b'WELCOMEWelcome to Issue 3 ofThe Building BOMA Ottawa (The Building Owners and Managers Association) is the voice of the commercial real estate industry in the National Capital area. BOMA members include those who own, manage, service or support in excess of 60 million square feet of I n June of 2024, BOMA, in collaboration with Hydro Ottawa, hosted an information sessioncommercial, office, retail, industrial and institutional property in the region. BOMA Ottawa is one of the National Capital Regions most active and effective business associations.BOMA Ottawa VisionBOMA Ottawa, as the voice of the commercial real estate industry in the entitled Charting Your Path to Carbon Neutrality. It is part of BOMAs goal to focus onNational Capital area, is the recognized advocate helping its members to chart their path to carbon neutrality.of building owners and managers in supporting their goals as professional and socially responsible businesses, so as to increase the economic benefit to BOMA Ottawa members, their employees and The Canadian government is targeting a reduction in emissions by 40-45 per cent from 2005clients, and the broader community.levels by 2030 and to be carbon neutral by 2050. They launched the Net-Zero Challenge toBOMA Ottawa MissionThe mission of encourage businesses operating in Canada to develop and implement credible and effectiveBOMA Ottawa is to represent the interests of commercial real estate owners and managers plans to transition their facilities and operations to net-zero emissions by 2050. One initiativeby being the voice of the real estate industry in the National Capital area through advocacy, to assist our industry in reaching this goal is the Deep Retrofit Accelerator Initiative (DRAI)promoting the highest industry standards, educational development and by fostering business program that provides funding to organizations known as retrofit accelerators. These accel- relationships amongst its members and within the erators assist building owners in developing deep retrofits for commercial, institutional andcommunity it operates.mid- to high-rise multi-unit residential buildings. With support from NRCan, Hydro OttawaThe commercial real estate industry is vital as both the physical and economic foundation of Ottawas is launching a DRAI aimed at supporting building owners and managers in their journey toeconomy. As the voice of this industry, BOMA Ottawa is the recognized advocate of building improve their buildings.owners and managers in supporting their goals as professional and socially responsible businesses. These goals are achieved through Education, Decarbonizing commercial office space is crucial for addressing climate change and ensuringStandards, Networking and Advocacy.a sustainable future. As cities grow and economies expand, the demand for office buildings continues to increase. The commercial real estate sector is a contributor to global greenhousePublished by:gas emissions. Reducing carbon emissions in this sector is not only vital for environmental reasons, but also for economic and social benefits. www.mediaedgepublishing.com33 South Station Street One of the main drivers for decarbonizing commercial office spaces is the reduction of energyToronto, ONM9N 2B2 Toll Free: (866) 480-4717 usage. Energy consumption in buildings comes primarily from heating, cooling and lightingrobertt@mediaedge.casystems. By upgrading these systems to energy-efficient alternatives, such as LED lighting,531 Marion Street advanced HVAC systems and renewable energy sources, offices can dramatically reduce theirWinnipeg, MBR2J 0J9 Toll Free: (866) 201-3096 carbon footprint. Green buildings with certifications such as BOMA BEST have demonstratedFax: (204) 480-4420 that implementing sustainable solutions not only reduces emissions, but also results in costwww.mediaedgepublishing.comsavings for building owners and tenants through lower energy bills. National Director of Publishing: Maurice P. LaBordeEditor: Emily WeidenbacherNational Sales Executives: Nolan Ackman,Moreover, decarbonizing commercial offices enhances employee health and productivity.Derek de Weerdt, April Hawkes, David TetlockStudies show that buildings designed with sustainability in mind often have better air quality,Senior Design Specialist: Marisa Giesbrechtnatural lighting and more comfortable indoor environments, which contribute to employeeDesign Specialist: Bethany Giesbrechtwell-being and motivates them to be in the office. President: Kevin BrownSenior Vice President: Robert ThompsonRegulatory and market pressures are increasingly pushing for greener buildings. GovernmentsSales / Branch Manager: Nancie Privaround the world are setting stricter carbon reduction targets, and companies are committingPublished October 2024to sustainability goals. Investors and tenants are also prioritizing eco-friendly spaces, makingPublication Mail Agreement #40787580decarbonized office spaces more competitive and desirable.All rights reserved. The contents of this publication may not be reproduced by any means, in whole We hope you enjoy this issue of The Building and learn more about the ways to advanceor in part, without the prior written consent of towards carbon neutrality.theassociation.THE BUILDING is printed on 10% post-consumer Dean KarakasisFSC certified paper using soya based inks. When necessary to mail an issue in an enclosure, we use an Executive Directorenvironmentally-friendly, 100% oxo-degradable poly-wrap.BOMA OttawaPlease return undeliverable copies to:1005141 Laurier Avenue WestOttawa, ONK1P 5J34 THE BUILDING | 2024 ISSUE'