Background:
At CCUA’s 2020 Annual General Meeting (AGM), a member resolution was adopted to establish a working group to develop and publicize measurements to track and disclose the carbon emissions impact of credit unions’ portfolios.
The Climate Change Disclosure Working Group (CCDWG) was established by CCUA in response to the member resolution and met regularly in 2020-2021 to explore the emerging issue of climate-related financial disclosure and to raise awareness of climate-related risks, public policy implications, and industry leading climate disclosure frameworks.
CCUA intends to build on the work of the CCDWG and operationalize the member resolution on behalf of the credit union system by evolving the working group and its mandate into the Climate Action Working Group (CAWG).
Chairs:
Liz Arkinstall, Libro Credit Union (ON)
Tyler Conway, East Coast Credit Union (NS)
Membership:
- Bulkley Valley Credit Union (BC)
- First West Credit Union (BC)
- SASCU (BC)
- Sunshine Coast Credit Union (BC)
- Vancity (BC)
- Central 1 (BC & ON)
- Servus Credit Union (AB)
- Alberta Central (AB)
- Innovation Credit Union (SK)
- Assiniboine Credit Union (MB)
- Manitoba Central (MB)
- Kindred Credit Union (ON)
- Meridian Credit Union (ON)
- Pathwise Credit Union (ON)
- WFCU (ON)
- Your Neighborhood Credit Union (ON)
- Omista Credit Union (NB)
- Consolidated Credit Union (PEI)
- Eagle River Credit Union (NL)
CCUA Contact:
Khris Singh, Policy Advisor
Financial-related Disclosure:
To read more on Financial-related Disclosures, please head to our ESG Resource Centre.
Resources:
International Sustainability Standards Board Presentation – Recording (January 2023)
International Sustainability Standards Board Presentation – Deck (January 2023)
Climate Risk and TCFD Presentation (password: ^t?08Ot^).
The presentation slides are also available here.
Banking on a Net-Zero Future: Effective Climate Governance for Canadian Banks (October 2022)
Note: a credit union specific sector guide will be made available in spring 2023
C.D. Howe Sustainable Green Finance – Conference report (October 2019)
C.D. Howe – Climate risk reporting needs clarity to succeed (December 2019
BIS analytical reports on climate-related financial risks (April 2021)