UPP Commends Federal Progress on Sustainable Finance Taxonomy

University Pension Plan (UPP) welcomes the Government of Canada’s funding to advance a voluntary, made-in-Canada green and transition taxonomy (the “taxonomy”).

This is an important step toward attracting the domestic and global investment needed to support Canada’s long-term economic growth and transition to a low-carbon economy. A clear, Canadian-designed taxonomy will help direct capital to activities that cut emissions, build climate resilience, and address climate-related financial risks. It will also support a stronger, more transparent, and globally aligned financial markets.

“As Canada builds stronger global partnerships and undertakes nation-building projects, a made-in-Canada, globally aligned sustainable-finance taxonomy will help unlock our economic potential,” said Barbara Zvan, President and CEO, University Pension Plan (UPP). “Canada is one of the best places in the world to put green and transition capital to work, and this framework will help direct that investment toward the opportunities that will shape our shared future.”

Continued leadership in sustainable finance is essential to strengthening Canada’s competitiveness, improving transparency, and supporting long-term economic stability.