COP28 Open Letter – Announcement related to ISSB Standards

COP28 Open Letter – Announcement related to ISSB Standards

United for Sustainability: The Call of the Quebec Financial Sector

In a world increasingly faced with pressing environmental and social challenges, the role of the financial sector in shaping our common future has never been more critical.

We, the signatories of the Statement by the Quebec Financial Centre for Sustainable Finance, affirm our unwavering commitment to a future where finance and sustainability are inextricably linked. As COP28 concludes, we aim to take an additional step forward: advancing the collective use of the standards set by the International Sustainability Standards Board (ISSB) as a global baseline for sustainability reporting, including climate-related issues.

This initiative goes beyond merely responding to a trend; it symbolizes our commitment to transparency, accountability, and the transformation already underway in our sector. By raising awareness among businesses about the ISSB's reporting standards, while respecting the specificities of each organization, we will foster a unified and integrated approach that considers both financial aspects and the overall environmental and social impact.

The ISSB standards provide a robust starting framework for disclosing relevant information about risks and opportunities related to sustainability, essential for guiding the financial sector towards informed investment decisions. They are the cornerstone of truly sustainable finance, calling for the establishment of a market infrastructure that enables consistent and comparable climate disclosures on a global scale.

Our initiative has international reach and resonance. It echoes the recent announcement by the IFRS Foundation during the Finance Day at COP28, where nearly 400 organizations committed to advancing the adoption of the ISSB standards.

Our approach is part of a broader commitment to sustainable finance, as evidenced by our Statement and our ongoing efforts to establish Quebec's financial sector as a centre of excellence and innovation in sustainable finance in North America.

Our approach is part of a broader commitment to sustainable finance, as evidenced by our Statement and our ongoing efforts to establish Quebec’s financial sector as a center of excellence and innovation in sustainable finance in North America.

We are confident that, through this initiative, we can pave the way towards a sustainable and resilient future for all.

The Signatories of the Statement by the Québec Financial Centre for Sustainable Finance, an initiative led by Finance Montréal: 

  • Roger J. Beauchemin, President and Chief Executive Officer, Addenda Capital
  • Isabelle Gagnon, Chief Executive Officer, Aequo
  • Stéphane Corriveau, President, Managing Director, AlphaFixe Capital 
  • Jean François Chalifoux, President and CEO, Beneva 
  • Debby Cordeiro, Vice-President, Communications, Public Affairs and ESG, Banque Nationale du Canada
  • Charles Emond, President and Chief Executive Officer, Caisse de dépôt et placement du Québec 
  • Michel Brutti, Founder and CEO, Clear Skies Investment Management 
  • Geneviève Mottard, President and Chief Executive Officer, Ordre des CPA du Québec Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital 
  • Guy Cormier, President and CEO, Desjardins Group 
  • Pierre Langlois, President, Econoler 
  • Emilio Imbriglio, Chairman of the Board, Equisoft 
  • Géraldine Martin, President and Chief Executive Officer, Evol 
  • Jessica Pilz, Head of Sustainable Investing, Private Markets, and Vincent Beaulieu, Head of Sustainable Investing, Public Markets, Fiera Capital 
  • Geneviève Morin, President and Chief Executive Officer, Fondaction 
  • Vincent Moreau, CEO, Fonds Climat du Grand Montréal 
  • Janie Béïque, President and CEO, Fonds de solidarité FTQ 
  • Thomas Estines, Co-CEO, Groupe Investissement Responsable 
  • Federico Pasin, Director, HEC Montréal 
  • Renée Laflamme, Vice-President, Individual Insurance, Savings and Retirement, iA Financial Group
  • Guy LeBlanc, President and CEO, Investissement Québec 
  • Charles Nadim, Head of Research & Portfolio Manager – Canadian Equities, Jarislowsky Fraser
  • Sylvain Boulé, President and Chief Executive Officer, Montrusco Bolton 
  • Alice Chipot, CEO, Regroupement pour la responsabilité sociale des entreprises 
  • Vincent Morin, President, Trans-Canada Capital
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