Published: May 2024
Organization: Business Development Bank of Canada (BDC)
Format: Report
Estimated Reading Time: 15-20 minutes
Why We Recommend It?
Based on survey data, expert interviews, and public research, this report by BDC makes a compelling case that sustainability is also good business. It shows that energy-efficient retrofits lead to lower operating costs, increased property value, and greater tenant satisfaction. In addition to outlining both barriers and benefits, the report also provides practical guidance on selecting retrofit investments based on project goals and highlights proven best practices from real-world examples.
This report is also a valuable resource for commercial tenants, offering a strong foundation to initiate retrofit conversations with landlords and collaborate toward mutually beneficial outcomes.
Key Takeaways
For Building Owners & Developers
- Green retrofits deliver real value, including higher property value, energy savings, and tenant retention.
- Certain upgrades provide quick payback, with stronger ROI over time.
- A step-by-step, best-practice approach helps maximize impact and reduce risk.
For Designers & Consultants
- Provides data to help clients prioritize high-impact retrofit opportunities.
- Reinforces the value of involving design professionals early in planning.
- Understanding retrofit barriers and available incentives can strengthen client support.
For Builders & Contractors
- Offers insights on project ROI and timelines to guide client discussions.
- Provides direction on future-proofing supply chains and workforce.
For Government & Utilities
- Offers insights into retrofit barriers and where policy or program support can accelerate market adoption.
Next Steps & Related Reading...
- Still exploring the value of green buildings? Dive deeper into our Business Case section for insights from different perspectives—or check out our Case Studies for real-world examples that bring the numbers to life.
- Ready to move forward? Visit the Carbon Neutral Buildings section to dive into key concepts and practical strategies—or explore our Resource Library to find topics that matter most to you.