The independent Taxonomy and Transition Planning Council has released its final methodology report, establishing the foundation for the Canadian Sustainable Finance Taxonomy, a set of criteria that can be used by credit unions and investors to identify activities and investments that are eligible for a “green” or “transition” investment label.
The report sets the direction for a credible, usable and internationally aligned framework. It confirms the taxonomy’s objectives, principles and approach to social and environmental safeguards, and also confirms the inclusion and definitions of the green and transition categories.
CCUA’s summary highlights the report’s key takeaways, considerations for credit unions, and recommended next steps. Read the summary to learn more.