• $677.2M
    total assets(1)
  • 566,000
    square feet of gross leasable area (GLA)(1)(2)
  • 6,358
    units under development or in our development pipeline (at MPCT.UN’s share)(1)
  • 84.8%
    portfolio occupancy (including committed)(1)
Dream Impact Trust (MPCT.UN) targets projects that create positive and lasting impacts on communities and the environment, while generating attractive market returns. MPCT.UN provides investors with access to an exceptional portfolio of real estate development and income properties that would not otherwise be available in a public and fully transparent vehicle.
(1) As of September 30, 2021
(2) The Gross Leasable Area (GLA) includes Sussex Centre at Dream Impact Trust’s 50.1% share,
10 Lower Spadina, 349 Carlaw, 49 Ontario, 68-70 Claremont and 76 Stafford

MPCT.UN was the first public impact company in Canada and has openly committed to positively effecting environmental and social change through its role as a real estate owner, developer and operator.

2020 Highlights

  • Biodiversity
    Reintroduced native vegetation and increase biodiversity of plants and animals at Zibi
  • Net Zero
    Started construction on our permanent Zibi Community Utility (“ZCU” or the “District Energy System”) plant which will enable zero-carbon heating and cooling at our Zibi development
  • 13,937
    metric tons of soil were remediated at Zibi
  • $761,065
    donated to charities and NGOs by DRM, MPCT.UN’s asset manager
  • 231
    affordable units under construction at West Don Lands Block 8, with first occupancies expected in 2023
  • 1st
    Canadian Impact-Dedicated Convertible Debenture Offering in 2021
  • Five Star Rating
    achieved by MPCT.UN on its
    first GRESB submission
  • Developed ESG Framework
    MPCT.UN’s new ESG Framework sets out the most material sustainability topics and how we are responding based on the type of asset class and specific objectives
  • GIIN
    DRM, MPCT.UN’s asset manager, became a member of the Global Impact Investing Network (GIIN)

ESG Scorecard

Indicator 2019(7) 2020(7) YOY %
Change(7)
On track for target 2025 target
Energy(1)
Energy consumption (ekWh) 22,455,431 19,251,096 -14% 15% reduction of energy consumption by 2025 versus 2019 baseline
Energy intensity (ekWh/sq.ft.) 22.96 19.69 -14%
Emissions(1)(2)

Scope 1 emissions (tCO2e)

1,390 986 -29%

Scope 2 emissions (tCO2e)

440 412 -6%

Total GHG emissions (Scope 1 and 2; tCO2e)

1,830 1,398 -24% 10% reduction of emissions by 2025 versus 2019 baseline

GHG emissions intensity (kgCO2e/sq.ft.)

1.9 1.4 -24%
Water(1)
Water consumption (m3) 62,358 37,809 -39% 10% reduction of water consumption by 2025 versus 2019 baseline
Water intensity (m3/sq.ft.) 0.064 0.039 -39%
Waste generation(3)
Waste to landfill (tonnes) 16 19 19%
Waste diverted (tonnes) 15 36 140%
Total waste generated (tonnes) 31 55 77%
Waste diversion 48% 65% 37% 75% waste diversion target by 2025
Certifications
Percentage of portfolio that has a green building certification(4) N/A(5) 90% 100% certification (any program) of all Canadian office sites by 2025
Percentage of eligible portfolio that has an energy rating(6) 100% 90% -4%

(1) Energy, emissions and water metrics stated in the scorecard is from the following assets: 349 Carlaw, 49 Ontario St, 10 Lower Spadina and Sussex Centre.
(2) GHG emissions are calculated in accordance with the World Resource Institute Greenhouse Gas Protocol. They capture activities MPCT.UN has direct and indirect operational control over:
Scope 1 emissions generated directly from its operations, including heating at MPCT.UN’s properties.
Scope 2 emissions indirectly associated with generation of purchased electricity, heating, cooling and steam consumed by properties.
(3) Waste data stated in the scorecard is from the following assets 349 Carlaw, 49 Ontario St and 10 Lower Spadina. Sussex Centre, co-owned by MPCT.UN, and D.UN, is included in D.UN data
(4) Based on total GLA owned by MPCT.UN as of June 30th, 2021, representing 566,000 sq ft of portfolio including Sussex Centre (owned GLA), 68-70 Claremont St, 76 Stafford St, 10 Lower Spadina, 49 Ontario
and 349 Carlaw.
(5) Metric not calculated in 2019.
(6) Represents the percentage of portfolio based on sq.ft. using ENERGY STAR Portfolio Manager (ESPM).
(7) Each years energy, GHG, water, waste, building certification and energy rating data is based on the relevant properties owned for the full calendar year in that year.
(8) Includes employees employed by Dream Asset Management Corporation, which includes DRM and MPCT.UN employees. Does not include employees at Dream recreational properties, employees on leaves of absence (e.g., permanent disability, long-term disability, parental leave) and interns.
(9) Includes employees at all levels.

Environmental

In 2021, Dream Impact Trust announced the goal of achieving net zero carbon emissions by 2035 – fifteen years ahead of the science-based Paris Agreement’s 2050 goal.

West Don Lands

In 2019, we broke ground on West Don Lands Block 8, a public-private partnership with the Government of Canada, Canada Mortgage and Housing Corporation (CMHC) and the Province of Ontario to create long-term affordable housing units (housing where the total monthly shelter cost is at or below Toronto’s average market rent). The entire
West Don Lands project will deliver 2,279 world-class new rental units of which 30% are affordable, to meet a growing demand in the Toronto housing market.

The West Don Lands is a LEED Gold-certified, purpose-built, multifamily rental apartment community in Toronto’s downtown east end. The development is one of the largest affordable housing projects in Canada and the first within the Provincial Affordable Housing Lands Program to break ground. We are focused on addressing one of the most prevalent issues facing Canadian cities: shortage of attainable housing. As the first block of the development nears completion, we will be working with local non-profit groups to establish an inclusive tenant selection process for the affordable units.

The project is expected to deliver the following environmental and social impacts:

  • Reduction of energy consumption by 27% compared to the NECB *
  • Reduction of GHG emissions by 32% compared to the NECB*
  • Reduction of potable water consumption by 35% compared to market standard
  • Providing much needed affordable housing stock

*2015 National Energy Code of Canada for Buildings

Building Certifications(1)

  • Boma Best Logo
    90%
    BOMA BEST certification
  • LEED Logo
    90%
    LEED certified buildings
  • Well Health and Safety Logo
    90%
    WELL certified buildings

(1) This chart is based on total GLA owned by MPCT.UN as of September 30, 2021 representing 566,000 sq. ft. of portfolio including Sussex Centre (owned GLA), 68-70 Claremont St, 76 Stafford St, 10 Lower Spadina, 49 Ontario and 349 Carlaw.

Key Accomplishments

  • Net Zero Asset Managers logo
    As part of the Dream group of companies’ commitment(1), MPCT.UN, is supporting the Net Zero Asset Managers (NZAM) initiative, which is a group of international asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius.
  • Principles for Responsible Investment logo
    As part of the Dream group of companies’ commitment(1), MPCT.UN joined the United Nations Principles for Responsible Investing (UN PRI) initiative, which includes a group of more than 4,300 investment managers and asset owners from nearly 90 countries committed to developing a more sustainable global financial system.
  • Task Force on Climate-Related Financial Disclosures logo
    MPCT.UN is an official supporter of the Task Force for Climate-related Financial Disclosures (TCFD) which provides guidance and recommendations to help companies provide better climate disclosures to support capital allocation. More than 2,300 companies support the TCFD and Dream is one of the first Canadian public real estate companies to become an official supporter.

(1)  While DRM is the official signatory, MPCT.UN will be participating in the reporting to the NZAM initiative and UN PRI as part of the Dream group of companies’ commitment.

Social

Our work at Dream Impact Trust is focused on creating positive social change. Our strong and diverse workforce contributes to the collaborative and innovative work of embedding impact throughout the business. Our people come from a wide range of backgrounds and places, bringing many valuable skills and perspectives to our team.

Tenant Engagement on Sustainable Food at Zibi

Zibi hosts workshops and events centered around Local and Sustainable Food, one of Zibi’s One Planet guiding principles. In 2020, we provided garden boxes in O’s Community Garden enclosure to 100% of interested residents. We also launched our first community garden group. For the upcoming growing season, the community garden group is working to implement a composting station to help enrich the soil throughout the seasons.

As part of our goal to engage residents in education programs to encourage a reduction in consumption of high-carbon foods, we have also implemented a community supported agriculture program with local vendors, including Roots and Shoots Farm. These initiatives provide residents and community members with easily accessible organic, local or fair trade produce.

We believe that the creation of green spaces that facilitate community-building initiatives serve to improve overall quality of life for our residents.

  • In 2020, Zibi offered 14 events exclusively to the community and hosted a total of 24 events on site.
  • 16% of survey respondents participate in CSA programs provided.
  • 100% of residents surveyed claim to know at least 1 neighbour, 78% of which claim to know between 2 and 5 neighbours.

MPCT.UN Employee Gender Breakdown(1)

(1) Includes employees employed by Dream Asset Management Corporation, which includes DRM and MPCT.UN employees. Does not include employees at Dream recreational properties, employees on leaves of absence (e.g., permanent disability, long-term disability, parental leave) and interns.
(2) Includes employees at all levels

Governance

Sustainability at MPCT.UN is overseen and managed by DRM, with whom MPCT.UN co-invests on many of its projects. As part of the ESG Framework, MPCT.UN links ESG performance to executive and employee goals and compensation.

Strong Inaugural GRESB Results

We are proud to share that MPCT.UN achieved a five-star rating achievement in the 2021 Global Real Estate Sustainability Benchmark (GRESB) assessment. MPCT.UN received a score of 90/100, which is one of the best first year scores among GRESB participants, placing it in the top 20% of the global benchmark. The 2021 GRESB real estate assessment covered the reporting period January 1 – December 31, 2020. This score exceeds the GRESB average of 73/100 and is attributed to our ability to collect environmental data for all of our properties and simultaneously achieving strong utility and GHG reductions, as well as our high building certification rate, among other strengths.

Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making and covering US$5.7 trillion of AUM and nearly 117,000 individual assets.

Sustainability at MPCT.UN is managed by the following:

Zibi Boardroom - 30 Adelaide - Toronto, ON
Zibi Boardroom – 30 Adelaide – Toronto, ON

(1)  The Governance, Compensation and Environmental Committee is a committee of board of Directors of Dream Impact Master GP Inc, the operating entity of MPCT.UN

Case Studies

Sustainability Reports