Tuesday 12 May 2020

Climate goals become eligibility criteria for Canadian Covid-19 financial support

The Canadian Government has made climate goals a condition for businesses needing state relief during the coronavirus pandemic.

It says companies needing support will be required to commit to publishing annual climate-related disclosure reports consistent with Financial Stability Board Task Force requirements.

Businesses will also need to include how their future operations will support environmental sustainability and national climate goals.

Justin Trudeau, Canada's Prime Minister, has announced the new measures to support companies with annual revenues of more than $300 million (£173m) to help businesses keep their workers on the payroll and weather the pandemic.

https://twitter.com/JustinTrudeau/status/1259838890019622913?s=20