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L TO R: Ehren Cory CEO, Canada Infrastructure Bank, Carole Saab, CEO, Federation of Canadian Municipalities
GREEN INFRASTRUCTURE Avenue Living Energy Retrofits

IN CONVERSATION WITH CAROLE SAAB, CEO, Federation of Canadian Municipalities

Outcomes and Key Metrics

3.7 Mt
Annual GHGs Reduced
Daily Transit Riders
Homes Connected to Broadband
4,384 to 4,884
ZEBs Financed
Indigenous Communities Benefitting
Annual Agricultural Value Added

Charging and Hydrogen Refuelling Infrastructure Initiative

$500M to accelerating new investment in zero-emission vehicle infrastructure across Canada

FOCUS ON: Building Retrofits

CIB tackling large source of GHG emissions with building retrofits program


Ontario Power Generation Nuclear plant
  • Clean Power

Darlington Small Modular Reactor

  • Once built, the SMR will reduce carbon emissions by an average of 740 kilotonnes annually between 2029 and 2050
  • Project will spearhead other Canadian SMR projects being considered in Saskatchewan, New Brunswick and Alberta
The front of the Royal York Hotel in Toronto
  • Green Infrastructure

Fairmont Royal York Hotel Retrofits

  • Greater energy efficiency by electrifying the hotel’s energy sources and eliminating its reliance on the current steam-based systems
  • Significant reduction in carbon emissions, with the aim of reducing the hotel’s emissions by more than 80 per cent
  • To date, the CIB has committed more than $800 million toward building energy retrofits
A rendering of the Modern Niagara building in Kingston, ON
  • Green Infrastructure

Modern Niagara Retrofits

  • Reduce carbon emissions by more than 80 per cent or approximately 2,000 tonnes annually
  • Replace aged operating and heating systems for greater energy efficiency
  • Transform the commercial space into a leading energy efficient and sustainable innovation hub
The interior of the Lulu Island Direct Energy facility in Richmond, BC
  • Clean Power

Lulu Island District Energy

  • Create a long-term reliable, efficient and cost-effective energy distribution network
  • Expect to help reduce GHGs emissions by an average of 34,000 tonnes / year
  • Provides residents with a reliable energy source


Sabaah Choudhary

Meet Sabaah, Manager, Corporate Planning and Reporting at the Canada Infrastructure Bank. Sabaah supports the team in developing quarterly financial reports and annual reports, which evaluate how we track our corporate goals and relays our strategic vision. Her work requires a healthy mix of creativity, determination and leadership.

But there is a particular file which she is most passionate about and occupies most of Sabaah’s time – our first-ever Sustainability and Impact Update.

Working on this project combines her passion for sustainable finance and strategy. As a tool for accountability and transparency, the Sustainability and Impact Update will outline how we are investing in a greener and brighter future for Canadians. It will detail how we are maximizing our impact and positive outcomes and will strive even further to become a leader in sustainability.

While working at a nimble and future-focused organization, Sabaah finds she can bring her entrepreneurial spirit and collaborative nature to the table. With every meeting, she tries to see outside the status quo to strive for better.

Sabaah’s passion for the environment can also be found in how she spends her free time – getting outside and into nature. To support her physical and mental health, Sabaah will always choose to travel by foot when given the choice.

L TO R: Lisa Raitt, Vice Chair and Managing Director, Global Investment Banking, CIBC, Ehren Cory, CEO at CIB, Jon Love, CEO at KingSett
L TO R: Ehren Cory, CEO at CIB, Lisa Raitt, Vice Chair and Managing Director, Global Investment Banking, CIBC

ENGAGEMENT: Lisa Raitt with Ehren Cory at The Canadian Club