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NEWS

Federal Government announces Sustainable Finance Expert Panel

12
Apr

After sustained engagement by the Council for Clean Capitalism and others over the past year, Minister Morneau and McKenna announced the creation of the Expert Panel on Sustainable Finance, to be chaired by Tiff Macklem, Dean of the University of Toronto’s Rotman School of Management and former Senior Deputy Governor of the Bank of Canada. The Expert Panel will consult members of the business community about the opportunities associated with sustainable finance. The Expert Panel will also explore the opportunities and challenges for companies facing voluntary standards for corporate disclosure of the financial risks associated with climate change.

The Expert Panel builds on the work of the Task Force on Climate-related Financial Disclosures (TCDF), led by Michael Bloomberg, established by the Financial Stability Board, and chaired by Governor Carney. The Task Force is recognized worldwide for its ground-breaking work to develop voluntary recommendations on climate-related information that companies can disclose to help investors, lenders, and others make sound financial decisions.

The Panel is expected to issue an interim report later this September followed by a full report in early 2019.

Learn more at: https://www.newswire.ca/news-releases/government-of-canada-launches-expert-panel-to-help-canada-tap-into-trillion-dollar-opportunity-from-clean-growth-and-climate-action-679544193.html

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