Canada Joins International Platform on Sustainable Finance (IPSF)
The International Platform on Sustainable Finance (IPSF) is part of the European Commission's ongoing work to support a global transition to a low-carbon, more resource-efficient and sustainable economy.
The ultimate objective of the IPSF is to scale up the mobilisation of private capital towards environmentally sustainable investments. The IPSF will deepen international cooperation and, where appropriate, coordination on approaches and initiatives for the capital markets (such as taxonomies, disclosures, standards and labels), that are fundamental for private investors to identify and seize environmentally sustainable investment opportunities globally.
Operationally, the IPSF will pursue three objectives:
- Exchange and disseminate information to promote best practices in environmentally sustainable finance;
- Compare the different initiatives and identify barriers and opportunities to help scale up environmentally sustainable finance internationally;
- While respecting national and regional contexts, enhance international coordination where appropriate on environmentally sustainable finance issues. In addition, where appropriate, some willing members could strive to align initiatives and approaches.