Rewards and incentives
SDG Accelerators Awards1 (Global Compact Network Canada, with the support of the Government of Canada). This award celebrates Canadian businesses and non-business sectors for their efforts towards SDG implementation. It provides businesses with opportunities to display their strategies or mechanisms that promote the SDGs, be recognised as leaders in this regard, and use this recognition to enhance their reputation and build trust with key stakeholders. There is no prize money. Global Compact Network Canada also offers various SDG programmes such as training courses, workshops, webinars and interactive sessions. It provides a community of practice for businesses to discuss and explore ways in which companies can advance the SDGs, business opportunities and, tools and information to demystify the SDGs and aid in implementation.
Innovation Superclusters Initiative.2 Innovation, Science and Economic Development Canada (ISED) developed the “superclusters” initiative in 2018. The government department focuses on five superclusters in technology areas of Canadian competitive advantage: Digital Technology, Protein Industries Canada (PIC), Next Generation Manufacturing Canada (NGen), Scale AI, and Ocean. The aim of the programme is to create a world-leading innovation economy, and is supported by CAD 950 million in public funding over five years, matched dollar for dollar by private investment. The initiative fosters large-scale collaboration among industry leaders, small- and medium-sized enterprises (SMEs), post-secondary institutions, researchers, academics and not-for-profit organisations as well as accelerators and incubators, and contributes to multiple SDGs (including 2, 8, 9 and 14). Canada's Superclusters are also helping to build a skilled and diverse workforce by:
Creating opportunities for women, racialised Canadians, Indigenous communities and other under-represented groups. For example, Oceans supercluster has created dedicated opportunities for Indigenous peoples, providing meaningful work experience and exposure to more blue economy career options.3
Committing to gender parity for all Supercluster Boards.4
Clean technologies and environmentally sustainable practices are also part of the Superclusters objectives:
Oceans supercluster includes a marine renewable energy component.5
NGen (one of the superclusters) includes the development of environmentally sustainable management practices.6
Digital supercluster is developing a technology to help every part of Canada, and the world, harnessing data to protect supplies of freshwater and dependent ecosystems, fostering sustainable development and monitoring the impacts of climate change.7
PIC (one of the superclusters) is working on the development of safe, nutritious and sustainable food.
Scale AI supercluster works in the development of AI powered sustainable supply chains.8
Strategic Innovation Fund (SIF).9 SIF provides funding for high-risk, large-scale, transformative and collaborative projects to spur innovation in Canada. SIF has funded 76 projects to date. Through SIF’s new Net Zero Accelerator initiative, the programme will help drive decarbonisation projects with large emitters, scale up clean technology and accelerate Canada's industrial transformation across all sectors. SIF promotes the long-term competitiveness of Canadian industries through the advancement of Canada’s strategic technological advantage, clean growth and gender diversity and inclusion. SIF helps meet a number of SDGs:
SDG 5-Gender Equality. SIF requires companies receiving funds to develop and report on gender and diversity action plans. These plans include targets and objectives to promote gender equality in the workplace and enhance diversity among senior management and board members.
SDG 9-Industry, Innovation and Infrastructure. SIF targets innovative, high-quality business investments in multiple sectors such as aerospace, telecommunication, automotive, and manufacturing. SIF also invests in emerging and dynamic sectors such as clean technology and batteries. SIF’s funding has advanced technological development and enhanced technological capabilities and efficiency of the industry sectors. SIF supports industrial research and development (R&D) and technology demonstration and fosters innovation.
SDG 13-Climate Action. SIF’s newly announced Net Zero Accelerator initiative will bolster Canada’s transition towards a low-carbon and green economy. A key objective of the initiative is to reduce greenhouse gas (GHG) emissions over the medium and long term, while helping high-emitting industries make large-scale decarbonisation investments and drive clean technologies innovations.
Government assistance
CSR toolkit.10 This toolkit provides reports and guidelines on why and how to integrate sustainability-oriented practices into business operations. It covers governance for sustainability, structured decision making, human resources for sustainability, purchasing for sustainability and marketing for sustainability.
SME Sustainability Roadmap.11 This is a tool to assist businesses in achieving their goals of sustainability.
Canadian Ombudsperson for Responsible Enterprise (CORE).12 CORE receives and reviews claims of alleged human rights abuses arising from the operations of Canadian firms abroad in the mining, oil and gas, and garment sectors. CORE promotes the implementation of the UN Guiding Principles and the OECD Guidelines and advises Canadian companies on their practices and policies with regard to responsible business conduct.