Sustainable Finance Action Council key to mobilizing investment in GHG emissions reductionPembina Institute reacts to establishment of council in response to recommendation by the federal expert panel on sustainable finance

May 12, 2021

wind and solar

Photo: Pembina Institute

VANCOUVER — LINDA COADY, executive director at the Pembina Institute, made the following statement in response to the naming of the Sustainable Finance Action Council:

“Given the Biden Administration’s moves to require more accountability and transparency from companies and investors on GHG emissions reduction, we’re pleased to see Ottawa act on its promise to appoint the private-public Sustainable Finance Action Council to develop ‘a well-functioning sustainable finance market in Canada.’ We won’t achieve our climate goals if we aren’t able to unlock the potential that comes from mobilizing the private sector to act on climate and energy transition. The Pembina Institute’s research indicates that big and small investors alike in Canada are ready to participate in the transition to a clean economy. Leadership from the Sustainable Finance Action Council on a regulated framework for climate-related risk disclosure, and on new opportunities for investment in climate solutions, is required to support Canada’s transformation from an emissions-intensive economy to a net-zero one.”



Sarah MacWhirter
Director, Communications, Pembina Institute


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