Federal Government Expert Panel Releases Report on Sustainable Finance
The Federal Government Expert Panel on Sustainable Finance has released a report highlighting the important role Canada’s financial sector has in unlocking the potential of clean growth in Canada.
The report, released on Oct 24, 2018, provides an overview of the state of sustainable finance in Canada, including outlining the themes that have emerged as foundational to the mainstream uptake of sustainable finance in Canada. The report seeks to expand our understanding of how to enable our financial services industry to develop and scale markets and products that will support investment in climate resilience and low-carbon growth.
This report follows the release of Toronto Finance International's report Capitalizing on Sustainable Finance: A Growth Opportunity for Toronto's Financial Sector (Sept 17). Together these reports send a clear signal that the Canadian financial community is committed to driving action and supporting the work needed to realize the significant sustainable finance opportunity of at least $27 billion, and could be as high as $100 billion annually for the Canadian economy.