On Friday, June 14, CIET’s Olivier Cappon attended the release of the Final Report of the Expert Panel on Sustainable Finance at the Rotman School of Management on the University of Toronto campus.
The report was developed by a panel of four professionals from Rotman, the Royal Bank, la Caisse de dépôt et placement du Québec and the Ontario Teacher’s Pension Plan, and puts forward 15 recommendations.
According to the panel, the recommendations from the report are expected to be implemented across a few generations, hopefully culminating in the country being net-zero by 2050. The panel thinks that the fact that the report includes input from many groups will create a larger sense of ownership, and therefore action.
There are two recommendations that are particularly attracting a lot of attention:
It was often noted that the implementation of these recommendations will require significant education and training programs to ensure the development of expertise and the normalization of sustainable investment –both for the general public and for the finance community.
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