Triovest is a Canadian investment manager and developer of institutional-quality properties. With over 25 years of real estate investment expertise, Triovest is one of the largest privately-owned commercial real estate companies in Canada. Its portfolio of office, industrial, residential, retail, and mixed-use properties is valued at over $12 billion, with $2 billion currently under development. Triovest offers a full suite of complementary real estate services, including asset management, leasing, property management, risk-mitigation services, sustainability, and energy management.

Triovest has a clear approach to integrating sustainability across its operations, in both the way it manages its business, and its assets to drive continuous improvement across the most-relevant environmental, social, and governance (ESG) performance indicators. Triovest has achieved a 4-star rating in the 2021 GRESB Real Estate Assessment.

Visit Triovest for more information and learn more about Triovest’s sustainability program and strategy.

Accomplishments at the Building Portfolio

  • Number of buildings enrolled: 7 of 7
  • GHG Emissions Intensity: 1.62 kgCO₂e/sq ft²/yr
  • Total GHG Emissions: 6, 708 tCO₂e/yr

Building Retrofit Strategy to achieve Net Zero Carbon by 2050

Triovest is implementing a building retrofit strategy to align its operations with the net zero carbon by 2050 goals.

Triovest is working with industry experts to develop long-term carbon accounting and planning tools to formulate practical solutions on deep retrofits, building upgrades, and smart technology integration to achieve our portfolio wide decarbonization targets.

Green and Healthy Building Certifications

Investment in building certifications is one way to inform employees, tenants, clients, and investors that Triovest is constantly striving for new ways to lower our carbon emissions, reduce operating costs, and enhance the health and safety of the properties we manage.

In 2021, Triovest have been awarded with multiple building certifications:

  • Fitwel 1 Star: Atrium at Bay, 2 Bloor Street West, and 40 University Avenue
  • SmartScore: 2 Bloor Street West, 700 University, and Atrium at Bay
  • BOMA Best Platinum: Atrium at Bay
  • LEED Gold: 5050 Satellite Drive
  • WELL Health-Safety: 2 Bloor Street West, Atrium at Bay, and 700 University

Building Analytics and Smart Technology Systems

To further enhance continuous improvement in buildings, Triovest is implementing building analytic and FDD systems at several of our buildings in Toronto, such as 595 Bay St. and 700 University Ave.

Using artificial intelligence (AI), these systems monitor building automation systems on a continuous basis identifying comfort level concerns, equipment malfunction, energy saving and GHG reduction opportunities.

Smart Tenant Engagement Initiatives

Triovest’s tenant experience platform, “Triovest Access”, makes tenant life easier by connecting them with building operations and property management teams in a convenient and effective way. Available in Apple and Google app stores, “Triovest Access” allows our tenants to submit service requests, find out what is happening in their building and the surrounding neighbourhood, take advantage of exclusive offers, and connect with others within the building community.

Multiple Canadian and International Awards

700 University Ave. received the BOMA Canada TOBY Award in 2020 for a commercial building over 1 million square feet.

5050 Satellite Drive buildings was the recipient of 2021 Rick Hansen Foundation Buildings Without Barriers Challenge – Innovation Award

National Enterprise Utility Data Management System

Implementing a national utility management and data analytics system allows for a streamlined process to ensure the management of our utility data is accurate and consistently verified. This enables property management teams to stay informed on building trends of utility consumption, benchmark their performances across Triovest’s portfolio, assess decarbonization pathways, and to make informed decisions on capital expenditures to reduce the utility consumption across our portfolio.

Disclaimer: Profiles presented are based on information provided by participants. Participants’ GHG emissions performance published are based on utility data submitted and converted to GHG emissions. The emission factors applied aligns with the period of energy data reported (2020). The emission factors utilized for the conversion are calculated based on a combination of sources: Government of Canada (National Inventory Report & Canada’s Proposed Greenhouse Gas Quantification Requirements), Government of Ontario (Guide: Greenhouse Gas Emissions Reporting), The Atmospheric Fund (A Clearer View on Ontario’s Emissions – Electricity emissions factors and guidelines) and Enbridge Gas Inc. (Chemical Composition of Natural Gas).