New report shows practical benefits of ESG priorities

A recently released report by Deloitte shows that a profound change has happened in recent years in the way Canadian companies are prioritizing their impact on climate and social policies.

The 2024 Sustainability Action Report shows that standards set by global regulatory bodies are being considered as part of business’s risk strategies. The report also found that executives are seeing the benefits of better understanding environmental, social and governance risks and impacts.

Embracing ESG improves brand reputation as well as talent attraction and helps build trust with the companies stakeholders, the report says.

Input sought on Uptown’s future as a transit hub

How will you be affected by plans to transform the Uptown neighbourhood through transit-oriented development? Find out and have your say as the first round of public engagement for the area is underway and will continue until Sept. 18.

Your feedback will help set the vision for the area, including a potential transit exchange connected to proposed new homes next to the Lochside and Galloping Goose regional trails. With connections to downtown Victoria, Gordon Head, the West Shore and the Saanich Peninsula, Uptown will become a hub for active transportation and transit in the region.

BC Transit supports developments built close to transit hubs and corridors as more people will see public transit as a viable and accessible option and can live and work without complete reliance on vehicles,” BC Transit CEO Erinn Pinkerton said. “A transit exchange in this location would support improved regional connectivity, future increases in transit service levels, more direct bus routing and reliable, faster transit service.”

A -specific timeline for development will be available after preliminary planning work is completed.

“The District of Saanich welcomes this opportunity for people to provide feedback on this proposed development from the Province and BC Transit — a project that will help us implement our exciting vision for the Uptown-Douglas area,” Saanich Mayor Dean Murdock said. “We look forward to integrating housing, public transportation, convenient amenities and vibrant public spaces into what could become the heart or downtown of Saanich.”

Old Man Lake wildfire near Sooke finally contained

The wildfire near the District of Sooke that has been spreading smoky skies across the South Island is now officially categorized as contained.

Thanks to recent wet weather and the determined efforts of firefighters, the blaze is not expected to grow beyond its 230-hectare size. The fire was reported on July 22.

However, as crews continue to work on the blaze, Capital Regional District Parks and trails in the area, including the Sooke Potholes, remain closed.

“This is welcome news for people in Sooke,” Chamber CEO Bruce Williams said. “The fire discouraged people from going to that area, and you can imagine that has added to the difficulties facing businesses there. I encourage everyone to make an effort to get out and support those who experienced a drop in business due to the fires when it’s safe to do so.”

Province-wide plastics prohibition formally phased in

An initiative that was adopted early by Greater Victoria businesses is now in effect across the province. As of July 15, plastic shopping bags and single-use products are no longer allowed to be offered to customers anywhere in BC.

The province estimates that British Columbians threw out more than 340,000 tonnes of plastic items and packaging in 2019, equal to more than 65 kilograms of plastic waste per person.

Rebates aim to encourage solar power adoption

BC Hydro has announced new rebates for the installation of rooftop solar and battery-storage systems. The rebates could save homeowners as much as $10,000. The Crown corporation generates energy for 95% of British Columbians.

The Chamber supports Climate Action Leadership, such as the work being done to transition the province to sustainable power sources.

BC Hydro is also planning rebates of up to $150,000 for businesses, local governments and others. More details on that plan will be available later this month.

Currently, 98% of the power generated for BC’s integrated grid comes from clean or renewable resources.

Fund helps municipalities cope with changing climate

On Monday, the federal government announced $530 million to help Canadian municipalities adapt to the changing climate. The money will help cities and towns prepare for flooding, heat domes and other impacts on residents and infrastruture caused by weather events.

The Federation of Canadian Municipalities will administer the fund, which is a fraction of the $10 billion the FCM estimated is needed.

“In all, there are three funding streams that will provide substantial support for municipalities to carry out climate adaptation projects. In addition to support for climate adaptation planning, municipalities can apply for up to $1 million for implementation projects and up to $70,000 for feasibility studies,” the media release said. “Municipalities that have completed climate adaptation plans and/or risk assessments are eligible to apply. The deadline for applications is Aug. 14, 2024.”