We believe that transparency and accountability to our stakeholders is critical to ensuring that our ESG approach drives meaningful results. Building off the foundation laid in our previous disclosures, our 2023 ESG Report highlights some of the exciting and innovative achievements that took place over the past year which are enabling our decarbonization journey and growth of our low-carbon district energy networks. These undertakings include launching Enwave Green Heat, readying our Toronto system for the Deep Lake Water Cooling expansion (now commissioned), breaking ground on our Pearl Street Energy Centre Green Heat plant, and initiating our Digital Transformation project aimed at optimizing our district energy system. With these initiatives, alongside our focus on creating possibilities and sharing value with our partners, we are powering possibility for sustainability at scale in our communities. To read about these initiatives in our 2023 Report, 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.
