Underground thermal networks key to net-zero emissions goal
CIB helping buildings to improve efficiency, cut GHG emissions
Canadians getting charge out of new electric buses
CIB helping municipalities and school boards to accelerate bus purchases
Outcomes and Key Metrics
COMMUNITY OF CIB:
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 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.
Sustainability
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.
PARTNERSHIPS
- 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
- 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
- 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
- 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
- $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
- $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