Fairmont Royal York Decarbonization Project
Public-Private Cooperation
The retrofit of Fairmont Royal York demonstrates how partnership between the private and public sectors can meaningfully accelerate action towards meeting Canada’s carbon reduction commitments. The project was supported by the CIB’s Building Retrofits Initiative, which provided debt financing.
With its unparalleled location in Toronto’s financial district and its proximity to Union Station, the hotel’s decarbonization initiatives make it the ideal partner for both leisure travelers and major businesses to align their sustainability goals when booking conferences, events and guest room accommodations.
Additional Details
Fairmont Royal York decarbonization project will eliminate more than 165,000 tonnes of carbon emissions between 2023 and 2050.
The reduction of carbon emissions will generate over 35% in utility savings in the first year. All carbon emissions reductions will be independently verified by the CIB’s verifiers, as well as through the CaGBC.
