Finance Montréal

Quebec’s
Sustainable Finance
Roadmap

Quebec's sustainable finance roadmap, which Finance Montréal has been mandated to develop by the government of Quebec, will enrich Quebec’s vision for its financial future, integrating sustainability concepts in a concerted and structured manner. The roadmap will present a series of strategic measures aimed at strengthening Quebec's leadership position in this field, by fostering innovation, stimulating responsible investment and encouraging transparency and accountability.

 

À propos de la déclaration

About Quebec’s Sustainable Finance Roadmap 

In December 2022, on the occasion of the Conference of the Parties to the United Nations Convention on Biological Diversity (COP15), the Québec government announced the launch of the Québec Sustainable Finance Roadmap.  

Carried out with the support of Finance Montréal, this ambitious initiative testifies to Quebec's leadership in environmental matters and its commitment to building a greener economy. The province is among the very first jurisdictions in North America to undertake such an exercise. This essential initiative will enable Quebec to mobilize and coordinate various public, private and academic players, prioritize promising measures and coordinate actions that will accelerate the transition to a sustainable and responsible financial sector.

The project is planned to take place in three main phases:  

1. Taking stock of the situation 
2. Roadmap development  
3. Implementation strategy

Quebec's sustainable finance roadmap is anchored in the sustainable finance workstream of the Government Sustainable Development Strategy (GSDS) and is part of the Ministère des Finances' Sustainable Development Action Plan 2023-2028. It will enable the government of Quebec to properly assess the actions required to accelerate the scope of sustainable finance in Quebec, and to develop Quebec's expertise and leadership in the field to position the province at the international forefront of sustainable finance.

 

Governance Structure

Governance structure

Developing a roadmap for sustainable finance in Quebec will require the involvement of various stakeholders from the public, academic and private sectors.

Government coordination of the work is ensured jointly by the Ministère des Finances du Québec (MFQ) and the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP). 

A series of consultations with all stakeholders will provide an opportunity to discuss priority issues and the future of sustainable finance in Quebec.

The final report, which will set out the findings of these discussions and work as well as the recommendations and actions to be implemented to promote sustainable finance initiatives in Quebec, will be submitted to the government in December 2024.

In early 2024, the steering committee and Finance Montréal launched a call for candidates that will enable interested individuals to submit their applications and be considered for a seat on the advisory committee. The call for candidates is opened until February 16, 2024. 

To learn more about the role of the advisory committee, the profiles sought and the call for nomination, click here.

Quebec's Sustainable Finance Roadmap is an initiative of the government of Quebec, coordinated by Finance Montréal, Quebec's financial services industry cluster.