KEY TAKEAWAYS

• Manitoba is Holcim’s second market to use renewable diesel as part of its carbon reduction strategies
• Reduce up to 38.9% CO2 Emission (Scope 3) year-over-year

WINNIPEG, Manitoba–(BUSINESS WIRE)–Lafarge Canada, a leader in sustainable and innovative building solutions, announced today its continued partnership with 4Refuel, a provider of sustainable fuel solutions, to advance its commitment to reducing carbon emissions. Lafarge and 4Refuel will collaborate to implement renewable diesel in Lafarge’s operations in its Manitoba market area.

Renewable diesel is a sustainable alternative to traditional diesel fuel that is made from waste oils and fats and produces lower emissions than conventional diesel.

Lafarge’s adoption of renewable diesel (R50) is in line with its pledge to become a Net-zero corporation by decreasing its carbon footprint and advocating for sustainability. With the utilization of renewable diesel, Lafarge is targeting that its reduction in CO2 emissions (scope 3) will lead to a substantial decrease in greenhouse gas emissions, enhance air quality, and encourage the responsible management of the environment.

“Switching to renewable diesel (R50) is a significant step forward in our sustainability journey,” said Tina Larson, Vice President, Manitoba & Saskatchewan, Lafarge Canada, Western Canada. “We recognize that climate change is one of the most significant challenges facing our planet, and we are committed to doing our part to reduce our impact on the environment. We believe that renewable diesel is an excellent solution to help us achieve our sustainability goals while maintaining the high level of performance that our customers expect.”

The shift to renewable diesel will have no impact on Lafarge’s operations or the quality of its products and services. Renewable diesel is compatible with existing diesel engines and infrastructure, making it an easy and effective way for businesses to reduce their carbon footprint. Lafarge will reduce up to 46 tonnes of CO2 emissions (Scope 3) per year by adopting renewable diesel in Manitoba; this is equivalent to 5,176 gallons of gasoline consumed or 9 homes electricity use for one year.

Lafarge’s transition to renewable diesel began in November 2022 with the Greater Vancouver Area market and it is part of a larger sustainability initiative that includes reducing waste, conserving water, and promoting energy efficiency. The Manitoba market will begin its adoption by making use of the renewable diesel fuel during the warmer months, from May to October.

“We are thrilled to continue our sustainability partnership with Lafarge by expanding our renewable diesel (R50) offering into additional Lafarge markets. Renewable diesel is a turn-key solution to reduce lifecycle-based emissions, and we are committed to serving our customers with low-carbon alternatives,” says Lauren Foulkes, Director of Sustainability, 4Refuel.

Lafarge Canada is proud to be a leader in sustainability and will continue to explore new ways to reduce its environmental impact; it encourages other businesses to join the Net-zero journey and make a commitment towards creating a cleaner and healthier future for all.

About Lafarge Canada Inc.

Lafarge is Canada’s largest provider of sustainable and innovative building solutions including Aggregates, Cement, Ready Mix and Precast Concrete, Asphalt and Paving, and Road and Civil Construction. With over 6,900 employees and 400 sites across the country, Lafarge provides green products to build the infrastructure and communities where Canadians live and work.

As a member of Holcim Group, Lafarge’s purpose is to build progress for people and the planet.

www.lafarge.ca

About 4refuel

4Refuel is North America’s largest mobile onsite refueling and fuel management technology company. Operating for over 25 years, 4Refuel is a trusted partner to sustainable fuel management operations with 24/7/365 reliable, convenient, and safe solutions. 4Refuel is pioneering the energy transition by offering distribution of a full suite of low-carbon liquid and gaseous alternative fuel products. We serve diverse markets, including construction, commercial transport, mining, agriculture, and marine. 4Refuel is a wholly owned subsidiary of Finning International.

4refuel.com

Contacts

Media Contact

Adetutu Opeyemi

External Communications and Marketing Advisor, Eastern Canada

Lafarge Canada Inc.

adetutu.opeyemi@lafarge.com

Virginia MacFabe

Manager, Marketing Programs

4Refuel

virginia.macfabe@4refuel.com

Morley Greene, Founder of Trez Capital and Industry Leader, Passes the Torch to New Firm Leadership

VANCOUVER, British Columbia & DALLAS–(BUSINESS WIRE)–Trez Capital, a leading provider of private commercial real estate debt and equity financing solutions in Canada and the United States, announced today that after almost 26 years as Chairman and Chief Executive Officer, firm founder Morley Greene will transition into the role of Executive Chairman. Executive leaders John D. Hutchinson and Dean Kirkham, will serve as Co-Chief Executive Officers, taking over day-to-day leadership of the firm.

“Building Trez Capital has been the greatest, most fulfilling and transformational professional experience of my life,” said Greene. “It has been an incredible 26-year journey for me, but the story does not stop here – the new chapter for Trez Capital is about to begin.”

Trez Capital’s partnership continues to undergo changes that bring new perspectives, skills and varied expertise. After 13 years with the firm holding progressively senior positions and 20 years of experience in the home building business, Hutchinson joined the partnership in fall 2021. More recently, in early 2023, Kirkham and John Maragliano were welcomed as partners. Kirkham joined Trez Capital in 2016 as Chief Credit Officer and has since taken on increasingly senior roles, culminating in his most recent position as President and Chief Operating Officer. Maragliano joined Trez Capital in 2021 as Chief Financial Officer, bringing 25 years of experience in the financial services industry. With this executive team’s diversified capabilities, Trez Capital has the right leaders in place to ensure its future success.

“My confidence to transition leadership at this time is a testament to the strength and vision of the firm, creating space for our leaders to emerge, fostering innovation and paving the way for Trez Capital to spread its wings and soar higher in the next chapter of growth and success,” added Greene.

In his new role as Co-Chief Executive Officer and Global Head of Origination, Hutchinson will continue focusing on the firm’s debt and equity origination business. As Co-Chief Executive Officer and President, Kirkham will continue focusing on the key pillars of risk and capital raising for the firm. Together, they will set the mission, vision, values and strategic direction of the firm. Additionally, Maragliano will become Chief Operating Officer, paired with his current role as Chief Financial Officer.

“We are focused on growing the firm which will continue to come from our core financing business and the new offerings we have recently brought to the market under our joint leadership,” stated Hutchinson.

In his role as Founder and Executive Chairman, Greene will continue providing valuable mentorship to the executive team, while also actively contributing to key strategic initiatives. Furthermore, he will prioritize fostering strong relationships with borrowers and investors, which have been an essential component of the organization’s success over time.

Kirkham said, “For several years now Trez Capital has strategically expanded our team of talented leaders who will uphold and build upon the legacy established by Morley, driving our organization forward with purpose and vision. Most importantly, we will continue to put our investors first in everything we do.”

“Trez Capital’s future has never been clearer, and this sound executive leadership team will continue building upon our reputation of providing innovative financing for commercial properties in major centers throughout Canada and the U.S. while providing exceptional returns for our investors,” concluded Greene.

About Trez Capital:

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt and equity financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds, syndication offerings and real estate joint-venture investments; and provides property developers with quick approvals on flexible short- to mid-term financing.

With offices across North America, Trez Corporate Group has over $5.4* billion CAD in assets under management and has funded over 1,700 transactions totalling more than $17 billion CAD since inception. For more information, visit www.trezcapital.com. (*Trez Corporate Group AUM includes assets held by all Trez-related entities as well as $3.0 billion Manager AUM (Trez Capital Fund Management Limited Partnership)).

Contacts

Trez Capital Media Contact, Sarah Haney, 647.460.2029, sarahh@trezcapital.com

Dala Communications for Trez Capital: Leah Williams, 214.302.9699, leah@dalacommunications.com