zero carbon building

Scotia Plaza marks zero carbon building milestone

Friday, June 5, 2020

Scotia Plaza’s 40 King St. West building in Toronto has earned a Zero Carbon Building – Performance v2 Certification from the Canada Green Building Council (CaGBC).

As the largest certified zero carbon building in Canada at more than 1.5 million square feet, the designation marks an important milestone for owners KingSett Capital, Alberta Investment Management Corporation (AIMCo) and James Richardson & Sons Limited (JSRL).

Scotia Plaza’s 40 King St. W. zero carbon achievement is a result of teamwork and partnership between the building’s owners KingSett Capital, AIMCo and JRSL, the property management team of BentallGreenOak and lead tenant Scotiabank.

“This would not have been possible without the collaboration and ongoing efforts of the owners, property management team, customers and employees,” said Jon Love, CEO of KingSett Capital. We continue to create value and drive change through our commitment to reducing the carbon emissions of our properties.”

Canada Green Building Council President and CEO Thomas Mueller announced the ZCB-certified building is also the first under the newly updated standard,

“KingSett’s achievement validates that zero carbon buildings – whether new builds or retrofits – are both technically and financially feasible for owners willing to innovate and invest in a low carbon future for Canada,” he said.

 

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