Teranet, Morningstar Sustainalytics team up

BIZ  ESG  •  Investment  •  Toronto / GTA

As part of its strategy to expand its climate risk assessment capabilities, Toronto-based Teranet Inc. is partnering with Morningstar Sustainalytics, a leader in the field of ESG research, ratings and data collection.

Intelligent City raises $22M for sustainable prefab homes

BIZ  Real Estate  •  Investment  •  National, British Columbia

Intelligent City Inc., has raised $22 million in Series A funding to advance its ambitions of an environmentally and socially sustainable housing industry using automation to build prefabricated, mass-timber structures.

SOFIAC to bring $185M retrofit program across Canada

BIZ  Real Estate  •  Investment  •  National, Quebec

A Quebec-based energy efficiency program named SOFIAC is expanding access across Canada, opening up $185 million in capital for low-carbon commercial, industrial and multiresidential building retrofits.

U of T receives CIB funding for deep energy retrofits

BIZ  ESG  •  Infrastructure, Investment  •  Toronto / GTA

The University of Toronto will receive up to $56 million from the Canada Infrastructure Bank to be applied to several deep energy retrofits at the university’s downtown St. George campus.

CEO predicts federal subsidy will boost EV demand

Transportation  •  Financial Post

Lion Electric Co. CEO Marc Bédard predicted a new federal incentive would boost demand for his company’s battery-powered trucks, some of which are now essentially the same price as diesel rigs.

Sponsored by CREW Vancouver CREW Vancouver’s 2022 Leadership Awards: nominate now!

Do you know someone who goes above and beyond to raise up female leaders in the commercial real estate industry? Help shine a light on someone amazing by nominating them for a CREW Vancouver Leadership Award!

Rivian delivers thousands of EVs to Amazon

Transportation  •  Environmental Leader

Amazon has begun the rollout of Rivian electric delivery vehicles across the U.S. Amazon and Rivian plan to bring thousands of custom electric delivery vehicles to more than 100 cities by the end of this year, and 100,000 across the U.S. by 2030.

Hydrogen cars are revving to go, but mind the gaps

Transportation  •  Financial Post

The risk-taking CEO of GeaZone Strategic Ecopreneur Group Inc. is betting on hydrogen fuel cell cars to speed ahead in the race for cleaner vehicles. But obstacles from costs, charging stations and doubt over infrastructure remain.

PepsiCo issues $1.25B waste-focused green bond

Waste  •  Environmental Leader

PepsiCo has closed on a $1.25 billion, 10-year green bond that the company will use toward decarbonization of its operations, plastic waste reduction, regenerative agriculture and pursuing net-positive water impact.

Startups seek to close the gap for recycled plastics

Waste  •  GreenBiz

Among a growing number of circularity startups focusing on plastic, three young companies gaining funding and attention are seeking to build some of this infrastructure and help channel more waste plastics into the manufacture of new goods.

Canadians using fewer single-use plastics: StatCan

Waste  •  CTV News

Canadians are making progress on moving away from single-use plastics by using fewer disposable straws and relying on reusable bags, water bottles and mugs, according to data from Statistics Canada.

Sobeys picks the winner of its Plastic Waste Challenge

Waste  •  Canadian Grocer

Sobeys announced the winner of its Plastic Waste Challenge started in March to find “a viable and sustainable commercial solution for in-store wrapped meat and seafood packaging.” The victor was Newmarket, Ont.’s Eco Guardian.

Canadian Solar sells UK PV and battery storage projects

Energy  •  Renews

Canadian Solar has completed the sale of two fully-permitted solar and battery energy storage projects in the UK to specialist alternative asset manager, Gresham House.

How did Home Depot cut electricity consumption?

ESG  •  Environmental Leader

The Home Depot has recently joined the SBTi, the Science-Based Targets initiative, establishing a path to reduce its emissions in line with the Paris agreement goals and has made a 44 per cent decrease in electricity consumption.

MSC Group inks deal for hydrogen-powered ships

Transportation  •  GreenBiz

One of the world’s largest cruise operators, MSC Group, has ordered two luxury cruise ships from Italian shipbuilder Fincantieri that are to be powered in part by liquified natural gas (LNG) and hydrogen, it announced this month.

Big pensions need more climate transparency: report

Real Estate  •  Toronto Star

Canada’s biggest pension funds need to be more transparent and accountable when it comes to their climate change commitments, according to a new report looking at the country’s eight largest public sector pensions that control about $2 trillion in assets.

‘Watchful optimism’ as CER plots net-zero future

Real Estate  •  The Energy Mix  •  CBC

With the Canada Energy Regulator (CER) still months away from completing its next projection of the country’s future oil and gas production, climate policy watchers are cautiously optimistic that the analysis will chart a real course for a low-carbon future.

Climate risks targeted with $3.5B agriculture package

Real Estate  •  Western Investor

The growing environmental risks farm properties and operations face are the target of a $3.5 billion framework that will guide federal, provincial and territorial agriculture spending over the next five years billed the Sustainable Canadian Agricultural Partnership.

Feds, provinces commit to decline in agriculture GHG

Carbon  •  Corporate Knights

Heat waves forecast a new climate change weather reality

Real Estate  •  Globe and Mail

Record-breaking heat waves have struck many parts of the U.S., Europe, and China since the start of July, causing deaths, wildfires and glacier collapses that are likely to become a lot more common along with brutal heat.