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Environmental, Social and Governance (ESG) Advantages

In British Columbia (B.C.), like-minded individuals, businesses, communities, and Indigenous peoples are partnering to create an economic and investment climate that is environmentally, ethically, and economically conscious. B.C. doesn’t just talk about diversity and sustainability, these principles are part of how we do business.

B.C. has grown into a global leader in the ESG space. Leadership and policy reflect progressive environmental, social, and governance goals. We are a stable, transparent democracy with the rule of law and strong institutions. Legislation aligns us with the United Nations Declaration on the Rights of Indigenous Peoples and gender-based analysis applies to the provincial government’s policy work. With the CleanBC Roadmap to 2030, we are accelerating climate action in B.C. to meet our climate targets and build a cleaner, stronger economy for everyone.

Environment

B.C. is committed to a sustainable economy and prioritizes low carbon initiatives that benefit our province and the world.

Through the CleanBC plan, B.C. is working towards measurable emission reductions from 2007 levels of 40 per cent by 2030 and net zero by 2050. As part of the CleanBC plan, B.C. also strengthened government’s reporting requirements to the public through a new climate accountability law.

B.C. provides companies with leading clean energy infrastructure and government resources to help meet sustainability goals, including access to renewable, reliable, and affordable hydroelectricity. Sustainable resources (e.g., clean power, recycled materials, mass timber, clean LNG) are integrated into supply chains making B.C. a competitive jurisdiction to conduct green business practices and meet global sustainability targets for businesses.

Social

The Government of B.C., in consultation with the private sector and key stakeholders, has been working to build social licence with stakeholders and has committed to tackling systemic discrimination in all its forms, working towards eliminating inequality and discrimination. B.C. is committed to true, lasting, and meaningful reconciliation with Indigenous peoples, including through economic development and to support an investment climate that is sustainable, innovative, and inclusive.

Engaging Indigenous peoples respectfully, knowledgeably, and collaboratively supports good conditions for de-risking investment while advancing meaningful societal outcomes. Working collaboratively with Indigenous peoples in B.C. as respected partners, creates certainty and clarity for projects, leading to increased confidence for investors and businesses operating in the province.

With a flexible immigration system, B.C. fosters a multicultural society, home to many different cultures and people from around the world. Our rich multicultural mix creates a lively cultural experience in arts, entertainment, tourism, hospitality, cuisine, and commercial activity. We value the contributions everyone makes to our vibrant economy by promoting new skills and ways of thinking and embracing new people.

Governance

Canada and B.C. offer a stable political, government, and regulatory environment based upon the rule of law. We have strong collaboration across all orders of government to create a stable and dynamic business environment that encourages and safeguards foreign investment, and our legal system provides predictability and certainty to the investor and business community.

Good governance includes transparency and disclosure of ESG performance. Through strong and transparent regulations, B.C. is a global leader by calling on companies across all industries to improve ESG and climate risk disclosures. Provincially legislated ESG related targets and new policies and programs across all sectors of the economy are underway, many of which are among the strongest in North America.

Learn More About British Columbia

Discover the sector or regional advantages to support your business. Learn more about community engagement and consulting with Indigenous people and First Nations communities in British Columbia.