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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. Freeland was attending the Sustainable Finance Forum, which was organized by Liberal MP Ryan Turnbull and featured a half dozen of her cabinet colleagues.

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The incredible shrinking climate ambitions of the world's largest asset managers

Corporate Knights

While most have set net-zero targets, nearly all of the equity fund portfolios that were assessed – some 95% – are “misaligned” with the goal of net-zero emissions by 2050 that much of the world is chasing, as a tipping point in climate appears ever nearer. FinanceMap’s 2023 report analyzed $16.5 It is terrifying.

Net Zero 246
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UK Climate Failure “Chills” Investor Confidence

Chris Hall

With the UK High Court having now dubbed the government’s net zero strategy unlawful for the second time, the country is now considered a climate laggard, leaving sustainability-conscious investors rudderless. As such, they decided to take the government back to court in February this year.

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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

If companies want to do big business with the Canadian government going forward, they’ll need to prove how green they are. The federal government is pursuing new policies on procurement and low-carbon investment standards aimed at boosting the business prospects for companies committed to net-zero climate plans.

Net Zero 299
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The nuclear option

Corporate Knights

This turnabout has been most pronounced in the green bond market, where power utilities have, controversially, been adding nuclear energy as an option for green bonds. With this in mind, nuclear green bonds promise to help fund decades of net-zero energy for the public and years of clean financial returns for investors.

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SFDR: Market Divided on Future of Article 8, 9 Funds

Chris Hall

Article 8 funds promote “environmental and/or social characteristics”, while Article 9 refers to products that have a sustainable investment objective; all holdings within a fund must be sustainable investments that meet the standard of “do no significant harm”.

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UK Recognises Investor Need for “Clarity and Consistency”

Chris Hall

More details promised on sector-specific net zero roadmaps to stimulate investment in sustainable infrastructure. The UK government has acknowledged the need for greater policy clarity to enable the flow of investment into key sectors to deliver sustainable infrastructure and transition to net zero.