This report highlights the benefits they can bring to SMEs, such as property value and energy savings. It also provides guidance on the most appropriate investments depending on the project objectives, and some best practices to facilitate the retrofit process.
The pace of climate change resulting from our actions (or lack thereof) is accelerating. Our window of opportunity to limit global temperature rise by less than 2 degrees Celsius is rapidly closing. Existing buildings, including commercial real estate, significantly contribute to GHG emissions in Canada. While efforts to incentivize investment in retrofitting these buildings are underway, they may not be sufficient. In comparison to other G7 nations, Canada lags in undertaking green retrofits for existing buildings.
To better understand this gap, BDC conducted a study, drawing from a literature review and a survey of 1,500 Canadian SME building owners and tenants. This study highlights the long-term benefits of investing in green retrofits. Not only can retrofitting benefit the environment and future generations; it also benefits the businesses involved.
This report highlights the benefits they can bring to SMEs, such as property value and energy savings. It also provides guidance on the most appropriate investments depending on the project objectives, and some best practices to facilitate the retrofit process.
