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Expert Panel on Sustainable Finance warns International investors are leaving Canada

Expert Panel on Sustainable Finance warns International investors are leaving Canada

Sustainable finance is focused on harnessing the financial sector to assist and enable companies and allocate capital in a more climate aware manner to mitigate and adapt to climate change. It grew from making investments in green technology to financing companies and communities transitioning to low-carbon environments.  The goal is to build resilience to the

Opinion: Playing catch-up on sustainable finance, Ottawa strikes new 'action council'

Insurance Bureau of Canada Statement following Federal Government's Creation of the Sustainable Finance Action Council

Share this article Share this article OTTAWA, ON, May 12, 2021 /CNW/ - Today the federal government announced the formation of the Sustainable Finance Action Council, fulfilling one of the recommendations of the Expert Panel on Sustainable Finance. Following the announcement, Don Forgeron, President and CEO, Insurance Bureau of Canada (IBC), issued the following statement: Insurance Bureau of Canada is pleased to see the formation of the Sustainable Finance Action Council. We anticipate the Council will articulate a long-term policy framework and road map for low emissions and climate-resilient growth, and develop a capital plan to meet these goals. We will be watching its progress with enthusiasm, as the Council will focus on issues of importance to our industry and to all Canadians. Insurers continue to stress the need to coordinate physical and transition risk data through a Canadian Centre for Climate Information and Analytics. Consistent disclosure of climate-related finan