Department of Finance Canada announced $10 million over five years to support the continued operation of the International Sustainability Standards Board office in Montreal.
The announcement was made at the Sustainable Finance Summit. It continues earlier federal support for the Montreal office, after Budget 2022 allocated $8 million for start-up costs.
The ISSB develops sustainability-related financial disclosure standards. Those standards are meant to help investors and companies compare information about climate and other sustainability risks across markets.
The funding is tied to capital allocation. Stronger, internationally aligned disclosures can improve risk management and help attract Canadian and foreign investment.
Budget 2025 also supported made-in-Canada sustainable investment guidelines, sometimes called a taxonomy, by the end of 2026.
Disclosure standards can affect reporting costs, investment decisions, and access to capital for companies that need to explain climate and sustainability risks to investors.
For businesses and investors, the issue is practical: clearer disclosure standards can affect what companies report, how pension funds and banks assess risk, and how climate-related investment frameworks develop in Canada.