Potential offtaker

Colliers International

www.colliers.com

Estimated electricity consumption

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Countries of production presence

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Colliers International is a leading global real estate services company that operates in over 60 countries worldwide. The company has a strong presence in Canada, where it provides a range of services to clients in the real estate industry, including brokerage, property management, valuation, and consulting. Colliers International is committed to sustainability and has taken steps to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus for Colliers International, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2019, Colliers International joined the Science Based Targets initiative, which aims to help companies align their emissions reduction targets with the goals of the Paris Agreement. As part of this initiative, Colliers International has committed to reducing its scope 1 and 2 emissions by 50% by 2030, and its scope 3 emissions by 15% by 2025.

To achieve these targets, Colliers International has implemented a number of measures to reduce its energy consumption and promote renewable energy. One of these measures is the use of corporate Power Purchase Agreements (PPAs) to source renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees the company a fixed price for renewable energy over a period of time. By using corporate PPAs, Colliers International is able to reduce its reliance on fossil fuels and support the development of renewable energy projects.

In 2020, Colliers International signed a corporate PPA with a wind farm in Alberta, Canada. Under the agreement, Colliers International will purchase 10,000 megawatt hours of renewable energy per year, which is equivalent to the electricity consumption of approximately 1,000 Canadian homes. The wind farm is expected to be operational in 2022 and will provide Colliers International with a reliable source of renewable energy for the next 10 years.

In addition to using corporate PPAs, Colliers International has also implemented a number of energy efficiency measures to reduce its energy consumption. These measures include the installation of LED lighting, the use of energy-efficient HVAC systems, and the implementation of building automation systems. By reducing its energy consumption, Colliers International is able to lower its greenhouse gas emissions and save on energy costs.

Corporate energy management is another area of focus for Colliers International. The company has implemented an energy management program that includes regular energy audits, the tracking of energy consumption, and the implementation of energy-saving measures. By actively managing its energy use, Colliers International is able to identify areas where energy consumption can be reduced and implement measures to improve energy efficiency.

Colliers International is also committed to promoting sustainability in the real estate industry. The company provides a range of sustainability consulting services to clients, including energy audits, sustainability assessments, and green building certifications. By promoting sustainability in the real estate industry, Colliers International is helping to reduce the environmental impact of buildings and promote the development of sustainable communities.

In conclusion, Colliers International is a leading global real estate services company that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its greenhouse gas emissions and has implemented a range of measures to promote renewable energy and energy efficiency. By using corporate PPAs, implementing energy efficiency measures, and promoting sustainability in the real estate industry, Colliers International is helping to create a more sustainable future for all.

✓ Science Based Targets member
✓ Declared Net Zero commitment