We believe that transparency and accountability to our stakeholders is critical to ensuring that our ESG approach drives meaningful results. To that end, we are pleased to share our 2022 ESG report. Our report communicates our commitment to net-zero emissions by 2050, and shares some of our recent decarbonization initiatives that we are most proud of. We invite you to read about some of our most exciting achievements – such as our Deep Lake Water Cooling expansion, which will provide cooling for an additional 40-50 commercial buildings in Toronto; the launch of our Enwave GeoCommunities platform that will provide geoexchange technology to single buildings off-district; and the construction of the Thermal Energy Storage tank at The Well, a 7.6 million litre tank that acts as a thermal battery to store energy at off-peak times. To view our report and learn more about our approach to ESG, please click below.
Enwave has become the first district energy company in North America to develop a guideline for public investment by releasing its Green Financing Framework. The Green Financing Framework provides guidelines for raising capital for a portfolio of new and existing assets primarily in the categories of energy efficiency and energy management, renewable energy (which includes, but is not limited to, biomass or geothermal), pollution prevention and control, and sustainable water and wastewater management. Scotiabank acted as Green Structuring Advisor for the Green Financing Framework.
Enwave's Green Financing Framework
As a leader in sustainability, Enwave is at the forefront of energy innovation. We strive to implement energy-efficiency solutions in everything we do. From introducing low-carbon technologies to finding new ways to share and optimize energy use. In each community we serve, we build strong partnerships to help ease the transition to district energy, always on the lookout for scalable opportunities that focus on long-term benefits.
