Cadillac Fairview Properties Across Canada Achieve BOMA BESt Green Building CertificationDec. 16, 2008 Toronto, Ontario Nov 27, 2008 (MARKET WIRE via COMTEX) Cadillac Fairview Properties Across Canada Achieve BOMA BESt Green Building Certification The Cadillac Fairview Corporation Limited is proud to announce that all of its major office towers and retail shopping centres across Canada have achieved the Building Owners and Managers Association's (BOMA) BESt green building certification. BOMA BESt is the newest evolution of BOMA Canada's Go Green and Go Green Plus programs, harmonizing them into one comprehensive environmental certification. "At Cadillac Fairview we strive to be leaders in our industry, from architectural design and property management to our ongoing commitment in the area of corporate social responsibility. By partnering with our tenants we are building sustainability together and demonstrating leadership in environmentally-conscious building standards and practices," said Peter Sharpe, President and Chief Executive Officer. "We believe that by adopting green practices and products, it's not only the right thing to do, it is the smart thing to do as well. We have already realized significant reductions in energy costs that directly benefit our tenants, reduce the burden on local power grids and positively impact the company's financial performance as well." "This is a very impressive accomplishment," said Diana Osler-Zortea, President of BOMA Canada. "By investing the time and resources that they have to achieve BOMA BESt at 51 large office towers and shopping centres across the country, it really demonstrates their leadership in the commercial real estate industry. I hope that this will be a catalyst for many more companies to get involved in the program, it really makes business sense." Karen Jalon, National Director of Sustainable Operations at Cadillac Fairview reinforces the notion that going green is a continuous process. "Sustainability is not a destination, it is an ongoing journey and through our company's comprehensive GREEN AT WORK strategy all of our employees are focused on making a difference and identifying opportunities to reduce our carbon footprint." Cadillac Fairview has launched a detailed, measurable green strategy referred to as GREEN AT WORK, which supports their overall sustainability goals. The GREEN AT WORK program focuses on five pillars of excellence; Energy, Waste Management, Environmental Protection, Sustainable Procurement and Communication. In order for a building to achieve BOMA BESt certification, they must meet specific requirements related to energy and water management; emissions and effluents, waste reduction; the indoor environment; and environmental management systems. The building must then undergo a third-party assessment to ensure all requirements are met. "Achieving BOMA BESt certification across our entire portfolio of retail and office properties is a major accomplishment. This could not have been achieved without the dedication of our operations teams across the country who worked so hard to make this happen," said Deane Collinson, Executive Vice President of Property Operations at Cadillac Fairview. "Despite the challenge of having such a large number of diverse office and retail properties, all of our teams used the BOMA Certification process to examine every aspect of our building operation systems and implement best practices that are now being shared across the country." |