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OECD Secretary-General Mathias Cormann at the Environment Policy Committee (EPOC) Ministerial Meeting
OECD Secretary-General Mathias Cormann with US Secretary of State Antony Blinken, at the OECD
OECD Secretary-General Mathias Cormann
OECD Secretary-General Mathias Cormann and Ukrainian Prime Minister Denys Shmyhal at the OECD.
Secretary-General Mathias Cormann and Romanian Prime Minister Nicolae Ciucă at the OECD.


Lisa Raitt, CIBC Vice-Chair Global Investment Bank, Markham Mayor Frank Scarpitti, Markham District Energy CEO Bruce Ander and CIB Chief Executive Officer Ehren Cory.
Markham District Energy’s facility delivers energy to buildings in the form of hot water and chilled water to heat and cool building space.

Underground thermal networks key to net-zero emissions goal

CIB helping buildings to improve efficiency, cut GHG emissions

[Left to right] Sharon Fleming, Director of Calgary Transit, Jyoti Gondek, Mayor of Calgary and Ehren Cory, CEO of the Canada Infrastructure Bank.

Canadians getting charge out of new electric buses

CIB helping municipalities and school boards to accelerate bus purchases

Outcomes and Key Metrics

4.5 Mt
Annual GHGs Reduced
Daily Transit Riders
Homes Connected to Broadband
ZEBs Financed
Indigenous Communities Benefitting
Annual Agricultural Value Added


Meet Max Graham

Meet Max, Chief Performance Officer at Avenue Living. In my role at Avenue Living, an owner and operator of residential properties primarily located in western Canada’s prairie provinces, I work on improving building efficiency and optimizing resident experience through projects such as building retrofits.

The CIB, and its proven experience in enabling large-scale building retrofits, was the natural partner to help us advance upgrades to our low-rise, multi-family rental apartments. We worked closely with the CIB team to develop an investment plan that would result in positive outcomes for both the residents of our buildings and the environment.

Through this partnership, the CIB has committed $120 million towards retrofitting 132 buildings in Avenue Living’s portfolio across Alberta and Saskatchewan. The result? Better energy efficiency and environmental sustainability at over 6,700 residences. These projects include the installation of on-site power generation, bringing new low-carbon heating and cooling systems online and introducing smart technologies and water management systems to reduce utility costs for renters.

I’m proud of what we will accomplish with the help of the CIB, modernizing more buildings, and in turn, improving the day-to-day experiences of approximately 10,000 residents.


The Canada Infrastructure Bank (CIB) is contributing to Canada’s transition to a low-carbon economy by investing in infrastructure projects that achieve positive sustainable outcomes for Canadians.

In our recently released “Sustainability and Impact at the CIB” publication, we share details of our efforts including the impacts we are achieving and how we are advancing our commitment to net zero by 2050.

Since establishing operations in 2018, the CIB has closed on investments that will generate a more than 4.5 million MT reduction in GHGs, a number that continues to grow.

The 61-page document outlines the CIB’s sustainable investment initiatives such as our Building Retrofits Initiative, Zero-Emissions Bus (ZEB) Initiative, Indigenous Infrastructure and the Charging and Hydrogen Refuelling Infrastructure Initiative.

Investments in Dream Retrofits, Manitoba Fibre, Tshiuetin Railway and Montreal’s automated light rail network Réseau express métropolitan (REM) are highlighted. The report is available here.


Lisa Raitt, Vice-Chair of Global Investment Banking at CIBC; Frank Scarpitti, Mayor of Markham; Bruce Ander, President and CEO at Markham District Energy; and Ehren Cory, CEO of the CIB
  • Clean Power

Markham District Energy

  • Reduce 33,700 tonnes of greenhouse gas emissions annually
  • Create a long-term reliable, efficient and cost-effective energy network
  • Reduce facility owners’ operating costs
Construction site of Port Stalashen Wastewater Treatment Plant
  • Indigenous Infrastructure


  • Collaboration on new certification program
  • Develop a project financing certification program that will strengthen the capacity of Indigenous peoples and communities to structure and manage large infrastructure projects
  • The new certification program will empower Indigenous communities to better understand project financing for large infrastructure projects and provide participants with more confidence to work with external consultants
  • The program developed by AFOA Canada (formerly known as Aboriginal Financial Officers Association) in partnership with the CIB and TD Bank Group will include modules on risk management, project financing, contracting and asset maintenance
A construction site; in the foreground is a cement truck and a pump truck; several workers are on the site.
  • Green Infrastructure
  • Indigenous Infrastructure

Port Stalashen Wastewater Treatment Plant

  • Fully Indigenous-owned and operated
  • Enable economic growth, protects the coastal environment and safeguards public health
  • Additional capacity to connect more buildings and residents to treatment plant
The Dream Properties building at 36 Toronto Street, planned for retrofits
  • Green Infrastructure


  • $136.6 million investment to retrofit 19 Dream properties across Ontario and Saskatchewan
  • This project has received the first Investor Ready Energy Efficiency (IREE) certification from The Green Building Council
  • This certification, required for all CIB retrofit projects, will help to enhance investor confidence by providing third-party verification that projects meet desired energy targets
  • By requiring IREE certification, the CIB is encouraging a standardized process of developing and financing projects and helping to establish energy retrofit investments as a distinct asset class
Andrée-Lise Méthot, Michael Bernstein

Government of Canada announces appointments to the Canada Infrastructure Bank’s Board of Directors