University of Toronto’s Trinity College recently etched its name in history by becoming the pioneering North American post-secondary institution to secure a designated green loan for the construction of the Lawson Centre for Sustainability. This feat was made possible through collaboration with the Bank of Montreal (BMO), marking a significant stride toward sustainable development.
The earmarked green loan orchestrated by BMO will specifically fund the creation of a cutting-edge, environmentally conscious structure—built with mass timber, zero-carbon emissions, and aiming for LEED platinum certification. These features come together to produce what will be one of the greenest and most eco-friendly institutions of higher learning in North America.
Envisioned as a beacon of sustainability, the forthcoming edifice, currently in the construction phase, is set to encompass 14,450 square metres (155,899 square feet) of versatile spaces catering to residential, academic, social, and dining needs. This expansion is pivotal, expanding accommodation from 450 to 800 beds, meeting the escalating demand for student housing and enhancing the collegiate journey for a larger student cohort.
Emphasizing eco-friendliness, the design blueprint prioritizes sustainable elements like geothermal heating and cooling systems, rooftop photovoltaics (PV), triple-glazed windows, rainwater collection and recycling mechanisms, alongside the integration of locally sourced construction materials. In essence, it’s all about preserving as much energy as possible, wherever possible.
With an anticipated inauguration in 2025, the facility aims to attain the highest echelons of energy efficiency certifications—encompassing LEED platinum certification and compliance with the Canada Green Building Council’s Zero Carbon Building Design Standard. Additionally, it aspires to meet the WELL Building Standard, aligning with broader sustainability objectives, including the UN’s sustainable development goals.
The foundation of Trinity College’s Green Financing Framework, the basis for this forward-thinking loan, adheres rigorously to global green financing benchmarks and has garnered commendation from DNV Business Assurance, based in London, United Kingdom. BMO’s active involvement underscores its commitment to climate action, positioning itself as an advocate in facilitating its clients’ transition to a carbon-neutral future.
Back in 2021, BMO took strides by establishing the BMO Climate Institute and forming an Energy Transition Group, signaling its steadfast dedication to empowering clients in leveraging opportunities arising from the global economy’s shift toward sustainable energy solutions.
