Montreal Port Authority, SOFIAC Team Up to Cut GHG Emissions
- MPA aims to operate with plans to reduce carbon emissions.
- Customised, sustainable solutions enable the port to achieve energy savings with zero financial risk.
The Montreal Port Authority (MPA) has partnered with an investment fund specialising in decarbonisation, SOFIAC, to make the former's buildings more energy-efficient.
The partnership aims to cut the port's greenhouse gas (GHG) emissions by more than 60%.
SOFIAC will fund the project for several upgrades without MPA spending its own money. Instead, SOFIAC has an investment model that allows the investment to be repaid from the energy savings generated by the project. SOFIAC and its technical partner, Siemens, handle the entire process.
The project includes three main MPA buildings, including MPA's headquarters and a famous public space at the old port.
“This project marks a crucial step in our sustainability efforts and brings us closer to our goal of carbon neutrality,” said Benoit Viens, Senior Director of Environment and Real Estate at the MPA. “Thanks to SOFIAC’s expertise and support, we will transform our infrastructure to make it more energy-efficient while significantly reducing our carbon footprint.”
Michel Methot, Senior Vice President at SOFIAC, added: “This partnership with the Montreal Port Authority reflects our commitment to provide customized, sustainable solutions, allowing our clients to achieve energy savings with no financial risk. We are proud to contribute to this ambitious carbon neutrality vision.”
Follow KnowESG's Environment News for regular news and views.
Discover an extensive network of ESG providers here
Check out KnowESG's latest ESG Event updates
Source: MPA
Get the ESG Brief in your inbox
One concise email a week — the ratings moves, regulation deadlines, and vetted solutions that matter. Trusted by sustainability and finance teams.
No spam · unsubscribe anytime.
