Addressing ESG in Canadian Real Estate

Altus Insights Podcast Series

Date: March 16th, 2022

Name of podcast: Altus Insights Podcast Series

Episode title and number: Addressing ESG in Canadian Real Estate

Episode summary: In this episode Ray, Marlon and Avi focus on ESG and its importance to the Canadian real estate market. ESG is an increasingly hot topic amongst investors across the globe, it stands for environmental, social and governance. ESG is a set of criteria for assessing an investment or company's sustainability in terms of environmental conservation, social impact, and corporate governance.

Panelists in this episode:

• Raymond Wong is the Vice President of Data Operations for Altus Group’s Data Solutions team. Overseeing 60+ researchers across Canada, Ray’s primary responsibility is to ensure data collection is all encompassing, reliable and accurate and that it adheres to the Altus Group data governance guidelines. Ray works closely with both internal and external clients to ensure the information meets their needs and that it is both accurate and timely. He also regularly presents on key market trends to clients and at industry events.

• Marlon Bray is the head of Altus Group's Ontario pre-construction and contract administration services as part of the Cost and Project Management team. With over 25 years of experience, specializing in budgeting, value optimization, and providing visibility on risk through the entire lifecycle from early due diligence through to completion. Marlon oversees a team that leads the way with cutting-edge estimating technology and data analytics, bringing a greater level of transparency, and added value to all projects he is involved with.

Key topics:

• 00:54 – How is ESG driving the market?
• 04:49 – Net Zero and other initiatives under ESG
• 08:21 – Balancing Development Pro Forma with ESG
• 13:10 – Tenant Appetite for ESG-conscious Design
• 18:26 – Final Episode Remarks by Marlon and Ray

Resources mentioned during this episode:

• Carbon Leadership Forum
• Net-Zero Emissions
• Upcoming release: GTA Multifamily Rental Dataset

Sign up to receive our Altus InDepth Newsletter

Watch a video recording of this podcast episode