In 2019, we were one of the first North American real estate operators to sign the World Green Building Council's (WorldGBC) Zero Carbon Buildings 2030 Commitment. As long-term owners and developers, we are motivated by both the positive environmental impact and the financial benefit we will derive from our decarbonization and climate resiliency efforts.
Our goal is to achieve a 42% reduction across our emissions by 2030 (relative to our 2021 baseline year) and reach Net Zero by 2050. This is an ambitious objective that reflects our long-term commitment to responsible ownership and development of the built environment.
We have published our Pathway to Zero decarbonization strategy in the spirit of transparency and accountability while continuing to invest in capital improvements that prioritize emissions reductions and enhancing the value of our portfolio.
It will be through lowering the energy and carbon intensity of our properties, reducing the environmental impacts from our development activities and developing programs to encourage our tenants and suppliers to reduce emissions, that we believe that we will achieve this Pathway and make a positive contribution to a carbon solution.
At Orchard Trimble, a three-building office and R&D campus in North San Jose, we have completed a drought resistant landscaping project and a substantial solar panel array installation.
The panels are estimated to result in a 91% usage offset at both 2610 and 2630 Orchard buildings, and a 55% usage offset at 55 West Trimble*.
Further plans include replacing all exterior high pressure sodium lighting fixtures with LED lights.
Brentwood Block is an 8‑acre, pedestrian‑focused masterplan that will bring 3,500 carbon-free homes to Metro Vancouver next to rapid transit.
The project will exceed the City of Burnaby's sustainability requirements and will align with Grosvenor's 2030 Commitment to achieve net zero operational carbon through efficient envelope design, low carbon systems, 98% renewable energy in all homes, and some use of high-quality carbon credits to offset residual operation carbon emissions that cannot be eliminated through direct reduction measures.
Brentwood Block is one of the first projects of this scale to be entirely pedestrian, with all vehicles accessing the underground parking from the site's periphery.
In keeping with our commitment to achieve a 42% reduction of overall emissions from a 2021 baseline by 2030, this 272-unit residential project could be the region's first residential mass timber project. The cross-laminated timber (CLT) portions of the superstructure will achieve a substantial reduction in the project’s overall embodied carbon footprint compared to other construction types.
We are aiming to eliminate thousands of metric tonnes of embodied and operational carbon by utilizing CLT in this project.
3300 Whitehaven will include 100% electric appliances in each home and a 0.15-acre public park.
Disclaimers:
* Environmental performance claims are based on available data as of July, 2025 and may be subject to change. All statements are supported by third-party certifications, modelling, or internal documentation available upon request. Actual performance may vary based on occupancy, usage, and operational conditions.
Portfolio ESG performance is based on reporting frameworks such as GRESB and ENERGY STAR Portfolio Manager. Not all properties may meet the same performance criteria. Individual building metrics are available upon request.
“Sustainable” refers to building features such as low-emission materials, water-saving fixtures, and reduced operational energy use. For full details on the sustainability strategy and supporting documentation, please see our Pathway to Zero.
Energy performance estimates are based on modelling aligned with energy efficiency standards or codes used in building design and construction in Canada and/or the US.. Assumptions include standard tenant use and typical occupancy. Actual energy use may vary. Full modelling results are available upon request.
This document contains forward-looking statements regarding sustainability goals and projected environmental performance. These statements are based on current expectations and are subject to risks and uncertainties. Nothing herein should be interpreted as a guarantee of certification or performance. Investors and stakeholders are advised to verify all claims independently.