Recommendations of the Expert Panel on Sustainable Finance

• Recommendation 1: Map Canada’s long-term path to a lowemissions, climate-smart economy sector by sector, with an associated capital plan.

• Recommendation 2: Provide Canadians the opportunity and incentive to connect their savings to climate objectives.

• Recommendation 3: Establish a standing Canadian Sustainable Finance Action Council (SFAC), with a crossdepartmental secretariat, to advise and assist the federal government in implementing the Panel’s recommendations.

• Recommendation 4: Establish the Canadian Centre for Climate Information and Analytics as an authoritative source

of climate information and decision analysis.

• Recommendation 5: Define and pursue a Canadian approach to implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

• Recommendation 6: Clarify the scope of fiduciary duty in the context of climate change.

• Recommendation 7: Promote a knowledgeable financial

support ecosystem.

• Recommendation 8: Embed climate-related risk into

monitoring, regulation and supervision of Canada’s financial system.

• Recommendation 9: Expand Canada’s green fixed income market, and set a global standard for transitionoriented financing.

• Recommendation 10: Promote sustainable investment as ‘business as usual’ within Canada’s asset management community.

• Recommendation 11: Define Canada’s clean technology market advantage and financing strategy.

• Recommendation 12: Support Canada’s oil and natural gas industry in building a low-emissions, globally competitive future.

• Recommendation 13: Accelerate the development of a vibrant private building retrofit market.

• Recommendation 14: Align Canada’s infrastructure strategy with its long-term sustainable growth objectives and leverage private capital in its delivery.

• Recommendation 15: Engage institutional investors in the financing of Canada’s electricity grid of the future.