Item - 2025.TA10.8

The Board of Directors of the Toronto Atmospheric Fund:

1.  Approved the following grants to be funded from the endowments indicated:

a. $144,750 over 18 months (from the Toronto, Ontario, and Canada endowments) to Affine Climate Solutions Society to accelerate the widespread adoption of low carbon, climate-resilient construction by transforming how financial institutions (FIs) assess, value, and finance green buildings. The funding recommendation is subject to the following condition:

i. At least 20 percent of the buildings proposed for the financing pilot are to be located in the Greater Toronto and Hamilton Area (GTHA).  

b. $210,000 over 24 months (from the Toronto and Canada endowments) to Efficiency Canada to make the case at all three levels of government for improving appliance and equipment efficiency, ensuring the capacity of existing/new technologies to provide flexibility to cleaner electricity grids, and to support equity objectives such as tenant protection in Toronto.

2.  Declined one grant request with a total value of $104,500. This is summarized in Confidential Attachment 1 to the report (April 11, 2025) from the Senior Grants Manager, Toronto Atmospheric Fund.

3.  Conveyed the two projects recommended for approval to each of the Low Carbon Cities Canada (LC3) centres with an invitation, from the Chair of the Grants and Programs Committee, to co-fund these projects given their relevance and opportunity for impact in municipalities across the country. Both recommended projects have high emissions reduction potential and project outcomes would support the climate goals of the other LC3 centres and the Canadian cities in which they operate.

4.  Directed that the confidential information contained in Confidential Attachment 1 to the report (April 11, 2025) from the Senior Grants Manager, Toronto Atmospheric Fund remain confidential in its entirety, as it contains financial information, supplied in confidence to The Atmospheric Fund, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

This report recommends approval of two grants with a combined value of $354,750.