- Reviewing and identifying key climate change risks, both in the geographies where we currently operate and for future sites we’re looking to acquire.
- Reviewing all product types and designs and aligning on features that will make a community more resilient to extreme weather and other events.
- Adopting standard design features for all new communities that will help mitigate the impacts of climate change, including: - Passive and active survivability measures, such as insulation, heating, cooling, ventilation, and shading.- Areas of refuge.- Renewable energy systems.- Property management preparedness.
In 2022, we implemented a formal Climate Resilience Framework that allows for a methodical approach to assessing and addressing the climate change risks for projects, from acquisitions through to operations. Design considerations were made for five different high rise development projects in the Greater Toronto Area (GTA).
We continued to leverage the framework in 2023. We are incorporating minimum resiliency features into our communities and doing everything we can to ensure our homes and communities are more resilient in the face of future climate emergencies.
With a better understanding of how climate change will impact our communities in the future, we are focusing on resilience. We are adjusting our design approach to create opportunities for homeowners to be better prepared for extreme weather events.
Agnieszka Wloch
VP, Development