Shibolet ESG – Shibolet Consulting Ltd.’s Post

A very significant development that large private CBCA incorporated entities should look at carefully for coming climate related financial disclosure requirements and a big step forward on the made in Canada sustainable finance taxonomy.

Canada has announced the development of two sustainable finance initiatives: the Made-in-Canada sustainable investment guidelines and mandatory climate disclosures for large federally incorporated private companies. The voluntary sustainable finance guidelines will provide a classification system for “green” and” transition” investments. And, the government plans to amend the Canada Business Corporations Act to require large private companies to report on climate-related financial disclosures pursuant to regulations that are under development. These moves are on top of Canada’s $93 billion in tax credits and its $160 billion net-zero economic plan to promote investments in clean energy, carbon capture, and electric vehicles. https://lnkd.in/gXUnB8C8

🌍 Exciting developments in Canada’s climate strategy! The Government of Canada is taking bold steps towards achieving net-zero emissions by 2050, with an annual investment target of $125 to $140 billion. Key highlights from today’s announcements at the Principles for Responsible Investment conference include: ✅ $93 Billion in Economic Tax Credits: Aimed at attracting investments to our clean economy. ✅ Sustainable Finance Taxonomy: New guidelines will classify “green” and “transition” investments, providing the certainty needed for private capital flow. ✅ Mandatory Climate Disclosures: Large federally incorporated private companies will be required to disclose climate-related financial information, ensuring transparency and better risk management. These initiatives not only position Canada as a leader in sustainable finance but also support job creation and economic resilience in a rapidly changing climate landscape. Together, we’re building a flourishing Canadian sustainable finance industry that aligns with our commitment to the Paris Agreement. Let’s accelerate the journey to a net-zero future! 💚 #ClimateAction #SustainableFinance #NetZero #Canada #Investment https://lnkd.in/gpQmjrjp

📢 Canada Introduces Mandatory Climate Disclosure Requirements for Large Companies 🌍 The Canadian government is taking a bold step towards sustainability by mandating climate-related financial disclosures for large companies. This initiative is set to drive transparency and promote investment in green projects. 🌱💼 🔍 Key Highlights: Investor Confidence: Enhanced disclosures attract long-term investments by showcasing a company's climate risks and opportunities. Sustainable Economic Growth: Encourages private capital flow into green projects, boosting both economy and environment. Net-Zero Goals: Helps track progress towards Canada's 2050 net-zero emissions target. 💼 What Businesses Need to Know: Compliance: Large federally incorporated companies need to prepare for new disclosure requirements. Voluntary Reporting: SMEs are currently exempt but encouraged to participate voluntarily. Read more in the comments below!📖✨ #Sustaira #ClimateAction #Sustainability #ESG #Investment #Canada #CorporateResponsibility #NetZero

The Government of Canada announced major initiatives on mandatory climate disclosures and sustainable investment to accelerate progress toward net-zero emissions by 2050:   🔹Mandatory climate disclosures for large, federally incorporated private companies: This extends climate-related financial disclosures beyond public companies under securities regulators' proposed rules, promoting transparency across the Canadian economy.   🔹Made-in-Canada sustainable investment guidelines: A new voluntary framework to help investors identify “green” and “transition” activities, driving investment into clean energy, electric vehicles, and heavy industry decarbonization. These actions, along with $93 billion in tax credits, will help grow Canada’s clean economy and create more jobs.    👉 Read the press release: https://lnkd.in/gpQmjrjp    #NetZero #ClimateDisclosures #CorporateSustainability 

The EU has the opportunity to take a global leadership role in helping countries address the climate crisis. Sustainable finance plays a key role in promoting stability and resilience in the Global South, integrating sustainability into financial systems and banking practices to address environmental challenges and foster economic stability in developing nations. These initiatives drive positive impacts such as biodiversity conservation, climate change mitigation, and social development in the region. The EU's commitment to promoting sustainable finance is a game-changer in the fight against climate change worldwide. By championing sustainable finance practices, the EU can inspire other countries and financial institutions to prioritize environmental conservation and long-term resilience. Leading by example, the EU has the power to spark global cooperation in combating the climate crisis and setting a new standard for sustainable finance practices. #EUleadership #SustainableFinance #ClimateAction

🍁 Canada's Plan for Net-Zero: Economic Growth & Mandatory Climate Disclosures 🌿Exciting news from the Canadian government - they're making a strong economic case for net-zero and introducing mandatory climate disclosures for large companies. Here's why it matters: 1. Economic Growth through Net-Zero: ▪ Canada's net-zero plan aims to grow the economy while reaching zero emissions by 2050. ▪ The goal is to attract $125-140 billion in annual investments, supported by $93 billion in tax credits to boost clean economy investments. 2. Mandatory Climate Disclosures: ▪ Large, federally incorporated private companies must disclose climate-related financial information. ▪ This aligns with global trends like the EU's Corporate Sustainability Reporting Directive (CSRD) and helps investors understand climate risks and opportunities. 🌍 Global Context: ▪ The EU is leading with CSRD, affecting ~50,000 EU companies and 10,000+ globally. ▪ The UK is also moving towards a Sustainability Disclosure Requirements (SDR) framework. 🇬🇧 UK Update: ▪ UK Sustainability Reporting Standards are expected in Q1 2025, with potential requirements effective from January 2026. ▪ The government is investing £21.7 billion in carbon capture projects, creating 4,000 new jobs. Canada is showcasing how governments can potentially drive economic growth while tackling climate change. The UK government is also making the economic argument for Net-Zero, backed up by investment in renewable energy and carbon capture. Now let's see how bold they will be with regulatory change on business. #NetZero #ClimateDisclosure #SustainableFinance #CanadianEconomy #UKClimateAction

🌍 Major Milestone for Sustainable Finance in Canada! 🇨🇦 Canada has just announced the development of Climate Taxonomy and Disclosure Rules for capital providers. This move is a game-changer, designed to align financial flows with long-term decarbonization goals. The new framework will improve transparency, consistency, and accountability in how financial institutions approach climate-related investments, paving the way for more informed and impactful decisions. It's exciting to see government leadership at the forefront of climate action, ensuring that capital is directed towards a sustainable future. At Kara, we are eager to see this initiative come to life and to support the development of this taxonomy as it evolves. We believe it's a critical step in helping both investors and companies drive meaningful climate action. Read more about this important development here: https://lnkd.in/gJafHq32 #ClimateFinance #SustainableInvestment #ESG #Decarbonization #Canada #SustainableFuture #GreenEconomy #ClimateAction #CapitalProviders

In the spirit of informed debate and discussion, I think it’s important to clarify the Sustainable Finance Action Council’s recommendations regarding the transition category and governance structure – which are available in full here: https://lnkd.in/g_BfVDaC To be clear, the transition finance category provides only for decarbonization activities for high-carbon industries as they transition to net-zero. In Canada, the oil and gas industry makes up more than a quarter of Canada’s emissions. Ignoring the sector entirely puts Canada’s transition at risk, and leaves investors with no guidelines in both the short and long-term. If Canada is to make meaningful efforts in meeting our climate goals, reductions in this sector are required—full stop. The proposed taxonomy ensures only activities meeting stringent science-based criteria and 1.5°C pathways are included, with clear net-zero targets and transition plans as a baseline qualification. The SFAC Roadmap Report also proposed a governance structure reflecting global best practices, including diverse stakeholder oversight and voting rights, as well as robust technical expertise, vital for setting accurate thresholds. Let's continue collaborating to establish a clear, credible, science-driven, and urgently needed Canadian taxonomy. As Jonathan Arnold from the Canadian Climate Institute recently told the Canadian Press: “It's hard but it's not impossible and it's quite necessary.” https://lnkd.in/grGJKW4B

Australia Launches $7 Billion Inaugural Green Bond To Boost Sustainable Finance Market In a groundbreaking move for Australia’s sustainable finance sector, the Australian Government has launched its inaugural green bond worth $7 billion. Spearheaded by The Hon Dr Jim Chalmers MP, Treasurer, The Hon Chris Bowen MP, Minister for Climate Change and Energy, and The Hon Tanya Plibersek MP, Minister for the Environment and Water, this issuance marks a significant milestone in advancing the nation’s transition to a green economy. The bond issuance aims to attract both global and domestic green capital, funneling funds into projects crucial for Australia’s integration into the global economy while generating employment opportunities nationwide. Backed by the […] Read the full story here: https://lnkd.in/dbUkDp7J #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #australia #greenbond #renewableenergy #sustainablefinance