Summary of the event produced by The Globe and Mail’s Events team. The Globe editorial staff was not involved.
What do recent developments in sustainable finance mean for investors and businesses? Sustainable finance is gaining momentum largely thanks to developments in 2021 focused on ESG standards, benchmarks and corporate disclosure requirements.
As these key elements begin to coalesce in Canada and around the world, investors, financial executives and business leaders are bracing for new standards. The Globe and Mail aired the second annual Sustainable Finance Summit on April 27 to bring together leading voices from business, investment and finance to talk about what lies ahead.
Did you miss the show or want to see it again? Scroll down to the video player below.
Ryan MacDonaldclimate, environment and resources editor-in-chief, opened the event and welcomed the audience before giving the floor to Caroline Wilding, President and CEO of CPA Ontario, who shared his perspective on some of the most important developments related to sustainable finance. Mr. MacDonald then interviewed Sean Clear, Chair of the Institute for Sustainable Finance, Smith School of Business, Queen’s University. Mr. Cleary explained how sustainable finance is changing in Canada and what these changes mean for businesses.
The interview was followed by a conversation with Zlata Huddlestonpartner, financial services with IBM Consulting and Patricia Flecher, CEO of the Responsible Investment Association. The discussion focused on how markets are developing around sustainable finance and how the investment community is integrating ESG.
A panel of investors followed, offering deeper insight into how capital-related decisions are increasingly driven by ESG performance. Jeff JonesThe Globe and Mail’s sustainable finance and ESG journalist moderated the panel, which included Jeffrey Cyr, managing partner of Raven Indigenous Capital Partners, Hyewon-KongVice President and Head of Responsible Investment at the Investment Management Corporation of Ontario, and Jay-Ann GilfoyPresident and CEO of Meridian.
Kelly CrydermanAlberta reporter for The Globe and Mail then covered the topic of transition funding with Alyson Slatersenior director of sustainable finance at the Global Risk Institute, and Kevin Ranneysenior vice president of enterprise solutions at Sustainalytics.
The increasing scrutiny of ESG performance by investors is changing reporting requirements for companies in all sectors of the economy. Rita Trichureditor and senior business columnist at The Globe and Mail, moderated a panel of business leaders who discussed the evolution and improvement of their ESG strategies.
The panel showed Angie RoomHead of Sustainable Finance, Commercial Banking for HSBC Bank Canada, Pauline Alimchandanichief financial officer of Northland Power Inc., Trevor McLeodDirector of ESG and Public Policy at Enbridge, and Chantale DespresDirector of Sustainable Development at CN.
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The Globe and Mail featured the event with support from sponsors HSBC, IBM, CPA Ontario and TD.