Canada’s Green Goals serve as a benchmark for investors to assess ESG credibility

Canada has published a set of targets that its industries must meet in order for the country to meet its greenhouse gas emissions targets, giving investors a benchmark to better assess the impact of environmental, social and governance labeled securities.

anada committed to reducing greenhouse gas emissions by 40-45 percent below 2005 levels by 2030.

The emissions reduction plan released on Tuesday is a sector-by-sector roadmap of actions needed to meet its targets. For example, the oil and gas industry should reduce its emissions by 31 percent below 2005 levels by the end of the decade, which is about 42 percent below 2019 levels.

The Canadian government has gradually added mechanisms to meet its 2030 emissions target, including the introduction of a national carbon tax.

It is already poised to cut emissions by about 36 percent below 2005 levels by 2030 and is working on additional measures to do even more, the government said in a framework used to sell its first green bond became.

“Clear targets for each sector will clearly support decarbonization pathways and hold emitters accountable for their zero-carbon journey,” said Andres Quintana, director of debt capital markets at Laurentian Bank Securities.

“This in turn gives investors additional security to continue to participate in the ESG debt space.”

As the ESG investing movement has boomed in recent years, so have accusations of “greenwashing,” with companies making misleading claims about the environmental credentials of their products.

Canada is releasing its 2030 emissions reduction plan, while the Agency for Export Development Canada is on the verge of issuing transitional bonds or securities that can be used to help big polluters transition to cleaner technologies. Canada’s Green Goals serve as a benchmark for investors to assess ESG credibility

Fry Electronics Team

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