In June, the federal government’s Expert Panel on Sustainable Finance released its final report, comprised of 15 recommendations for how Canada can build a stronger, greener and more resilient economy. We welcome the report and appreciate the hard work the four volunteer members of the panel did in just over a year. The expert panel had […]
Alex
Takeaways from the NY State Common Fund’s Decarbonization Advisory Panel Work
The New York State Common Retirement Fund (Fund) the third largest pension plan in the United States, recently published their Climate Action Plan following the recommendations of their first ever Decarbonization Advisory Panel. The panel was charged with recommending how to prepare the $210 billion Fund to identify and manage the risks of a changing climate and […]
Toronto’s First Resilience Strategy Needs Broad Societal and Political Support
The City of Toronto released its first Resilience Strategy earlier this month. The strategy sets out a vision, goals, and actions to help Toronto survive, adapt and thrive in the face of any challenge, particularly climate change and growing inequities. Recognizing that true resiliency is more than keeping the lights on during extreme weather, the city’s plan […]
Canada’s largest companies are changing how they invest because of climate change
Climate Disclosure is Up Across Sectors, but Additional Progress Urgently Required
A growing number of climate disclosures are identifying more extensive climate-related risks, but also revealing the opportunities may greatly outweigh the costs for many organizations. Recent disclosure reports have confirmed this trend and identified that continued progress is required to improve information for investors and help drive towards future financial sustainability. On June 4, 2019, […]
A Look at the Impacts Highlighted in Canada’s Changing Climate Report
On April 2, 2019, the federal government released Canada’s Changing Climate Report, the first in a series of reports outlining the impacts of climate change in Canada. It immediately generated national news for reporting “temperature in Canada has increased at roughly double the global mean rate” with northern Canada warming “roughly three times” faster than the […]
The work of the NY Common Fund’s Decarbonization Advisory Panel (Part 4)
Bank of Canada Lists Climate Change as a Risk to Canada’s Economy
On Thursday, the Bank of Canada released its 2019 Financial System Review, and for the first time it listed climate change as one of the main risks to Canada’s economy and financial system. The inclusion of climate change as one of six vulnerabilities listed in the Financial System Review (FSR) comes a few weeks after the Bank […]