Frustrated with inaction, panel tasked with bolstering sustainable finance markets ends its work

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 92%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Sustainable Finance Action Council’s members frustrated as Ottawa has yet to implement recommendations for a made-in-Canada taxonomy of climate-focused investments

An expert panel appointed by the federal government to accelerate the growth of Canada’s sustainable finance market has disbanded at the end of a three-year mandate marked by frustrations over a lack of progress in implementing its major recommendations.

“We’re done. I believe, and I think that the membership agrees, that we have executed on the mandate. We’ve provided our recommendations,” Kathy Bardswick, the panel’s chair, said in an interview on Wednesday. “We continue to hope that the fall economic statement commitments that were made will be seen through, but that’s yet to be seen,”In the economic statement, Ottawa said it would provide $1.

A key one is that the government should foster more interaction between the experts and public officials. Ms. Bardswick, a former top insurance executive, said the panel’s members also reported positive outcomes from the process. For instance, some said they had gained experience in working across the various financial sectors, which Ms. Bardswick said will help to strengthen the country’s sustainable finance network.

“This work is being done in consultation with regulators, the financial sector, industry and independent experts, and is being supported by external technical experts,” Ms. Cuplinskas said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Canada’s big banks say sustainable finance pledges may not curtail emission growthSeveral global banks have committed to ‘net-zero financed emissions’ by 2050 but have drawn doubts from many investors, due to concerns over the lack of a defined goal
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Canada's big banks say sustainable finance pledges may not curtail emission growthSome of Canada's biggest banks have admitted for the first time that their climate-related finance efforts may not necessarily curtail emissions growth...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Japan ready to take action vs excessive yen volatility, says finance ministerExplore stories from Atlantic Canada.
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »