University of Toronto Retrofits

Sector(s)
Green Infrastructure
Location(s)
Toronto, Ontario
Participation
Up to $56 million
Partner(s)
University of Toronto

Deep energy retrofits at University of Toronto’s St. George Campus

Sustainable, energy efficient retrofits to help green University of Toronto’s St. George Campus

Fast facts

Reduce carbon dioxide equivalent emissions by 50% or 45,723 metric tonnes/year
Renew aged utility infrastructure to ensure future performance
Mitigating environmental impacts of Campus developments

We are investing in energy efficient retrofits at U of T’s St. George Campus in downtown Toronto.

U of T has aging infrastructure, including a 120-year-old district energy system. The St. George Campus is expected to double in size by 2050. The university needs to responsibly manage the growth of its campus to mitigate the environmental impacts of more space and activity.

Renewing its existing and aged utility infrastructure will ensure future performance and build resilient low carbon systems.

The projects financed through the CIB’s investment will contribute to effective energy reductions.

Benefits of CIB Involvement

This is the second investment under our Building Retrofits Initiative which seeks to achieve significant energy savings from infrastructure owned and/or managed by the public sector.

Our financing was required to bridge the project’s commercial and economic gap which allowed it to move forward. Our intent is to be repaid over the term of the contract, not the life of assets and repayment would be made through energy cost savings.

Learn more

University of Toronto

The University of Toronto is a global leader in addressing the urgent challenge of climate change. Our Climate Positive plan will transform the energy sources on our Campuses to ensure we can deliver on our mission of excellence in research and learning for generations to come. We are grateful to the CIB for recognizing and supporting our commitment to Canada’s net-zero targets and to harnessing the innovation of cleantech startups on our Campuses and beyond.

Meric Gertler, President
University of Toronto

U of T is an engine of economic growth and prosperity for its region and for Canada. The demand for university space that supports teaching, advanced research, collaboration with industry, and startups to scale continues to grow. The CIB’s commitment to the university’s deep energy retrofit projects will assist U of T to meet this demand while reducing our carbon footprint and helping build a green economy.

Scott Mabury, Vice-President, Operations and Real Estate Partnerships & Vice-Provost, Academic Operations