This proposal received 16.23% support in 2021 and 18.32% in 2022. Also, according to a new report from the expert panel of the Council of Canadian Academies (CCA)1 , the country is squandering excellent opportunities to use this waste. If Canada were to move to a circular economy (CE), the value it would derive from waste could allow it to remain economically competitive, while meeting its commitments to reduce greenhouse gas emissions and achieving its sustainable development goals.
Of course, your environmental initiatives should be noted. However, this proposal is intended to inform all interested parties (stakeholders) about the loans granted in support of the circular economy. The circular economy is a crucial part of the solution to global warming. It is also an answer to other global challenges, while offering significant opportunities for new growth. Also noteworthy is the membership of several other banks in national and international initiatives dealing specifically with the circular economy, including the Principles for Responsible Banking (PRB) of the UNEP-FI and Circular Economy Leadership Canada. Furthermore, on a global scale, only a little less than 9% of extracted resources are reintegrated into the economy after a first cycle of use according to the World Circularity Gap Reporting Initiative2. It therefore seems important that this disclosure be made so that the bank can set objectives in terms of financing these companies and developing the expertise necessary to properly assess their value, and that it report on the achievement of these objectives in its annual reports.