TORONTO — KingSett Capital has announced that Scotia Plaza’s 40 King St. W. building in Toronto has earned Zero Carbon Building (ZCB) Performance v2 certification from the Canada Green Building Council.
The building becomes the largest certified zero carbon building in Canada at more than 1.5 million square feet, stated a June 5 release.
KingSett made the announcement on behalf of the Canadian Real Estate Income Fund. The other property owners besides KingSett are Alberta Investment Management Corporation and James Richardson and Sons Limited. The lead tenant is Scotiabank and the property manager is BentallGreenOak.
The owners have a transition plan to remove all carbon-intensive mechanical systems over the next 18 months. The release notes they are going beyond the latest ZCB balance requirements by also offsetting the building’s emissions from waste-to-landfill generated onsite using Gold Standard certified carbon offsets.
The building has also achieved the Fitwel certification in Canada for a Multi-Tenant Base Building. The Fitwel certification system promotes occupant health and well-being across seven health impact categories by incorporating design and policy strategies to support physical, mental and social health within the space.
Other environmental certifications achieved by the building include LEED Platinum and WiredScore Certified: Gold.
Commented KingSett CEO Jon Love, “This would not have been possible without the collaboration and ongoing efforts of the owners, property management team, customers and employees. We continue to create value and drive change through our commitment to reducing the carbon emissions of our properties.”
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