November 19, 2024
Five-Minute Brief: Introducing Canada’s New Sustainable Finance Taxonomy
In October, the Government of Canada announced the development of a Canadian sustainable finance taxonomy. Otherwise known as sustainable investment guidelines, the taxonomy will provide Canadian capital markets with clarity about business activities that are aligned with 1.5°C decarbonization pathways and the transition to a net-zero economy. In doing so, the taxonomy will play a critical role in mobilizing the significant capital needed to support Canada’s efforts to mitigate climate change and keep global warming within 1.5°C above pre-industrial levels.