Commercial, Energy Efficiency, GHG Emissions - March 13, 2023
Tricon Residential Invests in Energy Saving Appliances
Tricon Residential Inc., an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada has invested in approximately 55,000 ENERGY STAR®-rated appliances in its homes over four years.
The $111 million investment of the appliances resulted in estimated energy consumption savings of 262,000 MWh compared to equivalent standard models.
The company also developed and launched an energy consumption model for its single-family rental portfolio, enabling Tricon to be proactive in reducing its resource consumption.
Tricon also targeted LEED Gold certification across 93% of the active Canadian multi-family development pipeline, representing over 3 million square feet of residential space and improved its overall Global Real Estate Sustainability Benchmark (“GRESB”) rating by 24% relative to our inaugural 2021 performance.
“I am delighted to share our annual ESG report which highlights our commitment to sustainability and good corporate citizenship, and showcases meaningful progress across our ESG initiatives,” said Gary Berman, Chief Executive Officer and President of Tricon in a statement. “As a people-first company, we firmly believe that our success is directly linked to the well-being of our employees and our 95,000+ single-family and multi-family rental residents. By taking care of our residents, enhancing access to high-quality housing, and addressing social and environmental issues, we are taking meaningful steps to positively impact the communities we serve.”