Taxonomy Letter Response

By: Abbey Sciannella

The Minister of Environment and Climate Change, Honourable Steven Guilbeault, has acknowledged the importance of advancing a Canadian sustainable finance taxonomy, emphasizing its role in boosting investor confidence and driving private sector investments crucial for Canada’s climate goals. The Minister highlights the necessity to avoid lagging behind other jurisdictions. Aligning with efforts like climate-related financial disclosures, the development of this taxonomy is deemed vital for Canada’s environmental and economic interests. Building upon previous initiatives, the government commits to collaborating with stakeholders for its formulation, aiming for alignment with net zero by 2050. Please find the full letter below.