Sustainable Finance

We know that Canada needs to be at the vanguard of the global transition to a low-carbon economy. It is essential for our prosperity today, and for the next generation of Canadians. Markets, investors, and governments are looking to take advantage of the trillion-dollar economic opportunity that comes with the low-carbon transition. We need to galvanize private sector resources to build a climate-resilient economy.

A re-elected Liberal government will:

  • Deliver on the commitment that we made with G7 Finance Ministers earlier this year to move toward mandatory climate-related financial disclosures that provide consistent and decision-useful information for market participants and that are based on the Task Force on Climate-Related Financial Disclosures (TCFD) framework, in cooperation with provinces and territories.
  • Require climate-related financial disclosures and the development of net-zero plans for federally regulated institutions, which includes financial institutions, pension funds, and government agencies.
  • Issue green bonds, annually, worth a minimum of $5 billion.
  • Develop a climate data strategy to ensure that the private sector and communities have access to decision-useful climate information and to inform infrastructure investments.
  • Work with financial experts through the Sustainable Finance Action Council to develop a net-zero capital allocation strategy to move capital into the types of investments needed to accelerate Canada’s transition to a prosperous net-zero future.