To ensure the free flow of capital for a sustainable finance market, Canada is developing a taxonomy tool to categorize economic activities based on whether they credibly align with sustainability objectives.

The direction of capital by the sustainable finance market is one of the tools available to ensure the country meets its government mandated net-zero goal by 2050, says Marlene Puffer, chair at the Canadian Taxonomy and Transition Planning Council.

Read: Canadian green taxonomy plan could boost institutional investments: PIAC

The group released a new draft of its methodology report and is inviting public feedback from interested parties until next month. In the report, the proposed taxonomy categories include green, transition and a new abatement category, which would........

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