Dream Retrofits

Sector(s)
Green Infrastructure
Location(s)
Ontario and Saskatchewan
Participation
$136.6 million (Financial Close)
Partner(s)
Dream Group of Companies

Improving building resiliency by implementing energy efficiency retrofits

Our investment will finance 19 building retrofits across Dream’s portfolio in Ontario and Saskatchewan.

Fast facts

Reduces greenhouse gas emissions more than 40% = 875 vehicles off the road
Creates 1,500 jobs
Supports Dream’s goal to achieve net zero emission by 2035

The initiative represents one of the most ambitious targets in the real estate sector. We are committing up to $136.6 million to financing 19 buildings build between 1875 to 1992 from Dream, under our Commercial Building Retrofits Initiative.

Dream will begin decarbonizing and modernizing each building starting in Spring 2022. Once complete, the buildings will more resilient workplaces.

Dream’s retrofit plan is focused on implementing energy efficiency measures, focusing on mechanical and electrical upgrades, new windows and roofs, electric vehicle chargers and rooftop solar.

Benefits of CIB Involvement

With our investment, Dream will undertake projects that would not normally be included in its renewal plans nor would be traditionally financially viable. We are investing in retrofits to increase the scale and speed of project opportunities which significantly reduce greenhouse gas emissions.

Learn more

Dream Unlimited

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. 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.

Michael Cooper, Chief Responsible Officer
Dream

We have been working hard alongside leading experts, government and key stakeholders to forge deep partnerships, identify innovations and technologies, and create sophisticated data reporting systems. As the world embraces a low carbon future, Dream is well-positioned to be on the leading edge of the movement.

Lee Hodgkinson, Head of Sustainability & Technical Services