Environmental. All sectors of the Canadian economy are adopting increasingly sustainable and environmentally-friendly practices to help the transition to a net-zero economy. In particular, as the Government of Canada stated in its Emissions Reduction Plan, Decarbonizing the buildings sector is critical to Canada s pathway to 2030 and 2050.1 In 2019, commercial and residential buildings accounted for 12 percent of Canada s greenhouse gas GHG emissions.2 Clearly, the real estate industry has a pivotal role to play in achieving the federal government s emissions reduction goal by 2030 and achieving net-zero emissions by 2050.
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