The Sustainable Finance Roundtable mission is to collaboratively discuss a framework that would provide emissions measurement and reporting structures in the lending sector. The group will explore scope 1, 2 and 3 emissions measurement and reporting strategies. *
Members of the roundtable will meet on a regular basis to focus on primarily 3 activities:
- Information sharing
- Strategy collaboration
- Sector leadership
Members will include both SMB, consumer and automotive lenders as well as the wider ecosystem of vendors supporting the business of lending in Canada.
Specifically, the goal of the roundtable will be to understand, develop, and execute on strategies around the Global GHG Accounting and Reporting Standards for the Financial Industry (PCAF), exploring how current qualitative and proxy data can be replaced by quantitative factual data, outlining emission-intensive hotspots in the lending industry.
How can we change borrower behaviour in the consumer and commercial sector in Canada. Real-time, data-driven visibility into emissions impact of a purchase is key to smart decisioning. As Canada continues to develop its emissions reporting mandates, the Sustainability Roundtable will focus on moving towards measurable actions that not only drive environmental change, but advance the business goals of participating companies.
Together, we will collaborate on developing clear and long term strategies as leaders within the Sustainable Finance sector providing thought leadership for lending in Canada.
Scope 1: Direct GHG emissions occurring from sources that are controlled or owned by an organization.
Scope 2: Indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.
Scope 3: GHG emissions resulting from activities and/or assets not owned or controlled by the reporting organization, such as its suppliers and vendors throughout its value chain.
Please note: It is important that CLA members do not engage, under the auspices of the CLA, in coordinated behaviors or practices that restrict competition or target competitors who are not members of the CLA. It is critical that CLA staff and CLA members abide by these guidelines which are designed to avoid not only actual wrongdoing but also the appearance of wrongdoing. To that effect, CLA members should generally refrain from sharing with each other any confidential sensitive commercial information such as pricing, capacity, expansion, business plans etc. Should a member have any questions or concerns, please contact Dean Velentzas, Head of Policy.