May 23, 2022

Transatlantic sustainable finance partnership hailed as key to promoting “common roadmap” between Canada and France.

Transatlantic sustainable finance partnership hailed as key to promoting “common roadmap” between Canada and France.

A new international partnership has been hailed as a key development of the sustainable financial industry in both Canada and France.

The ‘Quebec-France Corridor in Sustainable Finance’ was officially launched at last week’s Sustainable Finance Summit and is a joint venture between Finance Montréal and Finance for Tomorrow, Paris.

The partnership aims to strengthen cooperation between Quebec and French players in sustainable finance by pooling expertise and best practice in order to create new opportunities for companies and investors on both sides of the Atlantic.

Speaking at last week’s Sustainable Finance Summit, General Manager of Finance Montréal, Jacques Deforges said, “The establishment of the Sustainable Finance Quebec-France Corridor is a mutual recognition of Quebec and French expertise in sustainable finance. This initiative will allow us to pool our knowledge on crucial issues in sustainable finance to position Montreal and Quebec among the major financial centers at the international forefront of sustainable finance.”

The role of UNFC4S in helping to facilitate the new Sustainable Finance Corridor was also highlighted with President of Finance for Tomorrow, Thierry Déau saying that the partnership, “reflects the ambition that we have had since 2018 with the FC4S (Network of international financial centers around sustainability issues) to bring together players from international markets and share best practices to make sustainable finance mainstream finance.”

The Quebec-France Corridor, which establishes Finance Montréal and Finance for Tomorrow as key players in terms of sustainable finance for the two regions, will allow the development of a common roadmap in order to make sustainable finance a key element in the development and influence of the financial industry.

The partnership lays the foundations for a continuous and ambitious dialogue between financial players and companies in the two financial centres and has been met with great enthusiasm by members of the finance industry on both sides of the Atlantic.

For more information, please contact:

Jessica López López

jessica.lopez@undp.org