Environmental Objectives
Practice dedication and commitment to a high standard of environmental responsibility as it relates to the acquisition of assets, development and redevelopment projects and the ongoing management of the portfolio.
Implement systems to ensure the comfort and safety of tenants and visitors of Artis's properties and provide a clean environment and attentive building management at all properties, while maintaining engagement and communication to ensure this is being achieved.
Measure, monitor and continuously make efficiency improvements while working with tenants to improve energy, water and waste conservation in a way that will reduce the building's environmental footprint over the long term.
Perform continuous review and analysis of building efficiency to assess and adopt best practices, policies and procedures while seeking opportunities to modernize building systems to achieve optimal efficiency.
Establish objectives and measure results to provide clear and transparent communication to all stakeholders.
Energy Management
Artis is committed to minimizing its impact on the environment through the implementation and management of environmental programs and protection policies with a goal of reducing excess waste generation and seeking to use energy efficient and environmentally friendly systems, fixtures and products in its buildings.
Many of Artis's continuous improvement initiatives focus on sustainability and energy reduction strategies to ensure buildings are operating at their peak efficiency. As buildings are upgraded and equipment is replaced, it is done with technology that promotes energy efficiency and best practices.
Artis uses Yardi Pulse to track landlord-controlled and tenant-controlled energy consumption and costs wherever possible. Utilization of Yardi Pulse allows Artis to easily track costs, consumption and emissions and to compare buildings across the portfolio. Access to reliable and fulsome property data is an integral step towards establishing a baseline in order to identify opportunities for improvement and ultimately create targets to achieve optimal efficiency. It also provides the REIT with the ability to track the effectiveness and the impact of completed efficiency upgrades to guide the REIT in allocating resources to activities that are aligned with stakeholders' priorities and that are the most impactful financially.
Artis works collaboratively with tenants to improve sustainabilty and property managers offer to meet with tenants to provide support and suggestions regarding how to improve their energy efficiency.
Like-For-Like change in ENERGY Consumption
(2021 vs 2022)
Total 1.3% 
Greenhouse Gas Emmission
Like-For-Like change in GHG Emissions
(2021 vs 2022)
Total 2.1%
Artis uses Yardi Pulse to track landlord-controlled and tenant-controlled energy consumption and costs across its portfolio and to help reduce greenhouse gas (GHG) emissions wherever possible. Yardi Pulse tracks energy consumption and utilizes that data to calculate the property's GHG emissions. This process provides Artis with important access to reliable and fulsome property data, which is an important step towards establishing a baseline in order to identify opportunities for improvement and ultimately create targets to reduce emissions. It also provides the REIT with the ability to track the effectiveness and the impact of completed efficiency upgrades to guide the REIT in allocating resources to activities that are aligned with stakeholders' priorities and that are the most impactful financially.
Water Management
Similar to the REIT's commitment to promoting energy efficient best practices, Artis is committed to increasing operational efficiency by reducing water consumption across its offices and at its properties.
Artis's property managers continuously seek to identify potential water saving opportunities and implement measures to achieve usage reductions, including regular inspections of all faucets and toilets to ensure operational efficiency, installation of automated faucets and toilets, upgrading condensing units from water cooled to air cooled, incorporating xeriscaping (selection of plants, shrubs and trees that perform well in the region and require minimal supplemental irrigation), utilization of smart irrigation systems, preventative maintenance on landscaping irrigation systems and sharing water saving ideas with tenants.
Like-For-Like change in Water consumption
(2021 vs 2022)
Total 5.8%
Artis uses Yardi Pulse to track landlord-controlled and tenant-controlled water consumption and costs wherever possible. Utilization of Yardi Pulse allows Artis to easily track costs, consumption and emissions and to compare buildings across the portfolio. Access to reliable and fulsome property data is an integral step towards establishing a baseline in order to identify opportunities for improvement and ultimately create targets to achieve optimal efficiency. It also provides the REIT with the ability to track the effectiveness and the impact of completed efficiency upgrades to guide the REIT in allocating resources to activities that are aligned with stakeholders' priorities and that are the most impactful financially.
Artis works collabortively with tenants to improve sustainability and property managers offer to meet with tenants to provide support and suggestions regarding how to improve their water efficiency.
Climate Change
Climate change and extreme weather events pose a risk to Artis's real estate portfolio, both in the form of physical risks related to the effects of climate change and transitional risks related to transitioning to a low-carbon economy. Transitional risks identified may include risks such as: increasing utility costs, adoption of carbon pricing, and capital expenditures that would be required to decarbonize properties over time. Physical risks identified may include risks such as: interruption of business, water damage related to flooding, and costs to repair damage.
Artis's Board of Trustees and management are committed to the continuous assessment and evaluation of risks to the REIT's properties and overall business. In 2022, Artis began using Moody's Climate on Demand platform to assess the REIT's exposure to climate hazards at the property level, including exposure to heat stress, water stress, floods, hurricanes and typhoons, sea level rise and wildfires. Climate risk is also assessed as part of Artis's insurance renewal process.
To manage and mitigate risk related to the financial impact of climate change, Artis endeavours to proactively make sustainable improvements to its portfolio. Capital improvements are planned with climate risk in mind. Further, many of Artis's continuous improvement initiatives focus on sustainability and energy reduction strategies to ensure buildings are operating at their peak efficiency. As buildings are upgraded and equipment is replaced, it is done with technology that promotes energy efficiency and best practices.