Retrofits to optimize energy performance and reduce carbon footprints
Fast facts
Our $50 million investment commitment with Efficiency Capital will provide building owners with access to technical and financial resources to develop and implement retrofits which will optimize energy performance and reduce their properties’ carbon footprint, without requiring upfront investment or internal resources.
The project aligns with the CIB’s Commercial Building Retrofits Initiative (CBRI) in targeting a minimum GHG emissions reduction of 30 per cent across the portfolio of buildings.
Benefits of CIB Involvement
Our team works with large private sector real estate owners and retrofit aggregators on customized plans to modernize and improve the energy efficiency of existing buildings. We are transforming the retrofits market by leading the way for private financing.
Our investment will help finance upfront capital costs of retrofits, which will be repaid through the sharing of energy savings over a period of several years. Once the repayment is complete, companies benefit from 100% of the long-term savings achieved through the retrofits.
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