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TST’s President and CEO, Benoit Beauchamp, answers your frequently asked questions :

Why should I budget for my environmental initiatives?

Setting environmental targets is an essential part of your green transition, but it also requires a certain level of investment. Good budget planning is key to the success of environmental initiatives and the achievement of ESG objectives.

In which financial statements should I include budgeting for my business’s environmental initiatives?

For existing assets, you’ll need to include the costs of environmental audits and certifications as specific items in your operating budget. The costs of replacing or installing equipment that will optimize your performance should be included in five-year capital expenditure plans (Capex). For new buildings, budgets associated with certifications such as LEED and WELL, energy optimization and commissioning should be included in the first version of the development pro forma.

Is financial support available?

The support programs for environmental initiatives offered by Hydro-Québec, Energir and Transition énergétique Québec help accelerate returns on investment while reducing your operating costs by implementing effective measures. TST can help you plan your budgets in line with the costs, benefits and subsidies associated with your environmental initiatives.