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Sustainable investing

Building on over a decade of leadership, BGO’s sustainable investing approach is directly tied to our investment strategies and designed to match a range of client and investor risk and return expectations.

Our approach to sustainable investing



Download our 2023 report

Download our 2022 climate report

As a fiduciary, we approach sustainable investing from both a risk mitigation and a value creation perspective to help enhance the long-term financial and operational resiliency of the asset.


Our commitments

  • BGO is a signatory to the Net Zero Asset Managers’ (NZAM) initiative, pledging to support the goal of net zero emissions by 2050. By joining this initiative, we will work in partnership with clients on meeting their decarbonization goals1
  • In 2021, BGO set a goal that two-thirds of new hires at the firm globally would identify as belonging to an underrepresented group in our industry. For the past two years, we have surpassed this goal

Leadership in ESG


Top rankings in GRESB, the global real estate ESG benchmark, for 12 consecutive years | In 2022, 3 strategies achieved 5 Stars ("Industry Leaders") | 2 strategies achieved 4 Stars


5-Star Rating in PRI’s Investment Stewardship & Policy and Direct – Real Estate Modules | Received 90% in the Investment Stewardship & Policy Module and 95% in the Real Estate Module | Signatory to PRI since 2008


ENERGY STAR Partner of the Year Sustained Excellence for 13 consecutive years for leadership in energy management

Fitwel Champion5

Participate as a member of the Fitwel Leadership Advisory Board (LAB) and a Fitwel Champion, supporting the healthy building movement


Real Estate Investment Management ESG Award in the open-ended fund strategy was awarded to our Canadian core strategy

BGO has committed to seven industry initiatives aimed at enhancing equity, diversity and inclusion. As part of our commitments, we have set targets, including that 66% of new hires identify as an underrepresented group and achieving gender parity by 2030.7

ESG Highlights8

ESG Highlights8

  • 15% decrease in GHG intensity (tCO2e/m2) of Scope 3, Category 15 emissions (market-based) from our 2019 baseline9
  • 85% of our North American leased space has at least one building certification10
  • Savings from avoided utility costs from 2019 to 2022: +$12M USD11
  • 15 Fitwel- certificates across our North American portfolio
  • BGO has committed to seven industry initiatives7 aimed at enhancing equity, diversity and inclusion. As part of our commitments, we have set targets, including that 66% of new hires identify as an underrepresented group and achieving gender parity by 2030. Women represented 25% of managing directors and above in 2022, nearing our target of 30% by 2030



Climate resiliency

We assess and mitigate climate risks at both property and portfolio levels to help future-proof our portfolios and help drive long-term returns for our clients and investors. We address physical and transition-related climate risks and opportunities throughout the life cycle of an asset.

To learn more about our approach to managing climate-related risks and opportunities, please see our 2022 Climate Report.


Driving environmental performance improvements

Our experience tells us that improving operational efficiency can help lower costs and enhance long-term value. We rely on conscientious stakeholder engagement combined with sound data management practices to help reduce energy, water consumption and waste, and lower GHG emissions.


Equity, Diversity, and Inclusion (EDI)

Our vision is to create an environment in which all employees feel valued, included and empowered to do their best work is critical to our success. BGO rolled out a three-year strategic plan with four pillars that serve as our foundation for organizational diversity:

  • ATTRACT: Bringing diverse talent into BGO
  • RETAIN: Recognizing and keeping our diverse talent
  • CULTIVATE: Developing our diverse talent
  • COMMUNICATE: Telling our DEI story internally and externally

Learn about how we our attracting diverse talent with our Built to Lead program



Community Engagement

We work together with investors, tenants and other stakeholders to create thriving communities. Through our philanthropic mission, BGO Inspired, we are using our influence to make a difference. Learn more about BGO Inspired here.

Our 2022 impact

Total BGO Donations: $800,000 (USD)

Number of Charities Supported: 166



Tenant Engagement

We strive to establish long-term relationships with our tenants, which supports our objective to provide a high level of customer service while creating healthy environments for both tenants and building occupants. We regularly communicate with our tenants to help them understand the value of sustainable building attributes and collaborate with this group to achieve our goals for sustainable property operations.





At BGO, we foster a culture of respect, integrity, fairness and safety. Our Code of Business Conduct (Code) is our beacon; it helps us implement strong governance practices across our business. 

Our commitment to sustainable investing is established in our corporate vision and values, and incorporated into our strategic plan, which is reviewed, approved and monitored annually by the Board and senior leadership. Learn more about our Governance structure in our ESG report.

Insights and stories



Net zero industrial building in Milton, Ontario

At a new development site located in Milton, one of the Greater Toronto Area’s strategic industrial zones, one of the four buildings will be net zero while the remaining three buildings will be “net zero ready”. The net zero building will be completely electric, have a 500 kW rooftop solar array, and is positioned to achieve the Canadian Green Building Council’s Zero Carbon Building – Design Standard v3 certification.



From printing press to life sciences: reducing embodied carbon

In 2021, BGO acquired its third site as part of the programmatic joint venture with Mission Street. BGO plans to redevelop and expand the 5,537-square-foot site – previously a printing press – to support the emerging R&D and Deep Tech ecosystem in Cambridge by designing and building fitted lab and high-specification office space to BREEAM Excellent-rated qualities.

Phase 1 of the redevelopment will focus on the transformation of the original printing press to provide fitted lab and workspace of the highest quality, in a one-of-a-kind building. The asset has been designed to prioritize the reuse of building materials for a 75% reduction in embodied carbon compared to a notional new build, while improving energy efficiency from EPC E to EPC B. The asset will be fossil fuel free and use air-sourced heat pump technology with a heat-recovery system for heating and cooling services. Improved planting/landscaping on site is expected to result in a 10% biodiversity net gain. Anticipated completion of the project is 2024.



Real-time energy management systems driving energy savings

Enertiv, a digital energy management system, has been operational since 2020 in one of our office properties located in downtown Manhattan. Enertiv continuously analyzes building data to identify building automation system optimizations, predict equipment failures, and alert building engineers to no-cost system modification and peak demand reduction to save energy and cost. To date, Enertiv has achieved over 8% annually in energy savings, decreased energy-use demand by 29% between 2020 and 2022, and increased the building’s ENERGY STAR score by 15 points from 2020 to 2022.