater Toronto CivicAction Alliance convenes civic leaders from across all sectors and the region to catalyze change on the tough issues and big opportunities facing the Toronto region. Using its model of collective leadership, CivicAction is advancing the agenda on its newest priorities for action: transportation, regional economic development, jobs and income and immigration. CivicAction's current initiatives are aimed at: connecting and supporting rising city-builders (the Emerging Leaders Network); making the Toronto region flourish through environmental action and innovation (Greening Greater Toronto); and creating a leadership landscape that better reflects the region's diversity (DiverseCity: the Greater Toronto Leadership Project in partnership with Maytree). For more information, visit www.civicaction.ca.