Scotia Plaza’s 40 King St. W. is the first certification under CaGBC’s Zero Carbon Building Standard v2

Iconic Toronto office tower also becomes the largest ZCB-certified building to date

Coinciding with World Environment Day, KingSett Capital, on behalf of its Canadian Real Estate Income Fund (CREIF) today announced that Scotia Plaza’s 40 King St. W. tower has earned a Zero Carbon Building – Performance Version 2 certification, making It the first to certify under the newly updated Zero Carbon Building (ZCB) Standard v2. The designation marks an important milestone for owners KingSett Capital, Alberta Investment Management Corporation (AIMCo) and James Richardson & Sons Limited (JSRL).

The 68-storey, 1.5 million square feet office tower Is a standout In Toronto's cityscape, and adds ZCB-certification to a list of achievements including LEED Platinum, Fitwel and WireScored Certified: Gold.

Today’s certification 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.

CaGBC president and CEO Thomas Mueller recognized the efforts of the partners in securing the certification, and congratulated KingSett for their leadership in championing carbon reductions.

“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. 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.”

Read KingSett Capital's announcement here »

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Launched in March 2020, CaGBC’s ZCB Standard v2 provides the rigour needed to ensure zero emissions – and the flexibility to encourage widespread adoption of zero carbon buildings.

Read more about the Zero Carbon Building Program at