Bentall Kennedy's property management team launch innovative recycling program to keep one million pounds of food waste out of landfills by 2020
TORONTO (November 29, 2017) - Bentall Kennedy is breaking new ground and closing the loop on food waste through an innovative technology partnership with Hop Compost and Waste Solutions Canada that will divert almost 1,000,000 pounds of food waste from landfills by 2020. Starting in 2018, Bentall Kennedy will roll out the organics collection service to 18 of its properties in the Greater Toronto Area. This new technology converts food waste into soil to be re-purposed for landscaping at participating properties.
"Bentall Kennedy is the first property management company in Ontario to engage with Hop Compost for this type of organics program, which is really exciting for us," said Michelle Brown, Vice President, Property Management for Bentall Kennedy. "We are taking a new approach and looking beyond "business as usual" solutions in the waste management industry."
Hop uses patented technology to develop Canada's first inner-city compost facilities, where this waste is converted into nutrient-rich organic compost.
"Hop's technology will eliminate up to 85 per cent of the hauling to save food waste in Toronto. Finished compost will be produced in just 11 days, free of methane and odour, enabling a new era of efficiency in our local food system," said Kevin Davies, Hop Compost's founder and CEO.
Bentall Kennedy's work with Hop Compost began through its partnership with Waste Solutions Canada, a national management firm in the waste and recycling industry. As an unbiased third-party, the company leverages buying power, innovative technology, and national resources to deliver credible data, cost reduction solutions and improved environmental stewardship.
"Waste Solutions Canada is positioned at the forefront of the Canadian waste management industry that is evolving and ready for invigoration," said Jason Wilcox, managing partner of Waste Solutions Canada. "We are very pleased to be partnered with Bentall Kennedy and Hop Compost and, by delivering innovative technology and improved efficiency, we are aligned on driving environmental stewardship, maximizing diversion, and contributing to greater sustainability."
About Bentall Kennedy
Bentall Kennedy, a Sun Life Investment Management company, is one of the largest global real estate investment advisors and one of North America's foremost providers of real estate services. Bentall Kennedy serves the interests of more than 550 institutional clients with expertise in office, retail, industrial and multi-residential assets throughout Canada and the U.S. Bentall Kennedy's Investment Management group has approximately $46 billion (CAD)/$37 billion (USD) of assets under management (as of September 30, 2017). Bentall Kennedy is one of the largest real estate services providers in Canada, managing 60 million square feet on behalf of third-party and investment management clients (as of September 30, 2017). Bentall Kennedy is a member of UN PRI and a recognized Responsible Property Investing leader ranked among the top firms around the globe in the Global Real Estate Sustainability Benchmark (GRESB) for the seventh consecutive year since GRESB was launched.
Bentall Kennedy includes Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) Limited Partnership and the real estate and commercial mortgage investment groups of certain of their affiliates, all of which comprise a team of real estate professionals spanning multiple legal entities. The assets under management shown above include real estate equity and mortgage investments of the companies within Bentall Kennedy.
For more information, visit www.bentallkennedy.com.
About Hop Compost
Hop uses patented technology to develop Canada's first inner-city compost facilities in Calgary and Vancouver. The company uses its facilities to operate high-efficiency urban waste collections, and has now saved more than 10 million pounds of food waste from landfill. Hop's technology converts this waste into Canada's most nutrient-rich organic compost, boosting crop yields for local organic growers. Hop was recognized by Fast Company in the 2017 World Changing Ideas Awards and, most recently, became a laureate of the Manning Innovation Awards, Canada's top distinction for innovation.
For more information, visit http://www.hopcompost.com.
About Waste Solutions Canada
Waste Solutions Canada is a leading national management firm in the waste and recycling industry. As an unbiased third-party, it leverages buying power, innovative technology, and national resources to deliver credible data, cost reduction solutions, and improved environmental stewardship. It has more than 200 years of combined experience in the Canadian waste and recycling industry, with a presence from coast to coast.
For more information, visit http://wastecanada.com.
Vice President, Corporate Communications
Bentall Kennedy Group