Climate Engagement Canada (CEC) is a finance-led initiative that drives dialogue between the financial community and corporate issuers to promote a just transition to a net zero economy.
The CEC’s development was inspired by Canada’s Expert Panel on Sustainable Finance, which in 2019 made a series of recommendations to align Canada’s financial system with a low carbon future.
One of the Expert Panel’s recommendations was to establish a national engagement program, akin to Climate Action 100+, to drive a broader and more consistent dialogue with Canadian issuers around climate risks and opportunities. The CEC is that national engagement program.
The CEC is led by several investor networks including the Responsible Investment Association (RIA), Shareholder Association for Research and Education (SHARE) and Ceres. The UN-supported Principles for Responsible Investment (PRI) is also supporting the program, and the Canadian Coalition for Good Governance provided governance advice during the development phase. The CEC initiative has leveraged strategic leadership from Barbara Zvan, who was one of the members of the Expert Panel of Sustainable Finance. The RIA and SHARE serve as the joint secretariat for CEC.