Business View Magazine | December 2020

10 BUSINESS VIEW MAGAZINE DECEMBER 2020 THE INVESTMENT COMMUNITY’S THOUGHTS: O ACHIEVE OUR LOW-CARBON ECONOMY OBJECTIVE and opportunities from climate change. Only then, companies and investors will be able to take meaningful actions. CCLI supports corporate directors, pension trustees and other investment fiduciaries in developing effective climate governance to consider climate-related financial risks and opportunities. This Bill sends a message to corporate stakeholders that the government is also considering these risks and will be accountable to Canadians. The Act also sends the message that sustainable investment and finance is the way to move forward to a low- carbon economy in Canada. The Canada Climate Initiative will continue to work with corporate directors and pension trustees to enhance their governance of climate risks and opportunities and welcomes this new legislation. About the Canada Climate Law Initiative The Canada Climate Law Initiative (CCLI) is a cross-disciplinary research initiative that advances the understanding of climate governance across Canada through research, dialogue and knowledge sharing. CCLI conducts rigorous legal analysis and consult with a national network of 55 Canadian Climate Governance Experts to bring up-to-date governance knowledge and tools to corporate and pension boards across Canada. CCLI is led by three principal investigators, Dr. Janis Sarra and Dr. Carol Liao from the Peter A. Allard School of Law, University of British Columbia, and Professor Cynthia Williams from the Osgoode Hall Law School, York University. www.ccli.ubc.ca Canada must get ahead of the risks to financial stability posed by climate change to ensure a smooth transition to a low-carbon economy