Item - 2022.TA15.3

The Board of Directors of the Toronto Atmospheric Fund:

1.  Approved Toronto Atmospheric Fund’s 2022 Annual Plan as set out in Attachment 1 to the report (January 31, 2022) from the Vice President, Strategy and Partnerships, Toronto Atmospheric Fund.

The Vice President, Strategy and Partnerships, and the Director of Strategy and Grants, Toronto Atmospheric Fund gave a presentation on Toronto Atmospheric Fund's 2021 Annual Report and 2022 Plan.

The Board considered Items TA15.2 and TA15.3 together.

The 2022 Annual Plan is presented for Board consideration and approval. The plan is guided by TAF’s Strategic Directions and Theory of Change, and benefits from analysis of the successes and challenges experienced in our past work.  It sets out four priorities for the year which “follow the carbon”.  Specific longer-range objectives and annual targets are established for each, supported by activities from across each team at TAF.  That includes activities and resources to understand and advance social outcomes through climate action, and ensure we are multi-solving and not worsening inequities. The full staff team was involved in development of the 2022 plan, along with input from Board and Committee members. We are confident that this scope of work can be implemented with the current and planned capacity and resources at TAF’s disposal.