‘Zero Carbon’ Honour For Scotia Plaza Building In Toronto

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Scotia Plaza’s 40 King St. W. becomes Canada’s largest zero carbon certified building. KingSett Capital, on behalf of its Canadian Real Estate Income Fund (CREIF) is pleased to announce that Scotia Plaza’s 40 King St. W. building in Toronto has earned a Zero Carbon Building – Performance v2 Certification from the Canada Green Building Council (CaGBC). (CNW Group/KingSett Capital)

TORONTO: Scotia Plaza’s 40 King St. W.* building in Toronto has earned a Zero Carbon Building – Performance v2 Certification from the Canada Green Building Council (CaGBC), KingSett Capital, on behalf of its Canadian Real Estate Income Fund (CREIF)  announced.

The announcement coincided with the World Environment Day on June 5.

The designation marks an important milestone for owners KingSett Capital, Alberta Investment Management Corporation (AIMCo) and James Richardson & Sons Limited (JSRL) as it is the largest certified Zero Carbon Building in Canada at more than 1.5 million square feet.

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.

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.

“We congratulate KingSett Capital on achieving Zero Carbon Building – Performance v2 certification, making Scotia Plaza’s 40 King St. W. both the largest ZCB-certified building yet and the very first under the newly updated Standard,” said Thomas Mueller, President and CEO of Canada Green Building Council.

Jon Love, CEO KingSett Capital, said: “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.”

Scotia Plaza’s 40 King St. W. has a Transition Plan in place to remove all carbon-intensive mechanical system over the next 18 months.

The building is going beyond the Zero Carbon Building – Performance v2 certification’s latest zero carbon balance requirements by also offsetting its emissions from waste-to-landfill generated onsite using Gold Standard certified carbon offsets.

The building has also achieved the largest Fitwel certification in Canada for a Multi-Tenant Base Building. Developed by the CDC, this world-leading certification system promotes occupant health and wellbeing across seven health impact categories by incorporating evidence-based design and policy strategies to support physical, mental and social health within the space.

 Other environmental certifications include LEED Platinum and WiredScore Certified: Gold.

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