Supporting energy efficient upgrades in buildings across Canada
Helping building owners cut emissions and energy costs through accessible retrofit financing.
Fast facts
Through a partnership with Scotiabank, the CIB is unlocking low-cost, flexible financing for commercial, industrial, office and multi-residential building owners.
By targeting existing buildings—responsible for 18% of Canada’s emissions—this initiative helps modernize aging infrastructure and saves owners long-term operating costs.
Eligible retrofits include envelope improvements, heating and cooling system upgrades, automation and fuel switching, lighting and electrical system upgrades and the installation of electric vehicle charging infrastructure.
Benefits of the CIB’s involvement
Enabled by the CIB’s partnership, Scotiabank will identify motivated commercial property owners and manage the marketing, origination, underwriting and administration of the loans.
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.
This is the CIB’s second partnership with a Canadian bank under its Building Retrofits Initiative (BRI), creating a model for other banks to support small- and medium-sized building owners in accessing retrofit financing.
Learn more
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