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.
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