The Atmospheric Fund

The Atmospheric Fund invests in urban solutions to reduce greenhouse gas emissions and air pollution

Board and Committees

Board of Directors

TAF is governed by an 11-member board. Three of these members are City Councillors at the City of Toronto and eight are citizen members appointed through the City of Toronto’s public appointments process. TAF has been fortunate to have attracted a wide range of experience and expertise to our board, including investment specialists, energy experts and community engagement professionals. The board meets four times a year and board meetings are open to the public (but may include in-camera sessions).

TAF board meeting minutes can be found online.

Members:

  • Chair: Parminder Sandhu, President & CEO, Vistera Capital Group Inc.
  • Vice Chair: Dianne Saxe, City Councillor at City of Toronto
  • Treasurer: Kim Marshall, Former CFO & Current Board Member
  • Secretary: Graysanne Bedell, Retired Lawyer, Independent Director
  • Andrew Dooner, Partner at Strategy&, part of the PwC Network
  • Stuart Galloway, CEO at Energy Services Association Canada
  • Josh Matlow, City Councillor at City of Toronto
  • Wayne Miranda, Founder, Wecelium Inc.
  • Jean Olemou, Co-Founder and Principal at GreenDev Inc.
  • James Pasternak, City Councillor at City of Toronto
  • Dan Zilnik, Partner at EY Canada

Legal Counsel: Gardiner Roberts
Auditors: Welch, LLP
Various standing committees assist the Board of Directors. The members of each committee are appointed by the board. Minutes for each committee’s meetings are submitted to the board and can be found online.

Audit Committee

The Audit Committee oversee and objectively assess the integrity of TAF’s financial statements, internal controls, accounting standards, legal and regulatory compliance, and independence of the external auditor.

  • Stuart Galloway (Chair), CEO at Energy Services Association Canada
  • Kim Marshall, Former CFO & Current Board Member
  • Jean Olemou, Co-Founder and Principal at GreenDev Inc.

See Terms of Reference

Grants and Programs Committee

The Grants and Programs Committee directs TAF’s granting and social mobilization efforts, reviews incubation program goals and outcomes and provides strategic advice. We are fortunate to have members with expertise in community engagement, energy efficiency, sustainable buildings, energy policy, and greenhouse gas emissions quantification and community engagement.

Members:

  • Chair: Dan Zilnik, Partner at EY Canada
  • Tamar Heisler, Senior Policy Advisor, Ministry of Indigenous Affairs (Ontario)
  • Ali Hoss, Chief Sustainability Officer at Triovest
  • Kirk Johnson, President at Eco-Efficiency Consulting
  • Mike Layton, Vice President of Philanthropy, Corporate & Community Partners at Second Harvest
  • Erika Lontoc, Energy Efficiency Professional
  • Ryan Ness, Adaptation Research Director at the Canadian Institute for Climate Choices
  • Rosemarie Powell, Executive Director at Toronto Community Benefits Network
  • Lindsay Wiginton, Managing Consultant at Dunsky Energy + Climate Advisors

See Terms of Reference

Human Resources Committee

The Human Resource Committee develops and implements a senior executive compensation and review policy that balances the accountable and efficient use of financial resources with the need to provide the right incentives to attract, retain and recognize excellent performance, and supports the evaluation of the CEO’s performance; and provides TAF’s senior management with advice related to HR matters as needed, including advancing the diversity, equity and inclusion of staff, executive, Board and Committees.

  • Andrew Dooner (Chair), Partner at Strategy&, part of the PwC Network
  • Parminder Sandhu, President & CEO, Vistera Capital Group Inc.

See Terms of Reference

Investment Committee

The Investment Committee oversees both management of TAF’s endowment and mandate-related investments (loans and equity investments in enterprises that can deliver emission reductions). The committee members have a wealth of investment and legal expertise and provide recommendations to the TAF board on all investment decisions.

Members:

  • Chair: Jean Olemou, Co-Founder and Principal at GreenDev Inc.
  • Sandra Berbari, Senior Director, Private Equity & Infrastructure Operations at HOOPP
  • Bill Crossland, President and CEO at Thermal Energy International Inc.
  • Jacoline Loewen, CEO at Loewen Capital Partners
  • Simon Segall, Experienced Pension Plan Trustee & Board Member
  • Terry Vaughan, Principal and Senior Consultant at Prime Quadrant
  • Dianne Saxe, City Councillor at City of Toronto

See Terms of Reference

Direct Investment Committee

The Direct Investment Committee recommends financing of direct investments to the Board of Directors along with any terms and conditions that are relevant and may be necessary in keeping with prudent investing. The Committee oversees that the conditions of investment established by the Board are duly implemented before investments are advanced and monitors the performance of investments.

Members:

  • Chair: Wayne Miranda, Director of Social Finance and Impact Investing 
  • Graysanne Bedell, Retired Lawyer, Independent Director
  • Bonnie Foley-Wong, Sustainable Investment Leader at Mercer
  • Michael LeClair, Founder and CEO at GML Legacy Corp.
  • Bernie Li, Investor and Advisor
  • Sandra McEwen, Managing Director of Valuation & Analytics at Ontario Teachers’ Pension Plan
  • Geoff Simonett, President at Pinelands Capital
  • Stephen Simpson, Partner at Instar Asset Management

See Terms of Reference

Upcoming meetings

Board of Directors

  • July 18, 2025, 9:30 a.m 
  • November 24, 2025, 9:30 a.m 

Grants and Programs Committee

  • June 26, 2025, 10:00 a.m. – 1:00 p.m
  • October 30, 2025, 10:00 a.m. – 1:00 p.m.

Investment Committee

  • June 3, 2025, 1:30 p.m Agenda
  • September 11, 2025, 1:30 p.m
  • December 11, 2025, 1:30 p.m

Direct Investment Committee

  • June 24, 2025, 2:00 p.m Agenda
  • October 28, 2025, 2:00 p.m

Past meetings

Board of Directors

  • April 29, 2025 , 9:30 a.m Minutes
  • February 18, 2025, 9:30 a.m Minutes
  • November 21, 2024, 9:30 a.m. Minutes
  • July 18, 2024, 9:30 a.m. Minutes
  • April 26, 2024, 9:30 a.m. Minutes 
  • February 12, 2024, 9:30 a.m. Minutes
  • November 21, 2023, 9:30 a.m. Minutes
  • July 14, 2023, 9:30 a.m. Minutes
  • April 27, 2023, 9:30 a.m. Minutes
  • February 10, 2023, 9:30 a.m. Minutes

Grants and Programs Committee

  • April 3, 2025, 10:00 a.m. – 1:00 p.m Minutes
  • January 30, 2025, 10:00 a.m. Minutes 
  • October 31, 2024, 10:00 a.m. Minutes
  • June 27, 2024, 10:00 am Minutes
  • April 4, 2024, 10:00 am Minutes
  • January 24, 2024, 10:00 am Minutes
  • October 19, 2023, 10:00 a.m. Minutes
  • Jun 22, 2023, 10:00 a.m. Minutes
  • April 5, 2023, 2:00 p.m. Minutes
  • January 23, 2023, 3:00 p.m. Minutes

Investment Committee

Direct Investment Committee

For older archives, visit the City of Toronto website

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The Atmospheric Fund
Metro Hall (C/O Union Station, 2nd Floor East Wing)
55 John Street
Toronto, Ontario M5V 3C6
416-359-7802
info@taf.ca