Finance plays a critical role in addressing climate change, but the current approach is seen as insufficient. In this episode of the Bloomberg Intelligence ESG Currents podcast, Executive Vice President and Head of CDPQ Global and Global Head of Sustainability Marc-André Blanchard joins Eric Kane, BI’s director of ESG research, at the Bloomberg Sustainable Finance Forum in Toronto to discuss how sustainable finance should be done differently. They also talk about sustainability at CDPQ, the role of engagement, the importance of blended finance, incentives vs. penalties and the need to use all the tools at our disposal to address the climate challenge. Register here for BI ESG’s June 4 virtual conference, COP 28.5: Looking Back on Dubai, Looking Ahead to Baku.

This episode was recorded on May 7.