Sustainable Due Diligence in Real Estate, Vancouver, British Columbia, September 26, 2018

Terrapex, together with Inogen and the Global Real Estate Sustainability Board (GRESB) hosted a discussion on sustainable due diligence from a property manager’s perspective. Invited real estate professionals and Inogen associates joined in discussion with Panelists: Mr. Neil Pegram, Director of America for GRESB; Mr. Jamie Gray-Donald, Vice President of Sustainability, QuadReal Property Group; and, Mr. Christian Plas, Director of Denkstatt Austria and a founding member of the Austrian Society for Sustainable Real Estate. Discussions were moderated by Mr. Alex Ferguson, Inogen Board Member and Director of the UK Green Building Council and co-hosted by Mike Grinnell, Terrapex’s Director of Business Development. Key takeaways from these discussions included:

When completed properly, Environmental, Social & Governance (ESG) benchmarking addresses both operational and reputational risk
Resiliency is needed to future proof assets against ongoing challenges faced in the region(s) of operation
Once adopted, sustainable solutions outperform market financial expectations, increase tenant satisfaction and exceed guidelines
Small and medium-sized organizations will be next to adopt and implement ESG and other sustainable approaches due to market brands
To assist their efforts, and those of others, a common language and overall literacy on sustainability and ESG requirements would be beneficial