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Ground breaks at Ontario’s first net-zero community centre

2 years ago

The City of Toronto has broken ground at the North East Scarborough Community and Child Care Centre, which will be Ontario’s first net-zero emissions community centre. The centre was designed by Perkins&Will architects and is being constructed by Aquicon.

The Toronto Transit Commission (TTC), Canada’s largest public transit system, has ordered up to 565 hybrid-electric buses from New Flyer Industries Canada ULC.

Zygg Mobility Inc. is expanding into its second major Canadian market, with plans to provide 500 of its e-bikes for rent in Vancouver by this spring.

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Plug Power Inc. has signed an agreement with Walmart to supply liquid green hydrogen to fuel up to 9,500 lift trucks across Walmart distribution and fulfillment centres, supporting the retailer’s goal of a zero-emissions future by 2040.

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B.C. has launched the Mass Timber Action Plan and announced $1.2 million in funding for four new mass-timber housing and infrastructure projects. The province’s new mass timber demonstration program projects range from multi-unit homes to mixed-use commercial and industrial buildings.

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Plans to build a sizeable mixed-use commercial tower within Vancouver’s Mount Pleasant Industrial Area are moving forward. The 150-ft-tall, 12-storey mass timber tower will have wholesale industrial uses on the first two floors and 10 floors of office space.

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People who think wood is a building material of convention, best specified for straight columns, beams and flat floor panels aligned in a regular grid are missing the boat on its broad range of possibilities.

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The national building code model offers a good starting point with its tiered framework. However, it’s essential to have all the tiers available and accessible to the building industry through the provinces, Efficiency Canada said in a recent interview.

Energy Profiles

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Voyager Ventures last week announced a $100 million fund focused on early-stage climate tech companies. The size alone is impressive for an inaugural fund, and its backing includes many big names in tech and investing.

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In 17 months as Laurentian Bank of Canada’s chief executive officer, Rania Llewellyn has committed to a work-from-home-first model, cut office space in half, has ruled out lending to oil and gas companies and has focused on diversity.

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Shareholders at Canada’s five largest banks resoundingly rejected an activist campaign asking each lender to hold an annual “say-on-climate” vote, with Toronto-Dominion Bank’s (TD-T) investors the latest to thwart the effort.

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BlackRock announced Thursday that by 2030, at least 75 per cent of its assets managed for its clients will be invested in issuers with science-based targets. Could this commitment from the world’s largest institutional investor lead to lower global emissions?

Anchor Corp

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The humble battery is having a moment, as countries around the world turn their attention to electric vehicles (EVs) to cut carbon emissions from transportation. The key to transitioning from gasoline-powered cars to electric hinges on efficient, long-lasting batteries.

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Some engineering students have figured out how to convert all-terrain vehicles to solar power and hope it will benefit Indigenous and remote communities in Canada’s North. In tests so far, solar batteries have provided up to 90 minutes of power.

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ChargePoint Holdings, Inc. has secured approximately $300 million in funding for the possible expansion of its EV charging network. Based in California, ChargePoint operates the largest online network of independently owned EV charging stations in 14 countries, including Canada.

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With Europe’s heavy dependence on Russian fossil fuels, the continent will be at the forefront of the energy transition, BMO Global Asset Management said in analyzing the conflict from a responsible-investing perspective. This, in turn, could boost clean energy development.

Winnipeg Real Estate Forum

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Environmental, social and governance (ESG) investing has seen a sharp increase in recent years, with 10 per cent of worldwide fund assets currently invested in ESG-labeled funds and ESG assets on track to exceed $50 trillion by 2025.

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The market demands ESG discipline, period. Whether you view ESG as the alpha and the omega, an opportunity for capitalism to atone and course correct, or as a Trojan horse for a woke agenda, this fact is a stubborn one.

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As ESG investing goes mainstream and global investors plough tens of billions of dollars into companies and funds, critics worry that the business of rating companies’ sustainability efforts shifts the focus away from the non-financial values it’s meant to promote.

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As discussion grows about a new climate-focused bill, the focus on what companies are doing — and not doing — to advance climate policy is being scrutinized. While policies matter, experts say more companies need to advocate persistently for bold climate policy.

Industry Events