2025-2029 Surrey Financial Plan

STRATEGIC FRAMEWORK

In partnership with a broad range of community stakeholders, the City has made considerable progress in reducing GHG emissions and improving resiliency to climate change impacts. Here are a few examples of measurable progress made during the past few years: • Surrey’s award-winning Coastal Flood Adaptation Strategy (“CFAS”) is in its fifth year of implementation. With a Government of Canada investment of over $76 million through the Disaster Mitigation and Adaptation Fund (“DMAF”), Surrey is delivering 13 projects valued at $187 million for large-scale infrastructure and innovative nature-based solutions to address pressing concerns and preparing for impacts associated with a changing climate. These projects will advance many CFAS actions between 2019 and 2028. Completed projects include the King George Boulevard Nicomekl Bridge and Southern Railway Serpentine Bridge. Ongoing initiatives include the Nicomekl River Sea Dam replacement, a living dyke, and the design of the 30-hectare Nicomekl Riverfront Park; • The City continues to build on the Biodiversity Conservation Strategy (“BCS”), endorsed in 2014, which aims to preserve, protect, and enhance Surrey’s biodiversity in the long-term. A key initiative is the Green Infrastructure Network (“GIN”) consisting of biodiversity hubs and corridors of connected greenspace, and restored and existing natural areas on private and public land. Since the GIN was established in 2014, 4,289 acres have been dedicated or acquired by the City as parkland. With another 1,129 acres already in regional parkland, 55% of the GIN’s 9,794 acres have been protected as of 2022; • Completed in 2023, the Urban Forest Management Strategy will strengthen Surrey’s efforts in protecting, enhancing, and growing the urban forest. The Strategy is guided by three broad goals that inform more focused objectives and management actions. The actions are intended to halt the Citywide decline in tree canopy cover and to support the achievement of a 30% canopy cover target by 2038; This includes developing and tracking clear targets and measures for the different focus areas of the CCAS and reporting out publicly each year. Progress is shared with the public through an online Climate Action Tracker (climateactiontracker.surrey.ca). As part of public reporting, we are also intending to report on our climate risks and key strategies in the future financial plans, following the recommendations of the Task Force for Climate-Related Financial Disclosures. CLIMATE ACTION —WHAT’S BEEN ACCOMPLISHED

City of Surrey | 2025—2029 Financial Plan | Executive Overview

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