Sustainability as a Guide to Better Asset Management Decisions

Robert SiddallCFOWaterfront TorontoNovember 19, 2008

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Waterfront Toronto’s Sustainability Mandate

• To develop world leading social, cultural, environmental, and economically sustainable communities.

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Waterfront Toronto’s Design Excellence Mandate

• To build a waterfront characterized by high quality design and culture that positively contributes to how Toronto is perceived by its citizens and the world.

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Waterfront Toronto’s Economic Sustainability Mandate• To promote employment growth for the

waterfront, particularly in new media and other knowledge based industries.

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Waterfront Toronto’s Fiscal Sustainability Mandate

• To optimize public sector investment by attracting and leveraging private sector development in order to increase the value of the waterfront.

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Waterfront Toronto’s Public Consultation Mandate• To be a trusted public steward by actively involving

community and other stakeholders in all major revitalization activities

• To create a waterfront that is inviting and accessible to both citizens and visitors to Toronto, for living, working, and playing, for all age groups, family sizes and income levels.

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Waterfront Toronto’s Management FrameworkPurpose: achieve sustainable community outcomes through an integrated performance management system by:

• influencing planning, design and construction activities for a triple bottom line• identifying risks and establishing project priorities • knitting corporate functions into a sustainability framework to measure and manage performance• increasing internal understanding on how decisions and activities impact corporate objectives• monitoring and reporting on individual/corporate performance• enhancing public accountability and corporate transparency• establishing role as sustainability steward and waterfront catalyst

Asset Management Tools

• Knowledge-Best Practices• Innovation – What’s Coming• Money – Pay Now / Later• Teamwork / Partners

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Design Excellence – Does Not Mean Higher Cost

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Incorporating Existing Conditions

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Upfront Decisions Impact Life Cycle Costs

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Sustainability Options – Effective Use of Materials

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Sustainability Options – Design Options

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• Park Pavilion

- UV Disinfection facility- Washrooms/café

• Storm water from East Bayfront and

• Lake water is pumped to the UV

• facility

Sustainability Options – Innovation Opportunities

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