The Dream group of companies has set out to achieve net zero greenhouse gas (GHG) emissions by 2035 or sooner for all its operations and new developments. With a portfolio totaling over $13 billion, the announcement represents one of the most ambitious targets in the industry, aiming to achieve net zero 15 years ahead of the Paris Agreement.
“We believe that real estate can be developed and managed to make positive impacts and make our communities more fair. Real estate is responsible for about 40 percent of global greenhouse gas emissions. That’s the impetus of today’s announcement – we believe that we can stop the growth of carbon emissions from our properties and reduce our emissions dramatically,” said Michael Cooper, Chief Responsible Officer for Dream Unlimited. “It has never been more urgent to act swiftly. We can challenge the historical status quo and transform our business to meaningfully tackle these complex issues and pave the way for a resilient future.”
Additionally, efforts are already underway at Dream Unlimited’s 34-acre master-planned development Zibi, which is set to become the National Capital Region’s first net zero community by 2025. Bringing this ambition to reality, Dream Unlimited recently brought online the region’s first zero-carbon District Energy System, relying on post-industrial waste energy for heating and the Ottawa River for cooling, providing zero carbon heating and cooling to all residents and tenants in the community.