Home > Responsible Investment Impact 2025

Responsible investment impact

For greater impact, we’re using more of our assets for good

To achieve higher impact and returns more responsibly, Toronto Foundation invests within a spectrum of impact-first to broadly diversified investment strategies, grounded in a principle of doing no harm. Further, we’ve diversified beyond public markets to include more equity within private markets and to invest more responsibly overall*. Below is our 2025 Investment Impact Report outlining key outcomes for our assets as well as those we administer for others. You can read more on the evolution of our impact investing strategy including how we increasingly use our assets for good across an impact continuum here.

PLANET
PEOPLE
The group of coworkers smile while they help paint the graffiti wall.

Investment Impact Snapshot

Currently Responsibly Invested

TF - AR - Responsible Investement Page - Impact Snapshot - Yellow Pie Chart

Goal by 2031

TF - AR - Responsible Investement Page - Impact Snapshot - Teal Pie Chart
3

Less than 4%

exposure to non-renewable energy and utility companies

4

Less than 1%

exposure to alcohol, tobacco and firearms (ATFs)

1

65%

invested with fund managers that are signatories of the UN Principles for Responsible Investment or have ESG policies

2

31

social impact investments approved - $16M since 2017

*The transition from a traditional portfolio to one invested responsibly typically spans several years. Because certain investments have been locked in for extended periods, it takes time to divest.

Investment-Focused Impact Report 2025

PLANET

&

PEOPLE

Investment types:

  • Copy of Copy of Untitled Design (4)

    Social Impact Investing

  • Copy of Copy of Untitled Design (3)

    Responsible Impact Investment

Planet Portfolio Investment Spotlight

1

Bonsai Robotics

2

Clean Bus Solutions

3

Efficiency Capital

4

Generate Upcycle

5

InvestEco

6

Spring Impact Capital

7

Switch Bioworks

8

Wyvern

  • 1

    52%

    of the Foundation’s investments have made a commitment to halve their emissions by 2030.

  • 5

    35%

    of the Foundation’s investments are focused on products or technologies for use in the circular economy and/or clean, renewable energy (wind, solar, hydro plus geo-thermal and biomass power)

Toronto Foundation’s public portfolio vs. international benchmark:*

  • 4

    27%

    more carbon efficient
    portfolio’s investments have more sustainable operations and supply chains

  • 3

    26%

    lower carbon intensity
    portfolio is more conscientious at managing carbon risk

  • Untitled design - 2026-05-13T102627.730

    19%

    of investments allocated to environmental causes from our social impact pool

*MSCI All Country World Index (ACWI)

People Portfolio Investment Spotlight

9

Benchsci

10

Canadian Canoe Museum

11

Equality Fund

12

Kensington Market Community Land Trust

13

TAS

14

Spare

15

Wealthsimple

16

Windmill Microlending

  • 9

    $60M

    invested in Black, Brown and women owned firms

  • 8

    18

    investments have one or more diverse founders

  • 7

    14%

    of TF’s portfolio invested in diverse firms

  • 9

    $14M

    invested in gender lens strategies that increase access to capital for women, scale products and services that support women and/or address structural inequality

  • 6

    84%

    of investments allocated to improving wellbeing for people across housing, work, learning, health, arts, culture & recreation from our social impact pool

Scroll to Top