November 2, 2021
HWIF has formally announced today that ESSAFIN Logic has been chosen as their ESG risk analysis service provider. "We are very pleased to have ESSAFIN Logic onboard to carry out independent ESG risk evaluation as part of our application review process", says David Brundige Q.C., Chair of HWIF. Mr. Brundige further indicated, "we are committed to supporting infrastructure opportunities with the highest standards of environmental sustainability and social responsibility, and we are confident that ESSAFIN Logic is not only the right company but indeed the only Canadian firm capable of helping us achieve our objectives.”
ESSAFIN Logic offers a novel SAAS risk analysis tool to evaluate and prevent impact to environmental, social, and governance (ESG) values. ESSAFIN also offers advisory support to establish or enhance ESG frameworks for businesses, from startups to large-scale firms. Using ESSAFIN will ensure HWIF meets its commitments to the Equator Principles, Principles for Responsible Investment, IFC performance standards, and the UN’s Sustainable Development Goals.
In response to this announcement, Darren Brown, Founder and CEO of ESSAFIN Logic, voiced, "we are thrilled to have this opportunity with Horizon West and we look forward to working with them to deliver on their goal of sustainable infrastructure development across western Canada.” Darren added, “financial institutions play a major role in the transformation to an environmentally sustainable and socially accountable world and HWIF is demonstrating its leadership on this stage."
HWIF has embraced their vision of People, Planet, and Prosperity through an integrated approach to infrastructure funding. HWIF offers the first fund of its kind in Canada to apply independent ESG risk analysis in its application process.