July 7, 2022

The Queens County Citizen

Complete Canadian News World

More than 20 financial players are being mobilized in Quebec for weather emergencies

More than 20 financial players are being mobilized in Quebec for weather emergencies

Nearly twenty financial players in Quebec Landscape on Monday approved the “Quebec Financial Center Declaration for Sustainable Finance” to respond to climate emergencies and social inequalities.

The first of its kind in North America, the statement aims to contribute to the development of financial institutions in the province in the process of addressing major environmental and social issues.

“Today is a very strong signal. The Quebec financial sector has a simple game plan to support the green, fair and responsible transition of the Quebec and Canadian economies. Said in a press release.

Signatories include the Deszardins Group, National Bank and the Kaise de Depot at Placement du Quebec (CDPQ).

Guy Karmier, President and Chief Executive Officer of the Desjardins Group, has trained the majority of his employees to promote transparency in the sustainable financial sector and promote locally in sustainable development by the end of 2023. Growth.

“By 2025, we hope to direct $ 5 billion in assets to local fund managers to stimulate the recruitment of talent in operations, innovations and sustainable finance,” Laurent Ferreira told National Bank.

As for the CDPQ, it already unveiled last week its new climate strategy to reduce carbon in its portfolio by 2030 and gain nearly $ 54 billion in green assets by 2025.

Finance Montreal periodically oversees all financial groups involved in this initiative.

The announcement kicks off the Sustainable Finance Summit, which actually runs until October 8.