87% of properties in our North American portfolio have net zero asset plans that assess property-level strategies for carbon reduction and potential financial incentives. These plans are helping to maximise the long-term value of our assets.

In April 2024, we launched our Pathway to Net Zero in North America, a reductions-first approach to help achieve a 42% decrease in our carbon emissions – relative to a 2021 baseline year – by 2030 and reach net zero by 2050.

This pathway forms part of our global carbon commitment to deliver a science-based emissions reduction in line with the goal of limiting global warming to 1.5°C. Activities designed to help achieve this ambition in North America include: deploying renewable, clean energy solutions, utilising green building materials and innovative technologies, and developing programmes to encourage tenants and suppliers to reduce emissions.

Other sustainability highlights include the official opening of 825 Pacific, the tallest certified commercial Passive House development in Canada. We constructed and gifted this all-electric building, which uses no fossil fuels and will produce nearly zero greenhouse gas emissions during its lifespan, to the City of Vancouver as a Community Amenity Contribution that provides space to artists challenged to find accessible workshops in the downtown core.