It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass.
The same could be said of investors trying to navigate where to put the many trillions — with a T — that are needed every year as the world works through the biggest energy transition since humans figured out fire.
Without standardization, there’s a lot of guesswork as to which investments are climate-aligned and which financial players are keeping their climate commitments. It creates greenwashing loopholes big enough to drive trucks full of billions of dollars through.
To help direct investments to where they need to go, many governments have started to put together standards for what kind of investments they consider environmentally sustainable. In other words, they define criteria for an official stamp of approval.
Canada was early…
