CIB Supports KingSett’s Net-Zero Building Transition With $47 Million Investment
The Canada Infrastructure Bank (“CIB”) is supporting KingSett Capital’s efforts to accelerate the reduction of greenhouse gas emissions in buildings across Toronto and Vancouver with a $47 million loan. This funding will enable green retrofits in commercial properties within KingSett’s portfolio.
Through this collaboration, KingSett will deliver large-scale energy efficiency and decarbonization upgrades, while also enhancing its ability to pursue further carbon reduction measures. These efforts are a key part of KingSett’s Sustainable Investing Strategy, which includes science-based targets to reduce carbon emissions by 35% by 2027 and 67% by 2035 from our 2019 baseline. CIB’s investment represents a meaningful step toward achieving those goals.
“Our $47 million investment with KingSett Capital is an example of how we can work with the private sector to prioritize and accelerate the decarbonization of buildings across the country.” Ehren Cory, Chief Executive Officer, Canada Infrastructure Bank.
