Archived - Supplementary Document to the Department's 2012-13 Report of Plans and Priorities (RPP) Regarding Sustainable Development

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

- Related Documents -

The Department of Finance Canada is a participant in the Federal Sustainable Development Strategy (FSDS).  The FSDS was tabled by the Government of Canada in October 2010, in accordance with the Federal Sustainable Development Act.  The FSDS represents a major step forward for the Government of Canada by including environmental sustainability and Strategic Environmental Assessment as an integral part of its decision-making processes.

The following logos are used throughout to indicate the Department of Finance Canada’s activities which directly contribute to the themes of the FSDS.

Theme I:    Addressing Climate Change and Air Quality

Theme I: Addressing Climate Change and Air Quality





Theme II:    Maintaining Water Quality and Availability

Theme II: Maintaining Water Quality and Availability





Theme III:    Protecting Nature

Theme III: Protecting Nature





Theme IV:    Shrinking the Environmental Footprint – Beginning with Government

Theme IV: Shrinking the Environmental Footprint – Beginning with Government





1. The Department of Finance Canada's Vision for Sustainable Development

Economic and fiscal policy frameworks and decisions that promote equity and enhance the economic, social and environmental well-being of current and future generations.

The Department of Finance Canada's vision for sustainable development represents the ideal which the Department strives to achieve through all of its activities and delivery of its mandate.

2. Departmental Decision-making and Sustainable Development

A. Managing Sustainable Development

The Department of Finance Canada is the Government of Canada's primary source of analysis and advice on the broad economic and financial affairs of Canada.  In addition to preparing the budget, the Department plays an important role in the development and implementation of government policy.  As a "central agency" the Department provides analysis and advice on the economic merit and fiscal implications of policy and program proposals developed by other government departments.  In its central agency capacity, Department of Finance Canada officials serve as members of a broader team of federal officials that review options for, and the implications of, proposals that are presented to Cabinet.  Policy development also takes place within the Department on those issues and areas of responsibility that fall within the Department's own mandate, including tax and tariff legislation, major federal transfers to the provinces and territories, regulatory policy for the financial sector and representing Canada within international financial institutions.

As a policy-oriented department, Finance Canada differs from other government departments in its generally limited direct involvement in delivering programs and services to Canadians.  Nevertheless, the Department has a clear role to play in contributing to the Government's sustainable development efforts.  Sustainable development requires the long-term sustainability of the economy, social programs, the environment and natural resources.  This is consistent with the basic principle of sustainability as set out in the Federal Sustainable Development Act.  While the Department’s mandate is most evidently linked to the economic and social pillars of sustainable development, the Department continuously strives to recognize the implications of its analysis and advice on all aspects of sustainable development, and to take into account the linkages between economic, social and environmental sustainability.  In some cases, this will ensure that economic, social and environmental goals are advanced together.  In others, it will entail trade-offs, but with informed decision-making and choices that reflect careful deliberation.

Economic growth is an important aim of sustainable development in that it contributes to a high quality of life for Canadians, provides the fiscal capacity for governments to address environmental and social issues, and ensures that the Canadian economy remains strong in the face of long-term challenges (such as an aging population, improving productivity and globalization).  For example, population aging will bring with it future economic and fiscal challenges and put downward pressure on growth in living standards.  By taking action now to ensure long-run fiscal sustainability, and by identifying effective policies that encourage investment in the drivers of economic growth, such as human capital, physical capital and innovation, the Government can help to ensure a high standard of living for future generations.  The Department addresses this challenge through responsible fiscal management, economic policy advice, sound framework policies (such as those related to taxation and financial markets), and ongoing analysis of Canada's current and long-run economic and fiscal position.

The Department of Finance Canada believes that safe, healthy and caring communities that provide all citizens with equal access to opportunities are vital to the creation of a strong, competitive, vibrant and sustainable economy and society.  Sustainability in social policy is achieved in the Department by: working with partners in other departments to identify policies that support investments in people and their communities; working in cooperation and collaboration with other orders of government, which often have the primary responsibility for these policy areas, to ensure policy consistency and, where appropriate, stable and predictable funding; and developing specific policies which support this goal (such as tax policies and financial sector regulations).

Management and Accountability

The Assistant Deputy Minister of the Economic Development and Corporate Finance Branch, the Department of Finance Canada's sustainable development champion, is responsible for coordinating activities and reporting with respect to the Department's contributions to the FSDS and sustainable development more broadly.

The Resources, Energy and Environment Section of the Economic Development and Corporate Finance Branch, under the general direction of the Department's sustainable development champion, coordinates departmental sustainable development management, policy and activities.  The main coordination vehicle is the Sustainable Development Working Group (SDWG), which consists of officials from all branches and is chaired by the Chief of the Resources, Energy and Environment Section.  The SDWG is responsible for coordinating the implementation of commitments related to sustainable development within the various branches of the Department, and contributes to reporting on plans and progress with respect to these commitments.

FSDS Reporting

Environment Canada's Sustainable Development Office is responsible for preparing government-wide FSDS Progress Reports at least once every three years.  The first report was completed in April 2011 and tabled before Parliament in June 2011.  A second and more substantive Progress Report is scheduled for Fall 2012.  The report offers an opportunity for departments to re-evaluate FSDS goals and targets and to benefit from lessons learned.  The Department of Finance Canada contributes to government-wide progress reporting through its participation in the FSDS Assistant Deputy Minister Committee and Director General Committee, which are co-chaired by Environment Canada and Public Works and Government Services Canada.

The Department of Finance Canada evaluates its own contribution towards sustainable development, including activities and initiatives supplementary to those captured in the FSDS, as part of the annual Report on Plans and Priorities (RPP) and Departmental Performance Report (DPR) processes.  All departments table a DPR before Parliament after each fiscal year reporting on the status of activities outlined in the previous RPP.  The Department of Finance Canada seeks other opportunities to report on progress in meeting its sustainable development objectives to the Department's sustainable development champion and the Departmental Coordinating Committee, a senior committee comprising general directors from each branch within the Department and other senior officials, as required.

B. Strategic Environmental Assessment Planned Highlights and Commitments

The Department of Finance Canada has made considerable progress in implementing the Cabinet Directive on the Environmental Assessment of Policy, Plan and Program Proposals.  The Department’s officials are better equipped today to use Strategic Environmental Assessment (SEA) as a tool to ensure environmental considerations are given due treatment in departmental proposals as a result of annual information sessions, the development of guidance material for managers and staff, and the support of branch SEA Coordinators.

The Department will continue to implement the Cabinet Directive, consistent with the revised guidelines released by the Canadian Environmental Assessment Agency in October 2010.  To better integrate the FSDS and SEA, internal processes have been updated to encourage consideration of the impact of departmental proposals on the FSDS goals and targets.  This was achieved first and foremost by updating the Department's SEA questionnaire, which is the primary tool used by Department of Finance Canada analysts to conduct SEAs.  The Department will continue to make available public statements of environmental effects relating to new departmental measures and policies on the Department of Finance Canada's SEA Public Statement website, and work to ensure that these statements reflect the impact of the measures and policies on FSDS goals and targets.  The Department tracks the number of preliminary scans and full SEAs it completes and commits to report this information each year in its DPR.  The Department will focus on continuing to ensure the effective implementation of the SEA Cabinet Directive, including an improved SEA tracking system.

3. Departmental Activities/Initiatives (FSDS Themes I-III)

A. Linkage of the Department's implementation strategies to the Program Activities

The Department of Finance Canada provides effective economic leadership through its clear focus on one strategic outcome: a strong and sustainable economy, resulting in increasing standards of living and improved quality of life for Canadians.  All program activities relate to this strategic outcome.  Currently, the Department's implementation strategies related to goals and targets under Themes I and III of the FSDS are all elements of the Sub-Program Activity 1.1.1: Taxation (part of the Program Activity 1.1: Economic and Fiscal Policy Framework).

B. Department's implementation strategies

Theme I:    Addressing Climate Change and Air Quality

The following implementation strategies are related to the FSDS Theme I – Addressing Climate Change and Air Quality:

Goal 1 – Climate Change: reduce greenhouse gas emission levels to mitigate the severity and unavoidable impacts of climate change.

Target 1.1 – Climate Change Mitigation: Relative to 2005 emission levels, reduce Canada’s total greenhouse gas emissions (GHG) by 17 per cent by 2020.

Goal 2 – Air Pollution: Minimize the threats to air quality so that the air Canadians breathe is clean and supports healthy ecosystems.

Target 2.1 – Air Pollutants: Reduce air pollutants in order to maintain or improve air quality across the country and achieve the emission targets which are currently under development in consultations with provinces and stakeholders.

1. Accelerated capital cost allowance (CCA) for clean energy generation equipment

Encourage businesses, through the accelerated capital cost allowance for clean energy generation equipment, to invest in specified equipment that can contribute to a reduction in harmful emissions and diversification of the energy supply (Implementation Strategies 1.1.25 and 2.1.18).

The Government provides an accelerated capital cost allowance (CCA) for income tax purposes under CCA Class 43.2 (50 per cent per year on a declining balance basis) for businesses that invest in clean energy generation and conservation equipment.  Class 43.2 includes specified equipment that generates or conserves energy by using a renewable energy source (e.g., wind, solar, small hydro), using fuels from waste (e.g., landfill gas, wood waste, manure) or making efficient use of fossil fuels (e.g., high efficiency cogeneration systems).

The provision of an accelerated CCA is an explicit exception to the general practice of setting CCA rates based on the useful life of assets.  Accelerated CCA provides a financial benefit by deferring taxation.  This incentive for investment is premised on the environmental benefits of low-emission or no-emission energy generation equipment and its ability to displace consumption of fossil fuels.

i. Relationship between the implementation strategies and the FSDS targets

To the extent that Class 43.2 encourages incremental investment in clean energy generation and energy conservation equipment, it could have an indirect positive impact on the environment.  It could contribute to reduction in greenhouse gas emissions, which is relevant to Target 1.1 of the FSDS, to reduce greenhouse gas emission levels by 17 per cent by 2020.  It could also contribute to a reduction in air pollutants pursuant to Target 2.1 of the FSDS. 

ii. Outline of the non-financial performance expectations

It is expected that providing a modest financial incentive for investment in clean energy generation and energy conservation equipment will encourage businesses to invest in such equipment.

2. Public Transit Tax Credit

Provide tax relief to Canadians who use public transit regularly and encourage individuals to make a sustained commitment to using public transit regularly to help reduce traffic congestion, air pollution and greenhouse gas emissions, through the public transit tax credit (Implementation Strategies 1.1.35.3 and 2.1.22.3).

The Public Transit Tax Credit (PTTC) allows individuals to claim a non-refundable tax credit for the cost of monthly public transit passes or those passes of a longer duration, effective July 1, 2006.  The credit was extended in Budget 2007 to electronic fare cards and weekly passes when used on an ongoing basis. 

i. Relationship between the implementation strategies and the FSDS targets

As stated in Budget 2006, the objective of the PTTC is to encourage individuals to make a sustained commitment to use public transit regularly to help reduce traffic congestion in urban areas and improve the environment.  This measure could contribute to air emissions reductions relevant to Target 1.1: Climate Change Mitigation and to Target 2.1: Air Pollutants of the FSDS.

ii. Outline of the non-financial performance expectations

The PTTC is intended to encourage individuals to make a sustained commitment to public transit use by providing a tax credit for the purchase cost of monthly public transit passes and passes of a longer duration, as well as electronic fare cards and weekly passes when used on an ongoing basis.

3. Green Levy

Impose a Green Levy on the most fuel-inefficient passenger vehicles available in Canada (Implementation Strategies 1.1.42 and 2.1.29).

The Green Levy applies to passenger vehicles with a weighted fuel consumption rating of 13 litres or more per 100 kilometres (55 per cent city and 45 per cent highway) and is imposed at rates ranging from $1,000 to $4,000.  The Green Levy is payable by the manufacturer or importer of new vehicles delivered after March 19, 2007 and by the importer of used vehicles, if the used vehicle was originally put into service (in any jurisdiction) after March 19, 2007.  The Canada Revenue Agency and the Canada Border Services Agency are responsible for the administration of the Green Levy, working with manufacturers and importers of vehicles to facilitate its application.

i. Relationship between the implementation strategies and the FSDS targets

The Green Levy is aimed at encouraging clean, sustainable transportation choices by Canadians by discouraging the purchase of certain fuel-inefficient vehicles.  This measure could contribute to air emissions reductions relevant to Target 1.1: Climate Change Mitigation and to Target 2.1: Air Pollutants of the FSDS.

ii. Outline of the non-financial performance expectations

The Green Levy was introduced as part of the government’s comprehensive, results-oriented ecoACTION plan which aimed at promoting clean, sustainable transportation choices for Canadians.  In particular, the Green Levy aims to continue discouraging the purchase of fuel-inefficient vehicles and to promote the development and deployment of cleaner transportation technologies. 

Theme III:    Protecting Nature

The following implementation strategy is related to the FSDS Theme III – Protecting Nature:

Goal 6 – Ecosystem/Habitat Conservation and Protection: Maintain productive and resilient ecosystems with the capacity to recover and adapt; and protect areas in ways that leave them unimpaired for present and future generations.

Target 6.1 – Terrestrial Ecosystems and Habitat, Non-Park Protected Habitat: Habitat target to support conservation of priority migratory birds and species at risk will be set by 2015.

4. Ecological Gifts Program

Maintain the incentives for the protection of Canada’s ecologically-sensitive land, including habitat used by species at risk, through ongoing tax assistance for donations of ecologically-sensitive land under the Ecological Gifts Program (Implementation Strategy 6.1.5).

Under the Ecological Gifts Program, Canadian landowners may donate ecologically sensitive land, or easements and covenants on such land, to conservation charities to ensure its preservation in perpetuity.  Under this program, donors may benefit from the charitable donations tax credit (for individuals) or the charitable donations deduction (for corporations) on the full value of the gifts of ecologically-sensitive land.  In addition, capital gains that have accrued on the donated land are eligible for a complete exemption from capital gains tax. 

To protect the public interest, Environment Canada is responsible for certifying:

  • the eligibility of recipient charitable organizations;
  • the ecological sensitivity of the donation; and
  • the fair market value of the donation.

In addition, to ensure the perpetual protection of the donated land, the Income Tax Act imposes special tax liabilities for recipients of ecologically sensitive land if there are any changes in use without the prior authorization of Environment Canada.

i. Relationship between the implementation strategy and the FSDS targets

The Ecological Gifts Program is intended to help Canada’s landowners and conservation groups in their habitat conservation and protection efforts.  In particular, donations of ecologically sensitive land can contribute to the protection of non-park protected habitat, including habitat used by species at risk, pursuant to Target 6.1 of the FSDS.

ii. Outline of the non-financial performance expectations

While the decision to donate ecologically sensitive land is often motivated by non-financial factors, the significant income tax benefits provided through the Ecological Gifts Program are intended to provide an incentive to encourage donations of ecologically sensitive land. 

4. Additional Sustainable Development Activities/Initiatives

The Department of Finance Canada's vision for sustainable development – "economic and fiscal policy frameworks and decisions that promote equity and enhance the economic, social and environmental well-being of current and future generations" – is consistent with its mandate to foster a strong economy.  The Department's most important contribution to sustainable development lies in the development of advice and policies that ensure fiscal sustainability, contribute to a high standard of living for future generations and help build strong social foundations.  Through the course of its work relating to tax policy, financial sector policy and in its central agency role, the Department can contribute to efforts to integrate sustainable development considerations into policy making.  In addition, the Department of Finance Canada can set an example for other organizations through a commitment to sustainable development in its operations.

The Department of Finance Canada has set out several goals, supplementary to those included in the FSDS, which focus on key areas where it can contribute to sustainable development.  The Department has focused on making specific commitments in areas relating to its core mandate where it is the lead federal department or has a distinct role in areas where other departments have the policy lead.  Each goal is accompanied by a set of objectives and commitments the Department has made towards meeting those objectives.

Goal 1: Fiscal Sustainability and a High Standard of Living for Future Generations
Objectives Targets Planned Activities/Implementation Plan Linkage to PAA
1a: Promote fiscal sustainability. 1a.1 Return to balanced budgets and ensure the federal debt-to-GDP ratio remains on a downward path. Budget 2012 identified a number of opportunities to enhance the efficiency and effectiveness of government operations, programs and services that will result in cost savings that will help support the return to balanced budgets over the medium term and put the debt-to-GDP ratio on a downward path.

Budget 2012 also takes important steps to ensure the sustainability of public finances and social programs for future generations as our population ages.
PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.2: Economic and Fiscal Policy, Planning, and Forecasting
1b: Monitor long-run economic and fiscal issues and prospects. 1b.1 Understand the long-run economic and fiscal implications of ongoing domestic and global developments. The Department will continue ongoing research and analysis concerning the long-run economic and fiscal implications of ongoing domestic and global developments. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.2: Economic and Fiscal Policy, Planning, and Forecasting
1c: Develop and support policies and measures that promote the long-run sustainability of Canada's economy. 1c.1 Provide analysis and advice to the Minister in support of a tax system that raises revenues in an economically efficient, fair and simple manner that is conducive to economic growth and improved standards of living. The Department will continue to advise the Government on how to: maintain Canada's business tax advantage; address inefficient non-neutralities in the business tax system that distort the allocation of investment; and continue to improve Canada's system of international taxation.  The Department will also support the Government in ensuring the appropriateness and integrity of the various benefits and tax assistance provided to individuals through the Income Tax Act, including support for retirement, families, caregivers, charities, education, and the encouragement of savings and entrepreneurship. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.1: Taxation
1c: Develop and support policies and measures that promote the long-run sustainability of Canada's economy (cont.). 1c.2 Support financial stability and maintain the safety and soundness of the financial system.  The Department will promote a stable, efficient and competitive financial sector by implementing measures to ensure the stability and competitiveness of the housing finance market, addressing large financial institution resolution, maintaining a legislative framework to protect the financial system from money laundering and terrorist financing and implementing robust prudential standards. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.5: Financial Sector Policy

 

Goal 2: Strong Social Foundations
Objectives Targets Planned Activities/Implementation Plan Linkage to PAA
2a: Ensure stable and predictable funding for health and social programs. 2a.1 Provide timely and accurate payment of Canada Health Transfer and Canada Social Transfer amounts. In 2012-13, the Department will continue to focus on providing timely, accurate payments of Canada Health Transfer and Canada Social Transfer amounts to provinces and territories.  Budget 2012 confirmed that the Government will introduce amendments to the Federal-Provincial Fiscal Arrangements Act to give effect to the Government’s announcement in December 2011 relating to the future growth path of the Canada Health Transfer and the Canada Social Transfer and other consequential amendments. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.4: Federal-Provincial Relations and Social Policy
2b: Reduce fiscal disparities through Equalization and Territorial Formula Financing programs. 2b.1 Address fiscal disparities with timely and accurate payment of Equalization and Territorial Formula Financing transfer amounts. In 2012-13, the Department will continue to focus on providing timely, accurate payments of Equalization amounts to Equalization-receiving provinces and Territorial Formula Financing (TFF) amounts to territories.  We will also continue the work on the renewal of the Equalization and TFF programs for 2014-15.  PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.4: Federal-Provincial Relations and Social Policy
2c: Ensure the sustainability of the retirement income system. 2c.1 Implement legislative and regulatory changes resulting from the 2010-2012 Triennial review of the Canada Pension Plan (CPP). Finance officials will work with Human Resources and Skills Development Canada (HRSDC) officials  and provincial/territorial officials to implement 2010-2012 Triennial Review changes in 2012-13 by:
  • Legislating the changes;
  • Working with HRSDC on the details of the implementation;
  • Working with provincial/territorial officials to obtain Orders in Council for changes that require formal provincial consent to come into effect; and
  • Briefing the Minister of Finance on implementation of CPP changes.
PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.4: Federal-Provincial Relations and Social Policy
2c: Ensure the sustainability of the retirement income system (cont.). 2c.2 Start work on the 2013-2015 Canada Pension Plan Triennial Review (to be completed by 2015). Federal-Provincial-Territorial (FPT) Ministers of Finance, as joint stewards of the CPP, are required to review the Plan every three years to ensure that it remains financially sustainable and to determine whether any changes are required.  The next Triennial Review is expected to be concluded in late 2014 or early 2015.  Finance officials will support Ministers of Finance by:
  • Providing advice and analysis on the focus of the Review, based on Actuarial Reports on the CPP, the Budget 2012 commitment to review the impact of increase in eligibility of the Old Age Security (OAS) program on CPP survivor and disability benefits, discussions with provinces and territories, and the general retirement income context; and
  • Organizing regular FPT conference calls and discussions on CPP issues. 
PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.4: Federal-Provincial Relations and Social Policy
2c: Ensure the sustainability of the retirement income system (cont.). 2c.3 Continue to work with provinces and territories to identify ways to help Canadians save more effectively for retirement. In 2012-13, the Department will continue to work in collaboration with provinces and territories to pursue the directions outlined at the December 2011 meeting of Federal-Provincial-Territorial Finance Ministers.  Specifically, the Department will:
  • Work collaboratively with provinces and territories to implement Pooled Registered Pension Plans (PRPPs), taking into account the perspectives of employers, employees and those that may offer PRPPs in developing legislation to implement these plans.  The Department will also develop amendments to the tax rules to accommodate PRPPs with the objective of ensuring that such plans fit within the basic system of rules and limits for Registered Pension Plans and Registered Retirement Savings Plans.
  • Move forward with passage of Bill C-28, the Financial Literacy Leader Act, to provide for the appointment of a Financial Literacy Leader who will exercise national leadership to strengthen the financial literacy of Canadians.  This is a key recommendation of the Task Force on Financial Literacy.
  • Continue work with provinces and territories to follow up on issues related to a potential modest, fully funded and phased in expansion to the CPP.
PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.4: Federal-Provincial Relations and Social Policy

PSA 1.1.5: Financial Sector Policy

 

Goal 3: Integrating Sustainable Development Considerations into Policy Making
Objectives Targets Planned Activities/Implementation Plan Linkage to PAA
3a: Evaluate the potential for the use of economic instruments as a policy tool for addressing environmental issues. 3a.1 Evaluate potential changes to the tax system that could contribute to the Government's environmental objectives, including tax proposals received from stakeholders. The Department will continue to evaluate tax proposals concerning environmental measures, including consideration of the relative effectiveness of tax measures compared to other instruments that may be available within the context of the Government's other fiscal and policy objectives.  The Framework for Evaluation of Environmental Tax Proposals, published in Budget 2005, sets out general policy considerations that may be taken into account in the assessment of potential tax measures aimed at furthering the Government's environmental objectives.  The Department will continue to review, as appropriate, the accelerated capital cost allowance for clean energy generation equipment to ensure inclusion of appropriate technologies that have the potential to contribute to energy efficiency, diversification of the energy supply, and a reduction in emissions of greenhouse gases and air pollutants. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.1: Taxation
3b: Increased knowledge and awareness of environmental and broader sustainable development issues within the department. 3b.1 Organize at least one speaker annually on an issue related to sustainable development. To increase knowledge and awareness of sustainable development issues, the Department will organize at least one session with an external speaker in 2012-13 on a sustainable development topic. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.3: Economic Development and Corporate Finance
3b: Increased knowledge and awareness of environmental and broader sustainable development issues within the department (cont.). 3b.2 Conduct research and analysis on environmental and natural resource issues. To increase awareness and understanding of current environmental and natural resource issues within the Department, research and analysis will continue to be conducted on an ongoing basis. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.3: Economic Development and Corporate Finance
3c: Effective implementation of the Cabinet Directive on the Environmental Assessment of Policy, Plan and Program Proposals. 3c.1 Organize an information session for Department of Finance Canada employees on Strategic Environmental Assessment. At least one information/training session on Strategic Environmental Assessment (SEA) will be held in 2012-13 to ensure that all employees are:
  • Informed about the rationale  for, and benefits of, conducting SEAs;
  • Aware of the Department’s procedures with respect to SEAs; and
  • Aware of the resources available to assist them in completing SEAs.
PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.3: Economic Development and Corporate Finance
3d:  Support implementation of Canada's international financing commitment under the Copenhagen Accord.  3d.1 Deliver $290 million in climate change-related financing through the International Finance Corporation. The Department will work with relevant organizations and departments to deliver this concessional financing in support of Canada's international climate change efforts.

The Department will report on this initiative through existing Government of Canada reporting on Official Development Assistance, International Climate Change efforts, and on the operations of Bretton Woods Institutions and Related Agreements Act.
PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.6: International Trade and Finance
3e: Encourage export credit agencies to take into account climate change considerations in their decisions on export finance.  3e.1 Address, where possible, financial barriers in the transfer of technologies that will assist climate change mitigation. The Department is participating in the OECD discussions on the Draft Sector Understanding on Export Credits for Climate Change Mitigation and Water Projects that sets out the terms and conditions for support that may be provided by government-backed support for climate-friendly technologies. PA 1.1: Economic and Fiscal Policy Framework

PSA 1.1.6: International Trade and Finance

5. FSDS Theme IV – Shrinking the Environmental Footprint of Government

Theme IV:    Shrinking the Environmental Footprint – Beginning with Government

The Department of Finance Canada is a participant in the Federal Sustainable Development Strategy (FSDS) and contributes to Greening Government Operations targets (Theme IV: Shrinking the Environmental Footprint – Beginning with Government) through the Internal Services program activity.  The Department contributes to the following target areas of Theme IV of the FSDS:

  • Surplus Electronic/Electrical Equipment 
  • Printing Unit Reduction
  • Paper Consumption
  • Integrating Environmental Considerations into Departmental Procurement
  • Green Procurement
  • Green Meetings

For additional details on the Department of Finance Canada's Greening Government Operations activities please see 2012-13 Part III - Reports on Plans and Priorities (RPP).

6. Additional Details on the FSDS

For additional information on the FSDS, please refer to Environment Canada’s Federal Sustainable Development Strategy webpage.