Tag: sustainable finance

Sustainable Classification System (Green Taxonomy)

Sustainable Classification System (Green Taxonomy) A person working at a desk with a peach-colored background

A Canadian-Specific Standard is Needed Today, the term sustainable finance refers mainly to public and private funds earmarked to support a transition to a low carbon and resilient economy. This consists of funding activities that will help the current economies mitigate climate change and adapt to a new climate reality in the near- and long-term […]

To the Expert Panel on Sustainable Finance

To the Expert Panel on Sustainable Finance A lightbulb on a green background

Looking ahead for the long-term The work by the Expert Panel on Sustainable Finance was a welcome initiative by the federal government. Manifest hopes that this initiative will be successful in transitioning Canada’s economy to one that is based on less carbon intensive assets and is more resilient to the impacts of climate change. We […]

Finance Solutions for Climate Action Needed

Finance Solutions for Climate Action Needed A person working at a computer with a green background

One of the main obstacles to meaningful climate action is adequate capital backing. While government policies and incentives are crucial to drive climate initiatives, solutions require support from a broader stakeholder group. The financial sector has been called out as a crucial participant in solving the global climate crisis.  Pension funds, banks, insurance companies and investment management […]

Despite Ontario Policy Uncertainty, Global Movement on Climate Continues with European Leadership

Despite Ontario Policy Uncertainty, Global Movement on Climate Continues with European Leadership A ripe peach on a tree in an orchard in Ontario, Canada

The new Ontario government have brought much uncertainty to the fate of the provincial climate policies implemented by the Liberal government over their last term. The newly elected Progressive Conservatives announced their intention to dismantle the cap-and-trade system, which generated $2.8 billion in revenue for the province and were earmarked to be invested in initiatives aimed at reducing […]

Climate Disclosure: A Transition from Thinking to Action

Climate Disclosure: A Transition from Thinking to Action A clipboard with Action Plan written on it

“There has been a transition in thinking. And this is now beginning to be translated into action.” -Mark Carney’s speech, “A Transition in Thinking and Action,” delivered in early April at the International Climate Risk Conference for Supervisors in Amsterdam The Task Force on Climate-related Financial Disclosures (TCFD) recommendations continue to gain support and momentum in […]

Financial Services Sector Uniquely Placed to Address Climate Risk

Financial Services Sector Uniquely Placed to Address Climate Risk Three people looking at a graph on the screen on a orange background

Industry leaders continue to urge companies to integrate climate change into business strategies, financial disclosures and risk management processes. Mark Carney opted to focus on climate risk when addressing the Toronto Board of Trade in July 2016. Moody’s will use national climate commitments in its analysis of the credit implications of carbon transition risk. And Global […]