Leading the Way in Sustainable Multi-Family Real Estate: Hazelview Maintains Top GRESB Ranking and Green Star Status Across Canadian Multifamily Portfolio

Oct. 3, 2025

Hazelview Investments Inc. ("Hazelview") is proud to announce its continued progress in sustainability, having achieved an overall score of 83 in the 2025 Global Real Estate Sustainability Benchmark (GRESB) and securing first place in the Canadian multi-family standing investments peer group for the second consecutive year. This repeat recognition highlights Hazelview's enduring commitment to advancing environmental, social, and governance (ESG) performance across its portfolio of private real estate assets.

In addition to its top ranking, Hazelview maintained GRESB Green Star status in both the Development and Standing Investments categories, reinforcing its dedication to excellence and continuous improvement in sustainable real estate practices.

Hazelview's strong performance was driven by leadership in ESG strategy, robust policies, transparent reporting, active community and tenant engagement, comprehensive data coverage, and portfolio-wide green building certifications. In 2024, Hazelview successfully met its goal of maintaining 100% green building certification across its Canadian multi-family portfolio, while continuing to invest in data, technology, and employee training to accelerate environmental progress.

To support these efforts, Hazelview invested $5.4 million in strategic capital projects focused on resource efficiency, including building automation systems, high-efficiency boiler retrofits, VFD booster pump replacements, LED lighting upgrades, window and door replacements, submetering installations, and water retrofit and renewal projects. These enhancements were complemented by 67 waste audits, further informing Hazelview's sustainability strategy. Collectively, these investments contributed to a 1.4% reduction in energy intensity, a 5.9% decrease in total GHG emissions, an estimated 24% operational waste diversion rate¹, and measurable reductions in water consumption across all building types² – demonstrating meaningful progress toward environmental performance and portfolio resilience.  

Innovation also played a key role in Hazelview's progress. Through Hazelview Ventures, the organization piloted emerging technologies designed to improve building performance and reduce environmental impact.  Among these was Lamarr.AI, a drone-enabled platform that uses artificial intelligence to detect inefficiencies in building envelopes – such as thermal bridging and air leakage- enabling targeted remediation and improved energy performance. Hazelview also leveraged SensorSuite's smart energy management system, to enable real-time monitoring and control--particularly in older properties – supporting more efficient energy use.

"At Hazelview, our commitment to building a sustainable, resilient, and equitable real estate business remains steadfast," said Colleen Krempulec, Managing Director and Head of Sustainability at Hazelview. "We're honoured to be recognized by GRESB for the second consecutive year as the top performer in our peer group. Looking ahead, we will continue to leverage GRESB insights to implement best practices and enhance the value we create for both people and places."