Title page 1

Contents 4

Executive Summary 3

1.0. Introduction 5

2.0. Why Australia Matters: Friendlier competition 7

3.0. Australia's Sustainable Finance Roadmap: Rules and tools 10

Objective 1. Improve transparency on climate and sustainability 10

Objective 2. Improving financial system capabilities 13

Objective 3. Anchor government leadership and international engagement 16

4.0. Five Recommendations for Canada's Sustainable Finance Future 18

1. Interoperability: Make tools and policies cohesive and useable 18

2. Net-Zero Alignment: Accelerate domestic decarbonization 19

3. Fossil Fuel Limits: No green or transition labels 20

4. Early Adaptation: Planning for resilience and nature 22

5. Indigenous Inclusion: Guidance for corporate engagement 23

5.0. Conclusion 25

References 26

Figure 1. Changes in economic structure over time-Australia and Canada 7

Figure 2. Changes in selected exports, as percent change in total merchandise export value 8

Figure 3. High-level roadmap time frame 10